Transeuro Energy Corp.

Transeuro Energy Corp.

November 27, 2007 00:15 ET

Transeuro Energy Corp.: Beaver River Drilling Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 27, 2007) - Transeuro Energy Corp. ("Transeuro", or the "Company") (TSX VENTURE:TSU)(OSLO:TSU) reported today on the drilling of the A-8 well at the Beaver River Field (the "Field") in British Columbia.

The second intermediate casing string has been successfully set and cemented in the upper portion of the Mississippian Prophet formation at a measured depth of 2,990m. High-pressure gas was encountered in an open fault and fractures above and in the upper Prophet formation. Total depth for the well is prognosed at 4,200m or approximately 1,200m of additional drilling. Transeuro expects drilling operations to be completed by year-end with testing in early 2008.

Transeuro Energy Corp. is involved in the acquisition of petroleum and natural gas rights, the exploration for, and development and production of crude oil, condensate and natural gas. The Company's properties are located in Canada, Armenia and Ukraine.

On behalf of the Board of Directors

Harold Hemmerich, President and CEO

This press release does not constitute an offer to sell or solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to a U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The statements contained in this release that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from the targeted results. The Company relies upon litigation protection for forward looking statements.

Barrel of oil equivalent ("boe") amounts may be misleading, particularly if used in isolation. A boe conversion ratio has been calculated using a conversion rate of six thousand cubic feet of natural gas to one barrel and is based on an energy equivalent conversion method application at the burner tip and does not necessarily represent an economic value equivalent at the wellhead.

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy or accuracy of the content of this news release.

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