UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

[X]      QUARTERLY  REPORT  PURSUANT  TO SECTION  13 OR 15(d) OF THE  SECURITIES
         EXCHANGE ACT OF 1934

                    For the Quarter Ended September 30, 2005

                                       OR

[ ]      TRANSITION  REPORT  PURSUANT  TO SECTION 13 OR 15(d) OF THE  SECURITIES
         EXCHANGE ACT OF 1934

                        For the transition period from to

                         Commission File Number 0-23530

                               TRANS ENERGY, INC.
        (Exact name of small business issuer as specified in its charter)

          Nevada                                                  93-0997412
-------------------------------                                   ----------
(State or other jurisdiction of                               (I.R.S. Employer
incorporation or organization)                               Identification No.)

         210 Second Street, P.O. Box 393, St. Marys, West Virginia 26170
                    (Address of principal executive offices)

Registrant's telephone no., including area code:  (304)  684-7053

         Check whether the issuer (1) filed all reports  required to be filed by
Section 13 or 15(d) of the  Securities  Exchange  Act of 1934 during the past 12
months (or for such shorter period that the registrant was required to file such
reports),  and (2) has been subject to such filing  requirements for the past 90
days. Yes X No

         Indicate by check mark whether the  registrant  is a shell  company (as
defined in Rule 12b-2 of the Exchange Act). Yes [ ]   No [X]

                      APPLICABLE ONLY TO CORPORATE ISSUERS

         State the number of shares  outstanding of each of the issuer's classes
of common equity, as of the latest practicable date.

           Class                              Outstanding as of October 31, 2005
-----------------------------                 ----------------------------------
Common Stock, $.001 par value                            4,976,766






<PAGE>

<TABLE>
<CAPTION>

                                TABLE OF CONTENTS

Heading                                                                                                Page
-------                                                                                                ----
                                            PART I. FINANCIAL INFORMATION

<S>          <C>                                                                                          <C>
Item 1.      Financial Statements....................................................................       3

Item 2.      Management's Discussion and Analysis and Results of Operations..........................      17

Item 3.      Controls and Procedures.................................................................      20

                                              PART II. OTHER INFORMATION

Item 1.      Legal Proceedings.......................................................................      21

Item 2.      Unregistered Sales of Equity Securities and Use of Proceeds.............................      21

Item 3.      Defaults Upon Senior Securities.........................................................      21

Item 4.      Submission of Matters to a Vote of Securities Holders...................................      21

Item 5.      Other Information.......................................................................      22

Item 6.      Exhibits and Reports on Form 8-K........................................................      22

             Signatures..............................................................................      23
</TABLE>


                                      -2-
<PAGE>




<PAGE>

                                     PART I

Item 1.       Financial Statements

     The  accompanying  consolidated  balance  sheet of Trans  Energy,  Inc.  at
September  30,  2005  (unaudited)  and  December  31,  2004,  related  unaudited
consolidated  statements  of  operations  for the  three and nine  months  ended
September 30, 2005 and 2004,  stockholders'  equity (deficit) and cash flows for
the nine months ended  September  30, 2005 and 2004,  have been  prepared by our
management in conformity with accounting  principles  generally  accepted in the
United  States  of  America.  In the  opinion  of  management,  all  adjustments
considered  necessary for a fair  presentation  of the  consolidated  results of
operations and consolidated  financial  position have been included and all such
adjustments are of a normal recurring nature.  Operating results for the quarter
ended September 30, 2005, are not necessarily indicative of the results that can
be expected for the fiscal year ending December 31, 2005.









                               TRANS ENERGY, INC.
                                AND SUBSIDIARIES

                        CONSOLIDATED FINANCIAL STATEMENTS

                    September 30, 2005 and December 31, 2004





                                      -3-
<PAGE>



                       TRANS ENERGY, INC. AND SUBSIDIARIES
                           Consolidated Balance Sheets


                                     ASSETS

                                         September 30,  December 31,
                                              2005          2004
                                          -----------   -----------
                                          (Unaudited)
CURRENT ASSETS

   Cash                                   $   239,010   $    79,662
   Accounts receivable, net                 2,349,150       653,917
   Other receivables                            4,222         8,825
   Prepaid expenses                            84,799         1,223
                                          -----------   -----------

     Total Current Assets                   2,677,181       743,627
                                          -----------   -----------

PROPERTY AND EQUIPMENT, NET                 7,099,209     3,372,599
                                          -----------   -----------

OTHER ASSETS
   Bonds                                         --          50,159
   Deposits                                    29,574         1,400
   Investment in Texas Keystone Wells         175,000          --
   Customer lists, net                        557,563          --
   Life insurance, cash surrender value        67,726        66,326
                                          -----------   -----------

     Total Other Assets                       829,863       117,885
                                          -----------   -----------

     TOTAL ASSETS                         $10,606,253   $ 4,234,111
                                          ===========   ===========

                   The accompanying notes are an integral part
             of these condensed consolidated financial statements.

                                      -4-
<PAGE>

<TABLE>
<CAPTION>

                       TRANS ENERGY, INC. AND SUBSIDIARIES
                     Consolidated Balance Sheets (Continued)

                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

                                                                 September 30,   December 31,
                                                                     2005            2004
                                                                 ------------    ------------
                                                                 (Unaudited)
CURRENT LIABILITIES

<S>                                                              <C>             <C>
   Accounts payable - trade                                      $  2,120,291    $  1,277,375
   Related party payables (Note 5)                                  1,142,012         719,199
   Accrued expenses                                                 1,089,764         844,858
   Judgments payable (Note 3)                                          70,379          70,379
   Debentures payable                                                  50,000          50,000
   Notes payable - current portion                                    713,004         762,247
                                                                 ------------    ------------

      Total Current Liabilities                                     5,185,450       3,724,058
                                                                 ------------    ------------

LONG-TERM LIABILITIES

   Notes payable                                                    4,074,786         108,190
   Asset retirement obligation                                        962,877       1,571,749
                                                                 ------------    ------------

     Total Long-Term Liabilities                                    5,037,663       1,679,939
                                                                 ------------    ------------

       Total Liabilities                                           10,223,113       5,403,997
                                                                 ------------    ------------

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY (DEFICIT) (Note 7)

   Preferred stock; 10,000,000 shares authorized at $0.001 par
    value; -0- shares issued and outstanding                             --              --
   Common stock; 500,000,000 shares authorized at $0.001 par
    value; 4,956,765 and 3,555,074 shares issued
   and outstanding, respectively                                        4,957           3,555
   Treasury stock, 244,633 shares held at cost                       (286,467)           --
   Capital in excess of par value                                  30,795,793      27,854,647
   Comprehensive Income                                                (1,808)           --
   Deferred expenses                                                  (74,000)           --
   Accumulated deficit                                            (30,055,335)    (29,028,088)
                                                                 ------------    ------------

     Total Stockholders' Equity (Deficit)                             383,140      (1,169,886)
                                                                 ------------    ------------

     TOTAL LIABILITIES AND STOCKHOLDERS'
       EQUITY (DEFICIT)                                          $ 10,606,253    $  4,234,111
                                                                 ============    ============
</TABLE>

                   The accompanying notes are an integral part
             of these condensed consolidated financial statements.


