Saxon Oil announces plans to drill Eumont No. 2 well in New Mexico

March 25, 2009 Filed Under: Oil and Gas  
Saxon Oil announces plans to drill Eumont No. 2 well in New Mexico

Saxon Oil Company Ltd. announced plans to drill the first offset to the Eumont State No. 1, which has now exceeded 50,000 barrels of cumulative oil sales since completion in May 2008. Eumont State No. 1 continues to flow 140 barrels of oil per day and is the discovery well for the Urssey Tank Seven Rivers field. Saxon has approved the drilling of the Eumont State No. 2 well, a southeast offset well... 

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Saxon Oil Announces Completion of Acquisition of Picogina Holdings B.V.

December 15, 2008 Filed Under: Oil and Gas  

Saxon Oil Company Ltd report that it has closed the acquisition of Picogina Holdings BV from Energy Ltd. pursuant to the Acquisition Agreement among Energy, Saxon and Saxon Oil Company dated October 21, 2008. The assets of Picogina consist of 100% of the participations of Hidrocarburos del Cantabrico S.L. , a private company incorporated under the laws of Spain, which holds a 100% interest in five... 

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Saxon Oil Receives New Field Designation in New Mexico

November 17, 2008 Filed Under: Oil and Gas  

Saxon Oil Company Ltd. has received a new field designation from New Mexico regulatory authorities for its Eumont State No. 1 oil discovery in Lea County, New Mexico. New Mexico designated the Eumont well as the discovery well in the Urssey Tank: Yates-Seven Rivers Pool. Special pool rules are in effect from the date of first production in May 2008, which set allowable production at 350 barrels of... 

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Saxon Oil Announces Execution of Definitive Agreement in Picogina Acquisition

October 23, 2008 Filed Under: Oil and Gas  

Saxon Oil Company Ltd. announces that it has executed a definitive agreement with Energy (CG) Ltd. (“Energy”) regarding the proposed purchase of 100% of the issued and outstanding shares (the “Acquisition”) of Picogina Holdings BV (“Picogina”) and amended the terms of the non-brokered private placement (the “Offering”) of Saxon units previously announced... 

Saxon Oil Announces Gas Gathering Joint Venture In Kansas

August 26, 2008 Filed Under: Oil and Gas  

Saxon Oil Company Ltd. announced today that its wholly owned subsidiary, Central Kansas Gas Gathering (“CKGG”), signed a joint venture agreement with Mid Kansas Gas Gathering LLP (“MKG”) of Wichita, Kansas. The 50-50 joint venture, called Mid Kansas Gas Gathering JV (“MKGG”), will be headquartered in Wichita, Kansas, with American Energies Pipeline, LLC (AEP) acting...