TransCoastal Reports Initial Results of Asset Development Program

DALLAS, Aug. 21, 2014 /PRNewswire/ -- TransCoastal Corporation (OTCQB: TCEC), ("TransCoastal"), an independent energy development company, announced today the initial results of their Proved Developed Non-Producing ("PDNP") well development program that began on August 1, 2014.

The Company has recompleted six of its PDNP wells from its PDNP well inventory that encompasses $83 million of the $204 million in Company estimated proved reserves.  The initial production of the reworked wells on average is 5bbl/day and 6mcf/day per well, which the company believes is in line with engineering projections.

"We are very excited about the initial results of our development program, as we continue to fulfill our business model by monetizing our assets," said Andy Westmoreland, President of Operations.

About TransCoastal:
TransCoastal Corporation is an independent oil & gas company formed in August 1998 and headquartered in Dallas, Texas. Since inception, TransCoastal's growth has focused on the acquisition of producing oil and gas properties. The Company's strategy is driven by exploitation opportunities of proven yet underdeveloped mature oil and gas fields, which possess long-life reserve potential with low risk development opportunities. For further information on the Company, please visit TransCoastal's website at www.TransCoastal.net.

Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" (statements which are not historical facts) made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations rather than historical facts and they are indicated by words or phrases such as "anticipate," "could," "may," "might," "potential," "predict," "should," "estimate," "expect," "project," "believe," "plan," "envision," "continue," "intend," "target," "contemplate," or "will" and similar words or phrases or comparable terminology. We have based such forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, many of which are beyond our control. These factors include, but are not limited to, the timing and extent of changes in market conditions and prices for natural gas and oil; the timing and extent of the company's success in discovering, developing, producing and estimating reserves; the economic viability of, and the company's success in drilling, the company's ability to fund the company's planned capital investments; the company's future property acquisition or divestiture activities; increased competition; and any other factors listed in the reports the company has filed and may file with the Securities and Exchange Commission (SEC). Investors are cautioned not to place undue reliance on these forward-looking statements, which are valid only as of the date they were made. The Company undertakes no obligation to update or revise any forward-looking statements to reflect new information or the occurrence of unanticipated events or otherwise.

SOURCE TransCoastal Corporation

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