Saturn Minerals Inc. (TSXV:SMI) announced that it’s received oil saturation and porosity results from drill core taken from its 9B-5 wildcat well at the Saskatchewan-based Bannock Creek property.

As quoted in the press release:

Saturn has identified a 3.5 meter section of core as its current primary target for completions. Results from the core analysis reported an average oil saturation of 57% throughout the 3.5 meter section, with the top 1.7 meters averaging 60% oil saturation. Complementary to the oil saturations, porosity values ranged from 12% to 18% through the primary target zone. While the Company had anticipated high porosity from the dolomitic limestone frequently encountered in this part of the Williston Basin, oil saturation percentages exceeded expectations for development.

Permeability and oil API of the target zone are still being analyzed. Drill core analysis is proceeding methodically so as to properly and accurately assess the characteristics of the reservoir for completions. Saturn’s technical team are to design an effective completions plan to maximize potential economics. The Company expects the final core results before the end of February, subsequent to which Saturn intends to complete and flow-test the well. Flow-testing results are expected by late March 2016.

Click here to read the full Saturn Minerals Inc. (TSXV:SMI) press release.

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