Commonwealth Texas Developments Update & Wyoming F24-5 Beltch Well Testing Scheduled to Begin.CALGARY, Alberta--(BUSINESS WIRE)--Oct. 13, 1999-- Commonwealth Energy Corp. ("Commonwealth" or "the Company") is pleased to announce that a service rig has been secured and the completion of the Straun Formation in the BYRD #1 well is set to commence. This well lies on the Company's Old World Prospect in Parker County, Texas Parker County is a county located in the U.S. state of Texas. In 2000, its population was 98,495; in 2005, its population was estimated to be 102,801. The county is part of the Dallas/Fort Worth Metroplex. . An independent engineering report completed on the Old World Prospect states that it contains proven and unproven natural gas reserves in excess of 15,000,000,000 cubic feet of gas (As referenced in the Company's April 19, 1999 Media Release). The Company also announces that the WARREN / THURMOND #1 well on the Company's Camp Colorado Prospect in Coleman County, Texas Coleman County is a county located in the U.S. state of Texas. In 2000, its population was 9,235. It is named for Robert M. Coleman, a signer of the Texas Declaration of Independence and soldier at the Battle of San Jacinto. The seat of the county is Coleman6. was put on production on September 14, 1999. The well was initially put on to production at 315,000 cubic feet of gas per day and is currently producing at 330,000 cubic feet of natural gas per day. The Company is planning to drill additional development wells on this Prospect. On October 5, 1999 Commonwealth purchased additional leases covering 2,186 acres adjoining the Company's Madren Draw Prospect in Wyoming. This increases Commonwealth's total land position for the connecting Alkali alkali (ăl`kəlī) [Arab., al-gili=ashes of saltwort], hydroxide of an alkali metal. Alkalies are readily soluble in water and form strongly basic solutions with a characteristic acrid taste. Draw & Madren Draw Prospects to 6,027 contiguous acres. Additionally, Commonwealth has secured a service rig to perforate per·fo·rate v. 1. To make a hole or holes in, as from injury, disease, or medical procedure. 2. To pass into or through (a body structure or tissue). adj. Having been perforated. and test the target zones in the F24-5 BELTCH well on the Company's Alkali Draw Prospect in Wyoming. The service rig is scheduled to begin the completion testing on Monday, October 18, 1999. For more information, please contact Bob Stewart There are different people named Bob Stewart:
THE ALBERTA STOCK EXCHANGE Alberta Stock Exchange See Canadian Venture Exchange (CDNX). HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN. |
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