Transeuro Energy Corp.Transeuro Energy Corp.
TSX-V: TSU   $0.02   unch   Vol: 84030
Date: 07-23-2014   Time: 15:40 EST
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Transeuro Energy Corp.
Transeuro Energy Corp.
Transeuro Energy Corp.
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Transeuro Energy Corp.

Show printable version of 'NEWS RELEASE -- UKRAINE RIG OPERATIONS COMPLETED' in a New Window
 April 09, 2012
NEWS RELEASE -- UKRAINE RIG OPERATIONS COMPLETED

 Calgary, Canada: - Transeuro Energy Corp. ("Transeuro" or the "Company") announces that in Ukraine the rig operations have been completed on schedule. The 8 packers and 5 'FracPorts' have been successfully installed across the C12, C13, C14, C15 and C16 intervals from 3100--3500 meters in depth. 3½ inch tubing has been run and the Christmas tree re-installed in preparation for the arrival of the frack pumps and associated equipment. The rig will now be dismantled in preparation for moving to the Povorotnoye field in East Crimea to commence drilling the first well after the recent farm out of the asset to Honoratus Investments Ltd, a wholly owned subsidiary of ASX listed Golden State Resources Limited (ASX:GDN).

The Company has commenced the mobilization of chemicals, proppant and equipment that will be collected at a staging point in Romania prior to import into Ukraine and actual fracking is anticipated in early May. No further down hole intervention is required before the pumping operations. The intention is to create individual hydraulic "propped" fractures in each of the 5 reservoir intervals, using 1000m3 of water and placing a total of 300 tons of synthetic proppant into the reservoirs. These reservoir intervals flowed a cumulative stable rate of 16,000m3/day and condensate during testing in 2011. Third party independent report estimates Mean Gas in Place in these horizons of the Karlavskoye field at 472 Bcf.

ABOUT THE COMPANY
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
http://www.transeuroenergy.com

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.
 
 

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