Excelerate Energy Inc T.EE.DB

News is out

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CALGARY, Oct 4 /CNW Telbec/ - Exall Energy Corporation (TSX: EE - News; "Exall"or the "Company") is pleased to provide an update concerning its progress onsteps taken to alleviate the Marten Mountain gas production constraints.

Highlights are:<<

• A signed Gas Handling Agreement and Operating Agreement with Canadian
  Natural Resources Ltd. ("CNRL"),

• Completed Hot Tap into CNRL's Mitsue Gas Pipeline,

• Approval from the Alberta Energy Resources Conservation Board (the
  "ERCB") for the Exall Marten Mountain Battery expansion,

• Approval from the ERCB for the Exall Pipeline from Exall's Marten
  Mountain Battery to CNRL's Mitsue Gas Pipeline, and

• Ordered and shipping the equipment required for the Exall Marten
  Mountain Battery expansion.

>>  

Marten Mountain Operations  

As of October 04, 2010, the Company has signed a Gas Handling Agreement  

and an Operating Agreement with Canadian Natural Resources Ltd. which is  

effective October 01, 2010. With these agreements in place, Exall and CNRL  

proceeded with the "Hot Tap" into the CNRL Mitsue Gas Line, completing the  

work on October 02, 2010.  

On September 24, 2010 Exall received the ERCB permit required to commence  

the expansion of the Company's Marten Mountain Battery. This expansion is  

necessary in order to facilitate flowing Exall's liquid rich natural gas into  

the CNRL Mitsue Gas Pipeline. The equipment required for the completion of the  

battery expansion is expected to arrive and to be installed by late October or  

early November.  

On September 28, 2010, Exall received approval from the Alberta Energy  

Resources Conservation Board for a pipeline to be installed from the Exall  

Marten Mountain Battery to the CNRL Mitsue Gas Pipeline. Exall expects the  

pipeline to be completed during the week of October 05, 2010.  

Once tie in work and battery upgrades are complete, Exall expects to  

increase production to 28 e3m3 of natural gas and 330 m3 of oil per day from  

its Marten Mountain operations (1,468 BOED net to the Company). Exall will  

then be producing approximately 1,600 net BOED.  

About Exall Exall Energy Corporation is a junior oil and gas company  

active in its business of oil and gas exploration, development and production  

from its properties in Alberta, British Columbia and Texas. Exall is currently  

developing a new oil discovery at Marten Mountain in north-central Alberta.  

The Company currently has 52,447,745 common shares outstanding. The  

Company's common shares are listed on the Toronto Stock Exchange under the  

trading symbol EE.  

Reader Advisory This news release contains forward-looking statements,  

which are subject to certain risks, uncertainties and assumptions, including  

those relating to results of operations and financial condition, capital  

spending, financing sources, commodity prices and costs of production. By  

their nature, forward-looking statements are subject to numerous risks and  

uncertainties that could significantly affect anticipated results in the  

future and, accordingly, actual results may differ materially from those  

predicted. A number of factors could cause actual results to differ materially  

from the results discussed in such statements, and there is no assurance that  

actual results will be consistent with them. Such factors include  

fluctuating commodity prices, capital spending and costs of production, and  

other factors described in the Company's most recent Annual Information Form  

under the heading "Risk Factors" which has been filed electronically by means  

of the System for Electronic Document Analysis and Retrieval ("SEDAR") located  

at www.sedar.com. Such forward-looking statements are made as at the date of  

this news release, and the Company assumes no obligation to update or revise  

them, either publicly or otherwise, to reflect new events, information or  

circumstances, except as may be required under applicable securities law.  

For the purposes of calculating unit costs, natural gas has been  

converted to a barrel of oil equivalent (boe) using 6,000 cubic feet equal to  

one barrel (6:1), unless otherwise stated. The boe conversion ratio of 6 mcf:  

1 bbl is based on an energy equivalency conversion method and does not  

represent a value equivalency; therefore boe may be misleading if used in  

isolation. This conversion conforms to the Canadian Securities Regulators'  

National Instrument 51-101 - Standards of Disclosure for Oil and Gas  

Activities.

For further information

Exall Energy Corporation<<Frank S. Rebeyka Vice Chairman & CEO Roger N. Dueck President & COO Tel:Tel: [phone] x 223>>[e-mail] visit Exall Energy's website at: www.exall.comRenmark Financial Communications Inc. Henri Perron:[e-mail] Maurice Dagenais: [e-mail]. : [phone] or [phone] www.renmarkfinancial.com