Saturn oil & gas announces corporate update highlighted by increased 2025 forecast production, reduced capital expenditures, strategic tuck-in activity and appointment of independent board member, lynn peterson

Year-to-date asset outperformance, opportunistic tuck-in acquisitions and land expansion in southeast saskatchewan drove capital expenditure reduction and increased 2025 forecast production, with no impact to previously guided leverage metrics 2025 exit production forecast at 43,000 to 44,000 boe/d (1) , a 12% increase over the midpoint of original annual production guidance of 38,000 to 40,000 boe/d (1) , while forecast 2025 annual average production per share increases 8% over previous estimates budgeted development capital expenditures (3) reduced 18% to $245 to $265 million from $300 to $320 million, with year end 2025 forecast leverage ratios remaining as guided at 1.2 to 1.4 times net debt to adjusted ebitda (3) appointment of lynn a. peterson, former executive chair of chord energy corporation (nyse: chrd), to saturn's board of directors calgary, alberta--(newsfile corp. - september 8, 2025) - saturn oil & gas inc. (tsx: soil) (otcqx: oilsf) ("saturn" or the "company"), a light oil-weighted producer focused on unlocking value through the development of assets in saskatchewan and alberta, is pleased to announce a corporate update which reflects saturn's year-to-date operational outperformance, including new drill volumes that have averaged nearly 1,000 boe/d higher than original forecasts; a $50 to $60 million reduction in our 2025 capital expenditure(3) budget; the pro-forma impact of tuck-in acquisition activity; and the expansion of our saskatchewan land base, supporting further open hole multi-lateral ("ohml") development in the bakken.
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