Saturn Minerals Inc.

Published : July 15th, 2015

Land Values Are Set To Skyrocket In This New Oil Region

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Consequence | Growth | London | Market | Oil |

Land Values Are Set To Skyrocket In This New Oil Region

LONDON, ENGLAND / ACCESSWIRE / July 15, 2015 / While the drop in oil prices effectively means no drilling for now in Canada's biggest shale reserves, we’re looking at some of the cheaper, smaller plays that can move forward despite the slump in Saskatchewan's Northern Williston Basin, with a four-well drilling plan getting under way as early as this month at Bannock Creek and land values set to skyrocket with the first discovery.

Saturn Minerals (SMI.V) and its JV partner are defying the oil price slump by launching a four-well conventional drilling program after successful 2D seismic pinpointed 10 locations for potential light oil traps in the stacked Red River, Winnipeg and Deadwood Formations in the basin.

At the end of the day, we're looking at a potential estimated production rate of 100-150 barrels per day, per well.

Bannock Creek is in Saskatchewan's section of the prolific Williston Basin, which already produces 1 million bpd. And Bannock Creek isn't the only permit Saturn has here-its sleeper play is Little Swan, which will be a future target. Together, the two permits span 376,800 acres. Not does this make it one of the largest permits in Saskatchewan, but it's also sitting right next to some very large and very active drillers, including Whiting Petroleum Corp (NYSE:WLL), Hess Corp (NYSE:HES) and Continental Resources (NYSE:CLR).

But the real story here is the potential for land value to sky rocket. Saturn holds hundreds of thousands of acres in this area and the closest producing well is around 300 kilometers away. This means that land is cheap. But it also means that the minute any discovery is announced in this area, the land value will sky rocket, and Saturn is sitting on the biggest piece of property so would be the primary beneficiary.;

In the meantime, we're looking at cost and we like the idea of getting back to the conventional-especially in this area. The Bannock Creek wells are shallow and vertical, and will reach under 1,000 meters in depth. This is why it can survive in the current price environment, where Canada's shale plays cannot. The drilling costs are significantly lower.

While oil and gas explorers targeting horizontal drilling and multi-stage fracking in the same area will drill down 4,000 meters and pay up to $17 million for a well, the shallow, vertical wells at Bannock Creek will only cost about CAD $830,000 to drill, tie-in and complete.

This math makes room for some impressive netbacks, and adding to the lure is the fact that Saskatchewan is known for having some strong producing shallow plays.

Not only is the production rate estimated to be around 100 to 150 bpd per well, but the net backs will be around $35 per barrel at current oil prices, making for some sound returns on investment.

Management is always the key, and from this perspective we see that Bannock Creek is one track. Seismic has come through as promised, and drilling is on track as well. If Saturn can fast-track Bannock and Little Swan and see success, and then move forward with new exploration for more growth in North America's hottest wildcat venue, we could be looking at a company that defies low oil prices and brings the conventional back to the forefront of the oil and gas game with high-yield returns.

"We're going back to the way things were done in the early 90s in the Western Canada Sedimentary Basin. We're back to the conventional game," Saturn consultant Craig Boland said in a recent in a video interview with smallcappower.com.

In May, the company also completed a $450,000 non-flow through private placement, with 2,500,000 units at a price of $0.18 to help boost the four-well drilling project.

So while Canadian media seems stuck on forcing the potential of the country's biggest shale plays, we view this as presently unrealistic. Getting back to the basics for now will be key for investors looking for real returns in this market, and Saskatchewan's cheap shallow plays are the only hope in this venue.

What investors should really be latching onto here is Saturn's huge acreage package and the potential for land value per acre to explode with the first discovery, rendering the four-well drilling plan even more exciting.

By. James Burgess of Oilprice.com

Legal Disclaimer/Disclosure: Saturn Minerals is an Oilprice.com client. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this Report should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. We make no guarantee, representation or warranty and accept no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Oilprice.com only and are subject to change without notice. Oilprice.com assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this Report.

SOURCE: Oilprice.com

Read the rest of the article at finance.yahoo.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Saturn Minerals Inc.

EXPLORATION STAGE
CODE : SMI.V
ISIN : CA80410K1012
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Saturn Min. is a gold and copper exploration company based in Canada.

Saturn Min. holds various exploration projects in Canada.

Its main exploration properties are GEM, BEAVIS, SASKATOBA and OVERFLOWING in Canada.

Saturn Min. is listed in Canada. Its market capitalisation is CA$ 30.5 millions as of today (US$ 23.5 millions, € 20.3 millions).

Its stock quote reached its highest recent level on June 26, 2008 at CA$ 0.81, and its lowest recent point on September 17, 2010 at CA$ 0.05.

