Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Kerm Yerman who wrote (11735)	7/14/1998 8:23:00 PM
From: Kerm Yerman	Respond to of 15196

FIELD ACTIVITIES / Commonwealth Energy Corp. Texas Activity COMMONWEALTH ENERGY CORP. IS PLEASED TO ANNOUNCE A NATURAL GAS PROJECT IN COLEMAN COUNTY, TEXAS WHITE ROCK, B.C.-- The Company is in an active leasing program and to date has acquired about 50% of the land it is interested in. Although there are 4 potential zones of interest that could produce commercial quantities of hydrocarbons, the main target zone is the Marble Falls. Four wells in close geologic proximity to the prospect have produced more than 4 BCF (Billion Cubic Feet of Gas) to date. That is more than 1 BCF per well. Commonwealth will announce the drilling date of a test well in this area as soon as the leasing has been completed. Commonwealth has been working on additional properties in the Powder River Basin, Wyoming. The target of interest is the Dakota Channel. These prospects are considered very key to the long-term development of Commonwealth's proven reserve goals. In reference to our media release of June 1, 1998, the treatment of the River Road #1 well, Seedy Draw, Niobrara County, Wyoming is now complete. The Turner zone has been successfully perforated and treated. It will take approximately 60 days to obtain results. Further announcements are forthcoming.