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Saturn Oil & Gas (TSX:SOIL) Sets Ambitious Production Target, eyes CAD 620- 658 million EBITDA in FY25
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Highlights
Saturn Oil & Gas Inc. (TSX:SOIL) is a resource company based in Canada with a primary focus on its oil and gas properties in Saskatchewan. It specializes in acquiring, exploring, and developing petroleum and natural gas deposits. Its market cap is CAD 460.84 million.
In the second quarter of 2024, the company reported a revenue of CAD 186.0 million, up from CAD 162.2 million in the previous corresponding period. This 14.7% increase in revenue was mainly due to higher production levels and realised prices. Total expenses decreased slightly to CAD 137.3 million, down from CAD 140.9 million in Q2 2023.
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