Saturn Oil & Gas Inc. announced a strong production rate exiting 2019 as a result of its successful fourth quarter of 2019 capital program. During the last half of December, Saturn brought on production four (4.0 net) extended-reach horizontal (“ERH”) Viking light oil wells, which led to a strong 2019 exit rate.  Based on field estimates, Saturn exited the year with production over 1,200 bbls/d, exceeding its previous 1,000 bbls/d forecast and contributing to a December monthly average of just under 800 bbls/d. During the execution of its Fourth Quarter 2019 drilling program, Saturn continued to improve its capital efficiency and achieved average per well costs to drill, complete, equip and tie-in (“DCET”) of $970,000, over 5% lower than well costs originally budgeted by the Company. The company also pleased to announce its anticipated first quarter 2020 drilling program, which will include the DCET of four (4.0 net) ERH Viking light oil wells designed to build on the successful results realized by the Company in fourth quarter of 2019.