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

Transeuro Energy Corp.

February 28, 2011 09:01 ET

Transeuro Energy Corp.: Logging Completed & Running Casing for Testing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 28, 2011) - Transeuro Energy Corp. ("Transeuro" or the "Company") (TSX VENTURE:TSU)(OSLO:TSU) is pleased to issue the weekly update on its Ukraine operation as follows:

  • Logging operations have been completed successfully.
  • Current operation is rigging up to run 7 inch casing to TD (Total Depth).
  • Production test equipment has been mobilized to the site in preparation for the first production tests.

The President & CEO, David Worrall commented; "The preliminary analysis of the logs is in line with our expectations, and we have encountered deeper targets in the C15 and C16 that were not logged in the first wellbore in 2008. Analysis of the logging data is ongoing and the Company will shortly release the results and the final plans for the first production test."

Transeuro 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. In addition, the Company holds a back-in option to Eaglewood Energy Inc.'s exploration licenses in Papua New Guinea.

On behalf of the Board of Directors

Aage Thoen, Chairman

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Oslo Bors accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Transeuro Energy Corp.
    Chris McGillivray
    IR
    +1 604 728 0040
    or
    Transeuro Energy Corp.
    David Parry
    SVP
    +1 604 681 3939
    or
    Transeuro Energy Corp.
    Karen Jenssen
    IR
    +47 91 729787
    www.transeuroenergy.com