Transeuro Energy Corp.

Transeuro Energy Corp.

March 14, 2011 09:09 ET

Transeuro Energy Corp.: Ukraine Testing Operations Continue

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 14, 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:

Operations for the first production test of the previously announced 4 test programme on Karl-101 are underway. Pressure testing of the equipment required to flow the well is taking longer than anticipated. The Company will issue announcements as appropriate throughout the testing period. The testing program is subject to change depending on actual results.

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 

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. 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.

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