Trans Energy Announces Increased Production from Lyon Lease

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Direxion Daily 5g Communications Bull 2x Shares	AMEX:TENG	AMEX	Exchange Traded Fund

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Trans Energy Announces Increased Production from Lyon Lease

11/01/2006 1:00pm

PR Newswire (US)

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ST. MARYS, W.Va., Jan. 11 /PRNewswire-FirstCall/ -- Trans Energy Inc. announced today that a well it recently completed in Doddridge County, WV, is producing approximately 100,000 cubic feet per day of natural gas. Trans Energy said the new well, Lyon #2, is within its Lyon lease holdings in Doddridge County, and was drilled to 3,150 feet with two production zones. It is adjacent to the existing 100-year-old Lyon #1, still producing 50,000 cubic feet per day. Trans Energy owns the lease and all of the working interest in both wells, whose output is currently generating approximately $45,000 per month in revenue to Trans Energy. The Company said that it has surveyed three additional potential drill sites within the Lyon property. One of those is expected to be drilled in the spring. If the first is successful, the Company intends to drill the other two immediately thereafter. James K. Abcouwer, president and CEO of Trans Energy, said the stepped-up drilling and production activity reflects the company's commitment to oil and natural gas exploration and production, principally within its Appalachian Basin territories. "This Lyon's well is an example of how we will be focusing our efforts on high-potential properties to increase cash flow. That cash flow will enable us to increase leasehold positions in targeted development areas," Abcouwer said. "We will move as quickly as possible, both independently and with strategic partners, to increase our energy exploration, development and production programs." Trans Energy, Inc. (OTC:TENG) (BULLETIN BOARD: TENG) specializes in the exploration, completion, drilling and production of oil and natural gas in the Appalachian and Powder River Basins. Further, the company 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, including those risks and uncertainties described in the company's most recent Form 10-KSB 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: Bill Roberts, or Wayne Buckhout of CTC Investor Relations, +1-937-434-2700, for Trans Energy, Inc.

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