Saxon Oil Announces Management Team for Kansas Subsidiary

    DALLAS, June 15 /CNW/ - Saxon Oil Company Ltd ("Saxon") (TSX VENTURE:SXN)
president of Central Kansas Gas Gathering System Company, LLC ("CKGG"), the
wholly owned subsidiary of Saxon formed to own and operate gas gathering
systems, pipelines, and processing facilities in Kansas. Larry Glenn, of
Houston, Tex., was named corporate secretary and S. E. Sinnott was named vice
president. Richard Green, Steve Saxon, and Tom Davis were appointed to CKGG's
board of directors.

    Early this week Saxon announced CKGG completed the acquisition of a
92-mile gas gathering system in Kansas. The gathering system, with associated
compression facilities, is the first of several gas pipeline systems Saxon is
targeting. Saxon's strategy is to combine its upstream E&P operations with the
acquisition and operations of selective gas gathering and processing systems
to maximize the profitability in both market segments. Saxon will receive
revenue for its own production, as well as fees from third parties for
transporting and processing their gas production. Gathering systems typically
have operating margins of 15% or more when fully operational.

    In a separate matter, Saxon's board of directors approved stock options
for 100,000 shares of common stock at the price $0.40 CDN per share under the
terms of the Company's stock option plan be granted to Joe Giuffre, corporate

    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

    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 Ltd Patrice Nazareno,

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