Saturn Oil & Gas Inc. (SOIL:CA) Discusses 2026 Capital Budget, Development Strategy and Flexible Asset Management Transcript

Core Viewpoint - Saturn Oil and Gas has announced a disciplined budget for 2026, focusing on minimizing capital spending and preserving asset value in the current commodity price environment [2]. Group 1: 2026 Budget Overview - The 2026 capital expenditure budget is set between $180 million and $190 million, with over 80% allocated to drilling, completion, and equipment tie-in activities [2]. - The company plans to drill 105 gross or 78 net wells in 2026 [2]. Group 2: Free Funds Flow and Financial Strategy - The budget aims to optimize free funds flow generation, with a forecasted yield between 25% and 35% for 2026 [3]. - Free funds flow will be directed towards ongoing debt repayment, with additional amounts allocated for share buybacks or opportunistic acquisitions at attractive metrics [3]. - The $185 million capital program represents a 27% decrease from the previous budget [3].