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

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To: Chuca Marsh who wrote (88)7/15/1999 9:18:00 PM
From: Leigh McBain  Read Replies (1) of 242
 
The following release came out late today. From what I understand there is good pressure on the hole and they experienced a fairly significant flair from the Caddo formation, that was somewhat unexpected.

Salut,

Leigh McBain

July 15, 1999
Trading Symbol: CWY (ASE)

MEDIA RELEASE
Commonwealth sets casing on Warren / Thurmond #1 in Texas

Commonwealth Energy Corp. ("Commonwealth" or "the Company") is pleased to announce that the drilling is completed and pipe has been set on the Warren / Thurmond #1 well on the Camp Colorado Prospect in Coleman County, Texas.

The electric logs show that there are two main zones of interest, the Caddo and the Marble Falls formations.

The zones will now be tested and the 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.
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