Drilling to start and the NR to that tells us so!
Salut,
Leigh McBain
COMMONWEALTH ENERGY CORP.
Phone: 1-800-950-2587
Fax: 1-604-536-2369
E-mail: coenergy@direct.ca
Web-site address: www.commonwealthenergy.com
September 21, 1998
Trading Symbol: CWY (ASE)
MEDIA RELEASE
Further to our September 8, 1998 release concerning the drilling of the Camp Colorado Prospect in Coleman County, Texas. Drilling of the initial test well, named Camp Colorado Warren #1 will begin today.
There are two corrections to the September 8 release. Commonwealth retains a 65% working interest in the play, not 50% as previously stated. Also, along with three primary zones of interest (Marble Falls, Duffer, and Ellenburger), four secondary zones may be encountered (Cross Cut, Gardner Sands, Gray Sands, and the Caddo Limestone).
The well will be drilled to a depth of 3,000 feet. Chapman Oil have four wells in the trend producing from the Marble Falls zone. These four wells have cumulatively produced more than 4 Billion Cubic Feet of Gas. Two of these wells tested at initial production flow rates of 2 Million plus Cubic Feet of Gas per day each.
For further information, please contact Bob Stewart or Doug Wolters
(Investor Relations) at 1-800-950-2587.
THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE
INFORMATION CONTAINED HEREIN. |
