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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (10360)	4/25/1998 6:44:00 AM
From: Kerm Yerman	of 15196

FIELD ACTIVITIES / Commonwealt Energy & Renco Energy Completes Well In Oklaoma COMMONWEALTH ENERGY CORP. CALGARY, April 24 /CNW/ - Commonwealth Energy Corp. (''Commonwealth'' or the ''Corporation'') through a joint venture with Renco Energy Inc., is pleased to announce successful completion of the first well drilled on the Tyler Lease in Oklahoma. The well was drilled and completed to the Wayside formation to a depth of 560 feet, and is currently producing approximately 25 barrels of oil per day (12.5 Net). The second well on the property, also drilled to the Wayside formation, is undergoing completion and expected to be in production shortly. These wells are the first of a 12-well development program expected to be complete in July, 1998, and are the first new wells drilled and completed by Renco on the Tyler Lease. Commonwealth has a 50% working interest in this program.

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