Transeuro Announces Beaver River Tie-In.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Transeuro Energy Corp. ("Transeuro") (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :TSU Tsu (ts  ), city (1990 pop. 157,177), capital of Mie prefecture, S Honshu, Japan, on Ise Bay. It is a commercial and manufacturing center, with glass, machine, and food-processing factories. ) (OTC OTCSee: Over-the-counter. OTC See over-the-counter market (OTC). :TSUAF) is pleased to announce that construction has commenced to tie-in the A-2 well at the Beaver River Field (the "Field"). The tie-in follows an extended production test for this well completed late in February. The well continued to clean up with production averaging approximately 2.04 mmcf/d (340 barrels of oil equivalent) over the last 24 hours of the test with an average of 14 bbls/mmcf of water on a 19.05 mm choke. Transeuro anticipates the well will be placed on stream by the middle of the second quarter. Stimulation operations on the A-6 well were also completed earlier this month. After preliminary clean-up, the well initially flowed natural gas at lower than expected rates. It is currently shut-in for an extended production test while a detailed evaluation of the stimulation data is finalized. Questerre Energy Corporation (TSE:QEC QEC Quantum Error Correction QEC Quick Engine Change QEC Quick Easy Contact (email marketing tool) QEC Quadrantal Error Correction QEC Quantum Erasure Channel QEC Quarantine Enforcement Client ) our partner, and Transeuro believe the results from these two wells have confirmed the commerciality of the Mattson sands. Questerre has granted Transeuro, its farm-in partner, an extension to complete the initial work program. With the extension, Transeuro recently announced it is developing plans for an initial six well program at the Field for the Mattson sands and for a deep Nahanni test later in the year. Hal Hemmerich, President and Chief Executive Officer, stated, "We are very pleased with the initial results from the work program and are excited about being the first company in the Beaver River field to produce commercial gas from this formation." TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy 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 An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. protection for forward looking statements. |
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