TRANSEURO ENERGY TO BUY ASSETS IN RUSSIA WORTH $25-39MLN IN 2009

RIA Novosti
20:02 | 08/ 12/ 2008

MOSCOW, December 8 (RIA Novosti) – Canadian oil company Transeuro
Energy plans to buy assets in Russia worth 20-30 million euros
($25-39 million), the company president said Monday.

David Worrall told reporters that the company wants to buy small oil
production companies with assets in Russia. He said there have been
preliminary talks with several companies, but did not give further
details.

Transeuro Energy has oil assets in Canada, Ukraine and Armenia.