Transeuro Energy Corp. today announced weekly update on its Ukraine operations.
Operations for the first production test of the previously announced 4 test programme on Karl-101 are underway. Pressure testing of the equipment required to flow the well is taking longer than anticipated. The Company will issue announcements as appropriate throughout the testing period. The testing program is subject to change depending on actual results.
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’s properties are located in Canada, Armenia, and Ukraine. In addition, the Company holds a back-in option to Eaglewood Energy Inc.’s exploration licenses in Papua New Guinea.
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Source: Transeuro Energy, March 14, 2011;