OCR Text |
Show FEIST OfFERIuG OF TREASURY ST0C:( L"I iL7 SAIl IulFAE OIL CflMTiC; The San Rafael Oil Corporation owns a government lease on 2360 acres, or four square miles of oround, m what we consider the best part of the San Rafael swell. The application number "antedates that oflancT afterward filed on 1y nationalljflinown oil companies, proving that the original locators had more or less the pick of the ground in the district and selected this because be-cause of its higher qualifications as oil-bearing land. The San Rafael river runs directly through the center of their domain; water is an essential feature in the drilling for oil In this more or. less arid country. The lease on the ground has been assigned on a royalty basis of one-eighth. A government permit to drill for oil has been secured. A drill and everything necessary for active operations is now on the way from the shipping station of Price, Utah, to the ground of the company. The services of an experienced and competent driller have been secured and he Is now in the employ of the company. A geologist connected for many years with well known oil corporations Is now on the ground selecting the most favorable spot to commence drilling operations. We believe actual drilling operations will be commenced during the coming week and that the San Rafael Oil Corporation will be the first company to put a drill in the ground of this district since it has again been thrown open for entry by the "leasing act." In short, we believe that nothing has been overlooked that would make the physical position, of this company secure. - The San Rafael Oil Corporation has been capitalized for 1.500,000 shares of stock, fully paid and non-assessable; 1,000,000 shares are In th: treasury and the remaining 500,000 shares have been placed in escrow by the Securities Commission until the sale of treasury stock has., fully financed the operations contemplated. ' ' The company has been authorized by the Securities Commission, who, of course,, do not guarantee guar-antee this stock, to sell their treasury shares. . We, in turn, have been asked by the company tj offer for sale 100,000 shares of stock at ten , cents a share, not over 25oo shares to be sold to any one individual. It is the desire of the company to apply for the listing of this stock on the Salt Lake Stock Exchange, and in order to comply with the requirements of the exchange It is necessary to have more stockholders; hence the restriction as to the number of shares. We are told that if the application for listing Is accepted, trading in the stock will be started at not less than fifteen cents. Its further value, of course, will depend entirely on that which the public places upon it ... Utah is to have a real oil boom during the next few months; we believe there is no question as to this. Every foot of the San Rafael swell, th'rty-five miles long and fifteen to twenty miles wide, the biggest known oil structure in the world, has been located. ' . Until oil is found the purchase of stock in any o!l company In Utah is entirely speculative. It may have a hundred times the value at which it is offered and it may eventually prove worthless. worth-less. If oil is found in Utah it will greatly enhance the value of those companies already tneor-porated. tneor-porated. With this understanding we have no hesitation in offering the shares of the San Rafael Oil Corporation as the best stock of its kind at present on the market. The risk in the purchase of shares In this company has been minimized as far as scientific knowledge of conditions can make it. Some of the best geologists in the world say that the San Rafael . swell is unqusetionably an oil bearing structure We believe that, if oil is to be found in the ! district it will be found in the ground owned by this company. Our personal opinion gives -this company nine chances out of ten of getting oil If you are willing to take these chances we shall be glad to secure your subscription for shares In the San Rafael Oil Corporation. If , you are interested you can apply for stock either through our firm or through your own , broker; the price will be the same, ten cents n.-t to you. We haye tried to look on the Utah,, oil situation in a perfectly well-balanced manner. Perhaps our enthusiasm may be responsible, respon-sible, but we believe this offering of stock the best opportunity for profit we have been able to 'offer the public in our fifteen years as brokers. DERM asad 408 NewbouM BulUIng. Membcr Salt .Lake Stock and KEnlng F.rliangc, Lo .Acifele Stock iExchanre. Oil Locations every citizen Is entitled ts tils en prospective all Ian uneer in "Leasing "Leas-ing Bill." I CAN LOCATE YOU mQHT In fields new being eVcvelspes ky actual Ollllng. Dent wo It till ths as Iscstlsns sre gone; set In new. t M. R CUSTAVESON ; J: Was. 4014. t23 Boston Slog, j 1 Jti- vl C v'seUI last litir&Xy I r |