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ih777ih999 GREEN LAKE, Wis. (AP) — A Wisconsin man who faked his own drowning this summer and left his wife and three children has been located in Eastern Europe and is communicating with law enforcement, but he has not committed to returning home, authorities said. Ryan Borgwardt began communicating with authorities Nov. 11, after they tracked him down, Green Lake County Sheriff Mark Podoll said Thursday. The sheriff showed a video that Borgwardt sent police that day from an undisclosed location. The sheriff said no charges have been filed and that he doesn't think they will be necessary while authorities “keep pulling at his heartstrings” to come home. Here are some things to know about Borgwardt and his disappearance: Who is he? Borgwardt, who is in his mid-40s, lived with his wife and children in Watertown, a city of about 23,000 people northwest of Milwaukee that is known for its German heritage, parochial schools and two dams on the Rock River. When did he disappear? The sheriff has said his department was told Aug. 12 that Borgwardt had not been heard from since the previous day, when he traveled about 50 miles (80 kilometers) from home to Green Lake to go kayaking. Borgwardt’s wife said he texted her at 10:49 p.m. to say he was heading to shore. How was the search conducted? Deputies found Borgwardt’s vehicle and trailer near Green Lake. His kayak was discovered on the lake, overturned and with a life jacket attached to it, in an area where the water is about 200 feet (60 meters) deep. An angler later found Borgwardt’s fishing rod. The search for his body continued for more than 50 days, with divers scouring the lake on several occasions. How did authorities find Borgwardt? Clues — including that he reported his passport lost or stolen and obtained a new one a few months before he disappeared — led investigators to speculate that he made it appear that he had drowned to go meet a woman he had been communicating with in the Central Asian country of Uzbekistan. Podoll declined to comment when asked what he knew about the woman, but he said law enforcement contacted Borgwardt “through a female that spoke Russian.” His identity was confirmed through asking him questions that the sheriff said only Borgwardt would know and by a video he made and sent them Nov. 11. He has spoken with someone from the sheriff's department almost daily since. However Podoll said Thursday that Borgwardt's exact location in Eastern Europe was not known. Why are U.S. authorities struggling to pinpoint his location? Podoll said Chief Deputy Matt Vande Kolk has been the one communicating with Borgwardt and their conversations have all taken place via email. Vande Kolk told The Associated Press in an email Friday that authorities are trying to determine Borgwardt's exact location. But that might not be easy even with modern surveillance technology. Scott Shackelford, executive director of the Center for Applied Cybersecurity Research at Indiana University, said authorities should be able to locate Borgwardt through his device's internet protocol address, a unique number assigned to every device connected to the internet. But he said it's very easy to mask an IP address and make it appear as if the device is in one country when it's really in another. Software exists that can route your IP address across the globe, Shackelford said. Police may not have the expertise, the manpower or any interest in digging through multiple layers of cyber deception, he said. What was in the video Borgwardt sent to law enforcement? Wearing an orange T-shirt, Borgwardt, unsmiling, looks directly at the camera, apparently filmed on a cellphone. Borgwardt says he is in his apartment and briefly pans the camera, but mostly shows a door and bare walls. “I’m safe and secure, no problem,” he says. How did he fake his death? Borgwardt has told authorities he overturned his kayak on the lake, dumped his phone in it and paddled an inflatable boat to shore. He told authorities he chose Green Lake because it is Wisconsin's deepest at 237 feet (over 72 meters). He then rode an electric bike stashed by a boat launch about 70 miles (110 kilometers) through the night to Madison, the sheriff said. From there, by Borgwardt's account, he traveled by bus to Detroit and then Canada, where he boarded a plane. Police are still verifying Borgwardt’s description of what happened, Podoll said. Why did he do it? Borgwardt faked his death and fled because of “personal matters,” thinking it was the right thing to do, the sheriff said. Investigators found that he took out a $375,000 life insurance policy in January for his family. “He was just going to try and make things better in his mind, and this was the way it was going to be,” Podoll said. What's next? Borgwardt has not yet decided to return home, and if he does it will be of his own free will, according to Podoll. Deputies are stressing to him the importance of returning home and cleaning up the mess he made. The sheriff suggested that Borgwardt could be charged with obstructing the investigation into his disappearance, but so far no counts have been filed. The search for Borgwardt, which lasted more than a month, is said to have cost at least $35,000. Borgwardt told authorities that he did not expect the search to last more than two weeks, Podoll said, and his biggest concern is how the community will react to him if he returns. This story was updated to correct the spelling of Scott Shackelford’s last name, which had been misspelled “Shackleford.” Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Subscribe to stay connected to Tucson. A subscription helps you access more of the local stories that keep you connected to the community. Stay up-to-date on what's happening Receive the latest in local entertainment news in your inbox weekly!Furthermore, the integration of copyrighted elements, such as the design and concept of the Gatling gun, into depictions of historical figures like Cao Cao raises concerns about intellectual property rights and potential violations of copyright laws. 