Commonwealth Energy Corp. (CWY.ASE) Message Board

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Gold/Mining/Energy : Commonwealth Energy Corp. (CWY.ASE)

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To: Leigh McBain who wrote (85)	7/5/1999 8:00:00 PM
From: Ross	Read Replies (1) of 242

News is out. July 5, 1999 Trading Symbol: CWY (ASE) MEDIA RELEASE DRILLING COMMENCES ON "CAMP COLORADO PROSPECT" & COMPLETION OF LS BYRD #2 WELL ON "OLD WORLD PROSPECT" IS NOW UNDERWAY . . . Commonwealth Energy Corp. ("Commonwealth" or "the Company") is pleased to announce that the drilling has commenced on the Warren / Thurmond #1 well on the Camp Colorado Prospect in Coleman County, Texas. The Company is drilling to a depth of approximately 3,000 feet. The Principal zone the Company is targeting is the Marble Falls Formation. The top of this formation is at an estimated depth of 2,575 feet. In addition to this, the Company has begun the completion of the LS Byrd #2 well on their Old World Prospect in Texas. The Company is perforating the Big Saline Conglomerate zone. The depth of the zone is 4,300 feet and the zone itself is 20 feet thick. The top 8 feet of this zone have been perforated and the completion of the well is underway. Results will be announced as they are made available to the Company. For more information, please contact Bob Stewart or Doug Wolters at 1-800-950-2587 or visit the Company web-site at www.commonwealthenergy.com. THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN. Commonwealth Energy Contact Info: Phone: 1-800-950-2587 Fax: 1-604-536-2369 Web-site: www.commonwealthenergy.com E-mail: coenergy@direct.ca

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