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Gold/Mining/Energy : CURLEW LAKE RESOURCES (CWQ-VSE) -- Ignore unavailable to you. Want to Upgrade?


To: Dale Schwartzenhauer who wrote (541)4/13/2000 12:13:00 AM
From: GerPol  Read Replies (1) | Respond to of 701
 
Dale/Bob

CWQ interests Wyoming.

TOP

COMMONWEALTH MEDIA RELEASES




THE FOLLOWING NEWS RELEASE WAS ISSUED ON APRIL 3, 2000.

April 3, 2000

Trading Symbol: CWY (CDNX)

MEDIA RELEASE

COMMONWEALTH TO BEGIN DRILLING FOR OIL & GAS IN WYOMING

&

TEXAS OIL & GAS WELL IS NOW BEING PUT ON PRODUCTION

Commonwealth Energy Corp. ("Commonwealth" or "the Company") is pleased to announce that the equipment is now being moved on site to build location and begin the drilling of the DRISCOLL 22-19 well on the Company's MADREN DRAW PROSPECT in Wyoming. The well will be drilled to the Fall River (Dakota) Formation at an approximate depth of 5,500 feet. The principle drilling objective is to discover Oil & Gas in the Channel Sands of the Fall River (Dakota) Formation.

The Madren Draw Prospect covers 3,400 acres and is located in Weston County, Wyoming. It lies within the famous oil & gas producing region known as the Powder River Basin in northeastern Wyoming. Two extensive geologic studies have been completed on the Prospect, both of which conclude that the Madren Draw may have geological similarities to a discovery in the Fall River (Dakota) Formation in 1958 known as the Coyote Creek Oil & Gas Field. To date the Coyote Creek Field has produced over 30 Million Barrels of Oil & 25 Billion Cubic feet of Gas. The Coyote Creek Field lies 7 miles northwest of the Madren Draw Prospect.

The Company would also like to announce that the Warren/Thurmond #2 well on the 2,600 acre Camp Colorado Prospect in Coleman County, Texas is now being tied in to the production facility. In reference to Commonwealth's Media Release dated March 22, 2000 the Warren/Thurmond #2 well flow tested at 98.6 Barrels of Oil / Day and 520,000 Cubic feet of Gas / Day on a 18/64 inch choke and open flow tested at 700,000 Cubic feet of Gas / Day. With two wells currently producing on this Prospect, a further development drilling program is now in the planning stages.

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 NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.



THE FOLLOWING NEWS RELEASE WAS ISSUED ON MARCH 22, 2000.

March 22, 2000

Trading Symbol: CWY (CDNX)

MEDIA RELEASE

TEXAS FLOW TEST RESULTS ANNOUNCED?

Commonwealth Energy Corp. ("Commonwealth" or "the Company") is pleased to announce the Flow Test results received from testing the Duffer formation in the Warren/Thurmond #2 well on the Company's 2,600 acre Camp Colorado Prospect in Coleman County, Texas.

The well was flowed on a 18/64 inch choke and tested at a projected daily rate of 520,000 Cubic Feet of Gas and 98.6 Barrels of Oil. The absolute open flow rate was calculated at 700,000 Cubic Feet of Gas per Day. The well is now being put on production.

The Company is extremely pleased with this result. The Camp Colorado Prospect now has two wells that produce from different zones; the Duffer Formation and the Caddo Limestone Formation. In addition to these producing zones there are other Formations that show potential according to the electric logs. As stated in Commonwealth's March 17, 2000 News Release, the two successful wells drilled to date have proven that this Prospect has multi-zone production potential and the Prospect appears to have sufficient acreage to support the drilling of an additional 10 to 12 wells.

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 NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.



THE FOLLOWING NEWS RELEASE WAS ISSUED ON MARCH 17, 2000.

March 17, 2000

Trading Symbol: CWY (CDNX)

MEDIA RELEASE

Warren/Thurmond #2 Well in Texas Flows both Oil and Gas?

Commonwealth Energy Corp. ("Commonwealth" or "the Company") is pleased to announce that a FRAC treatment was completed yesterday in the Duffer Formation of the Warren/Thurmond #2 well on the Company's Camp Colorado Prospect in Texas.

The FRAC designed by the engineer and implemented was 100% successful. The well flowed back through the night and was shut-in early this morning. The shut-in, build up pressure was measured at 1,205 PSI (pounds per square inch). The well was then opened and flowed both oil and gas. The quantities of oil and gas will be measured during a 4-point flow test which will occur over the next few days. These results will be announced.

Commonwealth is very encouraged by this result and as soon as the flow testing is completed, will put the well on production. All production facilities and equipment are in place and the Pipeline Company has capacity to buy the gas.

Commonwealth plans to drill additional wells on the 2,600 acre Camp Colorado Prospect this year. The two successful wells drilled to date have proven that this Prospect has multi-zone production potential. The Prospect appears to have room for the drilling of an additional 10 to 12 wells.

The Company also wishes to announce that a further section in the Caddo Limestone formation of the producing Warren/Thurmond #1 well was perforated and FRACED. Additional production is anticipated from this well.

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 NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.