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"Our development capital expenditures(2) budget of $300 to $320 million is targeting stable production averaging 38,000-40,000 boe/d(1) in 2025 (the "2025 Budget"), approximately 85% of which is oil and liquids, with ongoing margin improvements through cost optimization, capitalizing on synergies, and streamlining operational processes to deliver greater value per barrel," said John Jeffrey, Chief Executive Officer of Saturn. "Our focus on increasing free funds flow supports a systematic reduction in leverage ratios over time, underpins opportunistic tuck-in acquisitions, and enables the Company to continue enhancing per share metrics. Over the next three years, we intend to build on the 2025 Budget and drive free funds flow generation with net debt reduction, reflecting Saturn's commitment to sustainable value creation." 2025 BUDGET HIGHLIGHTS Over 70% of our 2025 Budget is expected to be deployed during the second half of the year (37% in Q3 and 34% in Q4), with 24% weighted to Q1 and the balance in Q2, reflecting the seasonal impacts of spring break-up. Given this cadence, production volumes are anticipated to be highest in Q1 and Q4, while free funds flow is anticipated to be highest in Q2 given the low capital spending in that period. Through 2025, Saturn intends to direct free funds flow to net debt reduction, maximizing share buybacks under the current normal course issuer bid, and pursuing core-up acquisitions, all of which are intended to improve per share metrics and underpin long-term sustainability. Our 2025 corporate guidance estimates may fluctuate with commodity prices and / or regulatory changes and are designed to provide readers with information relevant to Management's expectations for financial and operating results during the year. Saturn is also pleased to confirm an accompanying 2025 Guidance Presentation is available for viewing or download from our website . Our returns-focused 2025 Budget is designed to enhance margins and maximize adjusted funds flow ("AFF") and free funds flow. In addition, approximately $15 million is expected to be allocated to capitalized administrative costs, approximately $14 million to asset retirement obligations and $15 million related to lease payments associated with a gas processing contract in 2025. Cash taxes in 2025 are anticipated at approximately $8 million. Sensitivities Saturn's forecasted funds flow is most sensitive to changes in crude oil prices. Saturn estimates that each additional US$5/bbl increase in the US$ WTI oil price would provide an incremental approximately $35 million in AFF(2). Annualized sensitivity analysis on AFF(2), estimated for 2025: 2025 CAPITAL PROGRAM DETAILS A summary of Saturn's 2025 capital plans by area follows, which remains subject to change through the year should operating conditions fluctuate. Southeast Saskatchewan West Saskatchewan Central Alberta OPERATIONS UPDATE Saturn has continued to enhance production efficiency and well performance across our core areas, resulting in positive operational performance since the update provided in our Q3/24 press release . Southeast Saskatchewan We currently have three drilling rigs active in this area which will continue into 2025, two of which are drilling Bakken wells at Viewfield. Since 2023, Saturn has extended the lengths of our Viewfield OHML Bakken wells. Initially drilled at 1-mile laterals, these wells were increased to 1.5-miles, and in 2024 the Company drilled two, 2-mile open hole eight-leg Bakken wells. Consistent with our Saturn Blueprint described below, we successfully expanded the use of multilateral technology to the Company's legacy Spearfish land base, where we drilled Canada's first six-leg by 1-mile multilateral Spearfish well. Saturn's third rig has been steadily drilling in Flat Lake and is now on the seventh and final 2-mile well to conclude the 2024 program. We also successfully drilled the first ever mono-bore Torquay well at Flat Lake, saving capital costs while materially increasing capital efficiencies. The Company continues to advance our waterflood at Flat Lake with the conversion of ten legacy Torquay producer wells to waterflood injection wells, adding pressure support to the formation and building up five pre-pressurized Bakken inventory locations we plan to drill in 2026. West Saskatchewan The Company has finalized our 2024 drilling program in this area. Saturn drilled 15 net operated Viking wells that are on production (plus seven additional non-operated drills); one disposal well; and our first four net Lower Shaunavon wells at Battrum/Butte, which are currently being completed. In addition, the Company commissioned a stripping station facility in the Battrum Units, which increases fluid processing capacity, optimizing pumping conditions and enhancing production from numerous wells in the Battrum field. Our drilling success in the Viking Plato field through the latter half of 2024 drove the Company to construct a new battery and gathering system for the area, which are expected to reduce current and future field operating expenses as well as lower emissions. Central Alberta Saturn recently concluded drilling the final well of a four-well pad at Lochend, which includes the longest Cardium well drilled on record in Canada, at 7,570m of total well length. Not only is this accomplishment a testament to our team's technical capabilities, it also demonstrates Saturn's culture of innovation and commitment to improving economics. While longer lateral lengths are technically more challenging, drilling extended reach horizontals meaningfully improves capital efficiencies in the Cardium, and can be utilized across other plays and assets within our portfolio. The pad at Lochend is expected to undergo completions through the end of 2024 and into early 2025, with initial production anticipated to come online in mid-Q1/25. The drilling rig from Lochend was relocated up to West Pembina to drill one final well that concludes our Central Alberta 2024 program, culminating in a total of 16 net wells being drilled in 2024, including 12 in the Cardium and four in the Montney oil window. THREE-YEAR OUTLOOK Aligned with our 2025 Budget, Saturn is pleased to present a three-year outlook spanning 2025 to 2027 (the "Outlook"). This Outlook highlights our commitment to long-term resilience, financial strength, and focus on deploying our Saturn Blueprint to maximize free funds flow while