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

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To: Ross who wrote (106)8/3/1999 4:31:00 PM
From: Leigh McBain  Read Replies (1) of 242
 
Just got word, we're looking at an open flow rate of somewhere in the 3+ mcf per day. Now, that's NOT what the production rate is going to come in at, but it's an excellent indicator that we have something of significance here. There are other wells in the area that have been in the 1.0 mcf per day range and actually produced 500k per day.

We still need to wait and see what production rates are, but I'm happy so far. The one thing that has some potential to be a bit of an issue, is that the take-up line may not have the capacity to take "whatever we can produce", that remains to be seen.

Salut,
Leigh McBain
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