Show A SINBAD VALLEY DEAL Cast ledale progress D I 1 murphy L H hall and a dozen I 1 citizens of washington 11 D C 1 philadelphia pa and virginia whose p attorney in fact is ira R browning of castle dale have negotiated a lease whereby the san rafael mining company incorporated under the laws of the state of deleware is given exclusive right for a term of ten years to prospect Jor oil and other minerals on thirty claims situated in sinbad valley emmery county a 0 the said company agrees to set a up a rig and place upon this property the necessary machinery and tools and begin drilling for oil within three months from date r t orlease of lease laid property adjoins that of the i I 1 san rafael oil company and upon it are sev t 1 t oral eral oil springs and openings from which oil seeps in more or less quantity the wash ington people connected with this proposition are prominent in official circles and thoroughly examined this and other emery I 1 county land before consummating the above i J adeal Pd deal eal it is their intention to procure the t best ebest possible plant of machinery and get to i e work that the necessary annual labor may be done before the expiration of the present i year the terms of the lease provide that the lessee the san rafael mining company shall diligently prosecute the work of drill ing a well until antil a depth of 2500 feet has been attained unless oil is sooner found in paying quantities and that the lessors lessons are to receive a royalty of 10 per cent of the product the lessels lessees les sees are to have the right to purchase said j property at any time during the lease at 1 s per acre |