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Show Option To Buy Refinery At Jensen Is Signed H. L. Waite, of Denver, has signed an option to purchase the Jensen Refinery owned by the Utah Cooperative Ass'n., it was announced last week. An official of the Co-operative confirmed that a four-month four-month option dated Friday, has been signed with Mr. Waite, president of the First National Oil Corp., Denver. He said the option called for payment of "somewhat less" than $250,000. The co-operative bought the refinery several years ago from Equity Oil Co. for about $175,000. The co-operative official quoted quot-ed Mr. Waite as saying he had plans to extend the 2,000 barrel-a-day processing facility. If the option is exercised, the co-operative would still obtain its Uintah Basin petroleum products pro-ducts from the refinery. |