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

To: Chuca Marsh who wrote (202)	5/4/2000 4:31:00 PM
From: Leigh McBain	Respond to of 242

Perforate just refers to the process of boring thru the casing at a depth where you feel you may have a strike. The original WY well had a shallow gas show, but it was so shallow that the logs were not being run and so the company did NOT have an accurate depth indicator. They are using the logs from the second well and will announce, hopefully soon, whether they believe they have sufficient information and potential economics to warrant going after the zone. Salut, Leigh McBain

To: Chuca Marsh who wrote (202)	5/17/2000 7:03:00 PM
From: Leigh McBain	Respond to of 242

COMMONWEALTH ENERGY CORP. MAY 17, 2000 Trading Symbol: CWY (CDNX) MEDIA RELEASE Commonwealth Preparing To Complete Bedsole #1 Well In Leon County, Texas?Commonwealth Energy Corp. ("Commonwealth" or "the Company") is pleased to announce that preparations are now being made to complete the Bossier Zone at a depth of 14,140 feet in the Amerada Hess T-BAR-X Bedsole #1 well on the 700-acre Bedsole Unit in Leon County, Texas. The engineering firm of William M. Cobb & Associates Inc., Worldwide Petroleum Consultants who completed the engineering report on the Bedsole #1 well has given the well an undiscounted value of $17,884,000.00 (USD) based on an average natural gas sales price of $2.00 (USD) / MCF (MCF = one thousand cubic feet). The price of Natural Gas (June contract on the New York Mercentile Exchange) closed today at $3.68 (USD) / MCF. The expected initial flow rate from the Bossier formation according to the engineering report is between 4 & 6 Million Cubic feet of Gas / Day. It is Commonwealth's intention to perforate, treat, and test the Bossier Zone in the Bedsole #1 well at a depth of 14,140 feet starting the week of May 22, 2000. Commonwealth is the Operator of and holds a 50% working interest in the Bedsole Unit. William M. Cobb & Associates Inc., Worldwide Petroleum Consultants study completed on April 1, 2000 analyzed the Bossier Zone at a depth of 14,140 feet, the Cotton Valley Sand Zone at a depth of 12,738 feet, and the Travis Peak Zone at a depth of 9,370 feet. The results of the Engineering Study indicate Natural Gas Reserves in this one well to be 38.3 Billion Cubic feet of Gas with a net probable recovery of 16.32 Billion Cubic feet of Gas. This is the combined total of gas reserves in the three zones behind casing in the well based on a 160-acre spacing unit. In addition 3D Seismic as well as Electro-Seise Inc.'s airborne Gravity Seismic technology both indicate that there are two Pinnacle Reef potential drilling targets contained within the 700-acre Bedsole Unit. The Bedsole Unit lies on trend within 1.5 miles of two Reef discoveries. The Marshall A-1 discovery has to date produced 90 Billion Cubic feet of Gas in 15 years and continues to produce 10 Million Cubic feet of Gas per Day. The Poth Discovery has produced more than 60 Billion Cubic feet of Gas from 2 wells and current production is more than 20 Million Cubic feet of Gas per Day. Pinnacle Gas, a subsidiary of Western Gas Pipeline have a 20-inch pipeline within 2,000 feet of the Bedsole #1well and have made it clear that they are able and willing to buy all the Gas that Commonwealth and Trend can produce from the 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

To: Chuca Marsh who wrote (202)	5/19/2000 4:30:00 PM
From: Leigh McBain	Respond to of 242

Chuca, an Internet acquaintance posted this on another thread, I found it rather interesting, especially given that CWY's successes have been largely gas related, the future for gas prices looks particularly good!! Salut, Leigh McBain Canadian Energy Stocks Rise With Oil And Gas Prices By Dann Rogers CALGARY (Reuters) - Soaring natural gas and oil prices have set the stage for a run-up in share values of Canadian energy companies -- a bull market that could continue for up to 18 months, industry executives said Thursday. With natural gas prices at record highs and the price of crude topping $30 a barrel the Toronto Stock Exchange's oil and gas subindex climbed 79.79 points to 7841.11 Thursday, a level not seen since Oct. 16, 1997. Leading the charge were larger producers weighted heavily toward gas production, such as Anderson Exploration Ltd., up C$1.25 to a 52-week high of C$27.50, and Canadian Hunter Exploration Ltd., which rose C$1.70 to C$33.75, also a high for the year. ``These shares still have a long way to go,' said Peter Linder, an industry analyst with Harris Partners in Calgary. ''We're only in the fourth inning of a ball game that could go into extra innings.'' His favorite stock of the moment is Anderson, which he forecasts will rise to C$45 a share within the year. The bullish outlook for the sector isn't restricted to analysts working for brokerage firms that profit from the buying and selling of energy stocks. Mutual fund managers share the view that the sector is still in the early stages of a bull market. ``A lot of the analysts are saying these stocks could rise 50 percent in the next year, I think it could be even more,'' said Joseph Schachter of Schachter Asset Management Inc. ``I've been buying Canadian energy stocks for the last couple of days.'' Canada's oil patch went into the doldrums in October of last year as investors embraced Internet and high-tech issues. But the return in vogue of value investing, coupled with pledges by the world's largest oil producers to attempt to stabilize crude prices in early April, has pushed up the oil and gas index by 25 percent over the past six weeks. And, while oil prices continue to creep back up to their post-Gulf War highs -- U.S. benchmark prices rose 88 cents a barrel to $30.25 late Thursday -- natural gas prices are at record highs and rising, amid fears of supply shortages next winter. Gas for sale in the day-to-day market at Alberta's key AECO storage hub rose 25 Canadian cents per gigajoule Thursday to C$4.45 per gigajoule -- double what it was a year ago. For those willing to lock into longer-term contracts, gas for delivery next winter was selling for more than C$5 per gigajoule. ``It's definitely the pricing of commodities that's fueling this market,'' said Ken Faircloth who analyzes smaller oil and gas firms for brokerage Goepel McDermid. ``A few weeks ago, most analysts were forecasting share prices based on oil being at an average price of $25 a barrel and gas at C$3.50 per gigajoule. Now, oil is expected to be at about $26.50 to $28 a barrel and gas is moving up every day, and could be as much as C$5.''