Presentation Outline 1) Management 2) The Williston Basin: Central & Southern 3) The Williston Basin: Northern 4) The Williston Basin: Northern Projects 5) Northern Projects: Exploration Model 6) Northern Projects: Economic Model…
1) Management Executive President & CEO: Stan Szary, BA Director: Stefan Szary, BA Director: Will Elston CFO: Scott Davis, CPA Advisory Board: Marlene Lumberjack, LLB Dedicated Consultants Petroleum Geophysics: Chris…
2) The Williston Basin The Williston Basin is a succession of sedimentary Current production is predominantly from the central rocks which contain some of the worlds largest and southern parts of the basin, and Benteck Energy…
2) The Williston Basin: Central & Southern Light Oil Production & Projection: 2008 2025 Projected 2,000,000 Barrels per day* * North Dakota Dept. of Mineral Resources * North Dakota Pipeline Authority * North Dakota Industrial…
3) The Williston Basin: Northern Oil fields exploring the northern Williston Basin 376,000 acres of oil & gas rights early evidence of total petroleum systems conventional oil prospects = Saturn project area = oil…
3) The Williston Basin: Northern Saturn lands are composed of two blocks lands were acquired in 2011 after establishing compelling evidence of a Petroleum System in place 376,000 total acres of oil & gas rights…
4) The Williston Basin: Northern Projects SEP-72 Bannock Creek 120,000 acres SEP-71 Little Swan 250,000 acres Northern Basin SEPs are the largest oil & gas permits issued by the Saskatchewan government and are specifically…
5) Northern Projects: Exploration Model At least 7 known Williston Basin oil & gas reservoirs exist in the northern Williston. Each of these reservoirs are known to produce commercial quantities of oil & gas in the central and southern…
5) Northern Projects: Exploration Model Oil already shown to be present in middle pay zones In late 2010, a wildcat well was drilled south of Saturn lands by a Nordic Oil & Gas based on a single strike line of 2D seismic. The well…
5) Northern Projects: Exploration Model Exploration Model & Objective MODEL: The Red River play types that have been prosperous in southeastern Saskatchewan should extend considerable distances to the north, as well as throughout…
6) Northern Projects: Economic Model Tyvan pool 13
6) Northern Projects: Economic Model Chapleau Lake pool 14
6) Northern Projects: Economic Model Montmarte pool 15
6) Northern Projects: Economic Model 16
7) SEP-72, Bannock Creek Project 17
7) SEP-72, Bannock Creek Project Partner: Yes Ownership: Saturn: 50% Partner: 50% EP-72 Bannock Creek 120,000 acres Terms: Working interest Partner Team: Murray Swanson Don Wright Corbin Blume Former executive team of Reliable…
7) SEP-72, Bannock Creek Project FIRST SEISMIC PROGRAM - OBJECTIVE Find something 2012 seismic line 19
7) SEP-72, Bannock Creek Project FIRST SEISMIC PROGRAM RESULT A large structure at Winnipeg Sandstone/Basement & Devonian Duperow/Souris River intervals with significant faulting resembles the Tyvan Oil Pool 2012 seismic…
7) SEP-72, Bannock Creek Project SECOND SEISMIC PROGRAM - OBJECTIVE Expand on structure, establish closure 2012 seismic line 2013 seismic lines 21
7) SEP-72, Bannock Creek Project SECOND SEISMIC PROGRAM - RESULT 2013 seismic shows further shows structure at Winnipeg Sands/Basement and Devonian Duperow/Souris River intervals with significant faulting that increasingly resembles…
7) SEP-72, Bannock Creek Project SECOND SEISMIC PROGRAM - OBJECTIVE Confirm closure on 1,980 acre target Expand on second structure, establish closure 2012 seismic line 2013 seismic lines 2014 seismic lines 23
7) SEP-72, Bannock Creek Project SECOND SEISMIC PROGRAM - RESULT 1,920-acre sized anticlinal target is shown to have three way closure, requires additional seismic to completely confirm northern closure 2012 seismic line 2013…
7) SEP-72, Bannock Creek Project 1,920-acre target South closed East closed West closed North seismic to confirm 480-acre target South closed East closed West closed North closed DRILL READY TARGET 25
8) SEP-71, Little Swan Project 26
8) SEP-71, Little Swan Project Partner: Yes. EP-71 Little Swan Ownership: Saturn: 25% 250,000 acres Bayhorse: 25% Partner: 50% Terms: Partner: Working interest Bayhorse: Farm In Bayhorse Farm-In: 50,000 non-refundable deposit…
9) First Nations Since 2009, Saturn has worked in A direct result of this approach has tandem with the Saulteaux and Cree been the co-founding of Inowending First Nations of eastern Saskatchewan Exploration & Development Corp., a…
10) Coal Asset Since 2011 Saturn has also made three significant coal discoveries in its project area, including an 89 metre thick continuous coal seam beginning at 12 metres depth Coal quality ranges up to 10,300 BTU and is…
11) Corporate Structure Share Capital Structure Market capitalization: 19.1 million Total shares outstanding: 116.4 million Total warrants outstanding: 13.3 million Total options outstanding: 13.1 million Debt: nil Fully…
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