Saxon Announces Strategic Alliance in Kansas



    DALLAS, April 18 /CNW/ - Saxon Oil Company Ltd. ("Saxon") (TSX VENTURE:
SXN) announced today it has formed a strategic alliance with Wichita,
Kansas-based Milestone Energy, LLC (Milestone) to pursue energy-related
activities in Kansas. As part of this alliance, Milestone will provide oil and
gas consulting services, geologic evaluations of potential areas of interest,
research on available acreage and leaseholds, technology assessments and
feasibility studies of surface equipment as well as field and pipeline
infrastructures. For its part, Saxon will provide working capital, financial
and operational oversight, reservoir engineering and act as operator in any
development programs.

    Shallow drilling objectives, favorable lease terms, excellent per well
average reserves, and proximity to infrastructure make Kansas an excellent
growth area for Saxon. "We are excited about aligning with Milestone in
Kansas," commented Richard G. Green, president and CEO of Saxon. "Kansas is an
excellent state for acquiring and developing low-cost oil and gas reserves.
Saxon has extensive experience and knowledge of Kansas which we will leverage
in this strategic alliance."

    Historically, Kansas ranks fifth among states in the United States in
cumulative production with over 30 trillion cubic feet of gas (Tcf) and over
6.6 billion barrels of oil produced to date. Saxon will begin work in central
Kansas, where significant oil and gas reserves remain. In addition, central
Kansas holds some of the largest reserves of helium in the world, a quickly
depleting commodity that currently sells for more than $70 per thousand cubic
feet.

    About Saxon Oil Company Ltd:

    Saxon Oil Company is a Tier One Texas-based Canadian company, trading on
the TSX Venture Exchange under the symbol SXN. The Company is an independent
oil and gas company engaged in the acquisition, development and production of
oil and natural gas reserves. The Company seeks to deliver strong shareholder
returns through an effective exploration and development program that
incorporates sound business practices with the latest oil field technologies.
The goal is to participate whenever possible with quality partners with
specialized local expertise in project areas rather than prospects. This
strategy should steadily increase proven reserves of oil and natural gas -
which, in turn, will lead to enhanced cash flows and earnings per share.

    This press release includes certain "Forward-Looking Statements" within
the meaning of section 21E of the United States Securities Exchange Act of
1934, as amended. All statements, other than statements of historical fact,
included herein, including without limitation, statements regarding plans for
completion, production potential, other targeted areas and expansion and
development plans and objectives of Saxon Oil Company Ltd. are forward-looking
statements that involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual results
and future events could differ materially from those anticipated in such
statements.




For further information:

For further information: Saxon Oil Company Patrice Nazareno,
866-515-7708

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Saxon Oil Company Ltd.

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