Trans Energy Inc

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St. Marys, West Virginia-based Trans Energy Inc. (TENG.OB) is an oil and gas exploration and development company focusing on the Appalachian Basin. It has drilled four vertical Marcellus shale wells. The Anderson-7H well, located near Jacksonburg in Wetzel County, West Virginia is its first horizontal one.

In October, 2008 the company announced it was in the process of drilling a second horizontal well in Wetzel County named Hart #28H also near Jacksonburg. The vertical part of the well will be drilled down to just above a kickoff point at about 6500 feet and set casing. A larger rig will then be brought in to drill the horizontal portion at a depth of around 7,000 feet.

The company owns drilling rights to 26,000 acres in four northern West Virginia counties: Doddridge, Marion, Marshall, and Wetzel. It operates 271 wells in the State.

It is in the process of building a system of gas gathering pipelines that will connect to interstate pipelines.

James K. Abcouwer is President and CEO of Trans Energy.

Contact: Mark Woodburn, spokesman.