[url=https://peketec.de/trading/viewtopic.php?p=2075688#2075688 schrieb:
zerberus schrieb am 25.05.2021, 17:31 Uhr[/url]"]Hallo,
ich habe noch ein paar Saturn Oil+Gas Aktien um die 9 Eurocents im Depot.... Das Unternehmen hat neulich sehr gute Nachrichten veröffentlicht.
Was denkt ihr, soll ich die Aktien halten?
Puuuh, da gab es ja vor kurzen news...
Aktienverwässerung & Schulden werden durch den Kauf deutlich erhöht.
SOIL letzter Finanzbericht ...zuletzt waren es laut Sedar Bericht 36 Mil. CAN$ Schulden.....bei 44 Mil. CAN$ Assets
Für mich stellt sich die Frage, ob SOIL zukünftig die Schulden bezahlen kann.
In der Berechnung gehen sie grds. kontinuierlich von einen
netback 28$ aus...
Ok, in den Jahren 1-4 werden 70%-50% der Produktion gehedged, was sicherlich zu mehr Sicherheit führt, die Schulden in den ersten Jahren deutlich zu reduzieren und zurück zu bezahlen.
Ich weiss nicht, warum jemand die Ölfelder aktuell mit so einer Netback Marge zu diesem Preis verkauft, aber wenn die Zahlen sich zukünftig so bestätigen, dann
halte ich SOIL auf diesem Niveau auf jedenfall nicht nur haltenswert, !!! (nur meine Meinung!!!)
Richtig interessant wird es natürlich nach ca. 2-3 Jahren nach der Schulden-Reduzierung und mit dem dann aktuellen Ölpreis.
Saturn Oil & Gas to acquire Oxbow assets for $93-million
2021-05-13 16:53 ET - News Release
Mr. John Jeffrey reports
SATURN OIL & GAS INC. ANNOUNCES TRANSFORMATIONAL LIGHT OIL ASSET ACQUISITION OF 6,700 BOE/D TO BECOME ONE OF THE LEADING PRODUCERS AND LAND HOLDERS IN SOUTHEAST SASKATCHEWAN
Saturn Oil & Gas Inc. has entered into an arm's-length definitive agreement to acquire assets in the Oxbow area of southeast Saskatchewan for approximately $93-million, financing for which is outlined herein.
Pursuant to the acquisition, Saturn will acquire approximately 6,700 barrels of oil equivalent per day (approximately 95 per cent light oil and liquids) with over 450 net sections of land, largely positioned across one of the most economic oil plays in North America. The acquisition enhances Saturn's financial and operational strength through the addition of a high-quality and very-low-decline (12 per cent) light oil asset base that is projected to generate robust free cash flow at current prices. The Oxbow assets produce primarily from the Frobisher and Midale formations and feature a sizable inventory of targets for workover, development and optimization. The Oxbow assets are expected to generate $65-million to $70-million in net operating income over the next 12 months.
"This acquisition is in our backyard in southeast Saskatchewan, furthering Saturn's strategy of building a scalable portfolio of free-cash-flow-generating assets that offer attractive opportunities to allocate capital for both near- and longer-term development while increasing our exposure to some of Canada's most highly economic plays," said John Jeffrey, chairman and chief executive officer of Saturn. "We believe the Oxbow assets -- purchased from a very experienced oil operator -- provide significant upside value with near-term recompletion and optimization opportunities as well as long-term growth from a deep inventory of booked and unbooked drilling locations on the properties. Pro forma the acquisition, we forecast 2021 average production of over 7,500 barrels of oil equivalent per day (91 per cent oil), which greatly enhances our business model and positions Saturn for significant free cash flow generation that can be directed to debt repayment and future growth opportunities that enhance shareholder returns. I would like to thank all of our employees and partners for their time and effort in supporting Saturn through this transformational period."
The acquisition will be financed through proceeds from an $82-million senior secured term loan, a best-effort agency private placement for aggregate gross proceeds of $6-million being led by Echelon Wealth Partners Inc. and a concurrent non-brokered private placement for aggregate gross proceeds of $15-million. Details of the senior secured term loan and the private placements are provided herein.
Strategic benefits and rationale for Saturn
The acquisition is aligned with Saturn's strategy to become a premier, publicly traded light oil producer through the acquisition and development of undervalued, low-risk opportunities to build a strong portfolio of cash-flowing assets with strategic development upside.
