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Show Page 6 August 11, 1969 OIL & MINING JOURNAL Utah Land Board to eye hole N-te- st The iUtah Land Board goes into the field this week for a three-da- y trip covering lease Utah lands in the on operations Uintah Basin. Board members will inspect drilling operations on the Western Oil Shale Corp. lease south of Vernal where a small nuclear underground test detonation has been proposed to stimulate production from oil sliale formations. A 3,000-foo-t drill test is assessing the geology, of the structure prior to an application being made to the Atomic Energy Commission. The hoard will inspect grazing operations on state sections in the Book Cliffs area. The trip will be concluded with a meeting in Vernal, according to Charles Hansen, board director. pw - ." ' -- -- - immediately. optioned up approximately 10 well sites in the Meigs County Ohio gas play and is currently drilling on four of these sites. presently under construction, American Minerals has contains approximately 4,000 acres which is currently under option. Continued from Page A pipeline well to the Ohio connecting the Fuel Gas distribution system is 30,000,000 cubic feet per day. Ohio Fuel Gas Company has. entered into an agreement with American Minerals Fund to purchase 7,000,000 cubic feet The Ryan Creek prospect 328-487- 1 par&et1 - jac&Aan - 9?lann, c9nc. 150 South 6th East Suite 2c Mamban Philadalphio Salt Lake City, Utah 84102 Baltimore Washington Stock Exchange LIMITED TO UTAH RESIDENTS ONLY! offering is issued under the authority of a certificate of registration issued by the Utah State Secur- This Stock is now being offered for sale 6000,000 shares MOUNTAIN STATES RESOURCES CORPORATION Price 10c per share BARRAC0 AND COMPANY UNDERWRITER 123 East 3rd South Salt Lake City, Utah 0 JOHN STREETER - GEN. MGR. TRAN8-WES- T County, Texas, including in Colorado, pieces of heavy equipment. c) Two thousand acres held by Rio Grande Beach Corp., which is also adjacent to the property described in (a). d) All oil and gas and other mineral interests in and to the 3.250 acres described, subject to a 132 override. e) Twenty acres, more or less, held by Harold Caldwell, trustee, located on Padre Island, Texas, Delta Land Co., a Texas AIR SERVICE Division of Aerial Applicators, Inc. FAA REPAIR I ENGINE OVERHAUL STATION 44613 4 AIRCRAFT MAINTENANCE corporation. Rio Delta has title to 1,000 acres in Cameron County, Texas, which is bounded on the east by the Gulf of Mexico, on the north by from Laguna Madre and extends west and south. Rio Delta also holds a aforementioned 3,250 acres. 50 per cent interest in the f) Rights to and all franchise in 41 units Gaslight Apartments, development relating to the Oklahoma City, Oklahoma. The 3.250 acres. offshore If i the I II III Corporate Executives Are the Brokers Satisfied with your Transfer Agent? Bob & Don Johnson Provide -- Fast Complete Helicopter Stnice A DAY 7 Air Ambulance Conitruction DAYS A WEEK Registrar Buiinasi Trips Survey A Patrol Mountain flying Our Specialty OUR SCHEDULE HIS Accurate Service Always1 SECURITIES TRANSFER, INC. CHARTER SERVICE & Transfer Agent 1935 South Main St., Suite 538 Salt Lake City, Utah 84115 YOURS 485-039- Ran to Airline Standard . I m waterways involving the h) All Rio Grande interests in and to a mining property located 322-05- 27 I. northwest of Denver, known as the Comstock. Stansfield said the 3,250 acres to be transferred to Monada may be affected by isolated lot sales or transfers. However, said sales or transfers are to be represented by cash or accounts receivable or other good and valuable consideration. The total acreage has beat appraised at a value in excess of $30 million, according to Stansfield. He said the acreage includes a geologic formation generally known as a salt dome which, it is believed, is a potential candidate for oil and gas exploration and development. It must be clearly understood, however, Stansfield said, that any oil and gas activities relating to said salt dome must be considered speculative. In payment Monada has agreed to issue to Rio Grande and Harold Caldwell, trustee, 43,800,000 shares of the capital stock of Monada and to purchase from them, at their option, ten million shares at $2 per share not later than Sept. 1, 1972, according to Stansfield. In March of this year Monada entered into a merger agreement with Triumph Corp., another Utah company, in which Monada was the surviving corporation. FAA APPROVED ALL WEATHER AIR TAXI SERVICE. 3 development of any intercoastal properties described. improvements thereon, which is shareholders in a letter that preliminary agreement has been reached for the acquisition of the assets of Rio Grande Beach Corp. of Illinois, amounting to: a) One hundred per cent of the outstanding shares of Rio Calf or Writ a g) All rights relating to the encumbrance of $268,000. b) Fifty per cent of the outstanding shares of Laguna Madre Beach Corp., an Illinois corporation. Laguna Madre has title to 250 acres in Cameron Robert J. Stansfield, contiguous to the above property. Laguna president, told Monada described Madre also has title to certain Copies of offering circular may be obtained by calling or writing the underwriter. 521-332- apartments are subject to an Petroleum Corp., Salt Lake City, will meet August 11 in the Salt Lake City Library auditorium in an annual meeting which will consider the acquisition of an Illinois corporation along with election of a board of directors and other business. NEW ISSUE Phoat No. Monada shareholders to vote on purchase of firm Shareholders of Monada ities Commission. 24-HOU- 7 per day, payment to commence capabilities in excess of O.T.C. Stocks Listed Securities Mutual Funds Term Life Insurance - for sale of well output. CASCADE, AMERICAN MINERALS principals ink pact A. Dahlstrom, Robert B. Sheppard, vice president of Cascade Natural Gas; John of Parsons, Behle and Latimer, and IVilham general counsel and partner m the firm Minerals L. Nixon, president of American Minerals Fund, Inc., and American Management, Inc. American Minerals Complete Financial Planning (801) &' |
