SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Commonwealth Energy Corp. (CWY.ASE)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Leigh McBain who wrote (230)7/13/2000 4:23:47 PM
From: WAYNEW  Read Replies (4) of 242
 
CWY Final confirmation of the Frac Unit..... Awesome News.

Commonwealth Energy Corp
CWY
Shares issued 30,898,544
2000-07-12 close $0.61
Thursday Jul 13 2000
Mr. Doug Wolters reports
Commonwealth Energy has received confirmation that on Thursday, July 27, 2000, a FRAC
unit will be on location to perform the treatment on the Bossier formation in the company's
BEDSOLE No. 1 well. The BEDSOLE No. 1 well is located on the company's 700-acre Bedsole
unit in Leon county in Texas.
Following the completion of the FRAC treatment, a 24-hour flow test will be conducted on
the BEDSOLE No. 1 well and the results of this test will be announced.
The expected initial flow rate from the Bossier formation in the BEDSOLE No. 1 well is
between four and six million cubic feet of gas per day according to the engineering report
performed by the firm William M. Cobb & Associates Inc., Worldwide Petroleum
Consultants. The engineering report also states natural gas reserves in the BEDSOLE No. 1
well to be 38.3 billion cubic feet of natural gas. Commonwealth is the operator of and holds a
50-per-cent working interest in the BEDSOLE No. 1 well and the 700-acre Bedsole unit.

If this well tests anywhere close to there expectations, we are in the money big time.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News