Saturn Oil & Gas Inc. 很高兴地宣布其最近钻探的 9 口总井（净 9.0 口）的初步生产结果，其中包括该公司在艾伯塔省中部的 Brazeau 油田首次开发的 Cardium 轻质油和天然气。此外，土星公司继续在萨斯喀彻温省东南部成功开发常规水平井，平均初始产量表现出色。

艾伯塔省中部钻井更新
第一季度，公司在 Brazeau 地区完成了 4 口总水平井（净值 4.0），目标是 Cardium 轻油，平均初始 30 天（“P30”）每口井平均产量约为 710 桶油当量/ d（50% 轻油和液化天然气），代表我们迄今为止最好的 Cardium 开发井。该组最出色的井是 Brazeau 100/03-17-045-11W5 井，是公司自成立以来钻探的表现最好的井，IP30 率为 723 桶油当量/天（50% 轻油和液化天然气） 。 Saturn 在艾伯塔省中部的 Brazeau 地区拥有 121 个总（净 101 个）已降低风险的已预订和未预订水平钻井地点。

萨斯喀彻温省东南部钻井更新情况
Saturn 于 2024 年第一季度完成了 5 口常规水平井（总净值 5.0），其中包括 3 个密西西比老化的 Frobisher 和 Tilston 区域目标以及 2 个 Spearfish 区域目标，超出预期类型曲线 IP30 平均生产率 33%。该小组的亮点是 Glen Ewen 101/03-01-004-02W2（“len Ewen 03-01”）Frobisher 井，该井的 IP30 产量为 195.6 桶油当量/天，轻油含量为 95%，该地区最多三个（净值）新钻探地点面临风险。 2023 年，土星在萨斯喀彻温省东南部实地拍摄、处理和解释了其首个专有 3D 地震数据，帮助确定了 Weir Hill 103/14-18-006-04W2（“eir Hill 14-18”）位置。 Weir Hill 14-18 作为双侧井钻探，100% 轻油的 IP30 率为 154.4 桶/天，其成功在该地区产生了多达 3 个总产量（净值 3.0 桶）的新开发地点。 Saturn 在萨斯喀彻温省东南部拥有 429 个额外预订和未预订的常规钻探地点（净额 381 个）。

展望
Saturn继前几年在萨斯喀彻温省东南部钻探取得成功之后，继续提高其IP30初始生产率和投资资本的总体回报率。 Saturn 最近在萨斯喀彻温省东南部的 Viewfield 地区完成了一口总（净重 1.0）裸眼多边（“HML”）井的钻探，该井有 8 个水平井段，每段长达 2 英里。 OHML 井预计将于 2024 年 5 月投产。

根据现场估计，2024 年 4 月公司产量约为 28,000 桶油当量/天（77% 轻油和液化天然气）。

公司计划于 2024 年 5 月 14 日左右发布第一季度财务业绩。Saturn 将于 2024 年 5 月 15 日星期三美国东部时间上午 10:00（美国东部时间中午 12:00）举办网络广播，回顾第一季度2024 年财务业绩，并为公司的运营亮点提供更多色彩。

参与者可以通过 https://saturnoil.com/quarterly-results-webcast-registration/ 访问网络直播。网络广播的录制档案随后将在公司网站上提供。

Saturn Oil & Gas Inc. is pleased to announce the initial production results for its most recently drilled nine gross (9.0 net) wells, including the Company’s first development of the Brazeau field in Central Alberta for Cardium light oil and natural gas. In addition, Saturn continued its successful development of conventional horizontal wells in Southeast Saskatchewan, with outstanding average initial production rates.

Central Alberta Drilling Update
During the first quarter the Company completed four gross (4.0 net) horizontal wells targeting Cardium light oil in the Brazeau area with an average initial 30-day (“IP30”) average production per well of approximately 710 boe/d (50% light oil and NGLs), representing our best Cardium development wells to date. The standout well of the group was the Brazeau 100/03-17-045- 11W5 well, and is the Company’s best performing well drilled since inception, with an IP30 rate of 723 boe/d (50% light oil and NGLs). Saturn has 121 gross (101 net) de-risked additional booked and unbooked horizontal drilling locations in the Brazeau area of Central Alberta.

Southeast Saskatchewan Drilling Update
Saturn completed five gross (5.0 net) conventional horizontal wells with three Mississippian aged Frobisher and Tilston zone targets and two Spearfish zone targets in the first quarter of 2024, exceeding expected type curve IP30 average production rates by 33%. The highlight of the group was the Glen Ewen 101/03-01-004-02W2 (“Glen Ewen 03-01”) Frobisher well which had IP30 production of 195.6 boe/d, with 95% light oil, which de-risks up to three gross (3.0 net) new drilling locations in the area. In 2023 Saturn field shot, processed and interpreted its first proprietary 3D seismic data in Southeast Saskatchewan which helped identify the Weir Hill 103/14-18-006-04W2 (“Weir Hill 14-18”) location. Weir Hill 14-18 was drilled as a dual lateral well, had an IP30 rate of 154.4 bbl/d of 100% light oil, and its success yielded up to three gross (3.0 net) new development locations in the area. Saturn has 429 gross (381 net) additional booked and unbooked conventional drilling locations in Southeast Saskatchewan.

Outlook
Saturn has followed up its success in previous years drilling in Southeast Saskatchewan to enhance its IP30 initial production rates and overall return on invested capital. Saturn has recently finished drilling one gross (1.0 net) Open Hole Multi-Lateral (“OHML”) well in the Viewfield area of Southeast Saskatchewan with eight horizontal legs of up to two miles each. The OHML well is expected to be put onto production in May 2024.

Corporate production for April 2024, based on field estimates, is approximately 28,000 boe/d (77% light oil and NGLs).

The Company plans to release its first quarter financial results on or about May 14, 2024. Saturn will host a webcast at 10:00 AM MDT (12:00 PM Noon EDT) on Wednesday, May 15, 2024, to review the first quarter 2024 financial results and provide additional colour on the Company’s operational highlights.

Participants can access the live webcast via https://saturnoil.com/quarterly-results-webcast-registration/. A recorded archive of the webcast will be available afterwards on the Company’s website.