TRANSEURO ENERGY CORP.
2800 - 350 - 7th Avenue SW
Calgary, Alberta T2P 3N9, Canada

NEWS RELEASE - UKRAINE OPERATIONS RESUME ON KARL-101

16th March 2012 TSX-V/Oslo Axess: TSU

Calgary, Canada: - Transeuro Energy Corp.
("Transeuro" or the "Company") announces that the
Company has resumed rig operations on the Karlavskoye-
101 well, located onshore West Crimea, Ukraine. The
rig will re-enter the well and drill out the 3
temporary bridge plugs that were installed to suspend
the well in May last year. Down hole equipment
necessary for the hydraulic fracturing operations
will then be installed, including 8 packers and
5 'FracPorts' located across the C12, C13, C14, C15
and C16 intervals from 3100 meters - 3500 meters in
depth. Rig operations are expected to take 2 to 3
weeks and the rig will then be dismantled and moved
from the site to make space for the Schlumberger
fracturing pumps and associated equipment.

Pumping operations are likely to occur during April
and will create individual hydraulic "propped"
fractures in each of the 5 reservoir intervals, using
1000m3 of water and placing a total of 300 tons of
synthetic proppant into the reservoirs. These
reservoir intervals flowed a cumulative stable rate
of 16,000m3/day and condensate during testing in
2011. Third party independent report estimates Mean
Gas In Place in these horizons of the Karlavskoye
field at 472 Bcf.

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

info@transeuroenergy.com / www.transeuroenergy.com

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.