continuing to mitigate risks and enhance financial flexibility. To protect our balance sheet and reduce exposure to market volatility, Saturn actively hedges and has 55-60% of oil and liquids volumes (net of royalties) contracted on a rolling forward 12-month basis. Additionally, we have locked in USD/CAD exchange rates at 1.33935 to secure predictable principal and interest payments on our Senior Unsecured Notes issued in June 2024 (the "Senior Notes") for the next three years, safeguarding the Company from currency fluctuations. Strategic pillars of our Outlook include the following, assuming a constant US$70.00/bbl WTI price: Deploying the Saturn Blueprint Our disciplined Saturn Blueprint represents a repeatable strategy of acquiring undervalued mid-life cycle assets that were non-core to other operators, yet have significant untapped development and optimization potential when integrated within our portfolio. Since 2021, Saturn has completed four transformative acquisitions funded through a prudent mix of equity and debt. Today we have a robust, oil-weighted asset base comprised of low-risk, high-return, mid-life cycle properties featuring a long runway of capital-efficient production enhancement projects. By applying the Company's operational expertise and leveraging our extensive infrastructure, we are able to drive down costs, improve capital efficiencies and add incremental reserves, followed by a steady reduction in leverage metrics. We see significant potential to continue unlocking value, increasing free funds flow and driving growth by consistently executing the Saturn Blueprint. Our southeast Saskatchewan area provides a clear demonstration of the Blueprint in action. Since integrating the assets, Saturn's utilization of OHML technology in the Bakken has significantly expanded our drilling inventory, increased reserves, and added a material quantum of net present value to the assets that was not reflected in the purchase price. Further, this provided proof-of-concept to replicate our OHML development strategy in other areas across our portfolio, including the Spearfish, where we anticipate realizing similar value creation. Saturn's Blueprint also prioritizes financial flexibility by targeting to be under 1.0 times net debt to Adjusted EBITDA(2) in the 12 to 18 months following each transaction. All of the Company's outstanding debt, comprised of US$650 million Senior Notes, has been termed out for five years to mid-2029. As such, the Senior Notes eliminate any near-term maturity concerns, have no restrictive financial maintenance covenants and have successfully lowered our borrowing costs by approximately 40%. Through an annual 10% prepayment schedule (2.5% quarterly) of the Senior Notes, Saturn systematically reduces debt, and has further liquidity available with $113 million in cash (as of Q3 2024) and a fully undrawn $150 million credit facility. NOTES (1) See reader advisory: Supplemental Information Regarding Product Types. (2) See reader advisory: Non-GAAP and Other Financial Measures. (3) 2025 Pricing assumptions: WTI crude oil of US$70.00 /bbl; US$13.00/bbl WCS differential; US$3.50/bbl MSW differential; CAD/USD exchange rate of 0.72x; AECO price of C$2.50/GJ. (4) Based on 193 million weighted average basic common shares outstanding. (5) Based on midpoint production of 39,000 boe/d. ABOUT SATURN Saturn is a returns-driven Canadian energy company focused on the efficient and innovative development of high-quality, light oil weighted assets, supported by an acquisition strategy targeting accretive and complementary opportunities. The Company's portfolio of free-cash flowing, low-decline operated assets in Saskatchewan and Alberta provide a deep inventory of long-term economic drilling opportunities across multiple zones. With an unwavering commitment to building an entrepreneurial and ESG-focused culture, Saturn's goal is to increase per share reserves, production and cash flow at an attractive return on invested capital. The Company's shares are listed for trading on the TSX under ticker 'SOIL', on the OTCQX under the ticker 'OILSF' and the Frankfurt Stock Exchange under symbol 'SMKA'. Further information and our corporate presentation are available on Saturn's website at . INVESTOR & MEDIA CONTACTS John Jeffrey, MBA - Chief Executive Officer Tel: +1 (587) 392-7900 Cindy Gray, MBA - VP Investor Relations Tel: +1 (587) 392-7900 ... READER ADVISORIES Non-GAAP and Other Financial Measures Throughout this news release and in other materials disclosed by the Company, Saturn employs certain measures to analyze financial performance, financial position and cash flow. These non-GAAP and other financial measures do not have any standardized meaning prescribed by IFRS and therefore may not be comparable to similar measures provided by other entities. The non-GAAP and other financial measures should not be considered to be more meaningful than GAAP measures which are determined in accordance with IFRS, such as net income (loss), cash flow from operating activities, and cash flow used in investing activities, as indicators of Saturn's performance. The disclosure under the section "Non-GAAP and Other Financial Measures" including non-GAAP financial measures and ratios, capital management measures and supplementary financial measures in the Company's condensed consolidated interim Financial Statements and MD&A are incorporated by reference into this news release. This news release may use the terms "Adjusted EBITDA", "Adjusted Funds Flow", "Net Debt", "Free Funds Flow", "Net Debt to Annualized Adjusted EBITDA" and "Net Debt to Annualized Quarterly Normalized AFF" which are capital management financial measures. See the disclosure under "Capital Management" in our Condensed consolidated interim Financial Statements and MD&A for the nine months ended September 30, 2024, for an explanation and composition of these measures and how these measures provide useful information to an investor, and the additional purposes, if any, for which management uses these measures. Capital Expenditures Saturn uses development capital expenditures to monitor its capital investments relative to those budgeted by the Company on an annual basis. Saturn's capital budget excludes acquisition and disposition activities as