Trans Energy Completes Second Marcellus Shale Well

Trans Energy, Inc. has announced that its Dewhurst-50 well in Wetzel County, West Virginia was successfully completed on July 17 and connected to a gas sales line on July 22. The Dewhurst-50 is completed in the Marcellus shale, a prolific new "resource play" in Appalachia, similar to the Barnett Shale which has grown to become a significant base of hydrocarbon reserves in Texas.

The Company continues to be encouraged by the initial production and continues to develop a better understanding of the play's technical aspects. The well is purging water used in the frac process, and is producing gas at a volume and working pressure that indicates this development area may be among the most attractive parts of this new and substantial shale play.

James K. Abcouwer, President and CEO of Trans Energy, said, "This second Marcellus well indicates that the positive results from our first well, the Hart -20, can be replicated throughout our acreage position in northern West Virginia. We are pleased to have achieved a sizeable acreage position centered on the Wetzel-Marion-Doddridge Counties area, which looks to be the heart of the most attractive Marcellus resource in Appalachia."