UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): February 28, 2003
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TRANS ENERGY, INC.
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(Exact Name of Registrant as Specified in its Charter)
NEVADA 93-0997412 0-23530
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State or Other (Commission (IRS Employer
Jurisdiction) File Number) Identification
Number)
210 Second Street, P.O. Box 393, St. Mary's, West Virginia 26170
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(Address of Principal Executive Offices and Principal Place of Business)
Registrant's Telephone Number, Including Area Code: (304) 684-7053
FORM 8-K
Item 2. Acquisition or Disposition of Assets
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On February 28, 2003, Tyler Construction Company, Inc., a 65% owned
subsidiary of Trans Energy, Inc. (The "Company"), sold 7.6 miles of its 6-inch
pipeline to PC Pipeline, Inc., located in Morgantown, West Virginia. In
consideration for the sale, the Company received 35% of the outstanding stock of
Tyler Construction from Ecological Energy, Inc., an affiliate of PC Pipeline. As
a result of the transaction, the Company now owns 100% of the capital stock of
Tyler Construction.
Also on February 28, 2003, Tyler Construction sold 10 miles of its
4-inch pipeline to Triad Energy Corporation, located in Marietta, Ohio, for the
cash consideration of $270,000. Proceeds from the sale are being used by the
Company to pay down existing short and long-term debt.
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SIGNATURES
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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.
By /S/ ROBERT L. RICHARDS
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Robert L. Richards
President and Chief Executive Officer
Date: March 14, 2003
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