Povorotnoye Loan Facility Update
(via Thenewswire.ca)
Calgary, Canada: - Transeuro
Energy Corp. ("Transeuro") announces
the news released on June 24th by Aleator Energy Ltd, "Aleator" (ASX:AWD) that
the issue of the bank guarantee provided by Gres Holdings is
proceeding well. The following is an extract from the Aleator
announcement on 24th June
2013 and the full text can be viewed at: http://www.asx.com.au/asxpdf/20130624/pdf/42gmqb365zlqzg.pdf
The Directors of Aleator Energy
Limited ("Aleator" or "the Company") are pleased
to announce that the Company has received a formal update from Gres
Holdings to confirm that the issue of the Bank Guarantee is proceeding
well, and is expected to be issued shortly.
The Company continues to progress preparations for the drilling of
Pov105 and looks forward to confirming receipt of the Bank Guarantee
and the Credit Facility.
ABOUT TRANSEURO
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. Transeuro owns
100% of a gas producing property located in British Columbia, Canada
and has interest in gas exploration and appraisal developments in
Crimea, Ukraine.
On behalf of the Board of Directors
Aage Thoen,
Chairman
For further information contact: Darren
Moulds, IR, +1 403 705 1919
http://www.transeuroenergy.com
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. Transeuro 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 wire line log
data do not necessarily mean that mobile hydrocarbons are present in
the formation or can be produced.
.
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