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Show Page National Enterprise 12 Energy Minerals Plans Growth Exploratory participation will be in Colorado, Kansas and the Williston Basin in Wyoming. The three wildcats in which the firm participated last year-o- ne each in Wyoming, North Dakota and dry holes. There has been a lot of seismic activity recently (in Kan-sas-we- the re Rocky Mountain region), and drilling will follow, predicted. Jul-and- Domestic Operations er The Denver company also owns 17,600 net acres under 88,000 gross acres of undeveloped oil and gas concessions in the British sector of the North Sea, but so far, it has no plans for active development in that area during the year. Problems with the area, Julander said, are both political and economic uncertainties For our company, we are not optimistic about other tha.i domestic exploration, he. added. The company presently is building facilities to market casinghead gas from wells in the Spindle field. It has two shut-i- n wells from the Sussex formation that are pending contract negotiations before completion. The wells, according to Julander, are being hooked up for production and can produce one million cubic feet of natural gas and 75 barrels of oil a day between them. It has 10 other wells in the area that already are producing oil from the full-intere- st deeper Shannon formation, which also produce gas and oil from Sussex. Julander estimated that approximately 25 more full- interest wells can be drilled in the same area by Energy Minerals. The company is buying a compressor and laying gas gathering lines to start selling gas from two other leases in the area, and as part of the program, seven wells will be stimulated by fracture For the six months ended Sept. 30, Energy Minerals income of $316,852, or 8 cents a share, on revenues of $1.1 8 million, a record compared with net income of $592,703, or 15 cents a share, on revenues of SI. 08 million for the same period a year earlier. net reported Lower Costs Boost Kings Table Earnings EUGENE, Ore. -In- ternational Kings Table, Inc., (OTC 4.75, 5.25), a Eugene-base- d restaurant chain, had second quarter earnings of 9 cents per share, according to Wilbur W. Houmes, president This compares favorably with earnings of 8 cents per share for the same period one year ago. Sales of $2,580,988 for restaurcompany-controlle- d ants were recorded for the mwe myttied' second up $2,306,057 last year. On period, a year-to-da- from basis, te earnings are 20 cents per share, an increase from 17 cents per share over last year, based on a sales increase of 15 percent for the same period. Houmes cited food cost reduction and continued applications of approved operating procedures as the reason for the companys improved performance. Two company-owne- d restaurants opened recently-o- ne in Redding, California, and another in Irving, Texas. The Redding unit is the first entry in the State of California Currently under construction units are two company-owne- d in Texas and two franchise units-o- ne in Indiana and the in other Ohio. EPSCO Lands NASA Contract WESTWOOD, Mass-EPS- CO Incorporated (OTC has announced the receipt of an $80,000 contract from NASAGoddard Space Flight Center, Maryland, by their Laboratories Division in Connecticut. The contract provides for engineering support for main- For further information please call James Barrett , Chairman. Area Code 208 356-4229. First Lombard Corporation Investment Bankers alt.Lake City Idaho Falls tenance of the previously supplied Model 70 Electron Beam Recorder. The contract includes provisions for the performance of emergency maintenance, repair, modification, adjustment and inspection as required to maintain the Electron Beam Recorder in good order. In addition, EPSCO Labs shall provide training of government and conon-the-j- ob tractor personnel as required to maintain their level of competence in the operation maintenance of the Sand |