Transeuro Energy Corp.
TSX VENTURE : TSU
OSLO STOCK EXCHANGE : TSU

Transeuro Energy Corp.

January 03, 2008 00:15 ET

Transeuro Energy Corp.: Drilling Update in Beaver River

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 3, 2008) - Transeuro Energy Corp. ("Transeuro", or the "Company") (TSX:TSU)(OSLO:TSU) and Questerre Energy Corporation (TSX:QEC)(OSLO:QEC) are pleased to announce that the A-8 well was successfully drilled to target depth.

The well encountered the Nahanni formation as expected at a depth of 3898m and drilling continued to a total measured depth of 4130m to access some 232m of Nahanni reservoir. The well was subsequently conditioned and logged open hole. Based on an interpretation of the logs, the well will be cased and tested in mid January as a potential gas producer.

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 Ukraine and in Papua New Guinea through majority ownership in Eaglewood Energy Inc.

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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