Saturn Oil & Gas Inc 2026 Guidance and Budget Transcript
Good morning ladies and gentlemen. Welcome to the Saturn Oil and Gas 2026 guidance and budget conference call. (Operator Instructions)
I will now turn the meeting over to Mr. John Jeffrey, CEO of Saturn. Please go ahead, John.
Thank you and good morning, everyone. We appreciate you joining us to hear more about Saturn's disciplined 2026 budget and guidance released yesterday afternoon. In addition, we have posted a guidance presentation on our website that is intended to provide further context around our development program for the coming year.
Given the current commodity price environment, Saturn's '26 budget is structured to minimize capital spending and preserve the value of our asset base so we don't produce excessive reserves into a discounted market.
This has resulted in Saturn setting a '26 capital expenditure budget between $180 million and $190 million with over 80% of that being directed to drilling, completion, equipment tie-in activities, with
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