Saturn Oil & Gas Completes Acquisition of Burgess Creek Exploration Shares
Calgary-based Saturn Oil & Gas Inc. (TSX: SOIL) has successfully acquired over 99.7% of the common shares of Burgess Creek Exploration Inc., a privately held oil and gas company, through its previously announced offer. The offer expired on August 17, 2026, and Saturn will now use compulsory acquisition provisions to purchase the remaining outstanding shares.
Under the terms of the Compulsory Acquisition, shareholders who did not participate in the initial offer will receive the same consideration per share as paid during the original offer. This payment is expected to be made on August 26, 2026, and shareholders must submit a letter of transmittal along with their certificates representing their common shares to the depositary by that date.
Saturn Oil & Gas Inc. is a light oil-weighted producer focused on developing assets in Saskatchewan and Alberta. The company's portfolio includes free-cash flowing, low-decline operated assets in these regions, providing a deep inventory of long-term economic drilling opportunities.