– CANADA, Calgary – Saturn Oil & Gas Inc. (TSX: SOIL | FSE: SMK) today announced the appointment of Jim Payne to its Board of Directors.
“We are delighted to welcome Jim to our board of directors during this very exciting time for Saturn,” said John Jeffrey, Saturn’s CEO. “As we continue to implement strategies underpinning our ESG commitment, having Jim on board will be key as we navigate the responsible development of our resources. We look forward to leveraging his experience and global focus to help companies, including Saturn, reduce their carbon footprint.”
The Company also announces the resignation of Scott Newman as COO and a Director, effective immediately. Saturn thanks Mr. Newman for his contributions to the Company and wishes him well in his future endeavors.
About Jim Payne
Mr. Payne is currently CEO of dynaCERT Inc., a Canadian company that specializes in delivering Carbon Emission Reduction Technologies to the global marketplace. He brings more than 38 years of experience in strategic leadership roles within both public and private companies, corporate governance, finance and accounting, capital markets, executive leadership and business performance improvements. With dynaCERT’s dedication to the development of innovative solutions for a carbon-restricted economy, Mr. Payne and his team are promoting positive climate change impacts with their patented proprietary commercialized HydraGENä Technology that Saturn believes will be instrumental to further advance the Company’s environmental, social and governance initiatives.
Mr. Payne also serves as CEO of a privately-held consulting, project management and real estate development company operating in the Greater Toronto Area.
Mr. Payne said, “dynaCERT is very pleased to count Saturn and its management as one of its many important junior oil & gas sponsors in Canada, especially at a time when the significant imperatives of ESG are a major focus for governments, consumers and investors. I am looking forward to supporting Saturn and its CEO, John Jeffrey, in fostering the Company as a responsible citizen in the global carbon reduction community, side-by-side with the professional international dynaCERT team.”
Mr. Payne graduated from St. Clair College in Construction Engineering, Project Management and Estimating.
About Saturn Oil & Gas Inc.
Saturn Oil & Gas Inc. is a public energy Company focused on the acquisition and development of undervalued, low-risk assets. Saturn is driven to build a strong portfolio of cash flowing assets with strategic land positions. De-risked assets and calculated execution will allow Saturn to achieve growth in reserves and production through retained earnings. Saturn’s portfolio will become its key to growth and provide long-term stability to shareholders.
For more information: http://www.saturnoil.com
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