Transeuro Energy Corp.: Ukraine Drilling Ahead at 3,364 Metres

- February 7th, 2011

Transeuro Energy Corp. (CVE:TSU) issues a weekly update on its Ukraine operations.

Transeuro Energy Corp. (TSXV:TSU) issues a weekly update on its Ukraine operations.

The press release is quoted as saying:

The well is drilling ahead at a depth of 3,364 metres with continuous background gas and connection gas up to 20% by volume. Following the gas kick at 3,332 metres, the mud weight was increased to 1.35 sg (specific gravity) and drilling resumed. A further gas kick occurred and mud weight was again increased, up to 1.47 sg. Drilling has again resumed, but the Rate of Penetration (ROP) has now dropped to 1 metre/hour and is expected to remain low until the middle of the C14 interval.

Click here to access the entire press release

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