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Gold/Mining/Energy : Commonwealth Energy Corp. (CWY.ASE)
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To: Ed Pakstas who wrote (191)4/24/2000 5:09:00 PM
From: Leigh McBain  Read Replies (1) of 242
 
Very unfortunate, well #2 in Wyoming was also "wet" and is being capped. I am told that the company did get a read on the shallow gas zone but that it was uneconomic in this well. They are intending to perforate well #1 to see if they have something worthwhile there.

The new project in Texas, just announced last Thursday, has much less speculative risk involved and should be getting rolling quite soon.

Salut,
Leigh McBain
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