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Show May 4, 1956 The Westers Mineral Surrey, Salt Lake City, Utah Page 4 Anneth Pool Keeps Hopes San Juan, Utah High UtahIn gaining billing this week in the Anneth Malta Oil Moves Into Active Stage A new oil firm J. J. Malir Inc. has is Co., incorporated in Colotop rado shares at $1 per for 200,000 oil pool where Texas Co. successfully extended their producing Oil in wells and started drilling on three more. Superior Oil Co. aiso share. The company plans to lease, reports a successful offset well. and farm out gas and oil propThe Texas Co.s newest well No. 1 Navajo D well, located erties and lands. less than a mile from the pool opening strike has flowed 170 barrels in a 3 hour drill stem test The test was run from 5,847 to 5,897 feet in the Hermosa-Para-do- x formation with reported reVENTURE covery of 55 barrels the first hour, 46 barrels the second, 47 G. Marshall executive vice president of Sovereign the third and 22 during the last Uranium Gas andWood, Co. Oil today announced that the oil well 30 minutes of the test. drilled his Oil and Minerals, by In a further test run to 5,955 being company and foot zone no shows of oil and Inc., as a joint venture on the Barton lease in Creek County, water were encountered. Okla., has encountered natural gas in commercial amounts. The gas and oil recovery ratio in the first test were reported Originally it was planned to drill to the Wilcox Formation 813 to 1. Oil gravity was 43. at the depth of approximately 2,300 feet in search of oil. While Superior Moves it was expected that the drilling would penetrate three other Flowing at the rate of 615 baroil bearing formations potential rels of oil. per day and 560,000 above the Wilcox, it was felt that November of 1955. The company cubic feet of gas daily is the Suin the chance the best for oil was underwritten by Daggett Seperior Oil Cos, offset northwest Wilcox formation whichlay is reportof Texas Cos. 1,704 barrel per edly the main oil producer in that curities Co. of Newark, N.' J. day Paradox strike. region. a Production came from the Oil and Minerals, formation from Commercial quantities of gas Inc. is a Utah corporation with 5,812 to 5,858 feet. The offset is were first encountered on April offices in the Granite Mart Bldg, titled No. 1 Navajo A, located 24, at a depth of 1,365 feet and in Salt Lake City. in SE SVV Section subsequent drilling has brought additional has prop- additional gas production from Superior None of its securities have been erty consistig of Sections 11, 12, two lower formations. sold. However, filings with the 13 and 14. The company has not and Exchange CommisSecurities about is still hole the date. At a new location to announced present For560 Wilcox of the feet short Further Development sion are presently under way. The The Texas Co. is moving rapid- mation, and as soon as the gas flow company is to be underwritten ly ahead in developing the An- can be controlled, drilling will by Joseph Mandell Co. 37 Wall neth pool. Three test wells are be continued to the Wilcox in a underway in the same vicinity. search of oil, according to Mr. Street, New York City. Oil and Minerals, Inc. Texas is apparently outlining the Wood. limits. officials pool Saturday pointed out The present gas production is No. 1 Navajo T One well ap- that none of its securities would located in NE SW Section commercial in quantity and one-habe marketed in Utah. is now coring below pears to be about three and cubic million feet . day per 5,725 feet. a Oil According to On a second site drilling is be- according to company officials. and Minerals, Inc. officials, the low 2,790 on the No. 1 Navajo H A report dated March 9 from Barton lease is located about a located in SE SE Section the Mineral Classification Branch from the and of the U. S. Geological Survey mile On the west side of the town- tells that the Barton lease is com- Mounds area and nine miles from ship containing the discovery well pletely surrounded by oil pro- Tulsa, Oklahoma. Texas has spudded the No. 1 ducing wells within Navajo MG, now reportedly hew miles distance from the Barton It is a lease obtained from the low 865 feet. Indian owners, and is a lease that lease. The new Anneth pool takes its has been highly sought after for name from a trading post of the Sovereign Uranium, Gas, and same name located in the vicinity. Oil Co. is a Colorado corporation a number of years. It is located less than 24 miles with offices at 230 Park Ave., New The seismograph work was northwest of the Four Corners York City, and concluded a pub- done by Dr. Allen Bronson of area in San Juan county, Utah. lic offering of its securities during Fort Worth, Texas, who is a nationally known oil authority and is generally credited with being NEW ISSUE -the man who was most responsible for bringing in the Willis-toBasin field in North Dakota. 9,500,000 SHARES The Barton lease is the first SOVEREIGN TURNS FROM MINING FOR OKLAHOMA OIL Utah-Arizo- na Utah-Arizon- ox Utah-Arizon- lf Utah-Arizon- one-ha- lf one-quart- er FIRST THIS Gusher type wells are almost out of style with the new technological methods used to bring in a producer. Utah oil prospects indicate hopes for more producers gusher or not. n J-- A URANIUM, INC. A NEVADA CORPORATION t OFFERING PRICE PER SHARE NON-ASSESSAB- A COPY OF THE OFFERING CIRCULAR INVESTMENT 701 CONTINENTAL BANK BLDG. DA 46 Name. Address CO. 83 Please send me the offering circular on J-- A ticipate in another joint venture in Stevens County, Texas, where drilling is expected to start in about three weeks. Shell Locates No. 3 Wildcat At Bluff Shell Oil Co. this week located a third wildcat at its Bluff Unit in San Juan County. SALT LAKE CITY, UTAH DA a l MAY BE OBTAINED FROM THE UNDERWRITER T Utah-Arizon- LE The Company is presently engaged in the ' business of exploration and mining in the Circle Cliffs area in Southern Utah, where it owns 72 mining claims. ACKERSON-HACKET- oil activity for either Sovereign Uranium, Gas, and Oil Company Oil and Minerals, or Inc.; however, they will also par- URANIUM, INC. The firm has drilled two previous tests at Bluff and failed to receive sufficient gas or oil to match commercial requirements. Results from test wells were encouraging enought to merit the sinking of the new wildcat, however. Bluff Unit No. 3 wildcat is located 605 feet from the North line and 1,760 feet from the east line of section 4. AND THEN THIS The pumping well, consistently bringing in daily barrels is the final step in developing the successful oil field. San Juan county is now being watched with excitement. MINING COMPANIES Have Production, or $25,000 or more Cash We can Arrange a Merger With a Company With IF You $250,000 ANNUAL INCOME Whose Stock Is Currently Selling For $2.25 Per Share IN NEW YORK CITY Call DAvis 2-58- 56 After Today |