Show OFFICIALS OF UTAH CONFIDENT ON OIL SITUATION george T hanson of salt lake city president of the utah southern oil company 0 B gibson of ogden a director of the company W H mitchell of salt lake city a prominent utah southern stockholder and H E havener of havener pett co leading salt lake brokers were visitors in moab saturday and sunday they had been out to the utah well in salt valley where they inspected operations they found drilling progressing splendidly with the likelihood that the drill would soon be in interesting territory the well Is about 2900 feet deep and should be through the salt formation soon president hanson in discussing the southeastern utah oil situation expressed confidence that oil in commercial quantities will be encountered here he has been one of the most persistent boasters boosters bo southeastern utah has ever had and has demonstrated his faith in this area by cont lulng expensive drilling operations even when conditions were most unfavorable the utah southern through the persistence si of president hanson and superintendent erin J L dougan has had at least one string of tools at work in this district constantly for the past even or eight years and although oil in quantities has not yet been developed they have not lost their faith in the potentialities of this district they richly deserves success in their determination mi to place utah on the oil producing map |