09:57 AM EDT, 04/08/2019 (MT Newswires) -- Saturn Oil & Gas was up 13% after the company on Monday said its production rose to 1,400 barrels of oil equivalent per day as it tied in nine new wells in the first quarter.

The company said it averaged 1,100 boepd in March from its Saskatchewan properties and forecast average production of 950 boepd in the second quarter,

"Our team has done a fantastic job over the past three months during the coldest winter Saskatchewan has had in 80 years," chief executive John Jeffrey said in a release. "Saturn's operational business has never been as successful as today."

Saturn shares were last seen up $0.015 to $0.135 on the TSX Venture Exchange

Price: 0.14, Change: +0.02, Percent Change: +12.50