Trans Energy Buys Interest in Wells
July 18 2005 - 12:46PM
PR Newswire (US)
Trans Energy Buys Interest in Wells ST. MARYS, W.Va., July 18
/PRNewswire-FirstCall/ -- Trans Energy, Inc. (OTC:TENG) (BULLETIN
BOARD: TENG) signed a contract with Texas Keystone, Incorporated in
which Trans Energy will have a 5% working interest in fourteen (14)
wells being drilled by Texas Keystone in Tyler County, West
Virginia. All gas from these wells will be tied into a 6-inch
pipeline owned by Tyler Construction Company, Inc., a wholly owned
subsidiary of Trans Energy, Inc. The location of these wells can be
seen on Trans Energy's website. 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 Basin. Further, TENG is actively
involved in the transmission, transportation and sales of oil and
natural gas. Statements in this release relating to future plans,
projections, events, or conditions are forward-looking statements.
Actual results, including production growth and capital spending,
could differ materially due to changes in market conditions
affecting the oil and natural gas industry or long-term oil and
natural gas prices; political events or disturbances; reservoir
performance; changes in OPEV quotas; completion of development
projects; changes in technical or operating conditions; and other
factors discussed in Trans Energy's 2004 Form 10-KSB and the first
quarter 2005 10-QSB. 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.tranenergy.com/
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