CALGARY, June 28 /CNW/ - Saxon Energy Services Inc. ("Saxon") announces
that its Mexican Joint Venture Drillers Technology de Mexico, S.A. de C.V.
("DTM") is in discussions with Dowell Schlumberger de Mexico S.A. de C.V. for
a contract for the provision of an additional three rigs to work on integrated
projects for Pemex in Mexico. DTM has not entered into such contract and there
are no assurances that such contract will be executed.
Saxon is an international oilfield services company operating a
well-established drilling and well servicing business, with a substantial
presence in Canada, Colombia, Ecuador, Mexico, Peru, United States and
Venezuela. Saxon focuses on providing contract drilling and workover services
to major and intermediate, national and international oil and gas companies
and plans to grow revenue by both the acquisition of existing companies
operating in its areas of interest and the construction of new technology
rigs. Saxon's active fleet of rigs is comprised of 42 (net 38) drilling and
nine workover rigs, with a further eight (net 6.5) drilling rigs contracted
and under construction.
Saxon is listed on the Toronto Stock Exchange under the trading symbol
For further information:
For further information: Dale E. Tremblay, President and CEO, Tel: (403)
716-4150; Michael J. McNulty, Senior VP, Finance and CFO, Tel: (403) 716-4150