DALLAS, January 30 /CNW/ - Saxon Oil Company Ltd. (TSX VENTURE: SXN) is
pleased to announce Steven D. Moore as the interim Chief Financial Officer of
Saxon Oil Company Ltd. effective January 29, 2007.
Mr. Moore (51) has 25 years of financial experience in the oil and gas
industry, including a position as editor of an oil and gas technical
publication and director of communication and strategic planning for
Halliburton Company. He holds an engineering degree and MBA from Southern
Methodist University (SMU) in Dallas, Texas.
"I'm very excited about retaining Steve as part of Saxon Oil's new
management team," commented Richard G. Green, Chief Executive Officer and
President of Saxon Oil Company. "At Saxon Oil we're building a team with
exceptional managerial and technical skills from a wide variety of oil and gas
experiences that will allow us to successfully pursue and participate in
innovative, technology-driven upstream oil and gas projects. Steve's
background and experiences are a perfect fit for Saxon."
The Board approved the issuance of 472,500 stock options for management
priced at $0.40 CDN per share.
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.
To find out more about Saxon Oil Company Ltd. visit our website at
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 does not accept responsibility
for the adequacy and accuracy of this release.
For further information:
For further information: For Saxon Oil Company Ltd.: Quayside
Communications Patrice Nazareno, 604-515-7708 Toll Free: 866-515-7708