Salt Lake Telegram | 1917-10-12 | Page 16 | 50,000 Oil Shares Sold within 48 Hours

OIL SHARES SOLO SOLD WITHIN i 48 HOURS Red Rose Stock Grabbed Grabbe l Up by Those Familiar With Field The rite sale of OOOO share of stock withIn with with- in forty eight hours after I It t was placed on sale Ale l Is th the record established hed by the Red fled n Ros flose Oil 01 company wb wh n it announced an an- pounced the t vale ale of or tr treasury sur at I Casper Wyo a a. week Ago The sale of I the stock l la Is believed to be a record In In raising money on oil ott property Shortly after the purchase of 1020 acres of oil land In the government draw drawl district at Lander Wyo yo 1800 acres on the Buck Duck Anticline at Lusk Lusic Wyo Wo acres acrea sixteen miles east el of Worland orland Wyo and 1200 acres In the famous Otay Olay Red lied Rose dome the company was formed formell and offered its treasury stock for sale In order to raise money for development work With the announcement of the offering offer in ing of the stock for sale t th the company's offices tic tr In tn Casper Wyo were e oon flooded r J with orders for stock More than hares were bought within within- the first forty eight rt rte e hours which Is doing things fht Ih In a big bier was was' even evert in Casper r where doln doing things In a bl big way U Is a habit The Red fled Rose Oil company which Is the newest oil company of note to begin operations In ra h the Caper toNe r oNe fields owns w lands in several valuable a t oil fields It has Ms 1020 acres In the Government Draw district at Lander Wyo yo adjacent to ground having nineteen producing wells ells The wells are all around the Red ned Rose nose property the farthest well from the property being four miles Their property property property prop prop- erty on the Buck Anticline Is located near the Allen Oho Ohio Shiloh and other famous o oil producing properties r In the Worland r d do district d It inta ha nas property 1 located within one mile mite of where the Ohio Oil company recently brought In a a. big well wen The property In Otay y Red Hed Rose domo dome domet I t Is considered the moat most valuable property property prop prop- erty of the new company proP proP-I The probable reason at the fa favor 01 with which the tho Red ned Rose Rose- Ros Oil company stock was met In Casper said O. O Hamilton I fiscal agent of the l who Is II s a guest at the Commercial club Is Is that prominent geologists of Casper who have visited the field declare tt It t to be bo one of the most promising In Wyoming ence n Excerpts L. L Moody from of th the tho a statement firm of Douglas by Clarence Clarence Clar Clar- a Moody consulting geologists ts of Casper brought ht a storm o of ts for stock to our office Mr Ir Moody said sald The Red fled Rose Is a dome that Is Isery very ery welt well adapted d to the storage of oil by Its its structural condition The test of the structure Is II very well course warranted be t taken by drilling the the nf location Should I where h such h the a present validating rig rig- Is ts situated would be entirely satisfactory The newest company lu iu Casper Is already at work in the Red fled Rose nose dome and will witt put more rigs in In the tho field as soon as the they can be obtained Officers and directors rs of the Red Rose OH Oil company are made up of business businessmen businessmen I men and capitalists ft r I Casper The officers oUt oW- cers and directors are arc it M. I. I T. T Watt president a capitalist of Casper II U. J. J v vice president ll e helmer heimer r t Lumber company p Casper er II i A. A Wol t treasurer secretary sec see I treasurer of th tho Crude Oil company Casper M. M J Ji Burke Burke- director vice president of the Citizens Citizens' State bank Casper O. O Greybeal v director a contractor of Casper and L. L L. L Gray director a a. capitalist d if Cas Casper er I