Traxion Energy Inc.
TSX VENTURE : TXE

Traxion Energy Inc.

September 17, 2008 18:37 ET

Traxion Cases Bakken Prospect

CALGARY, ALBERTA--(Marketwire - Sept. 17, 2008) -

NOT FOR DISSEMINATION IN THE UNITED STATES

Traxion Energy Inc. ("Traxion" or the "Corporation") (TSX VENTURE:TXE) is pleased to announce it has drilled and cased its first Bakken prospect in southwest Saskatchewan. The well contains potential Bakken and Viking heavy oil production.

Completion work on this well will commence as soon as it is practical to procede.

Traxion holds a 100% working interest in 4,476 acres of potential Bakken oil-bearing acreage in southwest Saskatchewan.

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'.

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Certain statements contained herein constitute forward-looking statements. The Corporation does not undertake any obligation to publicly update or revise any forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Traxion Energy Inc.
    James R. Ehret
    President & CEO
    (403) 508-9961
    (403) 508-9395 (FAX)
    Email: jehret@traxion.ca
    or
    Traxion Energy Inc.
    #715, 603 7th Ave SW
    Calgary, Alberta T2P 2T5
    (403) 508-9326
    (403) 508-9395 (FAX)
    Website: www.traxion.ca