Commonwealth Energy Corp. (CWY.ASE) Message Board

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

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To: GC who wrote (218)	6/22/2000 6:31:00 PM
From: Leigh McBain	of 242

Just to clarify things a bit, I was double checking my understanding of everything: - the original engineering suggested an expected flow rate of 4-6 million cfpd WITH a frac. - current wells with similar in well pressure and zone porosity from the Bossier formation are coming in at 4-6 million cfpd without a frac. - current wells with similar in well pressure and zone porosity from the Bossier formation are coming in at 7 - 15 million cfpd WITH a frac. - Doug has indicated that the cost to produce from the well is only a couple of hundred dollars per day and that at the 4 million cfpd range, the well should be worth somewhere around $250k cdn per month NET. That equates to about $1.00 cdn NET per share per annum from JUST ONE well. Looks pretty worthwhile to me. The numbers then go up from there as the flow rate goes and as other wells are brought on stream. Now that's gravy!! One other item of note is that the wellhead pressure has been rising daily and has gotten to just above 6300 psi now. I am very definitely interested in seeing the results from this well. Salut, Leigh McBain

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