Transeuro Energy Corp.Transeuro Energy Corp.
TSX-V: TSU   $0.02   unch   Vol:
Date: 05-06-2014   Time: 11:41 EST
Oslo Axess: TSU - link
Transeuro Energy Corp.
Transeuro Energy Corp.
Transeuro Energy Corp.
News Releases
Transeuro Energy Corp.

Show printable version of 'NEWS RELEASE -- UKRAINE OPERATIONS UPDATE' in a New Window
 March 26, 2012

 26th March 2012 TSX-V/Oslo Axess: TSU

Calgary, Canada: - Transeuro Energy Corp. ("Transeuro" or the "Company") announces that in Ukraine the rig operations have so far removed the 3 temporary bridge plugs that were used to suspend the well in May last year and cleaned out the wellbore back to the original TD of 3505m. Preparations are ongoing to install the 8 packers and 5 'FracPorts' across the C12, C13, C14, C15 and C16 intervals from 3100 meters -- 3500 meters in depth. Rig operations are expected to take another 1 to 2 weeks and the rig will then be dismantled and moved from the site to make space for the Schlumberger fracturing pumps and associated equipment.

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 owns 100% of a gas producing property located in British Columbia, Canada and has interest in gas exploration and appraisal developments in Crimea, Ukraine.

On behalf of the Board of Directors
Aage Thoen, Chairman

For further information contact:
Darren Moulds, IR, +1 403 705 1919
Karen Jenssen, IR, +47 91729787

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Oslo Axess 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.
This press release contains "forward-looking information" which may include, but is not limited to, statements with respect to our operations. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions. See our Annual Information Form for a description of risks and uncertainties relevant to our business, including our exploration and development activities. Test production rates may vary from sustained production rates when developing a well or a deposit. The commerciality of any discovery can be affected by many factors including product prices, operating costs, capital costs, government take and sustained production levels and ultimate recovery of hydrocarbons. Hydrocarbon indications from drilling or wireline log data do not necessarily mean that mobile hydrocarbons are present in the formation or can be produced.

You can view the Next News Releases item: Mon Apr 9, 2012, NEWS RELEASE -- MARCH PRODUCTION

You can view the Previous News Releases item: Tue Mar 20, 2012, NEWS RELEASE -- DISPOSITION OF PAPUA NEW GUINEA BACK-IN

You can return to the main News Releases page, or press the Back button on your browser.