Strategy

Trans Energy’s strategy is to successfully evaluate and drill its prospective acreage in the Marcellus Shale to convert future drilling locations to the proved category. The Company’s highly predictable and repeatable drilling inventory is positioned in the liquids-rich portion in the core area of the Marcellus Shale in West Virginia. To date, Trans Energy has identified more than 400 potential horizontal drilling locations, of which 127 of these locations could be drilled today upon receipt of required permits. Management has utilized its significant oil and natural gas experience to strategically acquire interests in more than 62,000 gross acres in the West Virginia counties of Marshall, Wetzel, Tyler and Marion, much of which is HBP (Held By Production).