Transeuro Energy Corp. announces that the Company has commenced the mobilization of Dafora Rig 2 to prepare the wellbore for the planned hydraulic fracture stimulation of the Karl-101 well, located onshore West Crimea, Ukraine. The rig mobilization has been delayed from mid January due to the severe weather in Eastern Europe that interrupted the supply of equipment. The rig is expected to be ready for operation by March 15th and will proceed to install 8 packers and 5 'FracPorts' across the C12, C13, C14, C15 and C16 intervals from 3100 meters -- 3500 meters depth, so that each interval can then be individually fractured. 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 fractures in each of the 5 reservoir intervals, using over 800m3 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 during testing in 2011. Third party independent report estimates Mean Gas In Place in these horizons of the Karlavskoye field at 472 Bcf.