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ST. MARY'S, W.Va., Dec. 23 /PRNewswire-FirstCall/ -- TRANS ENERGY, INC.
(OTC Bulletin Board: TSRG) focused on the basics for the year 2004 and was
successful in achieving corporate objectives. TSRG managed to settle its
legal issues, substantially reduce debt and has acquired by way of merger with
two of our subsidiaries, Arvilla Oilfield Services (Arvilla) and Cobham Gas
Industries, Inc.
The merger with Arvilla results in two major benefits for Trans Energy,
Inc. During the past several years, there was major attrition in the oil and
gas industry resulting in a decline of equipment and personnel in the service
industry. Now that there is an increase in domestic drilling, service
companies are in great demand. Currently, Arvilla is operating at full
capacity. Secondly, as Trans Energy, Inc. begins to develop its acreage Trans
Energy, Inc. will have the ability to provide our own service and will not
have to depend on the services of other companies. Arvilla is expected to
provide a substantial cash flow.
On November 5, 2004 Trans Energy acquired approximately 15,000 lease acres
in Wetzel, Marion and Doddridge counties, West Virginia. This acquisition
includes 229 existing wells, standard operating equipment and a natural gas
pipeline gathering system. There are over 100 quality drill sites with the
potential of multiple productive zones.
Trans Energy, Inc. is developing plans for 2005, which will include
remedial work-over on existing wells, drilling of new wells, and the
construction of a new pipeline system to service these wells.
Additional wells will be developed in Tyler County, West Virginia that
will feed our existing 6" pipeline system.
Trans Energy, Inc., 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 that 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.

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