Calgary, Canada: - Transeuro Energy Corp. ("Transeuro" or the "Company") announces that October gas production from the Beaver River field in Canada was 621,210m3 (average of 20,039m3 per day or 0.7mmcf/d), compared to September production of 994,400m3 (average of 33,147m3 per day or 1.2mmcf/d).
Gas production was shut in on October 20th due to contamination of the main dehydration tower resulting in high dew point (water content) above the required sales gas specification. The equipment required to recondition the tower is not currently in the field and cannot easily be mobilized at this time of year until the ice roads and bridges are commissioned at the end of December.
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
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.