Saturn Oil & Gas Sets Q3 Production Record, Posts C$48 Million Loss
Photo: TokenPost
Saturn Oil & Gas Inc. set a third-quarter production record of 43,704 barrels of oil equivalent per day, while a C$48 million loss reflected noncash hedge losses and refinancing costs. Oil and liquids made up 82% of output. The company’s net loss was C$0.27 per share and primarily reflected unrealized hedge losses and one-time costs associated with refinancing senior notes. Saturn reaffirmed an exit production target of 54,000 to 56,000 boe/d for year-end 2026. The target depends on closing the planned Corex Resources acquisition , which Saturn expected to close before Christmas 2026.
Source: TokenPost
