SAXON OIL COMPANY LTD SXNOF

RE: RE: RE: Saxon Engages SMH Capital as Financial

[Bobwins]

Hi cvac01 & stormy,$0$0$0$0I sold last year because I didn't see this stock moving soon.  The story is good.  The company has several interesting and attractive projects but they are all long term projects that require a fair amount of capital.  I asked if the company could finance these long term projects and was told they thought they could.  $0$0$0$0$0The drop in oil and ngas prices have probably drastically changed their outlook, not to mention the freezing of the capital markets for microcaps.  I hope they can find a way to move Italy forward.  I'm not sure Kansas works anymore at $4/mcf.  The existing well owners will have to be satisfied with a smaller return and look at it as money that they didn't have before and would only receive if they cooperated with SXN.   Would be interesting to know if the sale of the byproducts would be enough to make this worthwhile.  $0$0$0$0$0I continue to watch.  Need Italy to go big to really send this stock up.  Market for ngas entirely different in Italy than in the US.  $0$0$0$0$0Good luck, Bobwins$0