SAEUF - Saturn Oil & Gas GAAP EPS of -C$3.63 revenue of C$69.12M

Saturn Oil & Gas press release (OTC:SAEUF): Q1 GAAP EPS of -C$3.63. Revenue of C$69.12M (+5136.4% Y/Y). Achieved record production with first quarter 2022 averaging production of 7,499 boe/d compared to 233 boe/d in the first quarter of 2021, an increase of 3,118%. Achieved operating netbacks for the three months ended March 31, 2022 of C$56.94 per boe compared to C$40.88 per boe in the first quarter of 2021.  The Company plans to operate two drilling rigs during this period with one rig for each of the core growth areas: the Oxbow Asset and the Viking Asset.

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Saturn Oil & Gas GAAP EPS of -C$3.63, revenue of C$69.12M