Golden Arch Resources---GAI.V Message Board

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Gold/Mining/Energy : Golden Arch Resources---GAI.V

GAI 8.800

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Mar 22 5:00 PM EST

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To: Gabe Heti who wrote (329)	3/18/2000 3:39:00 PM
From: andre dallaire	Read Replies (1) of 359

Golden Arch has 10% interest Commonwealth Energy Corp. ("Commonwealth" or "the Company") is pleased to announce that a FRAC treatment was completed yesterday in the Duffer Formation of the Warren/Thurmond #2 well on the Company's Camp Colorado Prospect in Texas. The FRAC designed by the engineer and implemented was 100% successful. The well flowed back through the night and was shut-in early this morning. The shut-in, build up pressure was measured at 1,205 PSI (pounds per square inch). The well was then opened and flowed both oil and gas. The quantities of oil and gas will be measured during a 4-point flow test which will occur over the next few days. These results will be announced. Commonwealth is very encouraged by this result and as soon as the flow testing is completed, will put the well on production. All production facilities and equipment are in place and the Pipeline Company has capacity to buy the gas. Commonwealth plans to drill additional wells on the 2,600 acre Camp Colorado Prospect this year. The two successful wells drilled to date have proven that this Prospect has multi-zone production potential. The Prospect appears to have room for the drilling of an additional 10 to 12 wells. The Company also wishes to announce that a further section in the Caddo Limestone formation of the producing Warren/Thurmond #1 well was perforated and FRACED. Additional production is anticipated from this well. For more information, please contact Doug Wolters or Robert Stewart at 1-800-950-2587 or visit the company web-site at www.commonwealthenergy.com. << Prev Msg Thread Next Msg Thread >>

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