Saturn Oil & Gas Inc. Announces Q1 2020 Results - Seite 2

March 31,  ($, except per unit amounts) 2020 2019 Financial     Oil revenue 3,165,453 4,579,854   Net income 657,851 1,638,776     Per share – basic & diluted 0.00 0.01 Sales Volumes     Crude oil (bbls/d) 706 806 Natural gas (Mcf/d) - - Natural gas liquids (bbls/d) - - Total (bbls/d) 706 806 % liquids 100 % 100%

	Three months ended March 31,
	2020	2019
Average Realized Prices
Crude Oil ($/bbl)	49.24	63.11
Natural gas ($/Mcf)	-	-
Natural gas liquids ($/bbl)	-	-
Total ($/bbl)	49.24	63.11
Operating Netback1 ($/bbl)
Realized price	49.24	63.11
Royalties	1.86	2.43
Operating costs	10.37	11.43
Operating netback1	37.00	49.25
Realized gain (loss) on derivative instruments	4.48	(0.41)
Operating netback, after realized gain (loss) on derivative instruments	41.48	48.84

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