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Saturn Minerals Inc V.SMI

Sector: Energy | Sub-Sector: Oil & Gas E&P

Saturn Minerals Inc ia an exploration stage company engaged in acquiring, exploring, evaluating and developing economically viable energy and resource deposits in Canada.
Price: $0.18 | Change: $0.00 | %Change: 0.00%
Volume: 26,000 | Day High/Low: 0.18/0.17 | 52 Week High/Low: 0.235/0.11
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0 stars

RE:RE:Saturn News: NeoM hired as new drilling consultant...

The update is only clear about the fact that they have abandoned this hole and would communicate to the market how they will proceed once they make that determination. Why would they wait until fall...read more
5 stars

RE:Saturn News: NeoM hired as new drilling consultant...

Reading the update it's clear they are walking away from the hole and I expect this fall another attempt will be made . Data and money are key moving forward. If they need more funds this stock is...read more
5 stars

RE:RE:The new reality is.........

Will probably mud up right from the start or 100 meters down with a high viscosity and lots of lcm and sawdust. Not the first time and wont be the last...unfortunate though. Could be second chance to...read more
5 stars

RE:The new reality is.........

They can move the rig as little as 3 meters, or much more, and start a new hole.They can utilize a different type of bit, make power end adjustments ....torque, speed, etc..... and try different chems...read more
5 stars

RE:RE:RE:The new reality is.........

But 4 times ? What kind of drill did they use ? What size of hole ? And on and on ?  Were was the Conpany man and rig manger ? Lots of unknowns and nobody wants to take the fall... I predict this...read more
0 stars

RE: RE: REALITY

For those in the know, is it possible to drill from the same bore hole and side track the well before the sand layer and once that is done, continue according to original plan?  rate and reply
5 stars

RE:RE:The new reality is.........

This is Not Unusual.  What is unusual is trying more than once to try and drill through the sand before using lost circulation material. I am assuming they did this because they did not think the...read more
0 stars

RE:RE:The new reality is.........

I'm pretty sure that 500+ isn't anywhere near a million dollars. Rather than fear mongering I suggest everyone sit tight and see what unfolds. It's usually never as bad as it appears!  rate and reply
5 stars

RE:The new reality is.........

Lots of information we do not have, just one..... We lost the hole and the question now is who has another million bucks?  rate and reply
0 stars

RE:The new reality is.........

How many times does this happen? If this is unusual then they will not re-drill this hole. It would be better to carry on to the other proposed drill holes.  rate and reply
5 stars

The new reality is.........

Who would have thought this would happen. As I had said, it's calculated gambling and now we are playing against the odds. Maybe driller incompetence, maybe just bad luck. Either way we need this hole...read more
5 stars

RE:great opportunity to pick up more!!

I would not buy more now. First the Company has to announce what their decision will be before any buying is done. Its all down hill until that happens.  rate and reply
1 star

RE:great opportunity to pick up more!!

Will See how fast they will recover... It depends on how fast they will retry  rate and reply
0 stars

great opportunity to pick up more!!

LOL Panic selling should be done soon,,,, wish I had more money to buy... thats was a good opportunity to pick up more....  rate and reply
5 stars

RE:RE:RE:RE:RE:RE:RE:The reality is...........

Not a good day to be the driller , loosing circulation 4 times  was the hope to push thru? No question they still can spud another well, it's the 500 k plus costs that sucks .. Still holding on.  rate and reply
1 star

RE:RE:RE:RE:RE:RE:The reality is...........

It's funny that you only post when something's went bad or share price is down. Why we never hear something from you when good news are released or share price is up? Why you never comment the fact...read more
0 stars

RE:RE:RE:RE:RE:The reality is...........

Hey buddy, why do you always try to discuss EOG on the SMI board? And how do you come to the conclusion that this stock is my favourite? Pure guessing, sensless talking? I can asure you a) it is not...read more
0 stars

Wow.What an over reaction.

Its not like they packed up and left .Its just a setback.  rate and reply
0 stars

RE:The truth will be known soon!

stencil1 wrote: However, as we wait for the outcome of hole #1, they will have proceeded with hole #2 and onward to #3. We are all now hoping that there is AT LEAST a hole #2, eh? Two will get you one...read more
3 stars

RE:RE:RE:RE:The reality is...........

How is your favourite stock EOG doing? Still see them 95 % from high... Still in profits with SMI even i didn't like the news... Next time they will be more carefull, just a delay of a few weeks to...read more