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


To: K. Anders who wrote (186)2/23/2000 6:11:00 PM
From: Leigh McBain  Respond to of 242
 
News Release out - drilling starts:

Salut,
Leigh McBain

COMMONWEALTH ENERGY CORP.

February 23, 2000

Trading Symbol: CWY (CDNX)

MEDIA RELEASE

Commonwealth Begins Testing of Texas Well Today…

Commonwealth Energy Corp. ("Commonwealth" or "the Company") will begin testing today on the Warren/Thurmond #2 Well located on their Camp Colorado Prospect in Coleman County, Texas.

In reference to our Media Release of February 3, 2000, the electric log analysis of the well indicated hydrocarbon presence in three zones. The Duffer Formation, the Marble Falls Formation, and the Caddo Limestone Formation. Testing will begin today in the Duffer Formation, the deepest of the three formations located at a depth of 2,800 feet.

The test results will be announced as soon as they are made available to the Company.

For more information, please contact Doug Wolters or Robert Stewart at 1-800-950-2587 or visit the company web-site at www.commonwealthenergy.com.

THE CANADIAN VENTURE EXCHANGE (CDNX) HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN.



PHONE: 1-800-950-2587 WEB-SITE: www.commonwealthenergy.com
FAX: 604-536-2369 E-MAIL: coenergy@direct.ca




To: K. Anders who wrote (186)3/3/2000 7:51:00 PM
From: Leigh McBain  Respond to of 242
 
I am told that we should expect the flow rate test results next week, tue/wed. Having a reasonably strong zone of this nature is great, may even have some oil in there. Then there are the other 2 zones as well, have to figure out what to do with them, may perforate a second zone but that does have some risk involved or drill an offset?? We should have news re Wyoming in a week or so and there is "something" else on the horizon as well, no details yet.

Salut,
Leigh McBain



To: K. Anders who wrote (186)3/6/2000 8:18:00 PM
From: Leigh McBain  Respond to of 242
 
Brief update:

Wyoming - one more pemit was required, something to do with the oddball location of the well within the target parcel. Expect 2 weeks before drilling starts.

Camp Colorado - have heard the well has peaked out and they will frac. Waiting for equipment, expect a couple more days, then a couple for production numbers, my guess - FRIDAY.

There is no promo push going down at the moment as there is still a fair bit of stock out there and available. It is being sucked up for the time being, then we should see a push as the selling dries up and the news starts to flow again.

Salut,
Leigh McBain