Saturn Oil & Gas Inc. acquires all issued and outstanding common shares of Burgess Creek Exploration Inc.
On July 27, 2026, Saturn Oil & Gas Inc. ("Saturn") announced that holders representing more than 99% of the outstanding common shares of Burgess Creek Exploration Inc. ("Burgess Creek") had accepted its offer to acquire all issued and outstanding common shares of Burgess Creek. Saturn extended the offer until August 6, 2026, as required under applicable Canadian securities laws, and intends to acquire any remaining common shares through the compulsory acquisition provisions of Alberta's Business Corporations Act.
Headquartered in Calgary, Alberta, Burgess Creek is an oil and liquids producer with assets in southeast Saskatchewan and southwest Manitoba.
Saturn is a light oil-weighted producer based in Calgary, Alberta, with assets in Saskatchewan and Alberta.
McCarthy Tétrault LLP advised Saturn with a team led by Jack Schroder that included Ty Buhler, Conrad Parken, Jon Brisebois, Ashley Wilson (Business), Dominic Thérien, Vivian Ng (Competition/Antitrust and Foreign Investment), Matthew Kraemer, Mike Hegedus, Daniel Downie (Tax), and Selina Lee-Andersen (Environmental).
