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Gold/Mining/Energy : Commonwealth Energy Corp. (CWY.ASE)
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To: Ross who wrote (86)7/6/1999 6:42:00 PM
From: Leigh McBain  Read Replies (1) of 242
 
Things are looking good!! Indications are that the company is very happy with the resultant pressure on the well at the Old World and that preliminary assessments show it as having similar characteristics to the better existing wells in that prospect. That is no guarantee as to what the end result will be, but is certainly encouraging. They are intending to proceed immediately with FRACing etc. and we should have real results in not too long.

Also good news on the Camp Colorado. I'm told that drilling is progressing well and that they should hit depth shortly. There apparently have already been some gas flares, but that's no surprise as the prospect is a "known" gas field. The only question now is "Do we have an economic presence??" and thankfully we'll know that shortly as well.

Salut,
Leigh McBain
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