                                      -5-
<PAGE>

<TABLE>
<CAPTION>

                       TRANS ENERGY, INC. AND SUBSIDIARIES
       Consolidated Statements of Operations and Other Comprehensive Loss
                                   (Unaudited)

                                                For the                        For the
                                          Three Months Ended              Nine Months Ended
                                             September 30,                  September 30,
                                     ----------------------------    ----------------------------
                                         2005            2004            2005            2004
                                     ------------    ------------    ------------    ------------

<S>                                  <C>             <C>             <C>             <C>
REVENUES                             $  3,958,510    $    325,652    $  9,847,711    $  1,460,627
                                     ------------    ------------    ------------    ------------

COSTS AND EXPENSES

  Cost of oil and gas                   3,081,216         319,548       7,416,403       1,387,919
  Salaries and wages                       45,540         107,230         162,219         287,252
  Depreciation, depletion
   amortization and accretion             443,529          89,574       1,164,307         230,414
  Selling, general and
   administrative                         702,445          17,986       1,818,062         125,645
                                     ------------    ------------    ------------    ------------

     Total Costs and Expenses           4,272,730         534,338      10,560,991       2,031,230
                                     ------------    ------------    ------------    ------------

LOSS FROM OPERATIONS                     (314,220)       (208,686)       (713,280)       (570,603)
                                     ------------    ------------    ------------    ------------

OTHER INCOME (EXPENSE)

 Gain (loss) on extinguishment
   of debt                                 (2,306)        288,398            --            41,562
  Net gain (loss)on sale of assets       (152,411)           --          (160,275)        175,910
  Other income                            116,064             225         124,357           9,353
  Tax assessment                             --           (18,102)           --           (18,102)
  Interest expense                        (82,029)        (52,559)       (278,049)       (161,759)
                                     ------------    ------------    ------------    ------------

     Total Other Income
      (Expense)                          (120,682)        217,962        (313,967)         46,964
                                     ------------    ------------    ------------    ------------

INCOME (LOSS) FROM OPERATIONS
 BEFORE INCOME TAXES                     (434,902)          9,276      (1,027,247)       (523,639)

INCOME TAXES                                 --              --              --              --
                                     ------------    ------------    ------------    ------------

NET INCOME (LOSS)                    $   (434,902)   $      9,276    $ (1,027,247)   $   (523,639)
                                     ------------    ------------    ------------    ------------
</TABLE>


                   The accompanying notes are an integral part
             of these condensed consolidated financial statements.


                                      -6-
<PAGE>

<TABLE>
<CAPTION>

                       TRANS ENERGY, INC. AND SUBSIDIARIES
 Consolidated Statements of Operations and Other Comprehensive Loss (continued)
                                   (Unaudited)



                                     For the                       For the
                                Three Months Ended             Nine Months Ended
                                   September 30,                 September 30,
                            --------------------------   --------------------------
                               2005            2004          2005           2004
                            -----------    -----------   -----------    -----------

<S>                         <C>            <C>           <C>            <C>
NET INCOME (LOSS)           $  (434,902)   $     9,276   $(1,027,247)   $  (523,639)

OTHER COMPRHENSIVE LOSS
   Changes due to hedging
       activities                  --             --          (1,808)          --
                            -----------    -----------   -----------    -----------

NET COMPREHENSIVE
   INCOME (LOSS)            $  (434,902)   $     9,276   $(1,029,055)   $  (523,639)
                            ===========    ===========   ===========    ===========


BASIC LOSS PER SHARE        $     (0.09)   $      0.00   $     (0.22)   $     (0.27)
                            ===========    ===========   ===========    ===========

WEIGHTED AVERAGE
 NUMBER OF SHARES
 OUTSTANDING                  4,876,118      1,957,108     4,692,358      1,950,411
                            ===========    ===========   ===========    ===========

</TABLE>



                   The accompanying notes are an integral part
             of these condensed consolidated financial statements.



                                      -7-
<PAGE>

<TABLE>
<CAPTION>

                       TRANS ENERGY, INC. AND SUBSIDIARIES
            Consolidated Statement of Stockholders' Equity (Deficit)
                                 (split table)




                                            Preferred Stock               Common Stock               Treasury Stock
                                     ---------------------------  ---------------------------    -----------------------
                                                                    Accumulated
                                         Shares         Amount        Shares         Amount         Shares         Amount
                                     ------------   ------------   ------------   ------------   ------------   ------------

<S>                                  <C>            <C>               <C>         <C>            <C>            <C>
Balance, December 31, 2004                   --     $       --        3,555,074   $      3,555           --     $       --
Common stock issued for
   services to be rendered
   (unaudited)                               --             --           50,000             50           --             --

Common stock issued for
   the conversion of debt
   (unaudited)                               --             --           25,000             25           --             --

Common stock issued for
   the conversion of debt
   (unaudited)                               --             --          141,667            142           --             --

Common stock issued for
   purchase of Arvilla
   (unaudited)                               --             --        1,185,024          1,185           --             --

Changes due to hedging activities            --             --             --             --             --             --
     (unaudited)

Contributed services (unaudited)             --             --             --             --             --             --

Stock exchanged for the sale
   of Cobham (unaudited)                     --             --             --             --          244,633       (286,467)

Net loss for the nine months ended
   September 30, 2005 (unaudited)            --             --             --             --             --             --
                                     ------------   ------------   ------------   ------------   ------------   ------------

Balance, September 30, 2005
(unaudited)                                  --     $       --        4,956,765   $      4,957        244,633   $   (286,467)
                                     ============   ============   ============   ============   ============   ============
</TABLE>

                                                              (continued)

                   The accompanying notes are an integral part
             of these condensed consolidated financial statements.


