Transeuro Announces December Production Figures, Shares Up 40% from Near Yr Lows
Transeuro Energy Corp. (today reported that its December gas production from the Beaver River field in Canada was 1,314,960 cu m (average of 42,418 cu m per day or 1.5 mmcf/d), compared to November production of 782,230 cu m(average of 26,074 cu m per day or 0.9 mmcf/d).
Production during December was reduced for the first 10 days due to high pipeline pressures after the November plant shutdown that then constrained the field compressors, but has since returned to the long term trend.
More than 480,000 shares have changed hands.
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