The highlights of the acquisition and the anticipated benefits associated with the Oxbow assets include, but are not limited to, the following:
Attractive purchase price with material asset expansion:
Approximately 6,700 barrels of oil equivalent per day (approximately 95 per cent light oil and liquids) of sustainable, reliable and high-working-interest production (88-per-cent working interest) that is 76 per cent operated;
Highly attractive purchase price of approximately 1.4 times cash flow, or approximately $14,000 per flowing barrel of oil equivalent;
Saturn's oil and gas production will increase by more than 2,000 per cent over current volumes while PDP (proved developed producing) reserves will grow more than 1,300 per cent over the company's year-end 2020 reserves;
Land base increases by 775 per cent with an increase in booked drilling locations of more than 180 per cent;
Conventional multizone asset base with large, identified low-risk drilling inventory and significant workover opportunities:
Concentrated in the Midale/Frobisher formations, the Oxbow assets provide exposure to highly economic light oil plays offsetting leading operators, with competitive forecast returns;
Large inventory of 244 booked and more than 200 unbooked locations supports long-term development;
Saturn has identified the potential to generate significant annual free cash flow through optimizing and recompleting more than 500 existing wellbores over the next three years;
Low capital expenditures required, with approximately $5-million of annual workover capex (capital expenditure) expected to offset low declines and grow annual production by approximately 200 barrels of oil equivalent per day;
Highly economic assets with attractive netbacks and free cash flow profile:
Expected to be highly accretive;
Highly productive wells with strong operating netbacks (over $28 per barrel of oil equivalent) and capital costs on new drills estimated at $920,000 per well, with per-unit royalties forecast at $7 to $8 per barrel of oil equivalent and operating costs of $5 to $7 barrel of oil equivalent on new drills within the first three years;
Locked-in area economics with approximately 70 per cent of forecast production hedged over the next year, 60 per cent for the second year and approximately 50 per cent for years 3 and 4 with incremental volumes from growth capital fully exposed to commodity prices;
Scale, strategic optionality and enhanced flexibility:
Expanded scale provides increased strategic optionality in adapting to operating and capital markets conditions and improves financial capacity due to increased cash flow generation;
Low leverage with pro forma debt to cash flow of approximately 1.7 at closing; Saturn anticipates being debt-free in 24 months based on current strip pricing;
The addition of another material core area provides improved flexibility in capital deployment can offer better returns on investment and robust returns for shareholders;
Scale provides opportunities for cost savings, along with greater operating efficiencies, to reduce per-unit production costs.
Pro forma numbers are based on pricing assumptions of a West Texas Intermediate price of $64.29 (U.S.) per barrel; a Mixed Sweet Blend/West Texas Intermediate differential of $5 (U.S.) per barrel; an AECO price of $2.80 per gigajoule; and a U.S.-dollar/Canadian-dollar exchange rate of $1.23.
The acquisition has an effective date of April 1, 2021, and is expected to close on or about May 31, 2021, subject to certain customary conditions and regulatory and other approvals.
Acquisition financing
Private placements
In connection with the acquisition, Saturn intends to complete a non-brokered private placement of special warrants by issuing an aggregate of 125 million special warrants at a price of 12 cents per special warrant for aggregate gross proceeds of $15-million. Each special warrant will be convertible into one unit of Saturn without payment of additional consideration and shall be deemed to have been converted on the earlier of: (a) four months and one day from the date of issuance; and (b) five days after receipt of a final receipt for a short form prospectus filed in compliance with applicable Canadian securities laws.
Each unit will comprise one common share and one warrant of the company, with each warrant entitling the holder thereof to purchase one common share in the capital of the company at an exercise price of 16 cents per warrant share for 24 months from date of issuance of the special warrant.
In addition, the company has engaged Echelon Wealth Partners Inc. to act as the lead agent and sole bookrunner to complete a concurrent $6-million best-effort agency private placement of 50 million subscription receipts at a price of 12 cents per subscription receipt. Upon satisfaction of the escrow release conditions, being the closing the acquisition, each subscription receipt will be automatically converted into one special warrant on the same terms as the special warrants mentioned herein.
The company has agreed to grant the agents an option, which will allow the agents to offer such number of additional subscription receipts as is equal to up to 15 per cent of the subscription receipts issued under the brokered private placement, having the same terms as the subscription receipts. The agent option may be exercised in whole or in part at any time up to two days prior to the closing of the brokered private placement.
