Brixton Energy Corporation corporate update

    




 CALGARY, Jan. 30, 2012 /CNW/ -    Brixton Energy Corp.  ("Brixton") is pleased to announce a new corporate strategy as follows:  moving forward, Brixton will bring its primary focus to the greater Red  Earth area. The company currently holds 1280 acres of land, (2 full  sections) with mineral rights from surface to basement in the Panny  river area, approximately 80 km north Red Earth Creek. Brixton will  continue to seek out additional strategic properties in the greater Red  Earth Creek creating a solid, proven property base, in which the  Company will focus on the lower risk development of the Keg River as an  initial starting point. 

 With Cenovus Energy's recent land purchase at Panny river / North Senex  in the early stages of drilling and development, and larger land  purchases in the past year visible from Ceno Energy Limited, and other  juniors in the area, Brixton's management is excited to create our land  base here. The area has seen very little pressure over the last ten  years, and is an excellent, stable, cost efficient venture with typical  long term production from the Keg River. 

 Continued development of the Panny River property is underway with plans  to re-enter an existing well bore on the property and put the Keg River  zone into production this winter. Adjoining infrastructure includes a  2.7 km of a 4" production line with tie in to processing facilities.  Brixton has 3 existing well bores on the property that will be utilized  to our full advantage during development. Geological data on the  property has been reviewed by a third party and multiple drill targets  have been identified on the properties. Management will update its  shareholders in a timely fashion of any new developments on Brixton's  existing properties and or any new endeavors. 

 Mr. Maurice Loverso states: "As the Company has 3 well bores that it can  re-enter, the cost of re-entry of these well bores will be low compare  to drilling new wells. The Company will be seeking several financing  solutions, one of them being secure line of credit against Brixton's  Keg River oil reserves. With the price of oil at around $100.00/barrel,  this low risk area has been producing oil for decades and is very  lucrative for Brixton". 

 On Behalf of Brixton Energy Corp. 

 Mr. Mathew Dodwell 

 ---------------------------------- Mr. Mathew Dodwell, Director/ VP Production 

 We seek Safe Harbor 

 NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS  THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS  RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. 

Brixton Energy Corp.


CONTACT:  Richard Saxon at 604-269-0006 or [e-mail]. 


    

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