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Gold/Mining/Energy : Chesapeake Energy CHK

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To: Gabor who wrote (441)	12/3/1998 9:00:00 PM
From: Mark Adams	Read Replies (1) of 726

Some news in my email on a small strike for CHK Chesapk Engy (CHK) CHESAPEAKE ENERGY said Wednesday it completed a significant Tuscaloosa discovery, the State Lease 15421. Chesapeake said in a statement that the State Lease well began producing at the daily rate of 18,100 thousand cubic feet of natural gas equivalent on a 12/64 inch choke with flowing tubing pressure of 14,600 psi. The well was only perforated in the deepest three of the well's nine indicated pay zones. Chesapeake owns a 98-percent working interest in the State Lease well, located in the company's 60,000 acre Morganza Field 3-D seismic survey. (Reuters 08:12 PM ET 12/02/98)

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