Brixton Energy Corp PMBJF

Email from Saxon on Friday

[PiusLang]

Brixton Energy Corp business plan and update for Q1 2014 Brixton Energy TSX-V “BRX” (the “Company”) is a producing oil company that owns 25% of a well producing from the Keg River formation in the Panny River area of Northern Alberta, Canada. The Company also has an interest in over 14,000 acres of mineral rights, from surface to basement, in the Panny River area, whereby Brixton is to pay one hundred percent of the costs to drill and complete all wells on the property for a 95 % BPO (before pay out) interest, which will revert to a 50% APO (after pay out) interest. The 2014 development plan includes the drilling of 2 potential oil wells picked from 3D seismic interpretation and data from offset wells. Brixton and its business partner own the rights to 2 Keg River formations, or zones, picked and ready to be drilled. Based on the information available from offset wells, initial production rates of new oil wells are expected to be between 125 – 300 bbl /day. The Panny River area has significant infrastructure in place with ample pipelines and sales facilities to tie newly drilled oil wells into. Brixton's management held its AGM (Annual General Meeting of shareholders) on December 31, 2013. Management wishes to announce that all resolutions were passed. Most junior publicly traded companies on the TSX-V have seen challenging market conditions in recent years, causing companies like Brixton Energy Corp. to trade under five cents a share making it difficult to finance the company for its current development drilling programs. Taking our current market condition into consideration, and pursuant to resolutions passed at the above mentioned AGM, the Company proposes a 1 new for 10 old shares consolidation. The purpose of this consolidation at a ratio of 1 for 10 is to meet the minimum trading price required by the TSX Venture Exchange to finance the Company via a private placement to be issued post consolidation. Strategic Relationship: Brixton has secured a strategic relationship with a private company out of Calgary, Alberta that we are currently Joint Ventured with on the Panny River project. After seeing the physical data on the Panny River project we are confident that our Joint Venture partner is one of the industry’s proven exploration leaders. This private company’s President and CEO has a PhD of Geology and a drilling success rate of 100%. This company currently holds $18 million of mineral rights, from surface to basement, in Alberta and Saskatchewan. We have structured a relationship giving Brixton access to these mineral rights for future development projects.

[Affroboy]

Amazing, there is actually a sign of life !!! It's definitely not the greatest news, but certainly more positive than a total shut down and bankruptcy !!!