Trans Energy Announces Marcellus Shale Management Addition
12 5월 2009 - 12:01AM
PR Newswire (US)
ST. MARYS, W.Va., May 11 /PRNewswire-FirstCall/ -- Trans Energy,
Inc. (OTC Bulletin Board: TENG) announced today the hiring of John
G. Corp as Vice President, Northern Region. Mr. Corp will join the
Company on May 15 and will report to Chairman, CEO and President
James K. Abcouwer. In his position, Mr. Corp will have general
management responsibility for all of the company's operations in
the northern panhandle of West Virginia and the possible expansion
into Pennsylvania. He has experience managing development
operations in this area and specifically has recently led drilling
and completion efforts in the Marcellus Shale. Mr. Corp comes to
Trans Energy from AB Resources, LLC, where he was VP Operations.
Prior to that, he spent 17 years with Belden & Blake in
positions of increasing responsibility, including as VP and General
Manager of their Arrow Oilfield Services Co. He has a B.S. in
Petroleum Engineering from Marietta College. Company CEO Jim
Abcouwer said the addition of John Corp to the Trans Energy
management team comes at a critical juncture as the company
finishes its first horizontal Marcellus well and sets out to lower
costs while increasing the productivity of subsequent wells. "We're
fortunate to find John and convince him to join us at this exciting
phase of the company's growth and as we make the technological step
from our first horizontal well to a steady horizontal development
program. We continue to expand our acreage to the north of our
traditional area of operations and we're particularly excited about
the prospects there," said Abcouwer. "We recognize that the quality
of the leaders we add will determine our success during this
transitional period for the oil and gas industry." About Trans
Energy, Inc. Trans Energy, Inc. (OTC:TENG) (BULLETIN BOARD: TENG)
is an oil and gas exploration and development company in the
Appalachian Basin. Further information can be found on the
Company's website at http://www.transenergyinc.com/. Safe Harbor
Statement under the Private Securities Litigation Reform Act of
1995 - Forward-looking statements in this release do not constitute
guarantees of future performance. Such forward-looking statements
are subject to risks and uncertainties that could cause our actual
results to differ materially from those anticipated.
Forward-looking statements in this document include statements
regarding the Company's exploration, drilling and development
plans, the Company's expectations regarding the timing and success
of such programs. Factors that could cause or contribute to such
differences include, but are not limited to, fluctuations in the
prices of oil and gas, uncertainties inherent in estimating
quantities of oil and gas reserves and projecting future rates of
production and timing of development activities, competition,
operating risks, acquisition risks, liquidity and capital
requirements, the effects of governmental regulation, adverse
changes in the market for the Company's oil and gas production,
dependence upon third-party vendors, and other risks detailed in
the Company's periodic report filings with the Securities and
Exchange Commission. For a more detailed discussion of the risks
and uncertainties of our business, please refer to our Annual
Report on Form 10-K for the fiscal year ended December 31, 2008
filed with the Securities and Exchange Commission. We assume no
obligation to update any forward-looking information contained in
this press release or with respect to the announcements described
herein. DATASOURCE: Trans Energy, Inc. CONTACT: TRANS ENERGY, INC.,
James K. Abcouwer, CEO, +1-304-422-4062 Web Site:
http://www.transenergyinc.com/
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