Transeuro Energy Corp.

Transeuro Energy Corp.

January 11, 2011 06:01 ET

Transeuro Energy Corp.: Ukraine Drilling Ahead at 2808m

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 11, 2011) - Transeuro Energy Corp. ("Transeuro" or the "Company") (TSX VENTURE:TSU)(OSLO:TSU) issues a weekly update on its Ukraine operations.

Milling of the window in the 9 5/8" casing has been completed successfully and directional drilling of the sidetrack is proceeding with 8 1/2" hole at a depth of 2808m. Over the next week the company expects to drill ahead, encountering the top reservoir, the Turonian, at 2875m and then to drill down into the Cenomanian reservoirs, with the top reservoir, the C12 expected at 3100m.

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
    +1 604 728 0040
    Transeuro Energy Corp.
    David Parry
    +1 604 681 3939
    Transeuro Energy Corp.
    Karen Jenssen
    +47 91 729787