OCR Text |
Show FIVE WELLS TO BE SUNK IMMEDIATELY Mascot Oil & Kefiuing Company Directors Direc-tors Approve Plan for Early Work in Two Fields. F.ans for the immediate drilling of live welis on the company's holdings in the Fossil held and two on the holdings in the Pomoroy ii(ld were unanimously approved ap-proved at an enthusiastic meeting of the directors n nd associate directors of the Mascot Oil & Retining company held Wednesdav nisht ;i t the Xewhouse hotel. The officers also were authorized to prepare pre-pare plans for the rirst unit of the re-imery re-imery which is to be erected at Kern-mrer. Kern-mrer. The wells in the Fossil and Pomeroy fields are to be started just as quickly as contracts can arranged and equipment equip-ment obtained, but the cons enaction of the first unit of the rerlning plant probably will not be started for some time. All the directors and associate directors were enthusiastic over the plans proposed for the development of the company's oil siiale holdings in the vicinity of Colton. While no definite action was taken in this connection, it was voted to immediately begin investigations to determine the most ef ricient process for tiie extraction of oil from shales, and it was semi-ofn- cially announced that as soon as the investigations in-vestigations were completed arrangements for the installation of the plant would be begun. With a view to educating the public by , a. practical demonstration of the possibilities possibili-ties in connection with the distillation of oil from shales, the company has installed a miniature reduction plant in the window win-dow of its branch office on Main street- j The shales u-ed in the demonstrations ! were brought from the company's Colton ; holdings, and, according to tests made . esterday. are rich In oil. The best re- I suit obtained yesterday was a yield of j approximately fifty-nve gallons of oil to the ion of shale. Only a small amount of shale is used in each test, but the amount is weighed and the oil obtained is carefully measured. |