well as the accounting impact of any accrual changes or payments under certain lease arrangements. Development capital expenditures in this press release are calculated as expenditures on exploration and evaluation assets, property plant and equipment and excludes the impact of capitalized administrative costs. Adjusted EBITDA The Company considers Adjusted EBITDA to be a key capital management measure as it was used within certain financial covenants prescribed under the Company's previous Senior Term Loan and demonstrates Saturn's standalone profitability, operating and financial performance in terms of cash flow generation, adjusting for interest related to its capital structure. Adjusted EBITDA is defined by the Company as earnings before interest, taxes, depreciation, amortization and other non-cash or extraordinary items. Adjusted EBITDA is presented both before and after derivatives to identify the impact of WTI commodity contracts hedges in place. Adjusted Funds Flow The Company considers adjusted funds flow to be a key capital management measure as it demonstrates Saturn's ability to generate the necessary funds to manage production levels and fund future growth through capital investment. Adjusted funds flow is calculated as cash flow from operating activities before changes in non-cash working capital, decommissioning expenditures and transaction costs. Management believes that this measure provides an insightful assessment of Saturn's operations on a continuing basis by eliminating certain non-cash charges, actual settlements of decommissioning obligations, of which the nature and timing of expenditures may vary based on the stage of the Company's assets and operating areas, and transaction costs which vary based on the Company's acquisition and disposition activity. Free Funds Flow The Company considers free funds flow to be a key capital management measure as it is used to determine the efficiency and liquidity of Saturn's business, measuring its funds available after capital investment available for debt repayment, pursue acquisitions and gauge optionality to pay dividends and/or return capital to shareholders through share repurchases. Free funds flow is calculated as Adjusted funds flow in the period less expenditures on property, plant and equipment and exploration and evaluation assets, together "capital expenditures". By removing the impact of current period capital expenditures from adjusted funds flow, management monitors its free funds flow to inform its capital allocation decisions. Net Debt Net debt is a key capital management measure as it is used to assess the ongoing liquidity of the Company. Net Debt is calculated as the carrying value of the Senior Notes, less adjusted working capital including cash. The Company closely monitors its capital structure with a goal of maintaining a strong balance sheet to fund the future growth of the Company. Net Debt to Adjusted EBITDA Management considers Net Debt to Adjusted EBITDA an important measure as it is a key metric to identify the Company's ability to fund financing expenses, net debt reductions and other obligations. When this measure is presented quarterly, Adjusted EBITDA is annualized by multiplying by four. When this measure is presented on a trailing twelve-month basis, Adjusted EBITDA for the twelve months preceding the net debt date is used in the calculation. Net Debt to Adjusted EBITDA is calculated as Net Debt divided by annualized Adjusted EBITDA. Net Operating Expenses Net operating expense is calculated by deducting processing income primarily generated by processing third party production at processing facilities where the Company has an ownership interest, from operating expenses presented on the statement of income (loss). Where the Company has excess capacity at one of its facilities, it may process third-party volumes to reduce the cost of ownership in the facility. The Company's primary business activities are not that of a midstream entity whose activities are focused on earning processing and other infrastructure-based revenues, and as such third-party processing revenue is netted against operating expenses in the MD&A. This metric is used by management to evaluate the Company's net operating expenses on a unit of production basis. Net operating expense per boe is a non-GAAP financial ratio and is calculated as net operating expense divided by total barrels of oil equivalent produced over a specific period of time. Operating Netback and Operating Netback, Net of Derivatives The Company's operating netback is determined by deducting royalties, net operating expenses and transportation expenses from petroleum and natural gas sales. The Company's operating netback, net of derivatives is calculated by adding or deducting realized financial derivative commodity contract gains or losses from the operating netback. The Company's operating netback and operating netback, net of derivatives are used in operational and capital allocation decisions. Presenting operating netback and operating netback, net of derivatives on a per boe basis is a non-GAAP financial ratio and allows management to better analyze performance against prior periods on a per unit of production basis. Supplemental Information Regarding Product Types References to gas or natural gas and NGLs in this press release refer to conventional natural gas and natural gas liquids product types, respectively, as defined in National Instrument 51-101, Standards of Disclosure for Oil and Gas Activities, except where specifically noted otherwise. 