MFM is a great opportunity, but don't miss TSUMFM is a great investment, and believe in this undervalued gem of a stock. However while we wait might want to consider doing your DD on this one which is looking to POP very soon V.TSU.
Stock Up 15% so far on the Oslo Stock Exchange. Expect big upside today, on this side of the Atlantic!
UKRAINE DRILLING AHEAD IN C16 Tekst 14th February 2011 TSX-V/Oslo Axess: TSUVancouver, Canada: - Transeuro Energy Corp.("Transeuro" or the "Company") issues an update onits Ukraine operations.The well has drilled through the C14 and C15intervals with continuous background gas andconnection gas up to 30% by volume. Drilling hascontinued into the C16 where another gas kick hasoccurred and the mud weight has been increased to1.63 s.g. (specific gravity). The depth as of 6amtoday is 3,496 metres. The forward plan is to drillto around 3,520 metres where logging operations willbe performed.President & CEO, David Worrall commented; "theindications from the well, in terms of targetintervals, gas shows and mud weights are in line withour expectations. With around 20m left to drill weare now preparing for logging operations to confirmthe exact location of the deeper targets so we canconfirm the Total Depth (TD) of the well and then runthe 7 inch casing".Transeuro is involved in the acquisition of petroleumand natural gas rights, the exploration for, anddevelopment and production of crude oil, condensateand natural gas. The Company's properties are locatedin Canada, Armenia, and Ukraine. In addition, theCompany holds a back-in option to Eaglewood EnergyInc.'s exploration licenses in Papua New Guinea.On behalf of the Board of DirectorsAage Thoen, ChairmanFor further information contact: ChrisMcGillivray, IR, +1 604 728 0040David Parry, SVP, +1 604 681 3939KarenJenssen, IR, +47 91 729787https://www.transeuroenergy.comNeither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in thepolicies of the TSX Venture Exchange) nor the OsloBors accepts responsibility for the adequacy oraccuracy of this release. The statements contained inthis release that are not historical facts areforward-looking statements, which involve risks anduncertainties that could cause actual results todiffer materially from the targeted results. TheCompany relies upon litigation protection for forwardlooking statements.