Commonwealth Energy Corp. (CWY.ASE) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Leigh McBain who wrote (121)	8/19/1999 8:04:00 PM
From: Ross	Read Replies (3) of 242

August 19, 1999 Trading Symbol: CWY (ASE) MEDIA RELEASE COMMONWEALTH TO COMMENCE DRILLING FOR OIL & GAS IN WYOMING . . . Commonwealth Energy Corp. ("Commonwealth" or "the Company") is pleased to introduce the 2,300 acre ALKALI DRAW PROSPECT located in Weston County, Wyoming. A test well known as the F24-5 BELTCH well is scheduled to be drilled in late August, 1999. The drilling location has been staked and the well will be drilled to an approximate depth of 5,700 feet. The F24-5 BELTCH well will target Channel Sand oil and gas in the Fall River (Dakota) Formation of the Powder River Basin of Wyoming. The Company is very optimistic about the potential of this area, which has produced prolific results in the past. An oil and gas field discovered in 1958 known as Coyote Creek lies on this same Fall River Trend and has produced to date over 21 Million Barrels of Oil and 25 Billion cubic feet of gas from the Dakota formation. The Alkali Draw Prospect was developed by a group of highly successful Wyoming geologists specializing in Dakota Formation Channel Sands. Additionally, Electro-Seise Inc. whose data was used to develop the Camp Colorado Prospect in Texas where Commonwealth recently drilled a successful well, have completed a 3D-Airborne Micro-Gravity Survey on the Alkali Draw Prospect. The two independent geological reports are both very encouraging. Commonwealth would also like to alert the investment community to look for the feature on Commonwealth in the upcoming issue of Market Trend News, which will be mailed on Monday, August 23, 1999 to 28,000 investors and brokers. 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 CORP. Phone: 1-800-950-2587 Web-site: www.commonwealthenergy.com E-mail: coenergy@direct.ca

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next