Transeuro Energy Starts Natural Gas Drilling Operations In Armenia

TRANSEURO ENERGY STARTS NATURAL GAS DRILLING OPERATIONS IN ARMENIA

HULIQ, NC
Mon, 2007-09-17 13:48.

Transeuro Energy Corp. (TSX VENTURE:TSU)(OSLO:TSU) is pleased to
announce the commencement of drilling operations in Armenia for
natural gas exploration.

– Karmir-1 exploration well spudded in Block 2, Armenia

– Well targeting two horizons in the Karmir gas prospect

– Drilling results of natural gas expected by end year

Drilling has started on the Karmir prospect in the Armavir region
of Block 2, Armenia. Karmir-1 is the first exploration well to be
drilled in the country for ten years.

The well is targeting two horizons in the Karmir gas prospect, the
Lower Sand Clay (LSC) and the Lower Multicoloured Suite (LMS), and
is planned to have a total depth of 2200 meters. Drilling operations
will be followed by flow-testing should hydrocarbons be discovered.

The well is located less than 3km from a new gas pipeline route forming
part of a recently installed domestic gas distribution system, and
the Company is in discussion with the Government of Armenia regarding
early hook-up of the well in the event of a commercial discovery.

Harold Hemmerich, President and CEO, Transeuro Energy Corp. commented,
"I am very pleased that Karmir-1 has spudded. The Company has entered
an exciting operational phase and is now simultaneously drilling in
Canada, Armenia and Ukraine, and is planning a drilling operation in
PNG. The drilling results are keenly anticipated and will generate
important information for the Company."

Transeuro Energy Corp. 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’s properties
are located in Canada, Armenia, Papua New Guinea and Ukraine.

On behalf of the Board of Directors

Harold Hemmerich, President and CEO

This press release does not constitute an offer to sell or solicitation
of an offer to sell any of the securities in the United States. The
securities have not been and will not be registered under the United
States Securities Act 1933, as amended (the "U.S.

Securities Act") or any state securities laws and may not be offered
or sold within the United States or to a U.S. Person unless registered
under the U.S.

Securities Act and applicable state securities laws or an exemption
from such registration is available.

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.

Barrel of oil equivalent ("boe") amounts may be misleading,
particularly if used in isolation. A boe conversion ratio has been
calculated using a conversion rate of six thousand cubic feet of
natural gas to one barrel and is based on an energy equivalent
conversion method application at the burner tip and does not
necessarily represent an economic value equivalent at the wellhead.

The TSX Venture Exchange has not reviewed, and does not accept
responsibility for the adequacy or accuracy of the content of this
news release.