                                      -8A-
<PAGE>

                       TRANS ENERGY, INC. AND SUBSIDIARIES
            Consolidated Statement of Stockholders' Equity (Deficit)
                                   (continued)

                                     Capital In
                                      Excess of    Comprehensive
                                      Par Value        Income         Deficit
                                     ------------   ------------    ------------

Balance, December 31, 2004          $ 27,854,647   $       --      $(29,028,088)
Common stock issued for
   services to be rendered
   (unaudited)                            92,450           --              --

Common stock issued for
   the conversion of debt
   (unaudited)                            49,975           --              --

Common stock issued for
   the conversion of debt
   (unaudited)                           254,858           --              --

Common stock issued for
   purchase of Arvilla
   (unaudited)                         2,368,863           --              --

Changes due to hedging activities           --           (1,808)           --
     (unaudited)

Contributed services (unaudited)         175,000           --              --

Stock exchanged for the sale
   of Cobham (unaudited)                    --             --              --

Net loss for the nine months ended
   September 30, 2005 (unaudited)           --             --        (1,027,247)
                                    ------------   ------------    ------------

Balance, September 30, 2005
(unaudited)                         $ 30,795,793   $     (1,808)   $(30,055,335)
                                    ============   ============    ============

                                      -8B-
<PAGE>

<TABLE>
<CAPTION>
                       TRANS ENERGY, INC. AND SUBSIDIARIES
                      Consolidated Statements of Cash Flows
                                   (Unaudited)
                                                                For the Nine Months Ended
                                                                       September 30,
                                                                  2005            2004
                                                               -----------    -----------

CASH FLOWS FROM OPERATING ACTIVITIES:

<S>                                                            <C>            <C>
   Net loss                                                    $(1,027,247)   $  (523,639)
   Adjustments to reconcile net loss to net cash provided by
    operating activities:
     Depreciation, depletion, amortization and accretion         1,164,307        230,414
     Amortization of deferred expenses                              18,500           --
    Net loss (gain) from sale of assets                            160,275       (175,910)
     (Gain) loss on extinguishment of debt                            --          (41,563)
     Contributed services                                          175,000           --
   Changes in operating assets and liabilities:
     (Increase) in accounts receivable                            (564,511)       (38,595)
     Decrease in prepaids                                          (83,576)          --
     Decrease in other current assets                                7,833           --
     Decrease in other assets                                       (1,400)          --
     Increase in accounts payable and
      current liabilities                                          384,160        670,681
     Increase in accrued expenses                                   53,123           --
                                                               -----------    -----------

       Net Cash Provided by Operating Activities                   286,464        121,388
                                                               -----------    -----------

CASH FLOWS FROM INVESTING ACTIVITIES:
   Payment for other assets                                       (236,791)          --
   Proceeds from sale of assets                                     76,575        201,000
   Borrowings from life insurance policy                              --            1,708
   Cash acquired from subsidiary                                   408,333           --
   Expenditures for property and equipment                        (556,155)          (440)
                                                               -----------    -----------

       Net Cash Provided (Used) by Investing Activities           (308,038)       202,268
                                                               -----------    -----------

CASH FLOWS FROM FINANCING ACTIVITIES:

   Change in bank overdraft                                           --          (49,120)
   Payments on related party payables                              (67,765)      (141,757)
   Proceeds from related party notes                               637,088           --
   Principal payments on notes payable                            (378,401)      (119,993)
                                                               -----------    -----------

       Net Cash Provided (Used) by Financing Activities            190,922       (310,870)
                                                               -----------    -----------

NET INCREASE IN CASH                                               159,348         12,786

CASH, BEGINNING OF PERIOD                                           79,662            183
                                                               -----------    -----------

CASH, END OF PERIOD                                            $   239,010    $    12,969
                                                               ===========    ===========
</TABLE>

                   The accompanying notes are an integral part
             of these condensed consolidated financial statements.

                                      -9-
<PAGE>

<TABLE>
<CAPTION>

                       TRANS ENERGY, INC. AND SUBSIDIARIES
                Consolidated Statements of Cash Flows (Continued)
                                   (Unaudited)
                                                              For the Nine Months Ended
                                                                       September 30,
                                                                  2005            2004
                                                               -----------    -----------

CASH PAID FOR:

<S>                                                            <C>            <C>
   Interest                                                    $      --      $   44,057
   Income taxes                                                $      --      $     --

NON-CASH FINANCING ACTIVITIES:

   Common stock issued for debt relief                         $   305,000    $   47,856
   Common stock issued for services to
     be rendered                                               $    92,500    $   26,000
   Common stock issued for the net assets
   over liabilities in the purchase
     of Arvilla Inc. and subsidiary                            $ 2,370,048    $     --

   Contributed services                                        $   175,000    $     --
</TABLE>

                   The accompanying notes are an integral part
             of these condensed consolidated financial statements.


                                      -10-
<PAGE>
                       TRANS ENERGY, INC. AND SUBSIDIARIES
       Notes to the Unaudited Condensed Consolidated Financial Statements
                    September 30, 2005 and December 31, 2004


NOTE 1 -      BASIS OF FINANCIAL STATEMENT PRESENTATION

              The  accompanying   unaudited  condensed   consolidated  financial
              statements have been prepared by the Company pursuant to the rules
              and regulations of the Securities and Exchange Commission. Certain
              information  and  footnote   disclosures   normally   included  in
              financial   statements  prepared  in  accordance  with  accounting
              principles generally accepted in the United States of America have
              been  condensed  or  omitted  in  accordance  with such  rules and
              regulations.  The information  furnished in the interim  condensed
              consolidated   financial   statements  includes  normal  recurring
              adjustments and reflects all adjustments, which, in the opinion of
              management,   are  necessary  for  a  fair  presentation  of  such
              financial statements. Although management believes the disclosures
              and information presented are adequate to make the information not
              misleading,   it  is  suggested   that  these  interim   condensed
              consolidated  financial statements be read in conjunction with the
              Company's  most  recent  audited  financial  statements  and notes
              thereto  included in its December  31, 2004 Annual  Report on Form
              10-KSB.  Operating  results  for the three and nine  months  ended
              September 30, 2005 are not  necessarily  indicative of the results
              that may be expected for the year ending December 31, 2005.


