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TENG Direxion Daily 5g Communications Bull 2x Shares

14.25
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Name Symbol Market Type
Direxion Daily 5g Communications Bull 2x Shares AMEX:TENG AMEX Exchange Traded Fund
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 14.25 0 01:00:00

Trans Energy, Inc. Substantially Increases Gas Flows In 6" Pipeline System

14/07/2005 5:02pm

PR Newswire (US)


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Trans Energy, Inc. Substantially Increases Gas Flows In 6" Pipeline System ST. MARYS, WVa., July 14 /PRNewswire-FirstCall/ -- Tyler Construction Company, Inc., a wholly owned subsidiary of Trans Energy, Inc., (OTC:TENG) (BULLETIN BOARD: TENG) announced today that flows in it's 6" pipeline system have increased approximately thirty percent (30%) in the past thirty (30) days. This increase is due to eight (8) new wells being turned into the system. Within the next thirty (30) days six (6) additional new wells will be tied into this system. The additional gas in the system will substantially increase transportation revenues received by Tyler Construction. Additional drilling in the area this pipeline serves is very probable beginning this fall. Trans Energy, Inc. an aggressive growth energy company (TENG) specializes in the exploration, completion, drilling and production of oil and natural gas in the Appalachian and Powder River Basin. Further, TENG is actively involved in the transmission, transportation and sales of oil and natural gas. This press release contains forward-looking information that may be affected by certain risks and uncertainties described in the company's filing with the Securities and Exchange Commission. The company's actual results could differ materially from such forward-looking statements. We assume no duty to update these statements at any future date. DATASOURCE: Trans Energy, Inc. CONTACT: Clarence E. Smith of Trans Energy, Inc., +1-304-665-2652, or Web site: http://www.transenergy.com/

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