Transeuro Energy Corp.
Indusmin Energy completes second well
Corporate-news announcement sent by DGAP.
The sender is solely responsible for the contents of this announcement.
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Indusmin Energy completes second well
Kiev, Ukraine—-February 2, 2003 – INDUSMIN ENERGY CORP. (TSX: IDM) (Berlin
Wkn: 469065) Indusmin Energy Corp. is pleased to announce that the
company has completed the rework on Well #11 in its Krasnopolanske gas field in
West Crimea, Ukraine.
Geophysics indicates 4 pay zones with an open outflow rate of 46,000 cubic
meters of gas per day, and a stabilized flow of 32,000 cubic meters a day. This
is the second rework that the company has successfully accomplished in the
Krasnopolanske field; a previous well was reworked completed in January 2002.
The additional flow capacity of this second productive well allows Indusmin to
enter into discussion for a gas sales contract with state-owned gas distribution
companies in the region. Upon completion of this month’s financing, the company
plans to start a third rework in the same field.
“The rework results exceed our initial expectations and confirm accuracy on
existing data, and give us confidence to rework additional wells on the
Krasnopolanske gas field”, reported Carlos Munoz, President and C.E.O., Indusmin
Energy Corp.
For further information please contact:
Carlos Munoz, President & CEO, c.munoz@indusminenergy.ca
INDUSMIN ENERGY CORP.
Tel. No.: (604) 960 9930
Fax No.: (604) 608 4733
http://www.indusminenergy.ca
Symbol: IDMNF (U.S.)
Symbol: IDM (Can.)
Symbol: Wkn: 469065(Berlin)
The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.
end of message, (c)DGAP 03.02.2004
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WKN: 469065; ISIN: CA4557871015; Index:
Listed: Freiverkehr in Berlin
031618 Feb 04
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