Tuesday, 6 November 2012

Transeuro Energy produces 51,350 cubic metres of gas per day in October

Transeuro Energy (CVE:TSU) said it produced 1.59 million cubic metres of gas from its Beaver River gas field in the Liard basin in British Columbia, Canada last month.
In October, the petroleum and natural gas firm, which also has appraisal developments in Ukraine, said average daily production works out as 51,350 cubic metres or 1.8 million cubic feet.
This is a slight dip from September, where the company produced 1.71 million cubic metres at an average of 56,986 cubic metres per day or 2 mmcf/d.
However, it is still way above August’s production figure of 828,200 cubic metres of gas.
The primary goal at the Beaver River field is to further develop existing subsistence-level gas production and establish the field as an economic operation.
Last month, Transeuro resumed work at its Karl-101 well in Ukraine after the testing operations had been suspended back in July.
Transeuro said that the main issue was the unsuccessful attempts to close the C13 frackport to shut off water production of up to 1500 barrels per day and to prevent cross flow between the open intervals.

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