News Release – Aleator Signs Additional Finance Facilityadmin
Calgary, Canada: – Transeuro Energy Corp. ("Transeuro") announces the news released on October 2nd by Aleator Energy Ltd, "Aleator" (ASX:AWD) that Aleator has signed a new financing facility with a syndicate of European investors for a total amount of EUR 5 million. The new financing is expected to be available almost immediately and will allow Aleator to contract the drill rig and move to spud of the POV 105 well and to assess further investment opportunities in Ukraine.
The announcement further includes an update on the GRES Holdings Finance Facility and an outlook for Aleator.
The full text can be viewed at: http://www.asx.com.au/asxpdf/20131002/pdf/42jry7q9sdnzbc.pdf
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
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.
Posted: October 2nd, 2013 under ACCESSWIRE.