Saxon Oil Commences Drilling on Kansas Well

Saxon Oil has commenced drilling on the Tilley Painter No. 1-27 well in Stanton County, Kansas. The Saxon Tilley Painter No.1-27 well will be drilled to 5800 feet and is located within the boundaries of the prolific Arroyo field which produces both oil and gas from the Morrow sands. The well will be an offset location to a well which has produced over 260,000 barrels of oil and 1.4 billion cubic feet of gas. Saxon is the operator and has a 75 percent interest in the well.

C. Ted Wooten, President of Saxon said, "Saxon has a substantial interest in this well and multiple development locations exist on adjacent acreage. We are anxious to prove up this location and develop our leasehold position. Saxon's plan will be to develop domestic assets and increase cash flow while maturing our high potential International Italian project."