NOTE 2 -      GOING CONCERN

              The Company's  condensed  consolidated  financial  statements  are
              prepared using  accounting  principles  generally  accepted in the
              United  States of  America  applicable  to a going  concern  which
              contemplates   the   realization  of  assets  and  liquidation  of
              liabilities  in the normal  course of  business.  The  Company has
              incurred cumulative operating losses through September 30, 2005 of
              $30,055,335  and has a working  capital  deficit at September  30,
              2005 of $2,526,769. Revenues have not been sufficient to cover its
              operating costs and to allow it to continue as a going concern. he
              potential   proceeds  from  the  sale  of  common   stock,   other
              contemplated debt and equity financing, and increases in operating
              revenues from new development would enable the Company to continue
              as a going concern. There can be no assurance that the Company can
              or will be able to complete any debt or equity financing. If these
              are  not  successful,  management  is  committed  to  meeting  the
              operational cash flow needs of the Company.

NOTE 3 -      CONTINGENCIES AND COMMITTMENTS

              Core Laboratories, Inc.

              On July 28,  1999,  Core  Laboratories,  Inc.  (Core)  obtained  a
              judgment  against  the  Company  for  non-payment  of an  accounts
              payable.  The judgment  calls for monthly  payments of $351 and is
              bearing  interest at 10.00% per annum.  At September  30, 2005 the
              Company had accrued a balance including  interest of $13,587 which
              is included in  judgments  payable.  The Company is  currently  in
              default on this judgment.


                                      -11-
<PAGE>
                       TRANS ENERGY, INC. AND SUBSIDIARIES
       Notes to the Unaudited Condensed Consolidated Financial Statements
                    September 30, 2005 and December 31, 2004


NOTE 3 -      CONTINGENCIES AND COMMITMENTS (continued)

              RR Donnelly

              On July 1, 1998, RR Donnelly (RR) obtained a judgment  against the
              Company for  non-payment of accounts  payable.  The judgment calls
              for monthly  payments of $3,244 and is bearing  interest at 10.00%
              per annum.  At  September  30,  2005,  the  Company  has accrued a
              balance  including  interest  of  $56,792  which  is  included  in
              judgment payable as a current liability.  The Company is currently
              in default on this judgment.

              Tioga Lumber Company

              On September 22, 2000, Tioga Lumber Company obtained a judgment of
              $43,300 plus  interest in the Circuit  Court of Pleasants  County,
              West Virginia,  against Tyler  Construction  Company for breach of
              contract.  On February 28, 2002,  we reached a negotiated  payment
              schedule with Tioga and made the initial payment.  We believe that
              we have  satisfied  the  balance  owed  to  Tioga  of  $26,233.58,
              although the judgment has not yet been released. We are proceeding
              to secure the release of the judgment.

              Arvilla  Oilfield  Services  is  required  under  a  certain  loan
              agreement to maintain  specific  financial  ratios under covenants
              contained  in the  loan  agreement.  At  September  30,  2005  and
              December 31, 2004 Arvilla was in compliance with those covenants.

NOTE 4 -      BUSINESS SEGMENTS

              The Company adopted SFAS No. 131, "Disclosure about Segments of an
              Enterprise  and Related  Information."  Prior period  amounts have
              been restated to conform to the  requirements  of this  statement.
              The Company  conducts its  operations  principally  as oil and gas
              sales with Trans  Energy and Prima Oil and  pipeline  transmission
              with Ritchie County and Tyler Construction.

              Certain financial information  concerning the Company's operations
              in different industries is as follows:

<TABLE>
<CAPTION>
                                For the
                              Nine Months
                                 Ended      Oil and Gas   Pipeline          Well
                             September 30     Sales     Transmission     Servicing
                             ------------ ------------  -----------   ---------------

<S>                               <C>    <C>            <C>            <C>
Oil and gas revenue               2005   $   833,933    $ 1,880,110    $ 7,133,668
                                  2004       295,963      1,164,664           --

Operating loss
 applicable to industry
 segment                          2005      (518,151)       (37,305)      (157,824)
                                  2004      (473,915)       (96,688)          --

General corporate expenses
 not allocated to industry
 segments                         2005          --             --             --
                                  2004          --             --             --
</TABLE>

                                      -12-
<PAGE>
                       TRANS ENERGY, INC. AND SUBSIDIARIES
       Notes to the Unaudited Condensed Consolidated Financial Statements
                    September 30, 2005 and December 31, 2004


NOTE 4 -      BUSINESS SEGMENTS (Continued)
<TABLE>
<CAPTION>

                                        For the
                                      Nine Months
                                         Ended      Oil and Gas   Pipeline          Well
                                     September 30     Sales     Transmission     Servicing
                                     ------------ ------------  -----------   ---------------

<S>                                     <C>        <C>           <C>          <C>
Interest expense                        2005       (59,090)      (25,345)     (193,614)
                                        2004      (140,275)      (21,484)         --

Other income (expenses)                 2005      (157,760)        3,609       118,233
                                        2004       163,812        44,911          --

Assets
 (net of intercompany accounts)         2005     2,317,856       813,396     7,475,001
                                        2004       756,602       335,380          --

Depreciation, depletion,
  Amortization and accretion            2005       260,205        55,321       848,781
                                        2004       169,341        61,073          --

Property and equipment
 Acquisitions (Deletions)               2005       187,875        36,881       254,824
                                        2004           440          --            --
</TABLE>

NOTE 5 -      RELATED PARTIES

              Marketing Agreement - Sancho

              Natural gas delivered  through the Company's  pipeline  network is
              sold  either  to  Sancho  Oil and Gas  Corporation  ("Sancho");  a
              company  controlled  by the  Vice  President  of the  Company,  to
              Dominion Gas, a local utility,  on an on-going basis at a variable
              price per month per Mcf.

              Under its contract with Sancho,  the Company has the right to sell
              natural  gas  subject  to the  terms and  conditions  of a 20-year
              contract,  as amended,  that Sancho entered into with Dominion Gas
              in 1988.  This  agreement is a flexible  volume  supply  agreement
              whereby the Company  receives the full price which Sancho  charges
              the end user less a $0.05 per Mcf marketing fee paid to Sancho.

              Certain  officers and  directors  of the Company  have  personally
              guaranteed specific notes payable.


                                      -13-
<PAGE>
                       TRANS ENERGY, INC. AND SUBSIDIARIES
       Notes to the Unaudited Condensed Consolidated Financial Statements
                    September 30, 2005 and December 31, 2004


NOTE 6 -      OTHER COMPREHENSIVE INCOME

              The Company  has entered  into a loan  arrangement  containing  an
              interest rate hedge. The hedge is based on the difference  between
              the lending institutions floating rate index plus 280 basis points
              and the existing LIBOR rate. At September 30, 2005, the difference
              in rates  resulted  in  additional  interest  of  $1,808  that was
              recorded as other comprehensive income.

