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Show PBHRiWHUl National Enterprise , March 24, 1976 Page Nine Higher Prices, Successful Drilling Boost KRM Petroleum Earnings DENVER--- Were Helping Keep Americas Automobiles on the Road Gasoline expensive and in short supply. So it's important to conserve every possible drop of this precious fuel. That's where we come in! is We insulate petroleum storage and transport facilities to help prevent heat loss caused by high temperatures. Insulation of pipe lines and storage tanks makes them safer too! We're also involved in insulation projects to help protect petroleum products from extreme temperatures on the other end of the scale. We have insulated instruments for the newly developing oil program in the North Sea where temperatures reach 50 degrees -- F. There are many ways to conserve gasoline. Driving at slower speeds and keeping your automobile tuned up are a couple of them. This is how you can help. Insulation of petroleum facilities is another way. And that's the business were're in. A 159 percent gain in calendar 1975 net earnings on a 12 percent advance in total revenues was reported this week by K.R.M. Petroleum Corporation (OTC 1.50, 1.875) independent oil and gas production and exploration company headquartered in Denver. Net earnings for the 12 months ended December 31, 1975 were $352,000 or $.27 per share on revenues of $1,398,000 the Company reported, up from net earnings of $136,000 or $.10 per share on revenues of $1,248,000 in calendar 1974. 1975 oil and gas sales totalled $1,398,000 compared with $1,140,000 a year ago said Robert A. Kadane, President, who attributed the improvement to higher prices and a successful development drilling program which increased 1975 oil production to an average of 310 net barrels daily from 295 barrels per day last year. The Companys net gas production declined 16 percent from 1.44 million cubic feet daily in 1974 to 1.22 million cubic feet daily in 1975 Kadane disclosed, but he said K.R.M. has interests in six shut-i- n gas producers, two in fourth quarter of 1975 totalled $73,000 or $.06 per share on revenues of $398,000 according to the Company, compared with a loss of $52,000 or $.04 per share including year-en- d adjustments on revenues of $304,000 during the final 7 Joint Venture Extends Micron Service DENVER-Micr- on Yorks Long Island Corpora- tion, (OTC 1.0625, 1.25), Denver based distributor of food and related consumer disposable items, last week announced a joint venture agreement with SILO Corporation to extend its quantity food purchasing program to New FAIRFIELD, common stock that SILO will New Jersey, Robert J. OBrien, president of Rapidata, Inc., (OTC 4.125, 4.50) announced that it has entered into a two year contract today with Pittsburgh National Bank for the sale of remote access computer services. Mr. O'Brien declined to estimate the revenues to be generated under the contract. during the GOLD PROFITS HOW TO MAKE A FORTUNE FROM THE COMING GOLD ROOM INVESTING IN LITTLE KNOWN U.S. BOND MINE STOCKS From '60 to 68 penny silver stocks increased in price on average 150 times it will happen to penny golds! Learn 1 5 specific reasons why you should consider penny gold stocks. penny golds listed and discussed. Ten chapters, 177 pages, 4 appendix, 814 x ables controls, installment credit financing methods, and marketing and merchandising techniques. The program with SILO is Microns first venture into markets outside the Rocky Mountain region. Overthrust belt activity reaches Into Utah: Drilling activity along the Overthrust Belt in southwestern Wyoming's Evansville area now reaches across the state-lin- e into Utah with an announcement of two new exploratory test wells to be drilled. Anschutz Corporation, Denver, has scheduled two wells to the Nugget formation to depths of at border near the least 8,800 feet just across the 0 Interstate-8route railroad section vicinity of Wasatch, just off No.s will and drill both wells, the to Evanston. Anschutz 3 Fee, in section 33, township 6N, range 8E. The location is about 20 miles north and slightly east of the Nugget formation Some suggestions will surprise you! r have issued and outstanding. Micron Corporation will contribute $100,000, to SILOs initial capital structure of $300,000, together with providing its methods and techniques of making foodstuffs available to families that join its Closed Family Food Program. Additionally, Micron will provide expertise in warehouse organization and flow, computer software programs, including billings and receiv- Oil & Gas News Why Which ones to select, when to buy, how to buy, how to diversify, how to invest, when to sell, how to sell. Fifty-fou- Utah-Wyomi- 1 communi- ties. Under terms of the agreement, said Micron president Warren D. Massey, Micron will receive 50 percent of the one million .01 cent par value Rapidata Sells Service to Pittsburg Bank r. Net earnings Kadane announced. The Ford No. expected to be on stream and to add materially to the Companys 1976 gas production by mid-summe- Texas, County, of 350 pounds. The 1,900 acre property currently produces 120 barrels of oil and three hundred thousand cubic feet of gas daily exclusive of the No. 7 Kadane said, and further exploratory and development drilling is planned. K.R.M. owns an average 25 percent revenue interest in the K.R.M. recently finalled a new zone discovery in its continuing drilling program on the Companys Marie Welder Ford Lease, San Patricio Eastern Utah, which are HOUSTON tubing pressure quarter of 1974. Texas, two in Rio Blanco County, Colorado, and two in SALT LAKE flowed 80 barrels of oil per day, no water, through a l8th inch choke from a 3,900 foot Catahoula Sand with flowing ng 1-- Isize. 33 2-3- Acclaimed by national and international gold experts and financial editors. oil production in Pineview field. Ute Indian oQ and gas lease sale: The Uintah-Oura- y Agency, Fort Duchesne, has offered 43 of tribal land tracts containing 22,943 acres in a sale of oil and gas leases. The sale will be by sealed bids and will be opened on April 6 at the Ute Tribal Community Building at Fort Duchesne. The lands offered are along the south side of the Bluebell-Altamofield complex in Duchesne County. They from offset direct acreage in the Cedar Rim area of the range The author, Norman A. Lamb, has studied Western gold mine geology for 20 years and he is the only authority in this little known investment field. not too late! These unknowns will be the gold stocks of the future. The penny gold action has barely begun. It is Be , ahead of the crowd! Discover obscure penny golds before they get popular. A new way to look at gold investments. your copy of SMALL FORTUNES IN PENNY GOLD STOCKS SEND Name Address. City State nt 10 NOW Mail this coupon to: SRT Corporation P.O. Box 148 Vallejo, California 94990 Zip STOCKS by Please send me copies of SMALL FORTUNES IN PENNY GOLD Norman Lamb at 10.00 each (California residents add sales tax). Enclosed is a check for NE field to 10 miles south of that area and south and west of the Indian Ridge and Duchesne fields. Complete descriptions of the acrea offered may be obtained from the agency. Six wells drilling in Snmmit County: The most active area in Utah currently being explored for oil and gas deposits is in Summit County, according to Carlton Stowe, minerals specialist, Utah Geological & Mineral Survey. Six wells in the county are underway, three of which are drilling at depths below 14,000 feet. Two of the wells are in the Pineview field which also has a third well scheduled. American Quasar Petroleum, Energetics, Inc., North Central Oil, Champlin Petroleum, Amoco Production, CIG Exploration and Anschutz Oil Corporation are the oil companies currently at work in the county. |