NEWS RELEASE - KARL-101 OPERATIONS UPDATE

10/2/2012 9:00 AM EST

Calgary, Canada: - Transeuro Energy Corp. 
("Transeuro" or the "Company") announces that the 
Company has secured approval from its government 
partner for the follow on operations programme on the 
Karl-101 well and has mobilised equipment to arrive 
on location in approximately 2 weeks. 

Following the previous announcement on 24th July the 
government partner to the Joint Activity Agreement 
for the Karlavskoye field requested a series of 
technical meetings that subsequently resulted in a 
review of the operations conducted on the Karl-
101 well to date and the equipment and methods used 
for the multi-stage fracturing and then on the 
description of the Cenomanian reservoirs derived from 
the data. The main issue was the unsuccessful attempts 
to close the C13 frackport to shut off water 
production of up to 1500 barrels per day and to 
prevent cross flow between the open intervals. The 
partners have now concluded the reviews and have 
agreed the programme to restart well operations that 
will include restoring gas production from the C16 
interval that was previously recorded at a non 
stabilised rate of around 50,000m3/day and further 
attempts to close the C13 frackport.

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	
	Karen Jenssen, IR, +47 91729787
	http://www.transeuroenergy.com

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.

This press release contains "forward-looking 
information" which may include, but is not limited 
to, statements with respect to our operations. Such 
forward-looking statements reflect our current views 
with respect to future events and are subject to 
certain risks, uncertainties and assumptions. See our 
Annual Information Form for a description of risks 
and uncertainties relevant to our business, including 
our exploration and development activities. Test 
production rates may vary from sustained production 
rates when developing a well or a deposit. The 
commerciality of any discovery can be affected by 
many factors including product prices, operating 
costs, capital costs, government take and sustained 
production levels and ultimate recovery of 
hydrocarbons. Hydrocarbon indications from drilling 
or wireline log data do not necessarily mean that 
mobile hydrocarbons are present in the formation or 
can be produced.