OCR Text |
Show I Drilling Resumed ResumedAt ResumedAt At Seven MileDrill Mile MileDrill Drill Dnll ApplOaches Approaches Appi caches L\.pected L.pected L .pected pected L L\pectedOil L pectedOil \ ' . pected pectedOil 011 Oil Honszon Hons7on Horisyon at Te Test Testtip Test\\ Test Testell < ; t t"ell \ tip " "ell ell \ ell Neai Neal Near llioahThe Moab llioah MoabThe The Columbia Columb1a Crude Corp CorporatIon Corporation Corporation oratIon which foi for the thl : ' past pastyea pastyear pastyeai yea year ! 01 or more his h'is hjls ' been en engaged engaged engaged gaged in m drilling dnJlmg a test "ell ell "ellon w " wellon el ] on the Seven Mile structUle structure structuieat structUleat structureat at the head of Moab canyon canyonsome canyonsome canyonsome some 10 miles " west "est est of thiscitv thIs thIscl thiscity cl city ) resumed operations yes yestelChy yesteid'ly yesteidiy telChy teid'ly teidly ' following followmg a bnef brief shut shut- shutdo shutdown shutdown - do\\ do down don \ \ n The well weJl weJlIS wellis is today re reported reported reported ported as being bemg at a depth of of2460 2460 feet fE'et ' the formation be- be bemg being be being - ing mg cave cavey caves ; } , brown bro\\n bro n \ \ shale filled filledwIth filledwith filledwith wIth gasDue gasDue gas gasDue Due to caving cavmg conditions "hICh hICh which whichfor "hIChfor " whichfor for some time have impeded drill drillmg drilling drilling mg ing operations it was found neces necessary necessary necessary sary to employ two t\O t O taro , \ drilling drillmg crews crewsand crewsand crewsand and keep the rig ng operating operatmg on tour tourIt tourIt tourIt It is expected that within w thm the nextfew next nextfew nextfew few weeks the " well "ell ell " will "ill ill reach the theobJectn theobjective theobjective obJectn objective e horizon the Cane Creek Creeksandy Creeksandy Creeksandy sandy lime formation which has hasbeen hasbeen hasbeen been the objective from the start startThis startThis startThis This formation should be reached reachedat reachedat at around 2560 feetTo feetTo feet feetTo To date $49000 49000 $49 49 $ 000 has been expend expended expended expended ed by the Columbia Crude on Its Itsdnllmg itsdrilling itsdrilling dnllmg drilling program a large part o of ofwhich otwhich whIch funds have ha\e ha e hate \ been paid out outdirectly outdirectly outdirectly directly within the city of Moab |