Saxon Energy Services Inc. Announces the Mailing of the 2006 Annual Report and Updated Corporate Presentation on Website

    CALGARY, March 30 /CNW/ - Saxon Energy Services Inc. ("Saxon") announced
that it has mailed its 2006 Annual Report, along with the Notice of Annual and
Special Meeting of the Shareholders, the Management Information Circular and
Proxy Statement, for the shareholders meeting to be held on May 15, 2007, in
the Glen 201 Room, South Building, at the Telus Convention Centre, 120 - 9th
Avenue S.E., Calgary, Alberta, Canada at 3:00 p.m. Calgary time. All of the
abovementioned documents have been filed on SEDAR at
    The 2006 Annual Report includes Management's Discussion and Analysis and
the financial statements for the year ended December 31, 2006. Financial
results for 2006 were previously released on February 15, 2007.
    Saxon is also pleased to announce that it has posted an updated corporate
presentation on its website at which contains updated
information on Saxon including estimated 2007 revenue, capital expenditure and
rig count guidance.

    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 five drilling rigs contracted and under
    Saxon is listed on the Toronto Stock Exchange under the trading symbol

    %SEDAR: 00009478E

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

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