Wednesday, 6 March 2013

Transeuro Energy's output slowed by facilities issues

Facilities issues on the last three days of the month depressed February gas production at Transeuro Energy’s (CVE:TSU) Beaver River field in February.

Gas production from the field averaged 41,361 cubic metres per day in February, versus 48,130 cubic metres in January.

Total gas production for the month was 1.16mln cubic metres, down from 1.49mln cubic metres in January. 

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.

The company also has interests in gas exploration and appraisal developments in Crimea, Ukraine.

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