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Gold/Mining/Energy : Commonwealth Energy Corp. (CWY.ASE) -- Ignore unavailable to you. Want to Upgrade?


To: Ross who wrote (123)9/9/1999 6:46:00 PM
From: Leigh McBain  Respond to of 242
 
I was told we would be looking at approximately 2 weeks of drilling (10 days if we get lucky) to reach depth. Here's the release.

Salut,
Leigh McBain

COMMONWEALTH ENERGY CORP ("CWY-Y;CWEGF-L") - Begins Drilling In
Wyoming

Commonwealth Energy Corp. ("Commonwealth" or "the Company") is pleased to announce that drilling commences today on the F24-5 BELTCH well. The well is located on the Companies Alkali Draw Prospect in Wyoming.

In reference to Commonwealth's Media Release on August 19, the F24-5 BELTCH well will target Channel Sand oil and gas in the Fall River (Dakota) Formation of the Powder River Basin of Wyoming. The well will be drilled to an approximate depth of 5,700 feet.

Further announcements will be forthcoming as the results of the drilling are made available to the Company. TEL: 1-800-950-2587 Bob Stewart



To: Ross who wrote (123)9/16/1999 2:53:00 PM
From: Leigh McBain  Respond to of 242
 
This is a note I copied from another thread. Progress is being made. I will post the update mentioned when I get it.

Salut,
Leigh McBain

On Tuesday morning CWY had drilled 2,540 ft on the Wyoming property.It is progressing very well thus far, they will drill to a total depth of 5,700 ft. Since the PR it appears they are progressing rather rapidly. I should have a great summary of CWY properties/flowrates/revenues in the near future.



To: Ross who wrote (123)9/18/1999 1:59:00 PM
From: Leigh McBain  Respond to of 242
 
As of Friday afternoon, when I spoke to Doug, they were down to 4700 and things were progressing nicely. The driller was "very happy with what he was seeing". Hopefully we will hear something in the way of news by mid-week, they were hoping to have reached depth by the end of the weekend.

Salut,
Leigh McBain