Friday January 29, 10:01 am Eastern Time
Company Press Release
Corporate Profile for
Commonwealth Energy Corp.,
dated Jan. 29, 1999
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Published Date: Jan. 29, 1999
Company Name: Commonwealth Energy Corp.
Address: Suite 211-2383 King George Highway,
White Rock, B.C. V4A 5A4 Canada
Main Telephone
Number: 604/531-3231
Chief Executive
Officer: Lorne Torhjelm
Investor Relations
Contact: Doug Wolters
Business number: 800/950-2587
Public Relations
Contact: Michael Dumont
Business number: 604/688-3543
Trading Symbol/
Exchange: CWY/Alberta Stock Exchange
Industry: Oil and Gas Exploration and Development
Market Makers:
Company description: Over the past three years, the management team of Commonwealth
Energy Corp. has assembled a portfolio of highly qualified oil and gas prospects.
The company has now commenced development of these prospects in order to realize their
medium term goal of accumulating proven reserves in excess of 10,000,000 BO (Barrels of Oil
Equivalent). In the short term, the company will focus on developing its gas prospects due to the
relative strength of gas prices over oil prices. Potential reserves from Commonwealth's 16
Wyoming prospects alone could total 174 million barrels of oil. The company utilizes a leading
edge detection technology known as differential GPS Hydrocarbon Surveys which over the past
two years has had an 87 percent success rate.
Contact:
Commonwealth Energy Corp.
More Quotes and News:
Commonwealth Energy Corp (Alberta:CWY.AL - news)
Related News Categories: oil/energy
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