2025 average production, and the three year Outlook forecast average production at the midpoint of the guidance range, is anticipated to be comprised of approximately 85% crude oil and NGLs and 15% natural gas. Boe Presentation Boe means barrel of oil equivalent. All boe conversions in this news release are derived by converting gas to oil at the ratio of six thousand cubic feet ("Mcf") of natural gas to one barrel ("Bbl") of oil. Boe may be misleading, particularly if used in isolation. A Boe conversion rate of 1 Bbl : 6 Mcf is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio of oil compared to natural gas based on currently prevailing prices is significantly different than the energy equivalency ratio of 1 Bbl: 6 Mcf, utilizing a conversion ratio of 1 Bbl : 6 Mcf may be misleading as an indication of value. Forward-Looking Information and Statements. Certain information included in this press release constitutes forward-looking information under applicable securities legislation. Forward-looking information typically contains statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "project", "scheduled", "will" or similar words suggesting future outcomes or statements regarding an outlook. Forward-looking information in this press release may include, but is not limited to: guidance relating to fiscal year 2025 including the amount of capital expenditures, the timing of capital expenditures, the Company's expected 2025 average production, quarterly fluctuations in production, the Company's average decline rate, anticipated 2025 financial metrics including Adjusted EBITDA, AFF, Free Funds Flow and year end Net Debt; the Company's anticipated use of available funds; the expected number of wells to be drilled at certain of the Company's locations in 2025; the allocation of the Company's expected 2025 capital expenditure budget to certain areas; expectations regarding the Company's waterflood plan and the timing for drilling Bakken inventory locations; reductions in operating costs and emissions resulting from the Viking Plato battery; the successful deployment of extended reach horizontal drilling in certain of the Company's locations; the Company's three year Outlook, including average annual production, reinvestment and capital allocation plans; free funds flow and forecast per share metric growth and net debt; the successful replication of OHML drilling in other of the Company's areas; the Company's drilling and development plans; target production and debt levels; margin improvements through cost optimization; capitalizing on synergies and streamlining operational processes; type-curve performance; expectations regarding netbacks, capital allocations, hedging strategy, capital return strategy and plans; the business plan; acquisition strategy; commodity and foreign exchange pricing; value creation strategy and cost model of the Company. The forward-looking statements contained in this press release are based on certain key expectations and assumptions made by Saturn, including expectations and assumptions concerning: the timing of and success of future drilling, the ability to successfully replicate certain strategies across the Company's other areas; development and completion activities, the performance of existing wells, the performance of new wells, the availability and performance of facilities and pipelines, the ability to allocate capital to pay down debt and grow or maintain production, the impact of our hedging strategy, the geological characteristics of Saturn's properties, the application of regulatory and licensing requirements, the availability of capital, labour and services, the creditworthiness of industry partners and the ability to integrate acquisitions. Although Saturn believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Saturn can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual plans and results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), constraints in the availability of services, commodity price and exchange rate fluctuations, actions of OPEC and OPEC+ members, changes in legislation impacting the oil and gas industry, adverse weather or break-up conditions and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. These and other risks are set out in more detail in Saturn's interim Management Discussion and Analysis for the three and nine months ended September 30, 2024 and Annual Information Form for the year ended December 31, 2023, available on SEDAR+ at sedarplus . Forward-looking information is based on a number of factors and assumptions which have been used to develop such information, but which may prove to be incorrect. Although Saturn believes that the expectations reflected in its forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because Saturn can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified in this press release, assumptions have been made regarding and are implicit in, among other things, our capital expenditure and drilling programs, drilling inventory and booked locations, production and revenue guidance, debt repayment plans and future production and growth plans. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which have been used. The forward-looking information contained in this press release is made as of the date hereof and Saturn undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forward-looking information contained in this press release is expressly qualified by this cautionary statement. This news release contains future-oriented financial information and financial outlook information (collectively, "FOFI") about Saturn's prospective results of operations including, without limitation, the Corporation's capital expenditures, production, asset retirement obligations, lease payments and administrative costs, all of which are subject to the same assumptions, risk factors, limitations, and qualifications as set forth above. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on FOFI. Saturn's actual results, performance or achievement could differ materially from those expressed in, or implied by, these FOFI, or if any of them do so, what benefits Saturn will derive therefrom. Saturn has included the FOFI in order to provide readers with a more complete perspective on Saturn's future operations and such information may not be appropriate for other purposes. Saturn disclaims any intention or obligation to update or revise any FOFI statements, whether as a result of new information, future events or otherwise, except as required by law. All dollar figures included herein are presented in Canadian dollars, unless otherwise noted. To view the source version of this press release, please visit SOURCE: Saturn Oil & Gas Inc. MENAFN16122024004218003983ID1108999775 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

ComBank to take advanced agriculture to Sri Lankan farmers, village by village

Red Rock ETF's Total Size Surpasses 71.1 Billion RMB Leading Product Breaks 20 Billion RMB Mark

