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Nick Mather, CEO, SolGold PLC

Nick Mather
CEO | SolGold PLC
1 King Street, EC2V 8AU London (GB)

emichael@solgold.com.au

+44 20 3823 2125

SolGold CEO Nick Mather on building a major gold and copper mining company


Jared Scharf, CEO, Desert Gold Ventures Inc.

Jared Scharf
CEO | Desert Gold Ventures Inc.
4770 72nd St,, V4K 3N3 Delta (CAN)

jared.scharf@desertgold.ca

Desert Gold Ventures CEO Jared Scharf on West Africa and its potential


Stephan Dorfmeister, Finance Department, Deep Nature Project GmbH

Stephan Dorfmeister
Finance Department | Deep Nature Project GmbH
Untere Hauptstraße 168, 7122 Gols (AT)

office@deep-nature.at

+43 681 10139055

Like Aurora Cannabis and Canopy Growth, Deep Nature Project GmbH focuses on value chain


03. June 2020 | 10:02 CET

BP, Saturn Oil & Gas, Shell - Revenue and profit increase significantly

  • Oil

The oil price continues to gain momentum and is still trading around 40% below the January 2020 level, and now the right stocks are in the spotlight. In addition to the well-known major oil producers such as BP and Shell, there are also successful producers who are not yet so well known, but who certainly have potential. Last night the young Canadian oil producer Saturn Oil & Gas published the results of the past fiscal year. Due to the Corona Pandemic, the company had postponed the release, which is currently nothing special and is officially made possible by an extended deadline.

time to read: 1 minutes by Mario Hose


 

First annual profit in company history

According to its financial statements, Saturn Oil & Gas increased its oil sales from CAD 4.5 million in 2018 to CAD 18.3 million in 2019, a increase of over 300%. For the first time in the company's history, an annual profit was reported. The Adjusted EBITDAX even reached a level of CAD 12.7 million. Saturn Oil & Gas earned more than CAD 820,000, compared to a loss of CAD 1.5 million in the previous year. The company is obviously on the road to success.

Reduction of production costs

Last year, Saturn Oil & Gas increased its average daily production from 233 barrels in 2018 to 766. On average, the company achieved a sales price of CAD 65.47 per barrel in 2019 compared to CAD 48.52 in the same period last year. In addition, the company achieved an operating netback of CAD 51.84 per barrel. In the previous year, this figure was CAD 30.22 per barrel, partly due to the low oil price.

Reserves were expanded

In 2019, Saturn Oil & Gas drilled 17 successful horizontal wells in the Viking Formation. The costs for the drilling and completion were CAD 17.53 million or an average of CAD 1.03 million per well. Despite the production of crude oil, the total proven and probable reserves (NPV-10) increased from CAD 91.37 million to CAD 111.65 million, representing a value of CAD 0.47 per share. In the stock market, the share price has already recovered to the level of the pre-Covid-19 period and yesterday closed at CAD 0.135 and a market value of CAD 31.67 million. In October 2018 the share was already trading at CAD 0.30.

Good oil from Canada

In addition to the positive economic development, the management of Saturn Oil & Gas is also addressing environmental protection issues and placing ESG at the forefront of its activities. Investors who believe that oil will continue to be needed in the coming years for a secure life in a modern society and at the same time want to position themselves in Canada, a country that respects human rights and environmental protection, should take a closer look at the Saturn Oil & Gas share.


Conflict of interest & risk note

In accordance with §34b WpHG we would like to point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH may hold long or short positions in the aforementioned companies and that there may therefore be a conflict of interest. Apaton Finance GmbH may have a paid contractual relationship with the company, which is reported on in the context of the Apaton Finance GmbH Internet offer as well as in the social media, on partner sites or in e-mail messages. Further details can be found in our Conflict of Interest & Risk Disclosure.


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24. September 2020 | 13:10 CET

BP, Saturn Oil & Gas, Shell: Citigroup and Goldman Sachs see oil price at USD 60

  • Oil

Oil producers may be facing an exciting turnaround. The experts from Citigroup and Goldman Sachs see the price of oil in 2021 already back at USD 60.00 per barrel or even above. The statements of the analysts are supported by the assumption that the current oversupply will have been reduced by then. The recovery of economies around the globe will bring demand for oil back to pre-corona pandemic levels by the end of 2021.

Read

21. August 2020 | 08:00 CET

BP, Saturn Oil & Gas, Shell - why this share is now interesting

  • Oil

The Corona pandemic is still keeping politics and business busy. The restrictions in everyday life are causing many changes for people. An end to the situation is not yet in sight and therefore great hope is being placed in the development of a vaccine against Covid-19. Those who want to position themselves for the time after this phase have excellent opportunities with the oil sector, one of the largest markets in the world.

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19. June 2020 | 07:42 CET

BP, Saturn Oil & Gas, Shell - China's oil imports at new record high

  • Oil

The Corona Pandemic has turned the world upside down in many areas in recent months. The energy sector has not been able to escape the changes. First the demand for crude oil collapsed and then production was cut back. In the meantime, restrictions around the globe are being eased again and there are still opportunities to position oneself to benefit from the post-Corona upswing. The habits of the population in big cities have changed. Public transport is being avoided due to the risk of infection and instead cars are being moved more. In China, an average of 11.34 million barrels of crude oil were imported per day in May 2020. This record value exceeds the previous record from November 2019 by around 160,000 barrels per day.

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