To: Goose94 who wrote (9118 ) 12/10/2014 10:44:11 AM From: Goose94 Respond to Historically, Saskatchewan has been known as a producer of wheat, potash, and uranium. But during the past few years it has also shown signs of becoming an emerging energy player in North American due to the fact that northern part of Williston Basin resides in that province. The Williston Basin, a large sedimentary basin beneath Saskatchewan, Manitoba, Montana and North Dakota, has quickly become the fastest growing, financed, onshore hydrocarbon producing regions in the world since 2006, with an estimated 24 billion barrels of recoverable oil reserves valued at $2.4 trillion, this according to Continental Resources (CLR-NY) CEO Harold Hamm. And, the northern part of that basin in eastern Saskatchewan is considered by some to be one of the last highly accessible, on-shore oil and gas areas in North America, so much so that other Canadian oil companies such as Husky Energy (HSE-T) and Cenovous Energy (CVE-T) have already made early moves into the region.Saturn Minerals Inc. (SMI-V) has a big stake in the success of this region with 376,800 acres of exclusive oil & gas rights in the Williston Basin. In fact, according to the company, it has two of the largest oil blocks in that area. Saturn is actively exploring for new pools of hydrocarbons similar to those in the extended region and has a strong technical consulting team with a history of 70 successful wells of production just south in the Basin.
