Trans Energy Announces Marcellus Shale Management Addition

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

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ST. MARYS, W.Va., May 11 /PRNewswire-FirstCall/ -- Trans Energy, Inc. (OTC Bulletin Board: TENG) announced today the hiring of John G. Corp as Vice President, Northern Region. Mr. Corp will join the Company on May 15 and will report to Chairman, CEO and President James K. Abcouwer. In his position, Mr. Corp will have general management responsibility for all of the company's operations in the northern panhandle of West Virginia and the possible expansion into Pennsylvania. He has experience managing development operations in this area and specifically has recently led drilling and completion efforts in the Marcellus Shale. Mr. Corp comes to Trans Energy from AB Resources, LLC, where he was VP Operations. Prior to that, he spent 17 years with Belden & Blake in positions of increasing responsibility, including as VP and General Manager of their Arrow Oilfield Services Co. He has a B.S. in Petroleum Engineering from Marietta College. Company CEO Jim Abcouwer said the addition of John Corp to the Trans Energy management team comes at a critical juncture as the company finishes its first horizontal Marcellus well and sets out to lower costs while increasing the productivity of subsequent wells. "We're fortunate to find John and convince him to join us at this exciting phase of the company's growth and as we make the technological step from our first horizontal well to a steady horizontal development program. We continue to expand our acreage to the north of our traditional area of operations and we're particularly excited about the prospects there," said Abcouwer. "We recognize that the quality of the leaders we add will determine our success during this transitional period for the oil and gas industry." About Trans Energy, Inc. Trans Energy, Inc. (OTC:TENG) (BULLETIN BOARD: TENG) is an oil and gas exploration and development company in the Appalachian Basin. Further information can be found on the Company's website at http://www.transenergyinc.com/. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Forward-looking statements in this release do not constitute guarantees of future performance. Such forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. Forward-looking statements in this document include statements regarding the Company's exploration, drilling and development plans, the Company's expectations regarding the timing and success of such programs. Factors that could cause or contribute to such differences include, but are not limited to, fluctuations in the prices of oil and gas, uncertainties inherent in estimating quantities of oil and gas reserves and projecting future rates of production and timing of development activities, competition, operating risks, acquisition risks, liquidity and capital requirements, the effects of governmental regulation, adverse changes in the market for the Company's oil and gas production, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. For a more detailed discussion of the risks and uncertainties of our business, please refer to our Annual Report on Form 10-K for the fiscal year ended December 31, 2008 filed with the Securities and Exchange Commission. We assume no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein. DATASOURCE: Trans Energy, Inc. CONTACT: TRANS ENERGY, INC., James K. Abcouwer, CEO, +1-304-422-4062 Web Site: http://www.transenergyinc.com/

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TENG Direxion Daily 5g Communications Bull 2x Shares