| Show development OF oil AND POTASH IS contemplated COM PANY SAYS fo 4 difficulties that have stood in the yay of progress by the crescent eagle oil company are about to be overcome according to george H St elner president of the company and preparations pa rations are under way to resume development of oil and potash on the lands of the company located near crescent some 30 miles north of moab the brendel oil and gas company of ohio Is now ready to put up the money tor a combined oil and gas test and if the results are satisfactory put in a refinery tor the potash I 1 was in february 1920 that the company was organized and in may laff that it began drilling the first hole was lost at 1200 feet because of a crook that kept the casing from slipping down A second hole encountered a mass of boulders that made progress impossible the third bole was begun at acet it encountered oil in small quantities at 2300 feet and again at feet it ran into more oil and heavy ss pressure the gas pressure wai too strong it blew the tools up jam bin them in the hole so it took a couple of months to get them out then luck seemed to change at feet the drill entered a very large deposit of potash at the point of penetration the bed was 80 feet thick and twice as rich in the valuable salts as the german potash at feet sand gas and oil blew over the top ft the derrick no casing had been used and the suction was so terrific that the potash salts were sucked into the drill hole plugging it completely A fourth well v as driven but owing to a miscalculation the casing tell aart of the true oil horizon and big enough to admit additional tubing but the company got some oil the liquid which has been rising slowly for five years still comes iron the well the property was held by the company under placer locations the potash established the mineral character of the ground but it became essential to establish the validity of assess anent work at a single point tor the of claims aggregating acres this matter still hangs fire in washington crescent eagle ic capitalized with three manion shares of 10 cent par lie it s assessable and its stockholders have advanced tely for its development ff ther internal financing is not teas ale but since the potash discovery ta stade offers of financial asals w have been forthcoming |
