2011-05-30-2011-04-27-2011-06-01

Acquired Questerre Beaver River Inc. which holdings remaining 50% WI in Beaver River Field in BC, gaining 700,000 Cf/d.

Transeuro Energy Corp., Vancouver, (Toronto Venture: TSU) has closed its acquisition of Questerre Beaver River Inc., a subsidiary of Questerre Energy Corp., Calgary, (Toronto: QEC; Oslo: QEC) for C$4.4 million in stock.

Transeuro issued 40 million shares to Questerre, representing 8.7% of its shares outstanding. Also, the C$5.15-million debt payable by Transeuro to Questerre Beaver has been eliminated.

Questerre Beaver holds 50% interest in Beaver River Field in British Columbia. Transeuro now holds 100% of Beaver River Field including two producing wells, the production equipment, gathering system and all associated infrastructure.

Beaver River Field consists of 35 sections in the Liard Basin in northeastern British Columbia, adjacent to the Horn River Basin.

Production from the two wells is 700,000 cubic feet of gas per day. The wells flow into the Spectra Energy pipeline that transits through the field.

Transeuro chairman Aage Thoen says, "The acquisition furthers our strategy to pursue large assets and has the potential to add short term production from the existing wells and infrastructure in place. Canada represents a secure, low risk venture for Transeuro in a proven hydrocarbon basin."