TransAmerican Energy Inc.: 1st Default Status Report

TransAmerican Energy Inc. (TSX VENTURE:TAE)(FRANKFURT:YQJ) (the "Company",
"TAE", or "TransAmerican") announces further to its Notice of Default
disseminated on August 31, 2009 that it is nearing completion of its annual
audited financial statements for the year ended April 30, 2009 (the "Annual
Financial Statements"), which should have been filed by August 28, 2009 as
required by National Instrument 51-102 Continuous Disclosure Obligations.
Although the Company anticipates filing the Annual Financial Statements by
September 28, 2009, the Notice of Default as set out in the August 31, 2009 News
Release currently remains unchanged.


The Company intends to satisfy the provisions of 12-203 by filing a bi-weekly
Default Status Report containing the information prescribed by 12-203, as long
as the Company remains in default of the financial statement filing requirement.


The Company is not currently subject to any insolvency proceedings. If the
Company provides any information to any of its creditors during the period in
which it is in default of filing the Annual Financial Statements, the Company
confirms that it will also file material change reports on SEDAR containing such
information.


TRANSAMERICAN ENERGY INC.

Richard Barnett, Chief Financial Officer