Transeuro Energy Corp.Transeuro Energy Corp.
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Date: 09-10-2010   Time: 11:24 EST
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Transeuro Energy Corp.
Transeuro Energy Corp.
Transeuro Energy Corp.
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Transeuro Energy Corp.
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Oktemberian
The gas region of Oktemberian contains the 'Karmir' and 'Karmir south' gas fields, delineated with 8 wells drilled in the 1960's with 2 wells producing dry gas to surface, but at sub-economic rates. Improved drilling practices utilizing managed pressure drilling techniques are expected to unlock the potential of the field. The first well, Karmir 1 was completed in early 2008. The well found good gas shows, but following a well control incident in deeper formations the shallow gas bearing reservoir in the Lower Sand Clay (LSC) was not tested. The well will be logged again towards the end of 2008 to assess if stimulation and testing operations are warranted.


A second well in the Oktemberian region will appraise the adjacent Karmir south prospect. Following successful indications of gas from the logs it is envisaged that hydraulic fracturing equipment will be mobilised to achieve commercial gas rates from both wells.
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