Saxon Oil Company Ltd. Announces Appointment of 2010 Officers and Committee Members
Saxon Oil Company Ltd. Announces Appointment of 2010 Officers and Committee Members
Jul. 26, 2010 (Canada NewsWire Group) --
DALLAS, TX, July 26 /CNW/ - Saxon Oil Company Ltd. ("Saxon" or the "Company") is pleased to announce the appointment of the officers and committee members of the Company. The new Saxon officers and committee members are as follows:
<< CHAIRMAN & CEO HANK SWARTOUT CORPORATE SECRETARY JOSEPH GIUFFRE CHIEF OPERATING OFFICER (COO) C. TED WOOTEN CHIEF FINANCIAL OFFICER (CFO) DONALD BAILEY COMPENSATION COMMITTEE HANK SWARTOUT (CHAIRMAN) STEVE SAXON ROBERT GERSHEN AUDIT COMMITTEE BILL SAXON (CHAIRMAN) PAUL HUDSON A.E. (TED) TURTON >>
Mr. Swartout, the newly elected Chairman and CEO, has over thirty years of experience in the oil and gas business. Previously, he held positions as Manager of Bawden Western Oceanic Offshore, Vice President of Rig Design and Construction for Dreco and Manager of Construction for Nabors Drilling Canada. He held the position of Chairman and Chief Executive Officer of Precision Drilling Ltd., Canada's largest independent drilling rig service company, from 1985 through 2006. Under the direction of Mr. Swartout, Precision Drilling Limited grew from a market capitalization of $1 million into one of the world's largest drilling companies, worth roughly $7 billion by 2005, when Precision shares traded for almost $100 per share on the TSX. In June 2009, Mr. Swartout became Chairman of Calmena Energy Services Inc. (TSX- CEA). Mr. Swartout graduated from the University of Wyoming with a degree in Petroleum Engineering.
Don Bailey, the elected CFO, is new to Saxon Oil and joins the group with over thirty years experience in accounting and management. Don's most recent experience has been in the logistics and moving business where he has had various executive management positions including implementation of financial controls.