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Show OIL Page 8 & MINING JOURNAL October 13, 1969 BHIER SERVICI Ini NEW Oil Corp. YORK-B- P says its original tract 96,000-acr- e BETTER SER information from eight wells drilled on BP's property in the Prudhoe Bay area. It was the first report on Alaskan oil reserves made public by an oil company. The estimate would place HPs acreage alone in the neighborhood of the 5 billion barrel East Texas Field, the biggest ever found in North America prior to the Alaska on Alaska's North Slope is estimated to contain 4.B billion barrels of oil, which would make it one of the biggest petroleum finds. BP, the U.S. subsidiary' of British Petroleum Co., said the estimate was made by the firm of DeGolyer and MacNaughlon of Houston, Tex., on the basis of - BETTER SERV tFoddl IflDsCiQD MjpGOGWDif s WASHINGTON - Co the Kaiparowits Project may require an investment of $750 million by the participating utilities of which the other two now are the Arizona Public Service Co. and the San Diego Gas and Electric Co. Up to now, the maximum estimated cost for the Kane coal-fire- d power generating plant for southern Utah moved an important step nearer reality when Secretaty of the Interior Walter J. Hickel signed a water contract for the project with three nonfederal utilities companies. A spokesman for one of the companies, the giant Southern Californis Edison Co., said th companies, the giant southern BP's reserves more than satisfies the conditions BETTER SE regarding requisite reserves in connection with the proposed merger of BP and Standard of Ohio. The- - BETTER S of British price Petroleum Co. shares rose following announcement of the estimate on the London stock market. The British government owns 49 per cent of the parent BETTER . company. 0 l?irjj5tf Muaoirases Californis Edison A mighty find. DeGolyer and MacNaughton earlier had estimated that the entire North Slope contained 50 to 100 barrels of oil. Oil companies earlier this month paid $900 million for leases on acreage on the North Slope. BP owns a total of 561,000 acres in the area. Standard Oil Co. of Ohio said in Cleveland that the estimate of County project was $600 million. Secy. Hickel, noting the contract was for water service from Lake Powell to the proposed Kaiparowits thermal generating plant, said he was pleased to see that this is going to be used to help meet the nations growing energy needs. The contracts stand to benefit the United States in two important ways, said Secy. Hickel. they will assure a source of energy for pumping water from the Central Arizona '& f ; & & - ' ik'j S Offering Service in the 0TC market Stocks & Mutual Funds Project in case the proposed Navajo thermal generation plant near Page does not become a reality, he said. Jack K. Horton, chairman of the board of Southern Californis Edison, said it looks as though it before would be mid-197- 0 advance planning work could be completed and comstruction work started on the project. 210 Kearns Bldg., Utah SLC, 521-35- 62 And Complete Facilities in Ogden 2476 Washington Blvd. 399-556- 6 INVEST!!! IN PROFESSIONAL WORKMANSHIP IBM EQUIPMENT SPECIALISTS IN SERVICE FOR Advance Resources Acquire Firms To PHOENIX, ARIZ- ,- Advance Resources Corporation has announced plans to acquire all of the assets of U. S. Mica Corporation, Walter Kassell & Associates, Inc., both of New mcxico, and Capital Mining & Milling Corporation of Idaho, For an undisclosed amount of cash an; stock in Advance mining operations, earthmoving and transportation equipment, milling facilities, and potential recreational areas located in New Resources, an Arizona Mexico. corporation trading over-the-count- Included in the assets to be acquired in the merger agreement are silver, gold, lead, zinc, iron, mica, attendant FACTORY RECONDITIONEdIBIVItYPEWRITERS Advance Resources is an outgrowth of Progressive Investment Corporation and P.I.C. Research One Year unconditional guarantee II in Carriage reg. $350 Sale Price $299 at $300 and Starting Mail Development Corporation of Phoenix Advance Resources in Carriage 15 orders accepted from out of town. Sale Price $425 officers are: . Walter N. Kassell, chairman of board; Harris McFerrin, president, and Warren Brown, secretary. SALES Kaiser Alum, to Explore in Wyoming CALIF. OAKLAND -- A developing metals and mineral resources, a company spokesman announced. The primary focus of the new company will be on copper, uranium, nickel, precious and specialty metals, and on raw materials that could lead the corporation into new business uranium exploration program in Wyoming will be an important phase of expanded exploration and mining activities by Kaiser Aluminum and Chemical Corp. A new subsidiary has been formed to operate internationally in seeking and Wyo. Plans Coal CIIKYKWK, Yyo- .- yoming Gov. Stan Hathaway has announeed (hat Pacific Power and Light t.o. and Idaho Power Co. will hi 'Id a 8B00 million coal-fire- REPAIRS areas. Edward L. Vickers, formerly head of the corporations specialty metals division, has been named vice president and general manager of Kaiser Exploration & Mining Co. electric power plant near Koek Springs. Hathaway said the plant is the largest single project ever undertaken in W yoming. .. - - , ' J': - i . j i. '! J Yl lf ' 1 Broker-Deal- in er STOCKS - BONDS - MUTUAL FUNDS Call for information on: 35 NORTH UNIVERSITY AVENUE-PROV- T - FLYING DIAMOND MODERN MINERALS UTAH 84601 O, 328-444- 4 - 'I r j unit on Maintenance Contracts PHONE 339-700- He said construction work on the plant will begin in 1971 and employ about BOO persons, He said 200 will be permanent ' 5 209 E. 3rd SO. SALT LAKE CITY, UTAH will PRECISE PROFESSIONAL PERFORMANCE 'IT ocnipueEin&edl I meE)Ga v I i i i SttocEx 'Rvamsvev II 111111 I mm i Sercnc Immediate stockholder mailings Accurate lists of stockholders both engraved or punchcard certificates I llll I SECURITIES TRANSFER, INC. III I I Transfer Agent 1935 South Main St., Suite 538 Salt Lake City, Utah 84115 Registrar TELEPHONE (801) 375-257- 0 SALT LAKE CITY TELEPHONE j $9 per - ' HI BULLION MONARCH EAST ANTELOPE j at least organizations operations. I , 7 Save . and will direct the new I j :! Kaiser Corp.s Plant Electric d RENTALS & 485-039- 3 i |