Transeuro Energy Corp.

Transeuro Energy Corp.

December 29, 2010 09:01 ET

Transeuro Energy Corp.: Ukraine Weekly Operations

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 27, 2010) - Transeuro Energy Corp. ("Transeuro" or the "Company") (TSX VENTURE:TSU)(OSLO STOCK EXCHANGE:TSU) issues a weekly update on its Ukraine operations.

The Dafora drilling rig is fully assembled on the Karl-101 location. Local authority inspections are ongoing following which Transeuro will conduct a full inspection to accept the rig for operations. Re-entry operations remain on schedule to commence before the end of December. Drilling of the sidetrack should take place through January, with first results from logging at the end of January, and testing operations in February.

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 owns shares in Eaglewood and holds a back-in option to their 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.
    David Parry
    +1 604 681 3939
    Transeuro Energy Corp.
    Karen Jenssen
    +47 91 729787