Trans Energy, Inc. Announces Six (6) New Wells to be Added to Their Transportation System

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

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Direxion Daily 5g Communications Bull 2x Shares

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	Price Change	% Change	Price	High Price	Low Price	Open Price	Traded	Last Trade
	0.00	0.00%	14.25				0	01:00:00

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Trans Energy, Inc. Announces Six (6) New Wells to be Added to Their Transportation System

16/09/2005 6:44pm

PR Newswire (US)

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ST. MARYS, W.Va., Sept. 16 /PRNewswire-FirstCall/ -- Based upon the success of the last fourteen (14) wells drilled in Tyler County West Virginia and tied into Tyler Construction Company's (a wholly owned subsidiary of Trans Energy, Inc. (OTC:TENG) (BULLETIN BOARD: TENG) transportation system, an additional six (6) wells will be drilled commencing September 26, 2005. Management estimates that if these six (6) wells are successfully drilled, completed and put on line, this will increase gas volumes by approximately twenty (20%) percent in our transportation system. Management believes these wells will go into production immediately after being successfully completed. The gas price for the month of September on inside FERC-DTI is $13.17 per MCF. Most analysts are predicting gas prices to remain high for the immediate future. Disruptions to the market have occurred as a result of Hurricane Katrina. This coupled with high demand creates a strong market for natural gas. 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 Basins. 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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TENG Direxion Daily 5g Communications Bull 2x Shares