Saturn Minerals Begins Completions Test at Bannock Creek
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/01/16 -- Saturn Minerals Inc. (TSX VENTURE: SMI)(FRANKFURT: SMK) ("Saturn" or the "Company") reports that completions have begun at its Bannock Creek project in northeastern Saskatchewan where the Company intersected three potential reservoirs within the Red River Formations. A work over rig has been mobilized to the well site and operations are expected to begin today. The completions program is being run in conjunction with Axiom Explorations Ltd. of Saskatoon, Saskatchewan.
The completions program will perforate all three potential oil pay zones intersected in well 9B-5. The pay zones represent a total cumulative thickness of 8 meters and are situated within the Herald, Upper Yeoman and Lower Yeoman formations, all well-known historic oil producers throughout the Williston Basin.
The completions program will flow-test these formations and form the basis of a comprehensive development plan for the Bannock Creek project intended to maximize potential economics.
About Saturn Minerals Inc.
Saturn Minerals Inc. (TSX VENTURE: SMI)(FRANKFURT: SMK) is a junior Canadian energy company advancing a portfolio of oil and coal properties in Saskatchewan and Manitoba. The Company owns 376,800 acres of exclusive oil & gas rights in Saskatchewan and is advancing a number of oil exploration projects. Saturn has also made three shallow bituminous coal discoveries since 2009 with coal seams ranging in continuous vertical thickness from 9 to 89 meters. Saturn has a strategic ownership in Inowending Exploration & Development Corp., a First Nations owned exploration and development company co-founded by Saturn with a consortium of Saskatchewan First Nations active in Canada's prairie provinces.
On Behalf of the Board of Directors
SATURN MINERALS INC.
Stan Szary, Chief Executive Officer
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE
Contacts:
Saturn Minerals Inc.
+1 (604) 685-6989
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Datum: 01.03.2016 - 20:13 Uhr
Sprache: Deutsch
News-ID 454473
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VANCOUVER, BRITISH COLUMBIA
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Oil & Gas
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