Salt Lake Telegram | 1916-10-05 | Page 2 | Quarter Milion Company Formed

I I I I I QUARTER MILLION COMPANY FORMED Corporation Will Develop Oil Lands on Shores of Lake Development of the oil and gas re resources resources resources re- re sources along the shores of Great Salt lake in iii Davis county is the purpose of the Home Oil Refining and Gas company com corn party pan which has been organized with a capitalization of The papers paper's were filed today Alvin F. F Smith is president of the company Levi Lev M. M Harmon Hannon secretary- secretary treasurer with H. H L. L Nelson I II A. A Langford H H. W. W Horn John T. T Neff and John J. J Van Allen as directors secured The company claims to have leases on 11 1100 00 acres of land near one of or the old gas wells In Davis county This gas well wen was discovered more than twenty years ago but was abandoned abandoned aban- aban and filled with debris It is a well knan fact that Salt Lake valley gives promise of becoming a a. great OH oil field Reports iun of the United States geological survey have that there are immense quantities quantities quan- quan shown of gas and oil in the sand strata beloW the lake bed I ISome Some time ago there was much e ex- ex over oil discoveries near I Grantsville and the promoters of this company expect expect to make a similar showing