June 4, 2010
Saxon Announces New Board Member
DALLAS , TX - Saxon Oil Company Ltd ("Saxon") (TSX VENTURE: SXN) (FRANKFURT:SXN) (BERLIN:SXN) an independent international oil and gas company, is pleased to announce the immediate appointment of Hank Swartout to the Board of Directors.
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April 23, 2010
Saxon Commences Drilling In Kansas
DALLAS - Saxon Oil Company Ltd. ("Saxon") (PINK SHEETS: SXNOF) (TSX VENTURE: SXN) (FRANKFURT: OVG) (BERLIN: OVG) announced today it has commenced drilling on the Tilley Painter No. 1-27 well in Stanton County, Kansas. The Saxon Tilley Painter No.1-27 well will be drilled to 5800 feet and is located within the boundaries of the prolific Arroyo field which produces both oil and gas from the Morrow sands. The well will be an offset location to a well which has produced over 260,000 barrels of oil and 1.4 billion cubic feet of gas. Saxon is the operator and has a 75 percent interest in the well.
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April 19, 2010
Saxon Oil Company Ltd. Announces Completion of Non brokered Private Placement and New President
DALLAS TEXAS – April 19, 2010 Saxon Oil Company Ltd. (“Saxon” or the “Company”) is pleased to announce that it has closed the previously announced non brokered private placement (“private placement”) and is announcing C. Ted Wooten as the new President of Saxon Oil Company Ltd. effective immediately.
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March 8, 2010
Saxon Oil Company Ltd. Announces Non-Brokered Private Placement
DALLAS TEXAS – March 8, 2010: Saxon Oil Company Ltd. (“Saxon” or the “Company”) is pleased to announce a non-brokered private placement (“Private Placement”), which will provide the Company with sufficient capital to further develop the potential of its international and domestic oil and gas projects. The Company has agreed to issue 95,559,452 shares at a price of C$.10 per share for gross proceeds of C$9.56mm. Each Unit will consist of one common share of Saxon at a price of C$0.10 per unit and one share purchase warrant. Each Warrant shall be exercisable into one common share at a price of C$0.15 for a period of two years from the completion of the placement.
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