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Show Page nine The National Enterprise , August 4, 1976 FB Truck Earnings Up Truck Line Company (OTC 6.00, 6.75) reported that net operatwill Two new exploratory test wells be' drilled in Utah ing income for the second Division & to Gas of Oil, according the Mining. Applications quarter ended June 30, 1976, r to drill the, wells were approved this week. exclusive of an extraordinary KoCk Exploration Company, Denver, submitted an credit, rose 339 percent to application for its No. 1 Red Creek located about 5 miles $190,195, equal to 37 cents per southeast of Fruitland in Duchesne County. Location is some share, from $43,296, or eight 20 miles west of the town of Duchesne and is just southwest of cents per share for the corRim field west responding period of 1975, oil and gas' production in the Sink Draw-Cedof Starvation Reservoir. Koch Exploration has not released according to an announcement the planned objective depth of the wildcat well. by Merlin J. Norton, chairman In Grand County, Willard Pease Oil and Gas Company, and president. Revenues for Grand Junctipn, has scheduled the No. CC-- 1 Federal- - the latest reporting period Anschutz to go to about 3,450 feet to test the Entrada were $4,074,758 as compared formation for possible oil and gas potential. It is in the Bull with $3,026,739 for the second Canyon - Cisco Dome vicinity some 15 miles northeast of the quarter of 1975, representing an increase of 29 percent. town of Thompson. Net operating income for, SALT LAKE CITY F-- B - . The sale of the pacific northwest operating authority should result in an approximate $200,000 per month in reduction operating Norton added. revenues, F-Truck recently de- dared an $.08 per share cash dividend payable August 15, B 1976 to shareholders August 1, 1976. of record The $.08 per. share cash dividend represents a 33 percent increase over the first quarter cash dividend of $.06 per share. The Company paid quarterly cash dividends of $.03 per share in 1975. ar . the six-mon- th period, exclu- sive of the extraordinary credit, advanced 392 percent to $284,291, or 55 cents per share, compared with net income of $57,905, or 11 cents per share last year. Revenues for the latest report-- , ing period were $7,577,943, an increase of 23 percent, versus $5,797,991 for the cumulative six months of 1975. six-mon- th Net income for the six months ended June 30, 1976, including the dktraordinary of $132,000, was $416,291. The extraordinary credit resulted from the sale of the Companys pacific northwest operating authority sold to Pacific States Transport, credit effective June 1, 1976. Norton said- the - Com- pany's operating revenue for the second quarter primarily benefited from the increasing commercial and industrial officially awarded the second phase of a U.S. Navy contract for the development of a shipboard solid waste disposal system.: Total contract price of the second phase is $280,000., ..The Erst phase, of this r & d contract has been successfully completed, tested and evalu- ated by the , laboratory Annapolis, Maryland. President of Clear Air, Ralph W. Taylor, said he expects the $7.7 million. contract won by the company in Chicago for a 450 ton per day facility to. get under way within 90 days. Clear Air is also submitt. ing a proposal on Aug. 2, to Beverly, Mass, to design, construct, finance, own and operate a resource recovery facility. The 600 ton per day facility, Taylor said, will be capable, of, generating 861 million pounds of steam per year. The steam will generate , ; ; 69 million kilowatt hours (KWH) of electrical energy per year.- - ... A proposal for a similar facility has been submitted to Oneida County New York for .heating steam for Griffis Air . Force Base located in that area. The proposal is for construction, ownership and operation of a 450 ton per day facility. To its list of sales repre- sentatives Clear Air has added the Federal Energy Corpora- - tion of Denver and several firms located throughout the New England area. Taylor identified eastern representa- tives as Environmental Con- suiting Engineers of Wayland, Mass.; Kenneth A. Taylor & Associates of Syracuse, New York; and James E. Brown of New York City. Freiss Equip- ment Company of Akron, Ohio will also be engaged as a representative. construction activity in the western part of the United states. He a(jded, however, j?bs growing number of in- -' terlining arrangements with midwestern carriers for the hauling of farm equipment and machinery, manufactured midwest for shipment to jn fl,e western markets, served carrier fleet was also hy F-a significant contributor to the much improved results, Bs ri i i i i i i i i vou Covered i i i i i i i i i i i i i I With over 1600 ttock quotations, news articles, earnings reports, corporate profiles, market OTC securities market columns and feature stories, the National Enterprise covers the from coast to coast. s behind closed doors of We make it our business to know"what's going on in the industry II on the board rooms to changing securities laws and regulations. We keep you posted corporate latest developments and abreast of current trends. deserve. The National Enterprise gives your investments the kind of coverage they Please send me a one-yea- r Enclosed Is S24.00. subscription to the National Enterprise. NAME. ADDRESS. CITY. STATE. 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