Vancouver, Canada: - Transeuro Energy Corp. ("Transeuro" or the "Company") announces that December gas production from the Beaver River field in Canada was 2,712,570m3 (87,502m3 per day or 3.1 mmcf/d). Average daily gas production since the Company took over as Operator compared to the same period last year is as follows:

2011 Average Daily Field Production 2010 Average Daily Field Production
m3/day mmcf/day m3/day mmcf/day
June 49,967 1.6 27,017 0.9
July 65,124 2.3 20,307 0.7
Aug 42,339 1.5 42,435 1.5
Sept 73,757 2.6 74,629 2.6
Oct 59,247 2.1 22,542 0.8
Nov 75,842 2.7 21,992 0.8
Dec 87,502 3.1 20,234 0.7


Target production for January is in the range of 80,000-85,000 M3/day (2.8-3.0 mmcf/d), being slightly constrained due to compressor performance. Preparations are underway for an overhaul of the older compressor to allow the wells to produce at the maximum rate.

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

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.
 2011 Average Daily Field Production 2010 Average Daily Field Production m3/day mmcf/day m3/day mmcf/day June 49,967 1.6 27,017 0.9 July 65,124 2.3 20,307 0.7 Aug 42,339 1.5 42,435 1.5 Sept 73,757 2.6 74,629 2.6 Oct 59,247 2.1 22,542 0.8 Nov 75,842 2.7 21,992 0.8 Dec 87,502 3.1 20,234 0.7
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