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Show JUNE 29. 1970 OIL & MINING JOURNAL PAGE 6 well Bluebell successful 7th Diamond completes Flying Diamond Land and Mineral Corporation has anoun- :ed the successful completion of its seventh producing oil well in the Bluebell Oil Field, Duchesne Flying the County, W--4 Diamond-Ut- e Ely" 8 Oil Well, situated in Section 4, Township South, Range 1 West, Duchesne County, Utah. The operator of the well is Gas Producing Enterprises Inc., a of wholly-owne- d subsidiary Coastal States Gas Producing Company. Gas Producing owns 50 per cent of the working in the well. The interest remaining 50 per cent is owned 1 by the Flying Diamond-Bluebe- ll Limited Partnership No. 3, of which Flying Diamond is the owner of 42.5 per interest Vice F Sprouse, and Manager of the Gary Natura Resources Division of pjyjng Diamond, stated that the d 300 barrels of we ., and nQ in its first ,2 hours of production on June 1 8 frec-flowe- and 1Q7n of 0 KQwed on June 19 terminated production for the purpose of installing hydraulic pumping equipment. During the first 22 hours after production the well was oil and barrels of produced 638 no water. is also Diamond Flying same the basis on participating in the completion of a well in Section 35, Township 1 North, jT T jare West heresiltT of These initial production tests were through a 2464-inc- h The operator then choke. he first the Interior WASHINGTON-T- version of Departments fiscal 1972 budget proposes to eliminate most of its mineral research centers to achieve a cutback of about $40 million in spending, congressional sources reported The reductions would result in closing 12 mineral resources offices, 7 metallurgy research centers and 4 energy research centers now employing about 1,500 researchers in 17 cities, including Salt Lake Gty. Much of the research deals with pollution control and coal mine health and safety measures. One of the major casualties would be the Bureau of Mines mineral data collection services, which include forecasts on and mineral production and which provide consumption Company plans to join Coastal SILOED C1DIDG STiSDS tANOC 4c TO $44 PCI SHAM stock cad Wi tpacialiia ic silver, fld aa4 paaay aiiin slacks. Wa accept called calls aa bay needed to alert areas with threatened power shortages. Congressional sources said a memorandum explaining the in research reduction planned activities was not signed by Interior Secretary Walter J. but by his new Hickel, undersecretary, Fred J. Russell. Russells memo was reported to have said the proposed budget would eliminate research which could be industry private undertake to as expected part of their efforts to develop new markets and sources of income. His rundown showed the Office of Coal Research would be abolished during the two fiscal years beginning July 1. Research activities for the Bureau of Mines would be cut from the $23.5 million budgeted J. H. DILLON W. 411 Sprai aa. Spafca. West CO. ffftl, Tel. US-441- 1 Member Spokane Stock Exchange only by the Offering Grcular. for the coming fiscal year to $12.1 million for fiscal 1972. 2,850,000 SHARES (Common Stock $0.01 Par Value) TEQBA UEST eOQPOBATIOI Mineral resources offices in Juneau, Alaska; San Francisco, California; Minneapolis, Minn.; Scorro, N.M.; Bartlesville, Olda.; Ore.; OFFERING PRICE: $0.10 PER SHARE Copies of the Offering Grcular may be obtained from the undersigned only in states where the undersigned may legally offer these securities in compliance with the securities laws thereof. Pittsburg; Knoxville, Tenn.; Dallas; Salt Lake Gty; Spokane, Wash.; and Laramie, Wyo. Metallurgy research centers in Tuscaloosa, Ala.; Minneapolis; Rolla, Mo.; Boulder Gty, Nev.; Reno, Nev.; Albany, Ore.; and Salt Lake Gty. research centers or laboratories in San Francisco; Grand Forks, N.D.; Bartlesville, Okla.; and Morgantown, W. Va. Energy APRIL 6, 1970 NEW ISSUE A breakdown of the research facilities that would be closed if Russell prevails include: Albnay, & BONNEVILLE SECURITIES, INC. .601 Keanu Bldg. , Salt Lake City, Utah (SSI) 322 - 3511 ONIY $10 FOR fltJ ENTIRE YEAR Of HIRING B Oft HfO PUBLISHER: JUST CLIP THIS COUPON Rocky Ml. OIL P. 0. 4 MINING JOURNAL Box 19243, Salt lake City, Utah 84119 Please enter my subscription to the Rocky Mountain Ml R MINING Name AND HAIL Address . City CHECK ardars,. This announcement is neither an offer to sell nof a solicitation of an offer to buy any of these securities. The offering is made Interior Dept, proposes elimination of mineral research centers in 1 7 cities material 1 w1101 expected to be announced shortly- - C"1 has been cemente(j jn the hole and completion operations have been commenced. Flying Diamond is also participating in the drilling rate nf 760 hnrreU per day itl no water . tKe States in the drilling of at least three additional wells in the Bluebell Field this year. well in Section 9, Township South, Range 1 West. The of a Slate Zip Code ONE: One Year $10 2 yean $18 3 years $21 JOURNAL |