COPPER MOUNTAIN, Colo. — For a pair of lower-level downhill events, this sure had plenty of Olympic medal-capturing and World Cup-winning ski racers. The stage belonged to Lindsey Vonn, the 40-year-old who took another step on her comeback trail Saturday with her first races in nearly six years. Vonn wasn't particularly speedy and finished in the middle of the pack on a cold but sunny day at Copper Mountain. Times and places weren't the mission, though, as much as getting used to the speed again and gaining the necessary points to compete on the World Cup circuit this season. Vonn accomplished both, finishing 24th in the first downhill race of the day and 27th in the second. She posted on social media after the FIS races that she had enough points to enter World Cup events. The timing couldn't be more perfect — the next stop on the women's circuit is Beaver Creek, Colorado, in a week. Vonn, who used to own a home in nearby Vail, hasn't committed to any sort of timetable for a World Cup return. “Today was a solid start and I had a blast being in start with my teammates again!” Vonn wrote on X. “While I’m sure people will speculate and say I’m not in top form because of the results, I disagree. This was training for me. I’m still testing equipment and getting back in the groove.” Lindsey Vonn reacts after her run at a downhill skiing race at Copper Mountain Ski Resort on Saturday in Copper Mountain, Colo. Her competition — a veritable who's who of high-profile ski racers — applauded her efforts. “I don't expect her to come back and win — just that she comes back and she has fun,” said Federica Brignone of Italy, a former overall World Cup champion and three-time Olympic medalist. “She's having fun, and she’s doing what she loves. That’s the best thing that she could do.” In the first race on a frigid morning, Vonn wound up 1.44 seconds behind the winning time of 1 minute, 5.79 seconds posted by Mirjam Puchner of Austria. In her second race through the course later in the morning, Vonn was 1.53 seconds behind Cornelia Huetter of Austria, who finished in 1:05.99. Huetter is the reigning season-long World Cup downhill champion. “It’s really nice to compare with her again, and nice to have her (racing) again,” Huetter said. “For sure, for the skiing World Cup, we have a lot of more attention. It's generally good for all racers because everyone is looking.” Also in the field were Nadia Delago of Italy, who won a bronze medal in downhill at the 2022 Beijing Olympics, and Puchner, the Olympic silver winner in super-G in Beijing. In addition, there was Marta Bassino of Italy, a winner of the super-G at the 2023 world championships, and two-time Olympic champion Michelle Gisin of Switzerland. “For me, it was really a training, but it was fun to have a World Cup race level right here,” Gisin said. “It was a crazy race.” Vonn remains a popular figure and took the time after each run to sign autographs for young fans along with posing for photos. Lindsey Vonn competes in a downhill skiing race at Copper Mountain Ski Resort on Saturday in Copper Mountain, Colo. When she left the sport, Vonn had 82 World Cup race victories, which stood as the record for a woman and within reach of the all-time Alpine record of 86 held by Swedish standout Ingemar Stenmark. The women’s mark held by Vonn was surpassed in January 2023 by Mikaela Shiffrin, who now has 99 wins — more than any Alpine ski racer in the history of the sport. Shiffrin is currently sidelined after a crash in a giant slalom event in Killington, Vermont, last weekend. Vonn’s last major race was in February 2019, when she finished third in a downhill during the world championships in Sweden. The three-time Olympic medalist left the circuit still near the top of her game. But all the broken arms and legs, concussions and torn knee ligaments took too big a toll and sent her into retirement. She had a partial knee replacement last April and felt good enough to give racing another shot. “It's very impressive to see all the passion that Lindsey still has,” Gisin said. Also racing Saturday was 45-year-old Sarah Schleper, who once competed for the United States but now represents Mexico. Schleper was the next racer behind Vonn and they got a chance to share a moment between a pair of 40-somethings still racing. “I was like, ‘Give me some tips, Lindsey,’” Schleper said. “She’s like, ‘Oh, it’s a highway tuck, the whole thing.’ Then she’s like, ‘It’s just like the good old days.’" Buffalo Bills quarterback Josh Allen, foreground right, dives toward the end zone to score past San Francisco 49ers defensive end Robert Beal Jr. (51) and linebacker Dee Winters during the second half of an NFL football game in Orchard Park, N.Y., Sunday, Dec. 1, 2024. (AP Photo/Adrian Kraus) Houston Rockets guard Jalen Green goes up for a dunk during the second half of an Emirates NBA cup basketball game against the Minnesota Timberwolves, Tuesday, Nov. 26, 2024, in Minneapolis. (AP Photo/Abbie Parr) South Carolina guard Maddy McDaniel (1) drives to the basket against UCLA forward Janiah Barker (0) and center Lauren Betts (51) during the first half of an NCAA college basketball game, Sunday, Nov. 24, 2024, in Los Angeles. (AP Photo/Eric Thayer) Mari Fukada of Japan falls as she competes in the women's Snowboard Big Air qualifying round during the FIS Snowboard & Freeski World Cup 2024 at the Shougang Park in Beijing, Saturday, Nov. 30, 2024. (AP Photo/Andy Wong) LSU punter Peyton Todd (38) kneels in prayer before an NCAA college football game against Oklahoma in Baton Rouge, La., Saturday, Nov. 30, 2024. LSU won 37-17. (AP Photo/Gerald Herbert) South Africa's captain Temba Bavuma misses a catch during the fourth day of the first Test cricket match between South Africa and Sri Lanka, at Kingsmead stadium in Durban, South Africa, Saturday, Nov. 30, 2024. (AP Photo/Themba Hadebe) Philadelphia Eagles running back Saquon Barkley, left, is hit by Baltimore Ravens cornerback Marlon Humphrey, center, as Eagles wide receiver Parris Campbell (80) looks on during a touchdown run by Barkley in the second half of an NFL football game, Sunday, Dec. 1, 2024, in Baltimore. (AP Photo/Stephanie Scarbrough) Los Angeles Kings left wing Warren Foegele, left, trips San Jose Sharks center Macklin Celebrini, center, during the third period of an NHL