The private placements will take place by way of a private placement pursuant to applicable exemptions from the prospectus requirements in the offered jurisdictions, and in those jurisdictions where the offering can lawfully be made, including the United States under private placement exemptions.
The company will use commercially reasonable efforts to prepare and file a preliminary short form prospectus in the provinces where the special warrants are sold, qualifying the distribution of the units and the compensation options (as defined herein), within 30 days after closing (as defined herein). The company has agreed to promptly resolve all comments received or deficiencies raised by the securities regulatory authorities and use its commercially reasonable efforts to file and obtain receipts for the final short form prospectus as soon as possible after such regulatory comments and deficiencies have been resolved.
In consideration for their services, certain advisers as well as the agents and certain finders will receive commissions as set forth as follows. The agents will receive a commission equal to 7 per cent of the gross proceeds of the brokered private placements and will issue such number of compensation special warrants equal to 7 per cent of the number of special warrants sold in the brokered private placement (subject to a reduced commission of 3 per cent cash and 3 per cent broker warrants payable on subscriptions sourced by the company). On the non-brokered private placement, certain finders will receive commissions of 6 per cent cash and 6 per cent compensation special warrants. In connection with the acquisition, certain advisers will also receive compensation special warrants. Each compensation special warrant will be exercisable into one compensation option, for no additional consideration, at any time after the closing, and each compensation special warrant not previously exercised shall be deemed exercised on the later of: (i) the day after a receipt is issued for a final prospectus qualifying the units for distribution in qualifying jurisdictions; and (ii) the date that is four months and one day following the closing. Each compensation option shall entitle the holder thereof to purchase one unit (on the same terms as the units mentioned herein) at an exercise price of 12 cents at any time up to 24 months following the closing.
The closing of the private placements is expected to occur in one or more tranches on or before May 31, 2021, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The special warrants and, unless their distribution is qualified by a final prospectus, the common shares and warrants comprising the units, the warrant shares, compensation special warrants and the securities underlying the compensation special warrants to be issued under the private placements will have a hold period of four months and one day from the closing date.
The proceeds of the private placements will be used to finance the cash deposit and the closing proceeds to the vendor pursuant to the terms of the acquisition and for general corporate purposes. Certain management and directors of Saturn have committed to subscribing for $560,000 of the non-brokered private placement.
On completion of the private placements, the company expects to have 409,573,715 common shares (basic) outstanding.
Senior secured term loan
Saturn has executed a commitment letter in respect of the senior secured term loan with a reputable U.S.-based institutional lender for proceeds of $82-million. The loan will bear interest at a rate of CDOR (Canadian-dollar offered rate) plus 11.5 per cent and will amortize over three years, with 50 per cent repayable in the first year, 30 per cent in the second year and 20 per cent in the final year. Based on forecast production rates and hedged commodity prices, Saturn anticipates repaying the loan in full well in advance of its scheduled amortization payments. The commitment of the lender is subject to the execution of mutually acceptable credit documentation giving effect to the terms provided in the commitment letter and the satisfaction of the other customary conditions to closing, including the satisfaction of all conditions to the completion of the acquisition.
Saturn's existing reserve-based revolving note facility will be amended to be senior secured notes, extended to November, 2024, and subordinated to the senior secured term loan, with interest payable 7.5 per cent cash and 7.5 per cent payment in kind. On the closing date, Saturn's total debt position is estimated to be approximately $108-million, representing approximately 1.4 times pro forma net operating income and approximately 1.7 times pro forma cash flow.
Advisers
Alvarez & Marsal Canada Securities ULC acted as exclusive financial adviser to Saturn with respect to the senior secured term loan and the acquisition.
Dentons Canada LLP acted as Saturn's legal counsel in connection with the acquisition, the private placements and the senior secured term loan.
About Saturn Oil & Gas Inc.
Saturn Oil & Gas is a public energy company focused on the acquisition and development of undervalued, low-risk assets. Saturn is driven to build a strong portfolio of cash-flowing assets with strategic land positions. Derisked assets and calculated execution will allow Saturn to achieve growth in reserves and production through retained earnings. Saturn's portfolio will become its key to growth and provide long-term stability to shareholders.
https://www.stockwatch.com/News/Item/Z-C!SOIL-3081383/C/SOIL
Guten Morgen! 
GAL.........wow
alles klar......Danke!