NOTE 7 -      EQUITY

              In January 2005,  the Company issued 50,000 shares of common stock
              for services to be rendered valued at $92,500.

              In January 2005,  the Company issued 25,000 shares of common stock
              for debt relief of $50,000.

              In January 2005,  the Company  issued  1,185,024  shares of common
              stock for the acquisition of Arvilla, Inc.

              In July 2005,  the Company  issued  141,667 shares of common stock
              for debt relief of $255,000.

              Through  September 30, 2005,  certain  officers and directors have
              contributed services valued at $175,000.

              On August 31, 2005, the Company sold its wholly owned  subsidiary,
              Cobham Oil & Gas  Industries,  Inc.  along with certain assets and
              liabilities  of that entity to its previous  owner in exchange for
              the return of 244,633 shares of the Company's common stock.  These
              shares  remain  outstanding  and are being held by the  Company as
              Treasury Stock and have been valued at $286,467  representing  the
              fair value of the stock on the date of the Cobham transaction.(See
              Note 8)

              Under FASB Statement 123, the Company  estimates the fair value of
              each  stock  award at the grant  date by using  the  Black-Scholes
              option   pricing  model  with  the  following   weighted   average
              assumptions used for grants, respectively;  dividend yield of zero
              percent for all years;  expected  volatility of 68.72%;  risk-free
              interest rate of 4.08 and expected  lives of 10 years for the nine
              months ended September 30, 2005.

              Had  compensation  cost for the Company's stock options granted to
              directors and employees been based on the fair value as determined
              by the Black-Scholes  option pricing model at the grant date under
              the accounting  provisions of SFAS No. 123, the Company would have
              recorded an  additional  expense of  $837,416  for the nine months
              ended  September 30, 2005. Also under these same  provisions,  the
              Company's  net loss  would  have  been  changed  by the pro  forma
              amounts indicated below:

                                      -14-
<PAGE>
                       TRANS ENERGY, INC. AND SUBSIDIARIES
       Notes to the Unaudited Condensed Consolidated Financial Statements
                    September 30, 2005 and December 31, 2004


NOTE 7 -      EQUITY (continued)
<TABLE>
<CAPTION>

                                                        For the                              For the
                                                  Three Months Ended                    Nine Months Ended
                                                     September 30,                        September 30,
                                        ------------------------------------ -------------------------------------
                                               2005              2004              2005                 2004
                                        ------------------- ---------------- ------------------  -----------------
<S>                                     <C>                 <C>                 <C>              <C>
              Net loss:
                As reported             $         (434,902) $          9,276    $   (1,027,247)  $       (523,639)
                Pro forma               $         (434,902) $          9,276    $   (1,864,663)  $       (523,639)


              Basic loss per share:
              As reported               $            (0.09) $          0.00     $       (0.22)   $          (0.27)
              Pro forma                 $            (0.09) $          0.00     $       (0.40)   $          (0.27)
</TABLE>


              Stock  Options - A summary of the status of the  warrants  granted
              under  various  agreements  at  September  30, 2005 and 2004,  and
              changes during the periods then ended is presented below:

<TABLE>
<CAPTION>
                                            September 30, 2005         September 30, 2004
                                          -----------------------    ----------------------
                                          Weighted                    Weighted
                                           Average     Exercise        Average      Exercise
                                           Shares       Price           Shares       Price
                                         ---------   -------------   -----------   ----------
<S>                                      <C>         <C>             <C>           <C>
Outstanding at beginning of period            --     $        --            --     $     --
Granted                                    553,324          1.95            --           --
Exercised                                     --              --            --           --
Forfeited                                     --              --            --           --
Expired                                       --              --            --           --
                                         ---------   -------------   -----------   ----------
Outstanding at end of Period               553,324   $      1.95            --     $     --
                                         =========   =============   ===========   ==========
Weighted average fair value of options
  granted during the year                  553,324   $      1.95     $      --     $     --
                                         =========   =============   ===========   ==========
</TABLE>

              A summary of the status of the warrants  granted under the various
              agreements  at  September  30,  2005,  are  presented in the table
              below:
<TABLE>
<CAPTION>

                                           Warrants Outstanding                           Warrants Exercisable
                                        ------------------------------------------          -------------------------
                                          Weighted-Average       Weighted-Average                   Weighted-Average
          Range of          Number            Remaining              Exercise          Number           Exercise
       Exercise Prices    Outstanding     Contractual Life             Price         Exercisable          Price
       ---------------    ------------    -----------------      -----------------   ------------   -----------------
<S>       <C>                  <C>            <C>              <C>                   <C>            <C>
          $1.95                553,324        9.25 years       $         1.95             553,324   $         1.95
                          ------------                                               ------------
                               553,324                                                    553,324
                          ============                                               ============
</TABLE>


                                      -15-
<PAGE>
                       TRANS ENERGY, INC. AND SUBSIDIARIES
       Notes to the Unaudited Condensed Consolidated Financial Statements
                    September 30, 2005 and December 31, 2004


NOTE 8 -      SIGNIFICANT EVENTS

              On November 5, 2004, the Company  acquired  Cobham Gas Industries,
              Inc.  and  certain   wells,   leases,   pipelines,   gas  purchase
              agreements,  oil hauling agreements,  equipment, right of ways and
              other  miscellaneous  items related to the leases  located in West
              Virginia.  On  September  1, 2005,  the Company  sold a portion of
              these acquired assets to the previous owner.  These assets include
              the following:

                  -   Certain  leases for the production  of oil and natural gas
                      located in Marion  County,  West Virginia;

                  -   Certain  oil or  natural  gas wells  located on the Marion
                      County  Leases,  together  with all  equipment  and  other
                      tangible personal property attached to the wells;

                  -   Certain  vehicles and  other equipment, parts, inventories
                      and hand tools;

                  -   Miscellaneous  well logs,  maps,  production  data,  sales
                      records and histories,  royalty  payment records and other
                      information concerning the Marion County Leases and Marion
                      County Wells;

                  -   A $50,000  reclamation  bond  pursuant to which all of the
                      Marion County Wells, and others, are permitted;

                  -   Certain cash and trade  accounts  receivable  generated by
                      the  operations  and results of  operations  of the Marion
                      County  Leases and Marion  County  Wells,  realized  on or
                      after August 1, 2005; and

                  -   All  outstanding   capital  common  stock  of  Cobham  Gas
                      Industries held by Trans Energy, Inc. or any affiliate.

