Saxon Oil To Complete Eumont State #1 Well



    DALLAS, November 26 /CNW/ - Saxon Oil Company Ltd. ("Saxon") (PINK
SHEETS:SXNOF) (TSX VENTURE:SXN) (FRANKFURT:OVG) (BERLIN:OVG) announced today
that the operator of the Eumont State #1 well in Lea County, New Mexico, has
commenced completion of the well. Detailed information concerning the well
will be held confidential. The well reached total depth on November 16, 2007,
and was evaluated utilizing mud logs and open hole electrical, acoustic, and
nuclear survey logs. Saxon has a 15 % working interest in this well.

    Richard G. Green, President and CEO of Saxon, said, "The Eumont State
well is a significant exploration well for Saxon and we are very pleased with
the results. This is the first well in our exploration joint venture in New
Mexico. The well sets the stage for additional exploration and development
activities and confirms the expectations of our geophysicists and technical
data."

    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 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.

    The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy and accuracy of this Release.




For further information:

For further information: Saxon Oil Company Patrice Nazareno,
1-866-515-7708 quaycomm@shaw.ca

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Saxon Oil Company Ltd.

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