Trans Energy Completes First Horizontal Well in Marcellus Shale

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Trans Energy Completes First Horizontal Well in Marcellus Shale

15/04/2009 4:01pm

PR Newswire (US)

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ST. MARYS, W.Va., April 15 /PRNewswire-FirstCall/ -- Trans Energy, Inc. (OTC:TENG) (BULLETIN BOARD: TENG) announced today that it has completed its Hart #28H well in Wetzel County, West Virginia. The Hart #28H was drilled and completed horizontally in the Marcellus shale, a prolific new "resource play" in Appalachia, similar to the Barnett, Fayetteville and Haynesville shales in Texas, Arkansas and Louisiana. The well is purging water used in the frac process and was turned in to a gas sales line last Friday. The Company indicated that the well's volume and working pressure confirm that this development area is among the most attractive parts of this substantial shale play. James K. Abcouwer, President and CEO of Trans Energy, said, "Completing this first horizontal well is a significant step in our process to become one of the leading natural gas producers in the eastern region. We intend to repeat this success throughout our expanding acreage position. Our next horizontal Marcellus well, the Anderson #7H is already started, with the surface and intermediate strings cased and cemented." The Company continues to expand its acreage position centered on the Wetzel, Marion, Marshall, and Doddridge Counties area, which it believes to be the heart of the most prolific natural gas resource in Appalachia, and possibly the United States. 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, 2007 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: James K. Abcouwer, CEO of Trans Energy, Inc., +1-304-422-4062 Web Site: http://www.transenergyinc.com/

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