              In consideration for the above referenced  assets,  the buyer will
              provide to us:

                  -   The return to us of 244,633  shares of Trans Energy,  Inc.
                      common stock  initially  issued to acquire  Cobham,  to be
                      valued at the closing  price per share of our common stock
                      on the closing date;

                  -   The return to us of all of buyer's  options,  warrants and
                      future rights to acquire any securities of Trans Energy or
                      any of our affiliates;

                  -   The Company  retain the right to use through  December 31,
                      2005 the $50,000  reclamation bond in order to comply with
                      certain West Virginia boding requirements; and

                  -   Buyer  will  assume  responsibility  for  the  payment  of
                      certain  loans  in  the  amount  of  $96,839,  liabilities
                      related to the  plugging  of certain of the Marion  County
                      Wells, all expenses related to operation,  maintenance and
                      ownership  of the  Marion  County  Leases  and the  Marion
                      County Wells incurred on or after August 1, 2005.

              In addition to the above,  we have agreed to fulfill the remaining
              payment  obligations  to the buyer  under that  certain  agreement
              dated November 5, 2004, and we will retain  responsibility for the
              payment of certain debts related to Cobham.

                                      -16-
<PAGE>


Item 2.       Management's Discussion and Analysis or Plan of Operations

Recent Developments

     Arvilla, Inc.

     On  January  31,2005,  we  acquired  Arvilla,  Inc.,  a  provider  of  well
servicing,  workover and related transportation  services to independent oil and
natural gas  producers in northeast  United  States.  It also  performs  ongoing
maintenance  and major  overhauls  necessary to optimize the level of production
from existing oil and natural gas wells and provides certain ancillary  services
during the drilling and completion of new wells.  Arvilla offers its services in
Ohio, Pennsylvania, New York, Virginia, Kentucky and West Virginia.

     Cobham Gas Industries, Inc.

     On November 5, 2004, we acquired  Cobham Gas  Industries,  Inc. and certain
wells,  leases,  pipelines,  gas purchase  agreements,  oil hauling  agreements,
equipment,  right of ways and other  miscellaneous  items  related to the leases
located in West  Virginia.  On  September  1,  2005,  we sold a portion of these
acquired  assets to Texas Energy Trust Company and its trustee,  George Hillyer.
These assets include the following:

     o   Certain  leases for the  production  of oil and  natural gas located in
         Marion County, West Virginia;

     o   Certain oil or natural gas wells located on the Marion  County  Leases,
         together  with all  equipment  and  other  tangible  personal  property
         attached to the wells;

     o   Certain  vehicles  and other  equipment,  parts,  inventories  and hand
         tools;

     o   Miscellaneous  well logs,  maps,  production  data,  sales  records and
         histories, royalty payment records and other information concerning the
         Marion County Leases and Marion County Wells;

     o   A $50,000  reclamation  bond pursuant to which all of the Marion County
         Wells, and others, are permitted;

     o   Certain cash and trade accounts receivable  generated by the operations
         and results of operations of the Marion County Leases and Marion County
         Wells, realized on or after August 1, 2005; and

     o   All  outstanding  capital common stock of Cobham Gas Industries held by
         Trans Energy, Inc. or any affiliate.

     In consideration for the above referenced assets, the buyer will provide to
us:

     o   The return to us of 244,633 shares of Trans Energy,  Inc.  common stock
         initially  issued to acquire Cobham,  to be valued at the closing price
         per share of our common stock on the closing date;

     o   The return to us of all of buyer's options,  warrants and future rights
         to acquire any securities of Trans Energy or any of our affiliates;

     o   We retain  the  right to use  through  December  31,  2005 the  $50,000
         reclamation  bond in order to comply with certain West Virginia  boding
         requirements; and

     o   Buyer will assume  responsibility  for the payment of certain  loans in
         the amount of $96,839,  liabilities  related to the plugging of certain
         of  the  Marion  County  Wells,  all  expenses  related  to  operation,
         maintenance  and  ownership of the Marion  County Leases and the Marion
         County Wells incurred on or after August 1, 2005.

                                      -17-
<PAGE>

     In addition to the above,  we have agreed to fulfill the remaining  payment
obligations  to the buyer under that certain  agreement  dated November 5, 2004,
and we will retain  responsibility  for the payment of certain  debts related to
Cobham.

     Stock Split

     On November 29, 2004,  our board of directors  and  stockholders  holding a
majority of our  outstanding  common  stock  approved a one share for 150 shares
reverse split of our common stock. The reverse split was effected on January 28,
2005.  All  references  to per share data and common stock have been restated to
reflect the effect of this reverse split.

Results of Operations

     The  following  table  sets  forth  the  percentage  relationship  to total
revenues  of  principal  items  contained  in  the  our  unaudited  consolidated
statements  of operations  for the three and nine month periods ended  September
30, 2005 and 2004. It should be noted that percentages discussed throughout this
analysis are stated on an approximate basis.
<TABLE>
<CAPTION>

                                                    Three Months Ended            Nine months Ended
                                                      September 30,                   June  30,
                                                 -----------------------        -----------------------
                                                    2005         2004             2005           2004
                                                 ---------     ---------        ---------     ---------
                                                        (Unaudited)                   (Unaudited)

<S>                                                <C>           <C>              <C>            <C>
         Total Revenues.....................       100%          100%             100%           100%
         Total costs and expenses...........       108           164              107            139
         Loss from operations..............         (8)          (64)              (7)           (39)
         Other income (expense).............        (3)           67               (3)             3
         Net income (loss)..................       (11)            3              (10)           (36)
</TABLE>


     Revenues for the three months  ("third  quarter")  and nine months  ("first
nine months") ended September 30, 2005 increased  1116% and 574%,  respectively,
compared to the 2004 periods,  primarily due to the  acquisition  of Arvilla and
inclusion of its revenues for the 2005 periods.  Increased consolidated revenues
also reflect  increased  oil and gas prices and volume.  Our cost of oil and gas
for the third  quarter  and first nine months of 2005  increased  864% and 434%,
respectively,  compared  to the  2004  periods,  also due to  price  and  volume
increases.