Saturn Min. has 145 210 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Saturn Minerals Inc.
7/28/2016Closes Flow Through Private Placement
7/26/2016Announces Flow Through Private Placement
4/2/2015Announces Completion of First Tranche of Private Placement
1/23/2014Announces Private Placement Grants Stock Options
11/6/2013Announces Private Placement with Global Resources Investment...
11/13/2012Announces Brokered Private Placement
12/30/2011Closes Private Placement
9/5/2011Announces Private Placement
Option Grants of Saturn Minerals Inc.
6/23/2011Retains MI3 for Investor Relations
Nominations of Saturn Minerals Inc.
9/18/2012Appoints Allan Danroth to the Board of Directors
10/13/2011Saturn Minerals Inc. Appoints New CFO & Corporate Secretary
10/13/2011Appoints New CFO & Corporate Secretary
5/2/2011Appoints Silvia Quandt & Cie. AG as Designated Sponsor for X...
Project news of Saturn Minerals Inc.
8/15/2013Announces Seismic Program on Bannock Creek Oil & Gas Propert...
4/23/2013Announces Results of Seismic Program on Saskatchewan Oil and...
7/10/2012Der Aktionar - Saturn Minerals: Emerging Resource Explorer
5/7/2012Reports Low-Sulfur Coals from Thunder Discovery in Manitoba
4/12/2012Makes Third New Coal Discovery, 25 Meters Composite Coal Thi...
3/7/2012(Saskatoba)Commences Drilling in Saskatchewan and Manitoba, Saskatoba C...
3/1/2012Acquires 100% of Little Swan Oil & Gas Property in Eastern S...
1/12/2012(Saskatoba)Announces Saskatoba 2012 Winter Exploration Program
10/26/2011Summarizes Summer Exploration Program on the Armit Property...
9/1/2011(Saskatoba)Reports Positive Washability Results from the Karolina Coal ...
8/16/2011(Saskatoba)TSX.V: SMI - Acquires 100% Interest in the Saskatoba Coal Pr...
3/29/2011(Overflowing)Makes New Coal Discovery at Saskatoba Project, 88.98 Metre L...
3/1/2011(Overflowing)Mobilizes Drill Program on Overflowing Property, Summarizes ...
1/27/2011(Saskatoba)Completes 1,351 line-km Airborne Gravity Survey, 3,248 Hecta...
Corporate news of Saturn Minerals Inc.
2/1/2016All Eyes on Saturn Minerals' Williston Basin Drilling
1/27/2016Saturn Minerals Inc. Announces Update on Bannock Creek Drill...
12/14/2015Saturn Minerals Inc. Announces Update of Bannock Creek Oil E...
10/29/2015Saturn Minerals Inc. Granted License for an Oil Exploration ...
9/30/2015Saturn Minerals Inc. Granted Approval for an Oil Exploration...
9/15/2015Saturn Minerals Inc. Announces Update on Bannock Creek Oil P...
9/2/2015Saturn Minerals Inc. Announces Update on Drilling of Bannock...
8/6/2015Saturn Receives Final Approval and Closes Flow-Through and N...
7/28/2015Saturn Minerals Inc. Announces Flow-Through and Non Flow-Thr...
7/15/2015Land Values Are Set To Skyrocket In This New Oil Region
3/31/2015Completes Seismic Program at Little Swan Saskatchewan Oil & ...
3/3/2015Low Oil Prices Present An Opportunity Here
3/2/2015Keeping It Simple
2/24/2015Saturn Minerals Announces Additions to Advisory Board
2/11/2015Oil’s Survival Of The Fittest: Interview With Saturn Mineral...
2/10/2015Reports Updated Seismic Interpretation From its Saskatchewan...
2/10/2015Saturn Minerals Reports Updated Seismic Interpretation From ...
1/27/2015Saturn Minerals Completes Seismic Survey on Bannock Creek Oi...
11/5/2014Saturn Minerals Executes LOI on Farm Out of Saskatchewan Wil...
10/16/2014Saturn Minerals Inc. Receives Final Approval and Closes Seco...
10/10/2014Saturn Minerals Inc. Announces Additional Seismic and Drilli...
9/11/2014Saturn Minerals Inc. Identifies Large Structure Among Severa...
8/22/2014Saturn Minerals Inc. Announces Completion of First Tranche o...
8/15/2014Saturn Minerals Inc. Announces Private Placement For Saskatc...
5/27/2014Saturn Minerals Inc. and Vector Exploration Corp. Announce a...
5/14/2014Saturn Receives Final Approval and Closes Flow-Through and O...
4/10/2014Saturn Minerals Inc. Retains FronTier Merchant Capital Group...
6/14/2013Recent Media Coverage
2/13/2013Announces Seismic Program on Saskatchewan Oil & Gas Properti...
10/18/2012Receives Airborne Results
10/4/2012Saturn Minerals Discovers Oil Source Rock During Coal Explor...
10/4/2012Discovers Oil Source Rock During Coal Exploration
4/24/2012Financial Coverage
4/19/2012Commences 1,627 line-km Airborne Gravity Survey on Oil & Gas...
3/29/2012Hardman & Co. Publish Updated Report & Winter 2012 Presentat...
1/18/2012Signs MOU for Coal Supply Agreement
12/6/2011A Message from Saturn Minerals Inc.
8/18/2011TSX.V: SMI - Completes 4,540 line-km Airborne Gravity Survey...
6/23/2011TSX.V: SMI - Saturn Minerals Inc. Retains MI3 for Investor R...
6/14/2011TSX.V: SMI - Saturn Minerals Commences 4,389 line-km Airborn...
5/31/2011Reports Coal Quality Results Karolina Basin Coal Quality Ret...
5/25/2011Appoints Dr. Krzysztof Mastalerz, PhD, P.Geo., to Board of D...
4/21/2011Acquires 49,727 Hectares Of Oil & Gas Rights in Saskatchewan
2/15/2011Announces Successful Petroleum & Natural Gas Bid for 102,757...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (SMI.V)
0.210-2.33%
TSX-V
CA$ 0.210
08/03 13:20 -0.010
-2.33%
Prev close Open
0.215 0.210
Low High
0.200 0.220
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.210 -%
Volume 1 month var.
164,000 -%
24hGold TrendPower© : -22
Produces
Develops
Explores for Coal - Copper - Gold - Lead - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 12/29/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.08+0.50%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 8.91-2.73%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-3.26%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.06+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 12.67+0.88%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.34+6.25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+2.70%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 1.77-2.21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 40.37-0.22%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.