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Re:   News Releases - Thursday, February 23, 2012
      NEWS RELEASE -- UKRAINE RIG MOBILISATION & FRACTURING SCHEDULE
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23rd February 2012 TSX-V/Oslo Axess: TSU
 
Calgary, Canada: - Transeuro Energy Corp. ("Transeuro" or the
"Company") announces that the Company has commenced the mobilization of
Dafora Rig 2 to prepare the wellbore for the planned hydraulic fracture
stimulation of the Karl-101 well, located onshore West Crimea, Ukraine.
The rig mobilization has been delayed from mid January due to the
severe weather in Eastern Europe that interrupted the supply of
equipment.

The rig is expected to be ready for operation by March 15th and will
proceed to install 8 packers and 5 'FracPorts' across the C12, C13,
C14, C15 and C16 intervals from 3100 meters -- 3500 meters depth, so
that each interval can then be individually fractured. Rig operations
are expected to take 2 to 3 weeks and the rig will then be dismantled
and moved from the site to make space for the Schlumberger fracturing
pumps and associated equipment.

Pumping operations are likely to occur during April and will create
individual fractures in each of the 5 reservoir intervals, using over
800m3 of water and placing a total of 300 tons of synthetic proppant
into the reservoirs. These reservoir intervals flowed a cumulative
stable rate of 16,000m3/day during testing in 2011. Third party
independent report estimates Mean Gas In Place in these horizons of the
Karlavskoye field at 472 Bcf.
 
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.  In
addition, the Company holds a back-in option to Eaglewood Energy Inc.'s
exploration licenses in Papua New Guinea.

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.

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Copyright (c) 2012 TRANSEURO ENERGY CORP. (TSU)  All rights reserved.
For more information visit our website at
http://www.transeuroenergy.com/ or send mailto:info@transeuroenergy.com
Message sent on Thu Feb 23, 2012 at 6:33:20 AM Pacific Time
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