     Selling,  general and administrative expenses increased from $17,986 in the
third  quarter  of 2004 to  $702,445  for the third  quarter  of 2005,  and from
$125,645  for the first  nine  months of 2004 to  $1,818,062  for the first nine
months of 2005. These increases are attributed to the acquisition of Arvilla and
the associated expenses of our expanded operations. Salaries and wages decreased
58% and 44% for the third  quarter and first nine months of 2005,  respectively,
when compared to the 2004 periods primarily due to a reduction in accrued wages.
Depreciation,  depletion,  amortization and accretion expense increased 395% and
405% for the third quarter and first nine months of 2005,  respectively,  due to
the addition of Arvilla Assets.

     Loss from  operations  for the third  quarter and first nine months of 2005
was  $314,220  and  $713,280,  respectively,  compared to a loss of $208,686 and
%$570,603  for the like  periods  of 2004.  The  improvement  for the first nine

                                      -18-
<PAGE>
months of 2005 is  related  to the  acquisition  of  Arvilla  and its  increased
contribution to revenues, price and volume increases,  although the loss for the
third quarter increased from the 2004 period due to a decrease in April revenues
in Arvilla related to poor weather conditions.  We realized total other expenses
of $120,682 and $313,967 during the third quarter and first nine months of 2005,
respectively,  compared  to total other  income of $217,962  and $46,964 for the
2004 periods.  The 2005 results were primarily attributed to the net loss on the
sale of assets and  increase  in  interest  expense in 2005,  and was  partially
offset the increase in other income in 2005.

     As a percentage of total revenues,  total costs and expenses decreased from
164% in the third  quarter of 2004 to 108% for the third  quarter  of 2005,  and
also decreased from 139% for the first nine months of 2004 to 107% for the first
nine months of 2005.  This  improvement is also attributed to the acquisition of
Arvilla and cost reductions in servicing of the Cobham wells.

     Our net loss for the  third  quarter  and  first  nine  months  of 2005 was
$434,902 and $1,029,055  (after a $1,808 adjustment due to hedging  activities),
respectively,  compared to a net income of $9,276 for the third  quarter of 2004
and a net loss of $523,639 for the first nine months of 2004.

     For the remainder of fiscal year 2005, management expects selling,  general
and  administrative  expenses  to remain at  approximately  the same rate as the
first  nine  months  of 2005  and  significantly  higher  than the  prior  year,
reflecting the Arvilla acquisition. The cost of oil and gas produced is expected
to  fluctuate  with the  amount  produced  and with  prices of oil and gas,  and
management anticipates that revenues are likely to increase during the remainder
of 2005.

Liquidity and Capital Resources

     Historically,  we have  satisfied our working  capital needs with operating
revenues  and from  borrowed  funds.  At September  30,  2005,  we had a working
capital  deficit of  $2,508,269  compared to a deficit of $2,980,431 at December
31, 2004. This 16% decrease in working  capital deficit is primarily  attributed
to the acquisition of Arvilla and the reduction of current liabilities and debt.

     During the first nine months of 2005,  operating  activities  provided  net
cash of $286,464  compared to net cash  provided of $121,388  for the first nine
months  of  2004.  These  results  are  primarily  attributed  to  increases  in
depreciation  and accounts  payable.  Also during the first nine months of 2005,
net  cash  used by  investing  activities  was  $308,038,  compared  to net cash
provided of $202,268 for the first nine months of 2004. This result is primarily
attributed  to  payment  for other  assets and  expenditures  for  property  and
equipment.

     During the first nine months of 2005, we realized  net cash from  financing
activities  of  $190,922  compared to $310,870 in the first nine months of 2004.
These  results are  attributed  to the increase in proceeds  from related  party
notes.

     We anticipate meeting our working capital needs during the remainder of the
current fiscal year with revenues from our newly acquired  subsidiaries and from
our ongoing  operations,  particularly  from our Powder River Basin interests in
Wyoming and New Benson gas wells drilled in West  Virginia,  which gas goes into
our  6-inch  pipeline.  In the event  revenues  are not  sufficient  to meet our
working  capital needs,  we will explore the  possibility of additional  funding
from  either the sale of debt or equity  securities.  There can be no  assurance
such funding will be available to us or, if available,  it will be on acceptable
or favorable terms.

     As of September  30, 2005,  we had total  assets of  $10,606,253  and total
stockholders'  equity of $383,140,  compared to total assets of  $4,234,111  and
total stockholders' deficit of $1,169,886 at December 31, 2004.

                                      -19-
<PAGE>

     In  1998,  we  issued  $4,625,400  face  value  of 8%  Secured  Convertible
Debentures Due June 30, 1999. A portion of the proceeds were used to acquire the
GCRL  properties  and  interest  in  Wyoming.  During  2000,  all but one of the
remaining outstanding debentures were converted into commons stock. At September
30,  2005,  we owed  $50,000  for a  debenture  plus  approximately  $25,000  in
interest.

     Because we have incurred  significant  cumulative  operating losses through
September 30, 2005 and have a working  capital  deficit at September 30, 2005 of
$2,526,769,  there exists  substantial  doubt about our ability to continue as a
going  concern.  Historically,  our revenues  have not been  sufficient to cover
operating  costs and we may  potentially  need to rely on proceeds  from sale of
common stock, debt or equity financing,  and increased  operating  revenues from
new  developments  to allow us to continue as a going  concern.  There can be no
assurance that we can or will be able to complete any debt or equity financing.

     We have  included a footnote to our  financial  statements  for the periods
ended September 30, 2005 stating that because of our continued  losses,  working
capital deficit and need for additional  funding,  there is substantial doubt as
to whether we can continue as a going  concern.  See Note 2 to the  consolidated
financial statements.

Inflation

     In the opinion of our  management,  inflation has not had a material effect
on our operations.

Forward-looking and Cautionary Statements

     This report  includes  "forward-looking  statements"  within the meaning of
Section 27A of the  Securities  Act of 1933,  and Section 21E of the  Securities
Exchange  Act of 1934.  These  forward-looking  statements  may  relate  to such
matters as  anticipated  financial  performance,  future  revenues or  earnings,
business prospects,  projected ventures, new products and services,  anticipated
market  performance  and similar  matters.  When used in this report,  the words
"may,"  "will,"  "expect,"  "anticipate,"   "continue,"  "estimate,"  "project,"
"intend,"  and similar  expressions  are  intended  to identify  forward-looking
statements  regarding events,  conditions,  and financial trends that may affect
our future  plans of  operations,  business  strategy,  operating  results,  and
financial position. We caution readers that a variety of factors could cause our
actual  results  to differ  materially  from the  anticipated  results  or other
matters expressed in forward-looking statements.  These risks and uncertainties,
many of which are beyond our control, include:

     o   the sufficiency of existing capital  resources and our ability to raise
         additional capital to fund cash requirements for future operations;

     o   uncertainties  involved  in the  rate of  growth  of our  business  and
         acceptance of any products or services;

     o   volatility  of the stock  market,  particularly  within the  technology
         sector; and

     o   general economic conditions.

