what I think happened here I think what has happened here over the last couple of years went somrthing like this. The company was meandering along with some decent opportunities but nothing really exciting. They had their contractual obligations and their budget was set for slow and steady exploration. Very ho hum. Then three different circumstances all became apperent about the same time. First; They had some promising exploration rights in the Ukraine which may be very lucrative.with new fracking technology. Second; Natural gas prices in Europe are double or even triple North American rates and third; Worldwide transportation infrastructure for natural gas is totally inadequate. Moving low priced North American natural gas to Europe for huge profit margins can not be done. So out of nowhere Transeuro found themselves with a golden opportunity but they needed cash. Their course of dilution meant share holders short term would be very unhappy but in the longer term of two or three years their proven assets might be worth billions of dollars and the share price will not be held down when the buyout offers come in from the big players.