Post by liquidator on Aug 20, 2004 21:10:56 GMT -5
Todays close 0.023 volume 1036097
Trans Energy Updates Natural Gas Pipeline Activity
8/13/2004 2:10:13 PM
ST. MARYS, W.Va., Aug 12, 2004 /PRNewswire-FirstCall via Comtex/ -- A third party has initiated a new six (6) well drilling program in Tyler County, West Virginia. Two (2) wells have been drilled and the third well is currently being drilled. The first well completed was the Nolan Baker #3 and will be put into production next week. All of these wells will be connected to Tyler Construction Co. Inc. 6" gas gathering system. Tyler Construction Co., Inc. is a wholly owned subsidiary of Trans Energy, Inc. ( TSRG ). Tyler Construction Co., Inc. transports third party gas and receives a transportation fee. The income from the transportation is tied to the price of natural gas and the current high price of natural gas will add additional revenue to Trans Energy.
An aggressive growth energy company, TSRG specializes in the exploration, completion, drilling and production of oil and natural gas in the Appalachian and Powder River Basin. Further, TSRG is actively involved in the transmission, transportation and sales of oil and natural gas.
This press release contains forward-looking information made pursuant to the safe harbor provisions of the private Securities Litigation Reform Act of 1995. These forward-looking statements may be affected by certain risks and uncertainties described in the company's filings with the Securities and Exchange Commission. The company's actual results could differ materially from such forward-looking statements.
SOURCE Trans Energy, Inc.
Loren E. Bagley of Trans Energy, Inc., +1-304-684-7053
Trans Energy Updates Natural Gas Pipeline Activity
8/13/2004 2:10:13 PM
ST. MARYS, W.Va., Aug 12, 2004 /PRNewswire-FirstCall via Comtex/ -- A third party has initiated a new six (6) well drilling program in Tyler County, West Virginia. Two (2) wells have been drilled and the third well is currently being drilled. The first well completed was the Nolan Baker #3 and will be put into production next week. All of these wells will be connected to Tyler Construction Co. Inc. 6" gas gathering system. Tyler Construction Co., Inc. is a wholly owned subsidiary of Trans Energy, Inc. ( TSRG ). Tyler Construction Co., Inc. transports third party gas and receives a transportation fee. The income from the transportation is tied to the price of natural gas and the current high price of natural gas will add additional revenue to Trans Energy.
An aggressive growth energy company, TSRG specializes in the exploration, completion, drilling and production of oil and natural gas in the Appalachian and Powder River Basin. Further, TSRG is actively involved in the transmission, transportation and sales of oil and natural gas.
This press release contains forward-looking information made pursuant to the safe harbor provisions of the private Securities Litigation Reform Act of 1995. These forward-looking statements may be affected by certain risks and uncertainties described in the company's filings with the Securities and Exchange Commission. The company's actual results could differ materially from such forward-looking statements.
SOURCE Trans Energy, Inc.
Loren E. Bagley of Trans Energy, Inc., +1-304-684-7053