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

To: GC who wrote (218)	6/22/2000 6:31:00 PM
From: Leigh McBain	Respond to of 242

Just to clarify things a bit, I was double checking my understanding of everything: - the original engineering suggested an expected flow rate of 4-6 million cfpd WITH a frac. - current wells with similar in well pressure and zone porosity from the Bossier formation are coming in at 4-6 million cfpd without a frac. - current wells with similar in well pressure and zone porosity from the Bossier formation are coming in at 7 - 15 million cfpd WITH a frac. - Doug has indicated that the cost to produce from the well is only a couple of hundred dollars per day and that at the 4 million cfpd range, the well should be worth somewhere around $250k cdn per month NET. That equates to about $1.00 cdn NET per share per annum from JUST ONE well. Looks pretty worthwhile to me. The numbers then go up from there as the flow rate goes and as other wells are brought on stream. Now that's gravy!! One other item of note is that the wellhead pressure has been rising daily and has gotten to just above 6300 psi now. I am very definitely interested in seeing the results from this well. Salut, Leigh McBain

To: GC who wrote (218)	6/28/2000 12:59:00 PM
From: Leigh McBain	Respond to of 242

Anyone who is on the mailing list from CWY will already know, however, word is that we have been officially told that CWY is next on the list to get the frac truck. If there are any delays and a window frees up we will see it and we are next in line for regular scheduling as well. It should be pretty quick, delays of this nature are quite simply a pain in the ass. Salut, Leigh McBain

To: GC who wrote (218)	7/5/2000 7:12:13 PM
From: Leigh McBain	Respond to of 242

COMMONWEALTH ENERGY CORP. JULY 5, 2000 Trading Symbol: CWY (Canadian Venture Exchange -- CDNX) MEDIA RELEASE Commonwealth Completes Acquisition of Working Interests and Royalty Interests in 740 Oil & Gas Wells in Alberta, Canada… Further to Commonwealth's December 23, 1999 Media Release and the CDNX July 4, 2000 acquisition approval announcement, Commonwealth Energy Corp. ("Commonwealth" or "the Company") is pleased to announce that final approval has been granted from the CDNX for the Company's December, 1999 acquisition of 638260 Alberta Inc. 638260 Alberta Inc. owns small Working Interests and Royalty Interests in a group of 740 proven producing oil & natural gas wells as well as several plant facilities and gas gathering facilities throughout Alberta, Canada. The majority of the wells are located in the Vermilion area of East Central Alberta. Ninety percent (90%) of the 740 wells are designated as natural gas wells. The set of oil & gas assets are fully managed by an intermediate size oil & gas operator, Signalta Resources Limited. 638260 Alberta Inc. was purchased in consideration of 1,375,000 common shares of the Company at a deemed price of $0.20 / share in December, 1999. The securities issued can not be transferred or sold before November 4, 2000. 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.