The beginning of the END for TSU That sucks my averaging down has just costed me more F-N
12/05/2012 09:15 AM ET
Dec 05, 2012 (ACCESSWIRE-TNW via COMTEX News Network) -- Calgary, Canada: - Transeuro Energy Corp. ("Transeuro" or the "Company") announces that November gas production from the Beaver River field in Canada was 782,230m3 (average of 26,074m3 per day or 0.9 mmcf/d), compared to September production of 1,591,840m3 (average of 51,350 m3 per day or 1.8 mmcf/d).
Production during November has been reduced due to temporary throughput restrictions at the Fort Nelson processing plant and included a 7 day shut in with production then resuming at a constrained rate around 25,000m3/d.
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
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.
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