Show announcement THE SHAFER OIL AND ROYALTY COMPANY was organized by the shafer family who hold the original permits on the cane creek shafer and lockhart structures the permits located on the cane creek and shafer structures were contracted to jones and aitken oil operators of denver colorado and by them assigned to the midwest exploration company aal he utah southern oil company aa a result of these transactions the midwest exploration company is now drilling the frank shafer permit on the cane creek structure and the J H shafer permit on the shafer structure of the royalties reserved to the members of the shafer family the chafers have conveyed to the SHAFER OIL AND ROYALTY CO one half of one per cent 1 of 1 of the primary acreage on the john L shafer permit on the cane creek structure one half of one per cent yi of 1 of the primary acreage on the J H shafer permit on the shafer structure two fifths of one per cent 25 2 5 of 1 of the primary acreage on the frank shafer permit on cane creek structure and one per cent 1 of the primary acreage on the john L shafer permit on the lockhart structure all of these permits of which royalty interest has been assigned to the frank shafer no 1 well in action on dec the foregoing photograph shows the no 1 well drilled in on the frank shafer permit december 8 1925 this well flowed a large volume of oil for several weeks but owing to the failure of the company to cut off the water flow a definite test was never made and the operating company was forced fo case off both oil and water to explore the lower formation however another rig has been constructed and drilling operations erat ions will soon begin for the purpose of developing the oil stratum encountered in the no 1 well at a depth of 2025 feet the frank shafer no 1 well lies approximately in the center of the acreage included in the frank shafer and john L shafer permits on cane creek structure the corporation are in good standing and under drilling contract to strong operating companies drilling operations are being actively conducted on two of these permits and material is being moved to the ground to test the lockhart structure the first lockhart well will be drilled approximately two thousand 2000 feet from the john L shafer permit thus testing the lockhart structure upon which the john L shafer permit Is situated it will thus be seen that no obligations of any nature rests or will rest upon the SHAFER OIL AND ROYALTY COMPANY for develop ment of any nature there wll be no finance required and no obligations fallig upon the company other than the maintenance of the organization the shafer family have organized this corporation for the purpose ot more conveniently handling their royalty interests the stock of the corporation is fully paid non asses sable and all issued to the stockholders the company is incorporated for forty thousand dollars divided into eight hundred thousand shares of the par value of five cents ac per share the stockholders at this time desire to sell one hundred thousand shares of their stock at par it is believed that the well now being drilled on the J H shafer permit on shafer structure will soon encounter the oil horizon which produced in such volume in the shafer no 1 well the J H shafer well has now attained a depth of about 1900 feet and the first oil producing horizon should be encountered at about 2400 feet we regard the purchase of this royalty stock as the cleanest cut oil speculation on the market today and do not hesitate to recommend the purchase before further discoveries are made on these structures obviously sly upon further discover of oil there ill be a material increase in the selling price of these chares shafer oil royalty company J H SHAFER president FRANK SHAFER vice president JOHN L SHAFER treas moab utah ia a t |