hockey game Monday, Nov. 25, 2024, in San Jose, Calif. (AP Photo/Godofredo A. Vásquez) Olympiacos' Francisco Ortega, right, challenges for the ball with FCSB's David Miculescu during the Europa League league phase soccer match between FCSB and Olympiacos at the National Arena stadium, in Bucharest, Romania, Thursday, Nov. 28, 2024. (AP Photo/Andreea Alexandru) Seattle Kraken fans react after a goal by center Matty Beniers against the San Jose Sharks was disallowed due to goaltender interference during the third period of an NHL hockey game Saturday, Nov. 30, 2024, in Seattle. The Sharks won 4-2. (AP Photo/Lindsey Wasson) New York Islanders left wing Anders Lee (27), center, fight for the puck with Boston Bruins defensemen Parker Wotherspoon (29), left, and Brandon Carlo (25), right during the second period of an NHL hockey game, Wednesday, Nov. 27, 2024, in Elmont, N.Y. (AP Photo/Julia Demaree Nikhinson) Jiyai Shin of Korea watches her shot on the 10th hole during the final round of the Australian Open golf championship at the Kingston Heath Golf Club in Melbourne, Australia, Sunday, Dec. 1, 2024. (AP Photo/Asanka Brendon Ratnayake) Lara Gut-Behrami, of Switzerland, competes during a women's World Cup giant slalom skiing race, Saturday, Nov. 30, 2024, in Killington, Vt. (AP Photo/Robert F. Bukaty) New York Islanders goaltender Ilya Sorokin cools off during first period of an NHL hockey game against the Boston Bruins, Wednesday, Nov. 27, 2024, in Elmont, N.Y. (AP Photo/Julia Demaree Nikhinson) Brazil's Amanda Gutierres, second right, is congratulated by teammate Yasmin, right, after scoring her team's first goal during a soccer international between Brazil and Australia in Brisbane, Australia, Thursday, Nov. 28, 2024. (AP Photo/Pat Hoelscher) Luiz Henrique of Brazil's Botafogo, right. is fouled by goalkeeper Everson of Brazil's Atletico Mineiro inside the penalty area during a Copa Libertadores final soccer match at Monumental stadium in Buenos Aires, Argentina, Saturday, Nov. 30, 2024. (AP Photo/Natacha Pisarenko) England's Alessia Russo, left, and United States' Naomi Girma challenge for the ball during the International friendly women soccer match between England and United States at Wembley stadium in London, Saturday, Nov. 30, 2024. (AP Photo/Kirsty Wigglesworth) Minnesota Vikings running back Aaron Jones (33) reaches for an incomplete pass ahead of Arizona Cardinals linebacker Mack Wilson Sr. (2) during the second half of an NFL football game Sunday, Dec. 1, 2024, in Minneapolis. (AP Photo/Abbie Parr) Melanie Meillard, center, of Switzerland, competes during the second run in a women's World Cup slalom skiing race, Sunday, Dec. 1, 2024, in Killington, Vt. (AP Photo/Robert F. Bukaty) Get local news delivered to your inbox!

In a devastating turn of events, Haiti has been plunged into chaos as a wave of large-scale violence has left at least 184 people dead. The country, already grappling with political instability and economic challenges, now faces the aftermath of a brutal and senseless tragedy that has shocked the nation and the world.On one side, we have Jack Ma, the charismatic and visionary founder of Alibaba Group. With his bold and daring ideas, Ma has transformed the e-commerce landscape, revolutionizing the way we shop and do business online. His relentless pursuit of innovation and his unyielding optimism have made him a global icon of entrepreneurship. Like a power plant, he generates energy and momentum, driving his company and the industry forward with a fierce determination.

By Suleiman Al-Khalidi and Timour Azhari AMMAN/BEIRUT/CAIRO (Reuters) -Syrian rebels declared they had ousted President Bashar al-Assadafter seizing control of Damascus on Sunday, forcing him to flee and ending his family's decades of autocratic rule after more than 13 years of civil war in a seismic moment for the Middle East. The Islamist rebels also dealt a major blow to the influence of Russia and Iran in Syria in the heart of the region - allies who had propped up Assad during critical periods in the conflict. Israeli Prime Minister Benjamin Netanyahu said Assad's fall was a direct result of blows dealt by Israel to Iran and its ally Hezbollah. The rebels said they had entered the capital with no sign of army deployments. Thousands of people in cars and on foot congregated at a main square in Damascus waving and chanting "Freedom" from a half century of Assad family rule, witnesses said. People were seen walking inside the Al-Rawda Presidential Palace, with some leaving carrying furniture from inside. The rebels said prisoners had been freed from a large jail on the outskirts of Damascus where the Syrian government detained thousands. "We celebrate with the Syrian people the news of freeing our prisoners and releasing their chains," the rebels said. Leading rebel commander Abu Mohammed al-Golani said there was no room for turning back and the group was determined to continue the path they started in 2011 during the Arab Spring uprisings. "The future is ours," he said in a statement read on Syria's state TV after his forces took over Damascus. French President Emmanuel Macron said "the barbaric state has fallen" and paid tribute to the Syrian people. DAUNTING TASK AHEAD When the celebrations fade, Syria's new leaders will face the daunting task of trying to deliver stability to a diverse country with competing factions that will need billions of dollars in aid and investments to rebuild. One possible challenge could be a resurgence of Islamic State militants. During its prime, the group imposed a reign of terror in large swathes of Syria and Iraq and directed external operations before it was defeated by a U.S.