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

Transeuro Energy Corp.

November 25, 2008 10:38 ET

Transeuro Energy Corp.: Ukraine Operations Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 25, 2008) - Transeuro Energy Corp. ("Transeuro", or the "Company") (TSX VENTURE:TSU)(OSLO:TSU) announces an update on its Ukraine operations.

Further to the Company's news release of September 11th, 2008 in regards to the Karlavoskoye 101 well, the Company has recovered the drill pipe from the well down to a depth of 2,925m. Two cement plugs have been placed in the well and a mechanical plug has been set at 2,842m. With the well secure operations have now been delayed until discussions are completed with RAG over their purported withdrawal from the Joint Venture between the parties relating to the Ukraine operations. Thereafter the Company plans to drill a hole in the casing at 2,750m and to redrill the well back down to a depth of around 3,500m. The first hole was drilled to 3,553m, logged down to 3,480m and flared gas while drilling and surge testing. The Company interpreted a gross hydrocarbon column of over 700m and a most likely net reservoir pay of approximately 100m between 2,800m and 3,500m. A marked improvement in drilling performance is expected following the recent rig upgrades and the use of newly imported equipment. The drilling phase, once commenced is expected to take approximately six weeks.

During the period of delay the Company will take the opportunity to re-structure the Ukraine operations and to re-negotiate some contractual terms to take advantage of the increase in the availability of drilling equipment in country.

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, through majority ownership in Eaglewood Energy Inc, in Papua New Guinea.

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 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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