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Show MAY 4, 1970 OIL & MIMING JOURNAL T Westland Minerals announces acquisitions LOS ANGELES Westland Minerals Corp., announces it has completed evaluation of all its Olio oil and gas wells, and all but one have been put into production. Mori Aaron Schweitzer, president, said in a letter to shareholders that the production from the wells will bring an estimated $30,000 to $40,000 cash flow into the company. Mr. Schweitzer told shareholders that the company, in order to protect several of its leases which were due to expire, has entered into a farmout agreement with Twentieth Century Corp. of Denver. Westland Minerals will receive a 116 overriding royalty on wells drilled by Twentieth Century under terms of the agreement. The company has also the acquisition announced INGASCO Inert Corporation of Tulsa, well as all of Hammerstone of Gas Okla. as the assets of Oil Corp. of UGLY MINES NO LONGER NECESSARY There are few things uglier than open holes left by strip mining and mountains of tailings piled up from many mines, in the opinion of Dr. Theos J. Thompson, one of five U. S. Atomic Energy Commissioners. But there may be an alternative. The AEC, with industry, is exploring methods of using nuclear explosions deep underground in formations. Dr. Thompson explains that such explosions would break up the rock, thus permitting the leaching of ores and bringing to the surface the metals without the terrible defacement of the land- scape. The AEC Commissioner said: I also believe we can add more and more natural resources to our reserves by this method, including the addition of gas by explosive stimulation of tightly packed formations and of shale oil by retorting underground in cavities created by nuclear explosions. i ore-beari- The National Environmental Policy Act of 1969 calls for the widest range of beneficial uses of, the environ- ment without degradation, risk to health or safety, or other undesirable and unintended consequences. It also calls for achievement of a balance between population and resource use which will permit high standards of living and wide sharing of lifes amenities. HoW else are we to get at the resources locked deep in the bowels of the earth? asks Dr. Thompson. Under- ground recovery through the use of peaceful nuclear explosives appears to be a good answer. Cambridge, Ohio. Schweitzer said both acquisitions were being, made through the exchange of stock, He said INGASCO manufactures inert gas injection systems, and it was felt by Westland Minerals that the product manufactured by the company represents technollgical breakthrough the field of oil recovery. It is believed, Schweitzer said, that Westland Minerals Corporation will be able to provide the proper marketing facilities for the INGASCO product. The assets of Hammerstone Oil consists of leases, producing and operating equipment, and producing overriding royalties which have been evaluated at $225,000, Schweitzer said. He said George McClellan, president of Hammerstone Oil, has joined Westland Minerals as a vice president, and months later he was a millionaire on paper. In his book, Uranium Fever, or No Talk Under $1,000,000.00, Raymond Taylor has successfully captured the flavor of the great uranium boom of the 1950s. Published by the Macmillan Company, this is his story, coauthored with his brother, Samuel, a successful author and screenplay writer. L head the will Appalachia Basin operations of the company. The area covers the states of Ohio, West Virginia, Pennsylvania- - and Michigan. McClellan has over 20 years experience as a petroleum i : I Westland Minerals . Schweitzer said a large amount of the evaluated equities in Hammerstone consists of ' For Information on WESTLAND MINERALS Contact John Prince of physical equipment used in oil field operations', such as bulldozers, pickup trucks and a fully equipped headquarters building in New Concord, Ohio. COMPANY, INC. said the Scyweitzer has determined management that the companys mining properties should be disposed of and negotiations are being 29 EAST SECOND. SOUTH SALT LAKE CITY, UTAH entered into to do so. The have propertiesproducing non-reven- (101) been drain on the companys resources, Schweitzer said. Here is NOTICE to the shareholders of BIG INDIAN URANIUM CORPORATION: the story of men, motives excitement, crimes that were a part of one of the most fantastic S21-3- S30 and a ue eras in American mining history the uranium rush of the 1950s. great Mining men, whether they were a part of the uranium scramble or not, will enjoy the frankness and humor of this book. And the layman will gain a penetrating insight into the wheeling and dealing that went both on for uranium fortunes real and on paper. Please take notice that the Annual Meeting of Shareholders of Big Indian Uranium Corporation will be held at 8:00 P.M., June 15, 1970, at the Doll House, 1518 South Main, Salt Lake City, Utah. The transfer books of the Cbrporation will not be closed but only stockholders of record at the close of business on June 4, 1970, will be entitled to vote at the meeting. Shareholders desiring information are advised to visit our new offices at 918 Kearns Building, Salt Lake City. 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