Sat, Oct 25, 2014 12:29
HomeMost Recent NewsLone Star Business BlogContact Us
Advertise with Texas Business
Saxon Oil Company Ltd. To Join West-Central Texas Exploration Agreement
Saxon Oil Company Ltd. To Join West-Central Texas Exploration Agreement | dal_ftw_txbz, odes_txbz, mid_txbz, abil_txbz, lub_txbz, elp_txbz, abil_txbz,Saxon Oil,

Texas Business reports: Like so many firms across the world, the Saxon Oil Company Ltd. is part of exploration play in West-Central Texas.

The Saxon Oil Company Ltd. board of directors approved the company's participation, with a 10% working interest, in a leasing and well drilling venture that will encompass 30,000 acres in the first phase.

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 international 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.