-led coalition. Underscoring the lightning changes, Iran's embassy was stormed by Syrian rebels, Iran's English-language Press TV reported. Lebanese-based Hezbollah, which provided crucial support to Assad for years, withdrew all of its forces from Syria on Saturday as rebel factions approached Damascus, two Lebanese security sources told Reuters on Sunday. Assad, who had not spoken in public since the sudden rebel advance a week ago, flew out of Damascus for an unknown destination earlier on Sunday, two senior army officers told Reuters. His whereabouts now - and those of his wife Asma and their two children - were unknown. The Russian Foreign Ministry said Assad had left office and departed the country after giving orders there be a peaceful handover of power. The Syrian rebel coalition said it was continuing work to complete the transfer of power in the country to a transitional governing body with full executive powers. "The great Syrian revolution has moved from the stage of struggle to overthrow the Assad regime to the struggle to build a Syria together that befits the sacrifices of its people," it added in a statement. As Syrians expressed joy, Prime Minister Mohammad Ghazi al-Jalali called for free elections. Jalali also said he had been in contact with Golani to discuss managing the transitional period, marking a notable development in efforts to shape Syria's political future. The collapse of Assad's rule followed a shift in the balance of power in the Middle East after many leaders of Hezbollah, a lynchpin of Assad's battlefield force, were killed by Israel over the past two months. Russia, a staunch Assad ally, intervened decisively in 2015 to help Assad during Syria's civil war. But it has been tied down by the Ukraine war. US TO MAINTAIN PRESENCE Syria's civil war, which erupted in 2011 as an uprising against Assad's rule, dragged in a string of outside powers, created space for jihadist militants to plot attacks around the world and sent millions of refugees into neighbouring states. The frontlines were dormant for years. Then Islamists who had once been affiliated with Al Qaeda suddenly burst into action in late November. The pace of events stunned Arab capitals and raised concerns about a new wave of instability in a region already in turmoil following the eruption after the Hamas-led attack on Israel on Oct. 7, 2023, and the ensuing Gaza war. It marks a turning point for Syria, shattered by years of war which has turned cities to rubble and killed hundreds of thousands of people. Western governments, which have shunned the Assad-led state for years, must decide how to deal with a new administration in which a globally designated terrorist group - Golani's Hayat Tahrir al-Sham (HTS) - looks set to have influence. The United States will continue to maintain its presence in eastern Syria and will take measures necessary to prevent a resurgence of the Islamic State, Deputy Assistant Secretary of Defense for the Middle East Daniel Shapiro said at a conference in Manama on Sunday. Turkish Foreign Minister Hakan Fidan said "terrorist organisations" must not be allowed to take advantage of the situation in Syria and called for caution. HTS, which spearheaded the rebel advances across western Syria, was formerly an al Qaeda affiliate until its leader Golani severed ties with the global jihadist movement in 2016. "The real question is how orderly will this transition be, and it seems quite clear that Golani is very eager for it to be an orderly one," said Joshua Landis, a Syria expert and Director of the Center for Middle East Studies at the University of Oklahoma. "They are going to have to rebuild ... they will need Europe and the U.S. to lift sanctions," Landis added. HTS is Syria's strongest rebel group and some Syrians remain fearful it will impose draconian Islamist rule or instigate reprisals. Countries like the United Arab Emirates and Egypt, both close U.S. allies, see Islamist militant groups as an existential threat, so HTS may face resistance from the regional heavyweights. In the Manama conference, Anwar Gargash, the diplomatic advisor to the United Arab Emirates president, said a main concern for that country is "extremism and terrorism." Israel, which is likely to celebrate the fall of its enemy Assad after it severely weakened its other main foes Hezbollah and Hamas in over a year of fighting, said it had deployed forces in the U.N.-monitored buffer zone with Syria and at a number of points necessary for defence. Suspected Israeli strikes hit Mazzeh district of Damascus, one Lebanese and one Syrian security source said on Sunday. Jets believed to be Israeli bombed the Khalkhala air base in southern Syria that was evacuated by the Syrian army overnight, two regional security sources told Reuters. The Israeli government had no immediate comment on the reported strikes, which one of the sources said appeared to be aimed at preventing weapons falling into the hands of radical Islamist groups. (Reporting by Suleiman al-Khalidi in Damascus, Timour Azhari and Tom Perry and Maya Gebeily and Laila Bassam in Beirut, Jaidaa Taha and Adam Makary in Cairo, Clauda Tanios, Nadine Awadallah and Tala Ramadan in Dubai; Phil Stewart, Idrees Ali, Trevor Hunnicutt in Washington and Alex Cornwell in Manama and Dominique Vidalon in ParisWriting by Angus McDowall, Matt Spetalnick, Michael Perry and Michael GeorgyEditing by Cynthia Osterman, William Mallard, Philippa Fletcher and Frances Kerry)

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In conclusion, the heartwarming story of Zhang Meng's prenatal check-up, accompanied by her loving husband Xiao Wu, exemplifies the essence of a happy and fulfilling pregnancy journey. Their unity, care, and companionship serve as a testament to the power of love and support in creating a harmonious and joyous family life. Here's to a future brimming with love, laughter, and cherished moments for the soon-to-be parents, Zhang Meng and Xiao Wu.Moreover, the outlook for global economic growth remains uncertain, with concerns about a potential recession looming on the horizon. Should economic conditions worsen, demand for oil is likely to decrease even further, putting additional pressure on prices.

As Zhang Meng navigates through the joys and challenges of pregnancy, having Xiao Wu by her side as a pillar of support is a priceless gift. Their bond, strengthened by shared experiences and unwavering love, serves as a beacon of hope and inspiration for couples embarking on their own journey towards parenthood.

Overall, the future of Assad remains uncertain, with his fate hanging in the balance as he navigates the complexities of exile and the specter of accountability that looms over his legacy. Only time will tell what lies ahead for the once-powerful leader who now finds himself a guest in a foreign land, far from the turmoil and chaos that once defined his rule.