Trans Energy, Inc. Announces Increase in Oil and Natural Gas Sales from Cobham Wells
April 12 2005 - 10:45AM
PR Newswire (US)
Trans Energy, Inc. Announces Increase in Oil and Natural Gas Sales
from Cobham Wells ST. MARYS, W.Va., April 12 /PRNewswire-FirstCall/
-- Trans Energy, Inc. purchased Cobham Gas Industries in November
2004. Oil and natural gas sales for the 3rd quarter of 2004 were
$50,454. During the 4th quarter of 2004, Trans Energy, Inc. took
over production of Cobham and oil and natural gas sales increased
to $75,321.00 for the 4th quarter 2004, an increase of 49%. During
the 1st quarter of 2005 oil and natural gas sales increased to
$90,863.81, an increase of 21% over 4th quarter sales. Trans
Energy, Inc. is engaged in a continuing program of servicing and
re- working oil and natural gas wells in the Cobham inventory at
the time of purchase. During the next quarter, Trans Energy will
continue to bring additional oil and gas wells into production,
which should substantially increase oil and natural gas sales.
Trans Energy, Inc., an aggressive growth energy company (TENG),
specialized in the exploration, completion, drilling, and
production of oil and natural gas in the Appalachian and Powder
River Basin. 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 statement. DATASOURCE: Trans Energy, Inc. CONTACT:
Loren E. Bagley of Trans Energy, Inc., +1-304-684-7053
Copyright