Show NEW OIL COMPANY ORGANIZED special correspondence mina nev december 24 the prevailing inga oil excitement has struck mina ana a small group of mining operators here has secured perpetual leases on something over five thousand acres of choice oil land in colusa calusa county about eleven miles from williams calif the outstanding features of the ground leased is a tremendous outcrop of oil shale shaie which has been traced for a width of from six to eight hundred feet and a length ot about five miles most of which is on ane new companas comp anys ground this shale is said to be extremely rich in an excellent grade of oil tests having been made which indicate a production of from sixty to eighty gallons of oil per ton of shale the right to mine and treat this shale is to be leased on a royalty basis tentative arrangements having been made to this effect As far as known this will be the first plant for treal ing oil shale to be established in california the company will proceed at once io start drilling at a spot where some years ago local men had struck a very high graue graae lubricating oil at a depth of about reet reel not content with this showing drilling was continued to feet at which point the too tools Is stuck and the well was aban abandoned donea two more wells were started soon after one of which met the same fate and the other struck gas at 1200 feet but the treasury being exhausted nothing further was attempted the new company has been named the Mounta inhouse standard oil company anu is incorporated under the laws of nevada with a capitalization of shares of a par value of ten cents the officers are president F B house vice president R G mcdonald Mo Donald secretary treasurer B W all of mina these three with dr A S abdunnur abdun nur also ot or mina are the principal owners among the mining men who have been in mina during the past few days are M H gidel of the anaconda mining company or butte mont W V decamp representing the western metallurgical company and the consolidated arizona smelting smelling Sm elting company humboldt ariz F A otto humboldt ariz and mr jasper T robertson of san francisco mr robertson was here in the interests of logan bryan who are interested in mining property in this district |