Saturn Oil & Gas Inc Q3 2024 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Amir Arif - HTV capital - Analyst : Thanks. Good Morning guys. A couple of questions. One, just around the hedging the, the oneoff hedges just curious. Was that limited based on the cash flow you had or are there any additional legacy hedges that you do plan on closing in future quarters, or have you closed?

Question: Amir Arif - HTV capital - Analyst : And I appreciate that John. And so, but generally speaking, the future hedges you are layering on, they're all generally going to be more cars. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. NOVEMBER 06, 2024 / 3:00PM, SOIL.TO - Q3 2024 Saturn Oil & Gas Inc Earnings Call

Question: Amir Arif - HTV capital - Analyst : Okay. That sounds good. And then just a second question, just on the capital, the pace of capital spending in the first half of the year, the company was smaller. It was about$ 50 million spent second half, there's about $170 million spent coming. So just curious if you have the systems in place and the staff to efficiently be deploying this larger pace of capital that you're starting to run with. Now, given the size of the company.

Question: Amir Arif - HTV capital - Analyst : Sounds good. Thanks.

Question: Adam Gill - Venom Financial - Analyst : Hey, good morning guys. So just on the tuck in acquisitions, how active do you expect it to be on the smaller acquisition front? You know, is, is there a limit in terms of how much you want to spend on that and how full is the slate of opportunities for you to make these t deals?

Question: Adam Gill - Venom Financial - Analyst : Great. Thanks John. Second question on the open hole multilateral drilling. You've obviously started to apply that outside of the Balkan play. So first off, do you see that mainly as a boost to economics or as expanding the location opportunities? And then secondly, how many employees have you identified as potential candidates for this development technique?

Question: Adam Gill - Venom Financial - Analyst : And just with that spearfish location, would that have been slated for a regular a regular, you know, single lateral, do lateral, horizontal well. But just given the incentives now, now you're going to go with the six leg.

Question: Adam Gill - Venom Financial - Analyst : It sounds good. That's it for me. Thank you. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. NOVEMBER 06, 2024 / 3:00PM, SOIL.TO - Q3 2024 Saturn Oil & Gas Inc Earnings Call

Question: Christopher - Eight Capital - Analyst : Good morning and thanks for taking my question. So Saturn discussed about validating a stratigraphic trend between East Plato and Plato. Could you please discuss a little bit more on what you're seeing with this trend and what it could mean for Viking development if it's proved to be a successful trend?

Question: Amir Arif - HTV capital - Analyst : All right.

Question: Jose Sanchez - Kasar investment - Analyst : Hi, how are you? I'm pretty glad to see that we are unwinding our hedge books and especially the swaps. Maybe you can provide more more color on what are the flow expected on the next 12 months? How much will be lost due to the new hedges? The figures that I can find online are not updated with the new head book.

Question: Jose Sanchez - Kasar investment - Analyst : And you're working with an WTI baseline.

Question: Jose Sanchez - Kasar investment - Analyst : Thank you. And my last question will be about water flowing. We are using water flowing in several of our fields. Great results. Can you maybe give us more color about how much of our wells are actually using water flood and how much could we expand that number to? How much can we maximize that?