Tweet
December 18, 2007
Armenia Drilling Update
Vancouver, Canada: - Transeuro Energy Corp ("Transeuro", or the
"Company") reported today on the drilling of the Kamir 1 well in
Armenia. The Kamir 1 is located 65 kilometers west of Yerevan, not far
from the Turkish border.
Karmir 1 was drilled to the programmed total depth of 2,346m. A
potential hydrocarbon gas zone was encountered between 950m and 1,150m
with elevated values of methane, ethane, propane and butane identified
on the mud log. Elevated gas levels were also intersected below 2,300m
but only contained carbon dioxide.
The forward plan is to plug back the deeper zone, run wire line logs
and based on these results test the hydrocarbon potential of the
shallow zone.
Subject to a successful test, a distribution and marketing network of
pipelines for a fast and economical way to monetize the potential
discovery is present within 3km. Armenia is a net importer of natural
gas, imports were 1.685 billion cubic meter in 2005.
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 and Ukraine.
On behalf of the Board of Directors
"Harold Hemmerich" President and CEO
For further information contact:
David Parry
(604) 681 3939 Phone
http://www.TRANSEUROENERGY.COM
From: Emil Lazarian | Ararat NewsPress
Armenia Drilling Update
Vancouver, Canada: - Transeuro Energy Corp ("Transeuro", or the
"Company") reported today on the drilling of the Kamir 1 well in
Armenia. The Kamir 1 is located 65 kilometers west of Yerevan, not far
from the Turkish border.
Karmir 1 was drilled to the programmed total depth of 2,346m. A
potential hydrocarbon gas zone was encountered between 950m and 1,150m
with elevated values of methane, ethane, propane and butane identified
on the mud log. Elevated gas levels were also intersected below 2,300m
but only contained carbon dioxide.
The forward plan is to plug back the deeper zone, run wire line logs
and based on these results test the hydrocarbon potential of the
shallow zone.
Subject to a successful test, a distribution and marketing network of
pipelines for a fast and economical way to monetize the potential
discovery is present within 3km. Armenia is a net importer of natural
gas, imports were 1.685 billion cubic meter in 2005.
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 and Ukraine.
On behalf of the Board of Directors
"Harold Hemmerich" President and CEO
For further information contact:
David Parry
(604) 681 3939 Phone
http://www.TRANSEUROENERGY.COM
From: Emil Lazarian | Ararat NewsPress