     Although we believe the  expectations  reflected  in these  forward-looking
statements are reasonable,  such  expectations  cannot guarantee future results,
levels of activity, performance or achievements.

                                      -20-
<PAGE>

Item 3.       Controls and Procedures

     As of the end of the period  covered  by this  report,  we  carried  out an
evaluation,  under the  supervision  and with the  participation  of management,
including our chief executive officer and principal  financial  officer,  of the
effectiveness  of the  design  and  operation  of our  disclosure  controls  and
procedures  as  defined  in Rules  13a-15(e)  and  15d-15(e)  of the  Securities
Exchange Act of 1934.  Based upon that evaluation,  our chief executive  officer
and principal  financial  officer  concluded  that our  disclosure  controls and
procedures  are  effective  to cause the  material  information  required  to be
disclosed  by us in the reports that we file or submit under the Exchange Act to
be  recorded,  processed,  summarized  and  reported  within  the  time  periods
specified in the SEC's rules and forms.  There have been no significant  changes
in our internal  controls or in other factors which could  significantly  affect
internal controls subsequent to the date we carried out our evaluation.

                                     PART II

Item 1.       Legal Proceedings

     Information  concerning certain material pending legal proceedings to which
we are a party, or to which any of our property is subject, is set forth below:

     o On  September  22,  2000,  Tioga  Lumber  Company  obtained a judgment of
$43,300 plus interest in the Circuit Court of Pleasants  County,  West Virginia,
against Tyler Construction Company for breach of contract. On February 28, 2002,
we  reached a  negotiated  payment  schedule  with  Tioga  and made the  initial
payment.  We  believe  that we have  satisfied  the  balance  owed to  Tioga  of
$26,233.58,  although the judgment has not yet been released.  We are proceeding
to secure the release of the judgment.

     o On July 1, 1998,  RR  Donnelly  (RR)  obtained a judgment  against us for
non-payment  of accounts  payable.  The judgment  calls for monthly  payments of
$3,244 and is bearing  interest at 10.00% per annum.  At September  30, 2005, we
had accrued a balance including interest of $56,792 as a current  liability.  We
are currently in default on this judgment.

     We may be engaged in various other lawsuits and claims, either as plaintiff
or defendant,  in the normal course of business.  In the opinion of  management,
based upon advice of counsel,  the ultimate  outcome of these  lawsuits will not
have a material impact on our financial position or results of operations.

Item 2.       Unregistered Sales of Equity Securities and Use of Proceeds

     On July 1, 2005, we issued 141,668 shares to our Chief  Executive  Officer,
Clarence Smith, in exchange for his forgiving a debt of $255,000. On October 19,
2005,  we issued  20,000  shares to John Corp as a signing  bonus for becoming a
director  and officer of Trans  Energy.  The  issuances  were made in  isolated,
private  transactions to affiliates and executive officers and were,  therefore,
exempt from the registration requirements of the Securities Act of 1933 pursuant
to Section 4(2) of that Act.

Item 3.       Defaults Upon Senior Securities

     In  1998,  we  issued  $4,625,400  face  value  of 8%  secured  convertible
debentures due September 30, 1999.  Interest on the debentures  accrued upon the
date of issuance  until  payment in full of the  principal  sum was been made or
duly provided for. Holders of the debentures have the option, at any time, until
maturity, to convert the principal amount of their debenture,  or any portion of
the  principal  amount  which is at least  $10,000 into shares of the our common
stock at a  conversion  price for each share  equal to the lower of (a)  seventy
percent  (70%) of the  market  price  of the our  stock  averaged  over the five

                                      -21-
<PAGE>

trading  days prior to the date of  conversion,  or (b) the market  price on the
issuance  date of the  debentures.  Any  accrued  and unpaid  interest  shall be
payable,  at our option,  in cash or in shares of our common stock valued at the
then  effective  conversion  price.  During 2000,  all but one of the  remaining
outstanding debentures were converted into commons stock. At September 30, 2005,
we owed $50,000 to one debenture holder plus approximately $25,000 in interest.

Item 4.       Submission of Matters to a Vote of Security Holders

     Not applicable.

Item 5.       Other Information

     The following  reports were filed with the SEC on Form 8-K during the three
month period ended September 30, 2005.

     September 16, 2005 - reporting  under Item 2.01 the sale of certain  assets
     previously acquired upon the acquisition of Cobham Gas Industries, Inc.

     The September 16, 2005 report also reported under Item 5.01 the resignation
     John G.  Corp  as a  director  and  Vice  President.  However,  the  report
     inadvertently  stated that Mr. Corp  resigned as a director,  although  his
     resignation was only as an officer and he remains as a director.

Item 6.       Exhibits

         Exhibit  31.1       Certification of C.E.O.  Pursuant to Section 302 of
                             the Sarbanses-Oxley Act of 2002.

         Exhibit 31.2        Certification  of  Principal   Accounting   Officer
                             Pursuant to Section 302 of the  Sarbanses-Oxley Act
                             of 2002.

         Exhibit 32.1        Certification  of  C.E.O.  Pursuant  to  18  U.S.C.
                             Section 1350, as Adopted Pursuant to Section 906 of
                             the Sarbanes-Oxley Act of 2002.

         Exhibit 32.2        Certification  of  Principal   Accounting   Officer
                             Pursuant  to 18 U.S.C.  Section  1350,  as  Adopted
                             Pursuant to Section 906 of the  Sarbanes-Oxley  Act
                             of 2002.

                                      -22-
<PAGE>



                                   SIGNATURES


     In accordance with the requirements of the Securities Exchange Act of 1934,
the Registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

                                 TRANS ENERGY, INC.



Date: November 25, 2005          By  /S/  Clarence E. Smith
                                     ----------------------------------------
                                         Clarence E. Smith
                                         Chief Executive Officer and Director




Date:  November 25, 2005         By  /S/  William F. Woodburn
                                    -----------------------------------------
                                         WILLIAM F. WOODBURN
                                         Secretary / Treasurer
                                         (Principal Accounting Officer)


                                      -23-