Transeuro Energy Corp. is an oil and natural gas company whose principal business, along with its subsidiaries, is the acquisition of interests in oil and natural gas rights and the exploration for, development of, and production of crude oil, condensate and natural gas, in the Papuan Fold Belt of Papua New Guinea; the frontier basins in Armenia; the Crimean Peninsula, Ukraine, and the Beaver River area, Canada. The Beaver River property is a natural gas field located 150 kilometers northwest of Fort Nelson in northern British Columbia. As a joint venture partner, the Company holds a 50% interest in exploration licenses covering over 23,000 acres in the Beaver River area. The Company has an interest in two fields (Karlavskoye and Kransapolianskoye) in the Chernomorsky district of the Tarkhankut peninsula of Crimea, in Ukraine. The fields cover 17,792 acres. The Company holds approximately 52% interest in Eaglewood Energy Inc., that holds title to four petroleum prospecting licenses.(Source: ARS)