Trans Energy Begins Drilling Third Horizontal Marcellus Well in Marshall County WV
19 11월 2009 - 12:12AM
PR Newswire (US)
ST. MARYS, W.Va., Nov. 18 /PRNewswire-FirstCall/ -- Trans Energy,
Inc. (OTC:TENG) (BULLETIN BOARD: TENG) announced today that it has
begun drilling the Whipkey #1H well in Marshall County, West
Virginia. The Whipkey #1H will be drilled and completed
horizontally in the Marcellus shale. The Company plans to drill the
vertical portion of the Whipkey #1H well to a depth above the
kick-off point of approximately 6,500 feet. A second, larger rig
will follow-on immediately to drill the horizontal portion. James
K. Abcouwer, President and CEO of Trans Energy, said, "We have
to-date successfully drilled four vertical Marcellus wells. We have
also successfully drilled and completed one horizontal Marcellus
well, the Hart #28H, and partially drilled a second horizontal
Marcellus well, the Anderson #7H, both of which are in Wetzel
County, West Virginia. Continuing our horizontal program in another
county is another significant step forward for Trans Energy to
properly develop its acreage position in northern West Virginia."
The Company continues to expand its acreage position centered on
Wetzel, Marion, and Marshall Counties in West Virginia, which it
believes to be the heart of the most prolific natural gas resource
in Appalachia, and one of the greatest in the United States. 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: James K. Abcouwer,
CEO, Trans Energy, Inc., +1-304-422-4062 Web Site:
http://www.transenergyinc.com/
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