Saturn Minerals Inc. (TSXV: SMI.V) and Vector Exploration Corp. amended an existing farm-in agreement for oil and natural gas permits in eastern Saskatchewan’s portion of the Williston Basin, Saturn said May 27.
The permits cover EP-71 and EP-72, the Little Swan and Bannock Creek properties, the company said.
The new joint venture’s (JV) terms have both companies holding 50% working interest in both projects, Saturn added. The JV is subject to approval by the TSX Venture Exchange and by both companies’ boards of directors, Saturn noted.
Also, an area of ...