SATURN MINERALS
DRILLS for COAL
and FINDS OIL
Saturn
Minerals
Inc.
[SMITSXV; SMK-FSE] is focused on
exploring the Northern Williston Basin
in Saskatchewan. The company owns
370,000 acres of exclusive oil and gas
rights and is advancing several oil
exploration projects in the region.
On February 13, Saturn announced
the start of a 2013 seismic acquisition
program on its Little Swan (just completed) and Bannock Creek properties.
The results will help target the drilling
of vertical exploration wells. Pending
the completion of financing, the company plans to drill four exploratory
wells and one deep well.
"This seismic survey is the first genuine oil and gas focused exploration work
in this part of Saskatchewan," stated
Stan Szary, President and CEO. "The
data acquired will be proprietary and
a major exploration asset when measured against the oil seeps and oil source
rock discoveries we've made in the past
18 months. We're extremely happy to
be working with the team at Vector
Exploration who have understood the
structure and upside of this play from
day one, and have a proven track record
of identifying and drilling successful
prospects."
In October 2012, the company
announced the discovery of a 2.65
metre-thick layer of oil source rock
while undertaking a coal drilling
program at its Rat Creek property in
western Manitoba. The Williston Basin
is known to host recoverable oil reserves
of 24 billion barrels.
Saturn has made three shallow bituminous coal discoveries in
Saskatchewan and Manitoba since 2009
with coal seams ranging in continuous
vertical thickness from 9 to 89 metres.
These projects are currently on the back
burner while the company works on
their new oil discovery. n
M AY 2 0 1 3
"Sintana is excited to joint venture
with ExxonMobil on VMM-37 in
Colombia - that includes P50 resource
estimates of 700 Million BOE."
Doug Manner, CEO
Exploring A Better Way
sintanaenergy.com
Sintana-RW-thirdpg Ad-SE 12-12.indd 1
12/7/12 11:21 AM
www.resourceworld.com 49
