2009-08-19-2007-04-01-2007-07-01

Transaction Type
Sellers
Buyers
Announce Date
Post Date
Close Date
Estimated Price
2MM
Description

WI, exploration permits

Saxon Oil Co. Ltd., Dallas, (Toronto Venture: SXN; Pink Sheets: SXNOF) has acquired a 20% membership interest in AleAnna Resources LLC from Houston-based parent AleAnna Energy LLC for $100,000 in cash and $1.4 million in shares for a total deal valued at $1.5 million. Saxon received a cash payment of $676,470 from a third-party entity who is also acquiring a portion of AleAnna's interests, bringing Saxon's total investment in the deal down to $823,530. The assets include interests in Italy and a 20% working interest in AleAnna's Permian Basin assets in West Texas and New Mexico. The Italian assets consist of five applications for exploration permits totaling 368,745 acres, with three permits (225,840 acres) in the Po Valley in northern Italy, and two permits (142,905 acres) in the Bradano Foredeep area in southern Italy. The Permian Basin assets include fewer than 2,160 gross acres (1,600 net).