Transeuro Energy ist nun auch an der Osloer Ölbörse gelistet

21/01-2008 06:39:06: (TSU.OAX) TRANSEURO UPDATES DRILLING IN BEAVER RIVER
Transeuro Energy Corp. (TSX, Oslo Axess: TSU)
(`Transeuro`, or the `Company`) and Questerre
Energy Corporation (OSE, TSX: QEC) reported today
on the preliminary test results from the A-8 well
at the Beaver River Field.

Three prospective intervals in the Nahanni
formation identified on drilling logs were
perforated earlier this month. Pre-stimulation
there was a continuous dry gas flow to surface. The
well was subsequently stimulated late Thursday
evening with a 51 m3 acid squeeze.

Late Friday, during an 8-hour initial cleanup flow,
the well flowed back the spent acid and cleaned up
to rates in excess of 5 mmcf/d (833 boe/d) on a
final choke size of 38/64`` and a flowing tubing
pressure in excess of 8,000 kPa. During the flow
period, 80 m3 of fluid was recovered which is in
excess of the stimulation fluid used. This excess
is likely formation water. Separate pressure
recorders were run with the bottom set of
perforations isolated from the upper two sets of
perforations. The well is currently shut-in to
gather an initial reservoir pressure and pressure
gradient between the perforation intervals. A
production test with a full flow and buildup is
planned to begin as soon as the drilling rig can be
moved off the location. Subject to final results,
Transeuro and Questerre have commenced plans to tie-
in the well to the local gathering system.

Hal Hemmerich, President and Chief Executive
Officer of Transeuro commented, `When we receive
further data from the pressure recorders and a full
production test, we will determine the impact of
the acid squeeze on the flow rates of gas and
water. The final production test will assist in
determining what work can be done to improve on the
stimulation procedures. The gathering and analysis
of this data is estimated to take a few weeks.`

Transeuro Energy Corp. 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`s properties are located in Canada, Armenia
Ukraine and in Papua New Guinea through majority
ownership in Eaglewood Energy Inc.

On behalf of the Board of Directors

`Harold Hemmerich` President and CEO

For further information contact:
David Parry
+1 (604) 681 3939 Phone
http://www.transeuroenergy.com

The TSX Venture Exchange has not reviewed, and does
not accept responsibility for the adequacy or
accuracy of the content of this news release. This
press release does not constitute an offer to sell
or solicitation of an offer to sell any of the
securities in the United States. The securities
have not been and will not be registered under the
United States Securities Act 1933, as amended
(the `U.S. Securities Act`) or any state securities
laws and may not be offered or sold within the
United States or to a U.S. Person unless registered
under the U.S. Securities Act and applicable state
securities laws or an exemption from such
registration is available. 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. Barrel of oil
equivalent (`boe`) amounts may be misleading,
particularly if used in isolation. A boe conversion
ratio has been calculated using a conversion rate
of six thousand cubic feet of natural gas to one
barrel and is based on an energy equivalent
conversion method application at the burner tip and
does not necessarily represent an economic value
equivalent at the wellhead.