Transmitted by CNW Group on : October 18, 2007 14:48
Saxon Oil To Attend Investment Conferences

DALLAS, October 18 /CNW/ - Saxon Oil Company Ltd. ("Saxon") (Pink
Sheets:SXNOF) (TSX VENTURE:SXN) (FRANKFURT:OVG) (BERLIN:OVG) will be
exhibiting at the 2007 Toronto Resource Investment Conference on October
21-22, 2007. The conference, sponsored by Cambridge House, covers all types of
direct investments in resource public companies. Saxon cordially invites
attendees to visit Booth 345 and meet Chief Financial Officer Steven D. Moore,
who will be available to discuss Saxon's resource growth strategies.

On October 24, Richard G. Green, Saxon's President and Chief Executive
Officer, will be presenting a company update at the Small-Cap Discovery
Conference, sponsored by Wall Street Reporter magazine, at the Harvard Club in
New York City. The conference will be attended by hundreds of fund managers,
analysts and investment bankers. Any shareholder or potential investor
interested in attending the conference and learning more about Saxon should
contact the company immediately.

Through the first 9 months of 2007, Saxon has doubled its oil and gas
reserves, number of wells, and daily production. This accelerate growth is due
to several timely strategic acquisitions in New Mexico, Kansas, and Italy.

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.

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
statements.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy and accuracy of this Release.

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/For further information: Saxon Oil Company Ltd. Patrice Nazareno,
1-866-515-7708 Local: 604-515-7708 nazareno@shaw.ca/