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Show Page 2 July 28, 1969 OIL & MINING JOURNAL Rocky Mtn. OIL & MINING JOURNAL Published weekly in Salt Lake City, Utah by Utah Scene Publishing Co., 4386 W. 3780 South, Salt L ake City, Utah 84120. Mailing address: P.O. Box 19243, Salt Lake City, Utah 84119. Serving the mining and oil industries of the Rocky Mountain Region. Articles and information contained herein are true and factual to the best knowledge of the publisher. Information and opinions published are the sole responsibility of the publisher and do not reflect the attitudes or opinions of the merchants, brokers, corporations and service firms who advertise herein or otherwise sponsor this publication. Subscriptions $10 per year 25? per copy Advertising rates: Display Advertising Classified Advertising & Publisher Circulation Manager King Silver Corp. of Vernal. Utah, has acquired a working interest in a newly announced wildcat well of Koine x Corp., a Denver company. The well will be called the No. 1 Bullfrog Creek, and is located in Garfield Chuck Hayward depth of the well is 4,000 ft. Cecil C. Wall, King Silver president, said the well was spudded on July 19, and is located on a 17,400 block of oil and gas leases. Wall stated that other interest King Silver is the surviving company in a merger in February of this year with Mountain Valley Uranium Corp. Enid J Hayward Toledo contract promises profits A contract recently third signed with Cascade Natural Gas Co.', Seattle, Wash., EDITORIAL Ohio Power Company deserves the commendation of the mining industry for its public relations job in the production of its recreation area map. Its an idea that other companies who are reclaiming mined land might well copy. The map shows an area in three counties in Ohio owned by the power company and leased to its subsidiary for the purpose of supplying coal for the production of electricity at two generating plants serving more than 500,000 customers in 53 of Ohios 88 counties. The brochure describes the geology of the area and tells how (he coal was formed. The land use program of Ohio Power Company is primarily a program of forestry due to tin geographical location, the soils and the type of mining operation, reads a paragraph in the brochure. Ohio Power Company, by replacing a dcplclablc resource (coal) with a renewable resource (wood), manages the land for the continuous production of timber crops. Since the first experimental planting in 1944, the Company has developed over 25,000 acres of tree plantings, utilizing native hardwood species and pine species adapted to this region. The brochure goes on to explain that as a result of this mining and reclamation operation, many acres of desirable water have been created for supporting fish life. a cooperative agreement was established between Ohio Power Com pan) and the Ohio Division of Wildlife to provide a fisheries management program for suitable bodies of water. The agreement specifies that this area would he open to public fishing, by permit, so long as it does not interfere with the mining and transportation of coal or endanger the lives of people. well, Caseade will Cottonwood Wash area of commence construction of Emery and Grand counties a pipeline to tap the field failed to be a producer last could result in substantial earnings for Toledo Mining and thereby yield Co., stockholders were informed at their annual Toledo, said Anthony G. Hatsis, president. a substantial cash flow for noted, contract called for sale of Toledo has completed gas to Cascade for 15 cents two wells on a 16,000 acre each cubic thousand feet. block of land in The first two wells have an northwestern Colorado and estimated combined reserve presently is drilling a third of 20 billion cubic feet, and planning a fourth. geologists estimate. We are confident that A test well drilled by the with completion of the company in the Utah-base- d 2 winter. But, Mr. may be on the edge of a major oil field Wre since several major Ex-Utah- area. (Shell Oil Co. in the vicinity.) Three sales of Nevada properties in the past year have netted the company $1,350,000, Hatsis mine area occurs within the IVmisvIvaiiian System, which consists of massive sandstone, cla) , shale and relatively thick beds of limestone. This strata of limestone provides for desirable (jualily of water, capable of supporting fish and oilier aquatic life. The creation of the recreation area and opening it to the public should go a long way toward dispelling the impression that the mining company is an ogre; whose one desire is to ruin the counlr)sidc. told shareholders. to study samples ns 1) answer other questions not receive the material for quarantine period. itching to get his hands on concerning the possibility a 45-da- the lunar soil samples, is Dr. of life, water and volcanic Orson li. Anderson, activity on the moon. Dr. Anderson was born in Palisades, N.Y., who will be studying the samples by Price, Utah and attended measuring the speed of Carbon College for two sound passing through the years. After serving in the rock. He said his group will Armed Forces he was also pay particular attention awarded a grant from Bell to a seismograph placed on Telephone Systems for the inoon which will send scientific study of bonding back shock waves of rare metals. Mr. Perkins was born in through 1971. Bv studying the lunar Smithficld, Utah. His oldest surfact. Dr. Anderson said, son is studying physics at scientists may discover the Brigham Young University. origin of the moon and Perkins said his team will .V.V.V.V.V.V. v.v.y.v.v.v. NEW ISSUE A1, v.v .v.. a a a a a a I I i a a a a a ft: Va hardwoods exhibiting excellent growth. This specific has announced a third wildcat aa.aaaaai aaaaaaa. y Then we expect to work night and day studying the samples, he said. The information and material brought back will solve some old questions about the moon, and as a result, about the earth as well. It will end one 1 I 1 I ii years--wheth- er moon is a volcanic body, or if all the surface features were caused by meteor impact. laaaaaaaaa '.V.V.V JULY This Announcement Is neither an offer to sell nor a solid tation of an offer to buy any of these securities the offering is made only by the offering circular 12, 1969 15,000,000 shores Common Stock : ft: ft y.y EMPIRE OIL & MINING CORP. (par value ,02 per share ) Price .02 per share Offering is made the issuer to bona fide residents of the This offering State of Utah by claimed from to a exemption registration requirements of the only pursuant 1 This 933. Act announcement of is neither an offer to sell nor a soSecurities licitation of an offer to buy any of these securities. Copies of the offering circular may be obtained from the undersigned. Call or Write Empire Oil & Mining Corp. 2520 So. State Suite 121 Salt Lake City, Utah Phone 4848584 mmi issue which divided researchers the for a a The brochure also notes that tin topograph) is rough and hilly licforc mining. The previously mined area has many plantings of loeusl and oilier Hatsis Mr. Hatsis said the companies arc drilling in the meeting. (Continued from Page In 1961, holders in the lease block are Cleary Petroleum, Inc., and Skyline Oil Co. County, Utah. Oroposed $2 col. inch $2 for 20 wds Phone: 298 2403 or 298 3703 Editor King Silver in on wildcat SWlMW |