Commonwealth Energy Corp. (CWY.ASE) Message Board

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

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To: doc who wrote (142)	10/4/1999 6:37:00 PM
From: Leigh McBain	Read Replies (1) of 242

Doc - I have also noticed the trading pattern you are talking about, but at this point am not thinking too much about it. Karl - 12,000 bpd is one I certainly haven't heard about. Are you sure that isn't what the neighboring "field" is producing, not just one well. My understanding is that given surrounding production history and the 80' of "potential" pay zone, 800 bpd would be a possible but rather optimistic production target for a single well. However, we still have to wait and see how much of that 80' is production viable. Then there is the gas target, at shallower depths, that needs to be looked at. Red Rocket - I had heard the rumor about the additional land acquisition as well and thought it fit well into the story about "internal corporate issues" slowing down the move to flow testing. I wasn't too worried about it though, it won't make much of a difference unless we get some solid production numbers off this one. We also won't know if it was worth acquiring until we actually drill that property and see what we got, regardless of what it may cost. Just some additional thoughts. Salut, Leigh McBain

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