Traxion Energy Inc.

Traxion Energy Inc.

September 30, 2009 08:00 ET

Traxion Provides Operations Update

CALGARY, ALBERTA--(Marketwire - Sept. 30, 2009) -


Traxion Energy Inc. (TSX VENTURE:TXE) ("Traxion" or the "Corporation") is pleased to provide the following operations update. Traxion's summer drilling program has resulted in one gross (net 0.3) producing Bakken heavy oil well and one gross (net 0.3) dry and abandoned well. Oil Reserve Corp. ("ORC") provided the funds for the summer drilling program as part of the previously announced purchase and sale agreement effective June 1, 2009.

This latest drilled well is producing approximately 30 barrels oil per day (net 9) which brings Traxion's total net production to approximately 24 barrels heavy oil per day. Traxion and its joint venture partner, ORC, hold a total of 5,585 acres of potential Bakken, Mannville and Viking oil bearing land in southwest Saskatchewan. Pending financing arrangements it is Traxion's intention to grow its land and production position in this core area.

Traxion is a Calgary, Alberta based Corporation engaged in the exploration, development and production of petroleum and natural gas. The Corporation's common shares are listed on the TSX Venture Exchange under the trading symbol "TXE".


Certain statements contained herein constitute forward-looking statements. Such forward-looking statements are subject to both known and unknown risks and uncertainties which may cause the actual results, performances or achievements of the Corporation to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Except as required by law, the Corporation does not undertake any obligation to publicly update or revise any forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provide (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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