Saturn Oil & Gas moves to buy remaining Burgess Creek shares after securing 99.7% stake

Reuters2026/08/07 20:02

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Saturn Oil & Gas moved to acquire the remaining Burgess Creek Exploration common shares via a compulsory process following its takeover bid.
Saturn has taken up and paid for 133,408,948 shares, representing more than 99.7% of Burgess Creek’s outstanding common shares.
Cash consideration for the remaining shares is expected to be paid on or about Aug. 26, 2026.
Burgess Creek is privately held, 97% light oil and liquids weighted, with assets in Saturn’s core southeast Saskatchewan Oxbow area.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Saturn Oil & Gas Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608071600NEWSFILECNPR____20260807_308660_1) on August 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Saturn Oil & Gas moves to buy remaining Burgess Creek shares after securing 99.7% stake

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