I sold half last week and put it into my favorites, currently.
Best to al ABRG guys and gals. This reaction is nothing. Actually, news is not that great. Generalities. Sorry. I will be back in a year to see what my cheap shares are worth. OIL and GAS, what a gas. Maybe doamonds are hotter! LOL - Paste, Dope and DUST to DUST, plasma to Chrysler and Daimler!
Chucka
( PS - IR work at NUKE for IR, just goofing around, glad i got in at 4 cents, I still think a year from now it is a buck. LO Luck. )
PS - Heres another energy one that may do well, I like the IR guys there, maybe Hickey should hire Pacific Bay...hey, I am just kidding...they are the IR I work with so just watch it for me, OK? BYE
RE:
THE FOLLOWING NEWS RELEASE WAS ISSUED ON JULY 5, 1999.
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 has 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 Mike Skerry at 1-888-821-6607 or visit the Company web-site at commonwealthenergy.com
THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN.
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