Salt Lake Tribune | 1917-12-30 | Page 60 | [Untitled]

j . . I I THE RICE OIL COMPANY, WITH AN ISSUED CAPITALIZATION OF 1,700,000 I I SHARES, SELLING AROUND 25 CENTS THE DAY BEFORE CHRISTMAS, HAS JUST 1 , I STRUCK A MILLION FOOT "GASSER" IN WELL NO. 2, IN THE MIDST OF ITS SE- I LECTED HOLDINGS IN ELLIOTT COUNTY, KY. THIS 1500-ACRE TRACT, WITH I ANOTHER OF SIMILAR SIZE IN CLOSE JUXTAPOSITION, IS BUT A FRACTION OF I THE ENTIRE HOLDINGS OF SOME 48,000 ACRES HELD BY THE COMPANY UNDER , j ! LEASE IN THE APPROVED OIL AND GAS DISTRICTS OF KENTUCKY. ' I I THERE APPEARS TO BE A REASONABLE CERTAINTY THAT THE RICE OIL COMPANY HAS NOT MERELY STRUCK ANOTHER GAS WELL, BUT HAS, INDEED, I jj STRUCK A NEW GAS AND OIL FIELD, ACTUALLY LEADING THE WAY AS AN AR- I i I GONAUT INTO AN IMPORTANT DISTRICT WHERE IT HAS PIONEERED WITH EV- j ! ERY EVIDENCE OF SPECTACULAR SUCCESS. THIS HAS BEEN THE PROCESS BY j WHICH OTHER GREAT COMPANIES (OHIO CITIES GAS, AS A NOTEWORTHY EX- AMPLE) HAVE REACHED THEIR DISTINCTION, NOT BY EDGING UP TO AN AL- l READY PRODUCING COMPANY AND DRILLING A WE'LL, BUT BY BOLDLY STRIK- I ING OUT INTO TERRITORY APPROVED BY THEIR OWN FIELD EXPERTS AND I LEADING THE WAY TO A REAL DISCOVERY. EAST. AND WEST ALIKE, WHETHER I IT BE IN KENTUCKY, CALIFORNIA, TEXAS OR WYOMING, THIS HAS BEEN THE J POLICY AND THE HISTORY OF THE COMPANIES BY WHICH REAL FORTUNES AND I REAL TRIUMPHS HAVE BEEN MADE. THE OTHERS TRAIL AFTER. I ALREADY THE SCOUTS OF OTHER COMPANIES ARE FLOCKING INTO EL- j , I ; LIOTT COUNTY TO PICK UP THE GROUND THAT HAS BEEN LEFT DISCARDED BY s- I THE RICE OIL COMPANY EXPERTS AFTER A THOROUGH SIFTING PROCESS. THE I 1 INDICATIONS JUSTIFY THE HOPE THAT ELLIOTT COUNTY IS ABOUT TO DU- 1 PLICATE THE ESTILL COUNTY FIELD, KENTUCKY, FROM WHICH OIL AND GAS ' I AMOUNTING TO MANY MILLIONS ARE NOW BEING PRODUCED. j I ON A TRACT SUCH AS THIS SINGLE 1500-ACRE HOLDING, THERE IS ESTI- 1 MATED ROOM FOR 500 WELLS, AND THE POSSIBLE EARNINGS FROM THE l 1 GROUND RUN UP TO A FIVE-MILLION-DOLLAR ANNUAL INCOME. THIS GIVES A I HINT OF THE IMMEDIATE OPPORTUNITY. THE NEWS OF THE MILLION-FOOT I I GAS WELL CAME OUT ON THE EVE OF THE CHRISTMAS HOLIDAYS. WITH LIT- I TLE OPPORTUNITY TO CIRCULATE INTO THE GENERAL MARKET, IT STILL I ACTUATED A SHARP ADVANCE THAT SHOULD CONTINUE CONSISTENTLY AS 1 1 THE FACTS ARE REALIZED BY THE BUYING PUBLIC. I 1 ! I FOLLOW ME INTO OIL. AN INVESTMENT IN RICE OIL SHOULD MORE THAN 1 JUSTIFY ITSELF TO YOU AT THIS TIME. FOLLOW THE STORY THROUGH THE 1 I COLUMNS OF THE INDUSTRIAL AND MINING AGE, A WEEKLY PAPER EDITED BY 1 1 A STAFF OF EXPERTS IN OIL, INDUSTRIAL AND MINING STOCKS. WHEREVER IN- j VESTMENT OPPORTUNITIES IN THESE FIELDS LIE, THE RESEARCHES OF THE IN- s I DUSTRIAL AND MINING AGE EXTEND, AND THE FACILITIES OF THE HOUSE OF 1 GEORGE GRAHAM RICE ARE MADE AVAILABLE FOR WISE INVESTORS INTELLI- 1 1 GENTLY ADVISED. f V I ASK FOR A SAMPLE COPY OF THE INDUSTRIAL AND MINING AGE, OR WRITE j j ME AS TO YOUR INTERESTS IN THE MARKET. I BROKER AND DEALER IN SECURITIES I 27 WILLIAM ST., NEW YORK CITY , 1 i - : .