Show OFFSET TO DISCOVERY WELL ON CANE CREEK will BE DRILLED another well Is to be drilled on cane creek dome on the colorado river below moab and operations are to start within the next month or two the well will offset the frank no 1 discovery well angwill and will be located approximately feet south of the original test such Is the information that somes to the times independent from authentic sources this week plans for drilling another well on top of can creek dome have been under consideration for several months and are now taking concrete form B 0 jones of denver a member of the colorado river syndicate which holds the original contracts on cane creek and the other river structures is promoting the venture the test will be financed by denver salt lake city price and moab capital it Is said the equipment now at cane creek owned by the utah southern and utah gil refining companies will probably be purchased for the new well nell while no public announcement has been made regarding the undertaking it is understood that mr jones and his denver associates on the one hand and utah interests on the other will take over the drilling contracts on cane creek on a fifty fifty basis it is probable that the big I 1 six oil company which holds some 1 adjoining acreage and royalties on I 1 cane creek will be associated with the utah interests in the undertaking |