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Re:   News Releases - Monday, February 06, 2012
      NEWS RELEASE -- POVOROTNOYE FARM OUT COMPLETED
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6th February 2012 TSX-V/Oslo Axess: TSU
 
Vancouver, Canada: - Transeuro Energy Corp. ("Transeuro" or the
"Company") announces that the Company has completed the transaction to
farm out an 85% interest in East Crimea BV, the holding company that
holds title to the 'Joint Activity Agreement" to develop the
Povorotnoye gas field in East Crimea.

Honoratus Investments Ltd ("Honoratus"), a subsidiary of Golden State
Resources Ltd (ASX:GDN) (www.goldenstate.com.au) will drill well one to
a depth of around 4000m, commencing before the end of June 2012 and if
a commercial discovery is declared, to put the well into production.
Honoratus will then drill a second development well, commencing before
May 15th 2016. Transeuro has received from Honoratus the first staged
payment of $500,000 due on completing the transaction. The next payment
of $500,000 is due on spudding of well one and the last payment of
$500,000 on the commencement of testing operations on well one.

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 Mon Feb 6, 2012 at 6:40:52 AM Pacific Time
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