SXN Update
posted on
Oct 17, 2007 05:08PM
Expanding Global Energy Portfolio
Hi,
Hope you all like our new home? IMO SH was getting to be a little much with all the bashers and especially the new format. I think a move here is much better and will provide SXN with additional promotion.
We got lots to come, and Rich Green is buying more in the market:
Saxon Oil Company Ltd. (SXN) As of October 14th, 2007
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Oct 03/07 Oct 03/07 Green, Richard Direct Ownership Common Shares 10 - Acquisition in the public market 15,000 $0.280
Oct 03/07 Oct 03/07 Green, Richard Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.275
Sep 12/07 Aug 25/07 Saxon, Bill D Direct Ownership Common Shares 10 - Acquisition in the public market 1,000 $0.270
Sep 12/07 Aug 23/07 Saxon, Bill D Direct Ownership Common Shares 10 - Acquisition in the public market 500 $0.270
Aug 22/07 Aug 20/07 Green, Richard Direct Ownership Common Shares 10 - Acquisition in the public market 25,000 $0.280
Aug 14/07 Aug 13/07 Green, Richard Direct Ownership Common Shares 10 - Acquisition in the public market 25,000 $0.275
Jul 13/07 Jun 21/07 Green, Richard Direct Ownership Common Shares 10 - Acquisition in the public market 125,000 $0.300
I was happy not seeing him pick up any shares though, because that meant he was probably working on a deal or something like that and insiders wouldn't be able to buy shares during that time. I guess there is no deals that are too close??
So what do we have going for us now besides the potential deals we keep thinking are coming?
- We got 5 operated/non-operated drills turning right now and results due shortly. One of them they are setting production casing for and I would suspect we'll hear results soon.
- We also have workovers going on that are increasing production immensely at low costs and making the company some good cashflow.
We are building a company here from the ground up and Rich is doing a great Job. When he came on board in January we had 80 BOE/day consisting of mostly Natural Gas. We now have approximately 150 BOE/day spread evenly between O&G as a result of successful workovers and acquistions.
Thats all for now. I will wait to see if more posters come over fro SH and give any further updates at that time.
Hang on to those shares lots is coming!!!
Cheers,
cvac01