Show SALT LAKERS ORGANIZE TO DRILL THE j plans are being made y a syndicate of Salt Lake men headed by frank B cook W mont ferry and charles R walker to start a test of the pennsylvanian Pennsy formation on the structure in san juan county southwest of bluff mr cook left salt lake yesterday for the coast where he goes to close negotiations with large california operators operations it is said should be begun within thirty days the syn dacate has a lease on 2560 acres of land the structure according to engineers embraces about acres backers of the enterprise believe that they will prove an area which should develop into one of the greatest fields in the country 1 the monumental oil com pany of which perry A clark is manager has a well down 1622 feet on the Hul kito and expects to resume operations in the near future the monumental controls the field and it is understood is interesting a large number of operating companies with the idea of starting an intensive development cam |