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Show The National Enterprise , July 21 , 1976 Page two Patton Oil Notes Increase in Developed Reserves DENVER Patton Oil Company has announced that independent engineering, completed on all its 26 properties located in 17 different fields in the state of Kansas, show reserves in the proved developed category of 311,167 barrels of oil and 1.9 billion cubic feet of natural gas. This with barrels 303,710 compares of oil and 1 .5 billion cubic feet of natural gas in 1975. open to production in existing wells and with existing facilities. wells. According to the report, an expenditure of about $700,000 would be required to recover the reserves. Future net revenues, disProbable undeveloped counted at 8 were $3,535, 511, he said, compared to reserves assigned to Pattons $2,101,889 in 1975. Higher interest were 489,890 barrels product prices and increased of oil and 1 .6 billion cubic feet reserves both account for the of natural gas. Patton said substantial increase, Patton that reserves assigned under said. this classification are those In the proven undevelwhich are supported by favoroped category, the engineer- able engineering and geologPresident of the com- ing report revealed that Patton ical data, but which arc subpany, Harold W. Patton said Oil Co. had an additional ject to some element of risk. Patton Oil Co. is currently that all reserves in this cate- 351,000 barrels of oil. Patton gory will be produced from said that these reserves are receiving an average of about completion intervals currently behind the casing in existing $12.00 per barrel of oil and 60 cents per mef for natural gas. Recently, the company signed new gas purchase contracts THE with gas producers ranging NATIONAL Subscriptions S24.00 per year 50 Cents Per Copy The Notional Enterprise is published weekly by the National Enterprise Publish inp Company, Inc, S00 Continental lank lldg., P.0. Boi 1 1 771, Pioneer Station, Salt lake Gty, Utah MI47. (101) 6 from $1.25 to $1.50 per mcf. Patton said that these new contract's should help raise the average price of gas sold significantly in the coming year. S33-0SS- Second Closs Postage Paid R. r. Salt lake City. Utah Gaorga Gragarsan Publisher Alana E. Benllay Editor Ryan B. Poulton Business Manager Mary McMillan Gaber Doan Alsup Staff Reporters Peter Harrison Operations Manager Renaa Soagmillar Circulation Manager Whitelock Sells Uranium Property GRAND JUNCTION, Co. Corporation has announced the sale of a uranium property located near Moab, Utah, to Cotter Corporation, a subsidiary of Com- monwealth Edison Company. Hal Thornburg, executive vice president said the property was sold in exchange for the cancellation of all the indebtedness of Whitelock Corpora Whitelock tion to Cotter and a royalty retained by Whitelock, together with the other owners of the property. He emphasized that Coter does not have any minimum work obligations which it must meet under the transaction. He did say, however, that the owners believe Cotter will conduct active exploration and dev Get your grub stake and start out for the Gold Country. Stake a claim and dig for gold. Get lucky and make a strike! Start collecting your gold bricks . . . beat the others to the next spot and do it again. Be careful not to blow your money on worthless digging. If someone jumps your claim sue them! - As you get rich with gold you have important decisions to make. The price of gold is going up unprcdictably. Arc you going to invest in more gold production or in San Francisco hotels? Those hotels can be highly profitable and the last hotel lots are being snapped up. - You can come from behind taking spectacular risks, skirting bankruptcy and win it all!! Each game is different. You must decide between your money, gold, hotels and mines in order to win by ending up the wealthiest. Jbv to wiB the gdd M Gold Fever is played in a nostalgic setting reminiscent of the early gold rush days in California and Nevada. All the gold mines and districts are authentic. The historic San Francisco hotels in Gold Fever are still elegant today. If you visit these hotels you will notice the actual sidewalks shown on the board. elopment work on the property because of its present need for uranium. The purchase agreement which was executed July 2, 1976, is subject to a formal closing to be held within the next several days. At present, Thornburg said there are no known major impediments to the closing of the transaction. gold bugs have taken our position in traditional We are settled down for the long wininvestments. gold ter's hibernation until our gold profits are maximized. While you are waiting, enjoy the excitement and entertainment of dealing with your own 10 oz. and perhaps 100 oz. gold bricks being produced from your mines, (defending on if, when, and where you strike gold). GOLD FFAER is a fun way to keep your hand in. We Though gold is a serious affair, GOLD FEVER is intended to be a fun game. However, when four people get down to playing, it is surprising how serious things can get because onlv one can win in a game of GOLD FEVER. - GOLD FEVER is much like real life 50 luck and No two alike but there are timestrategy. games are less strategy considerations that will affect the ultimate outcome of whether you w in or lose. The more you plav the game the more expert you become at balancing strategies. 50 There are 500 games in this first edition. These 500 and only these 500 will be numbered and personally autographed by Norman Lamb. They may become collectors items as this is the first gold game ever. DISCOVER GOLD IN CALIFORNIA PLEASE SEND ME YOUR GAME, GOLD FEVER DIG FOR GOLD IN VIRGINIA CITY STACK UP BRICKS OF GOLD FROM YOUR MINES Games at $14.95 each P.O. Box 148 Vallejo, Postage $1.00 each $ TO: tax each $ Handling GET RICH IN THE GOLD MARKET Calif. Res. add OWN FAMOUS HOTELS IN SAN FRANCISCO TOTAL AMOUNT ENCLOSED BANKRUPT EVERYONE ELSE AND WIN EVERYTHING Corporation Products Division $ SUE FOR CLAIM JUMPING & SRT 90$ $ CA 94590 please print |