Saturn Oil & Gas (SOIL) Corporate presentation summary

Asset base and strategy

• Three core operating areas across 1.5MM acres; Q2 2026 production was 41,447 boe/d, with ~23% decline, ~3.3K identified locations and ~20-year development inventory.

• More than 80% weighted to light oil and liquids; type-curve outperformance was 23% in 2025 and 22% in 2024.

• Value-creation blueprint: acquire mid-life assets, optimize costs and margins, develop reserves and free funds flow, then target net debt of ≤1.0x adjusted EBITDA 12–18 months post-close.

Acquisition-led growth

• Six significant acquisitions totaling ~$1.9B supported production growth and a 2026 exit target of 54,000–56,000 boe/d.

• Announced Corex acquisition adds ~7,000 bbl/d of 100% light oil for $302MM; cited ~1.6x cash flow multiple, ~$192MM run-rate NOI and ~$6MM annual efficiency synergies.

• Burgess Creek and Triland added ~3,700 boe/d, ~97% light oil and liquids, with >400 gross identified locations and $7MM of identified synergies.

• Corex lifts the 2026 exit production target to 54,000–56,000 boe/d; the 2027 exit leverage target remains below 1x.

Development and operating performance

• 2026 plan includes 37 OHML wells and >20% of development capital allocated to OHML; >450 SE Saskatchewan OHML locations identified, excluding Corex.

• Conventional Mississippian and Spearfish wells represented 9 of the 10 most capital-efficient wells drilled in 2025; 36 conventional wells were planned for 2026.

• Net operating costs declined from $27.53/boe in 2021 to $19.09/boe in 2025, driven by lower fees, maintenance, utilities, rentals, field and labour costs.

• Q2 2026 production was 41,447 boe/d, up from 40,417 boe/d YoY; petroleum and natural gas sales were $358.7MM versus $236.7MM, and adjusted funds flow was $122.6MM versus $108.9MM.