UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): September 29, 2004
TRANS ENERGY, INC.
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(Exact name of registrant as specified in its charter)
NEVADA 0-023530 93-0997412
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
210 Second Street, P.O. Box 393, St. Mary's, West Virginia 26170
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(Address of principal executive offices)
Registrant's telephone number, including area code: (304) 684-7053
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
FORM 8-K
Section 8 - Other Events
Item 801. Other Events
On September 29, 2004, Trans Energy, Inc. entered into a preliminary
agreement with Texas Energy Trust Company, a Delaware Business Trust with
offices in Irving, Texas ("TETCO"), whereby Trans Energy will acquire from TETCO
certain oil and gas leases and leasehold interests located in Wetzel and Marion
Counties, West Virginia. The assets to be acquired include wells, pipelines, gas
purchase agreements, oil hauling agreements, equipment, right of ways and other
miscellaneous items related to the leases. A total of 229 wells are being
acquired, of which 98 are currently producing, located on approximately 15,000
leased acres.
In exchange for the assets to be acquired, Trans Energy has agreed to pay
TETCO a purchase price consisting of cash and shares of Trans Energy restricted
common stock. The final price is to be determined upon finalization of financial
statements and appropriate due diligence.
It is the intent of the parties that the acquisition will close within
approximately 30 days and upon the satisfactory completion of Trans Energy's due
diligence. There can be no assurance that the acquisition of assets will be
consummated or, if consummated, that it will be consummated on the terms
initially agreed upon.
Notes about Forward-looking Statements
Statements contained in this Current Report which are not historical facts,
including all statements regarding the consummation of the acquisition of
assets, may be considered "forward-looking statements" under the Private
Securities Litigation Reform Act of 1995. Forward-looking statements are based
on current expectations and the current economic environment. Trans Energy
cautions the reader that such forward-looking statements are not guarantees of
future performance. Unknown risks and uncertainties as well as other
uncontrollable or unknown factors could cause actual results to materially
differ from the results, performance or expectations expressed or implied by
such forward-looking statements.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TRANS ENERGY, INC.
Date: October 5, 2004 By /S/ ROBERT L. RICHARDS
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Robert L. Richards
President and Chief Executive Officer
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