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

To: Leigh McBain who wrote (11)	8/13/1998 1:22:00 PM
From: Leigh McBain	Read Replies (1) \| Respond to of 242

Here is the latest update from Commonwealth: Commonwealth is preparing to begin drilling on its gas property in Texas known as the Camp Colorado Prospect. The prospect is located in Coleman County, Texas. The first well is scheduled to be drilled in September. The potential for this well is 1BCF (billion cubic feet) of gas. Several wells in the immediate area have produced in excess of 1 BCF per well. The depth of the well will be less than 4,000 feet. The target formations include the Marble Falls, Duffer, and Ellenburger formations with the principal target being the Marble Falls formation. Commonwealth also plans to drill several other wells this fall on select properties in Wyoming and on the Camp Colorado Prospect. Throughout the past few months Commonwealth has been actively pursuing leasing programs in Texas as well as conducting geological surveys on all its properties in Wyoming and Texas. The results of the geological surveys were excellent. Commonwealth now has a total of 16 properties in Wyoming covering 32,140 gross acres. The estimated gross potential reserves for the prospects in total is 173,600,000 BO (Barrels of Oil). For further information you can call me at 1-800-950-2587 Thank-you for your interest in Commonwealth Energy Corp. Doug Wolters Commonwealth Energy Corp.