Saba Energy Ltd.
TTSXV:SABA0.06
CAD
+0.00
(-8.33%)
Saba Energy Ltd.
TSXV:SABA
(TSX Venture Exchange)
Recent
price
0.06
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Saba Energy Ltd. is an independent upstream energy company engaged in the exploration, acquisition, development, and production of crude oil and natural gas resources. The company operates within the energy sector, focusing on the development of conventional and unconventional hydrocarbon reserves across key sedimentary basins. Its core operations and revenue-generating activities include the extraction and marketing of light and medium crude oil; the production and processing of heavy crude petroleum; the extraction, dehydration, and gathering of natural gas; the recovery and fractionation of associated natural gas liquids, including condensate, propane, and butane; the acquisition, assessment, and management of petroleum and natural gas mineral leases, licenses, and working interests; and the operation and maintenance of field-level production infrastructure, including wellheads, gathering pipelines, compression stations, and battery storage facilities. The company supplies raw crude petroleum, unprocessed and pipeline-quality natural gas, and natural gas liquids to midstream operators, pipeline aggregators, refiners, and downstream wholesale energy markets. Geographically, Saba Energy concentrates its operations in the Western Canadian Sedimentary Basin, with asset holdings situated in Northeastern British Columbia—encompassing properties in the Laprise, Horn River, Boundary Lake, Monias, and regional minor development areas—alongside heavy oil properties in Alberta, while maintaining historical exploration interests in the Paus Block offshore Indonesia and the Corozal Basin in Belize. Founded in 2005 as ITOK Capital Corp. and formerly operated as Blue Sky Global Energy Corp., the company is headquartered in Calgary, Alberta, Canada, and trades on the TSX Venture Exchange under the ticker symbol SABA. In recent developments, the company executed a corporate reorganization and officially changed its name from Blue Sky Global Energy Corp. to Saba Energy Ltd. in September 2025, concurrently updating its TSXV trading ticker from BGE to SABA. Operationally and strategically, the company has repositioned its corporate focus toward optimizing its Western Canadian producing asset portfolio, culminating in a June 2026 comprehensive settlement agreement with the court-appointed receiver of related entity Blue Sky Resources Ltd. regarding title, operatorship, and economic working interests in British Columbia oil and natural gas properties. Additionally, the company has implemented internal administrative and financial reporting realignments to satisfy provincial securities regulatory compliance and optimize field-level operational efficiencies.