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Show AUGUST 17.1970 OIL & MINING JOURNAL PAGE 4 in wells hails Diamond Flying Uintah Basin Bluebell Oil field the Flying Drilling in Diamond-KarShisler 10,600 feet. According to Sprouse, two drill stem tests have been conducted in the well, both of which have shown significant potentially productive oil zones. Drill stem test No. 1 at a depth of 10,492 feet recovered 1,200 feet of oil in drill pipe during a one hour test. On drfl1 stem test No. 2 at a depth of approximately 10,556 feet, the zone tested gave up 125 barrels of oil in a one-hoperiod, Sprouse reported. the companys 9th well in the field, has reached a depth of believes Land and be made when pumping order is Mineral Corp. has announced equipment now on successful completion of its installed in the well, Mr. Sprouse eighth producing oil well in the .said. , The Flying Diamond-Ut- e Bluebell Field in Duchesne the companys 7th producing County, Utah. well in the field, successful tests Also, results of drill-steof which was on its ninth well in the field completion June announced 23, 1970, has were termed most promising. continued to produce According to Gary Sprouse, at a rate of vice president of the company, commercially450 barrels of oil approximately 5 the Hying Diamond-Tribsaid. oil at per day, Sprouse Flying Diamond Dear Mr. Blackburn: A friend of mine has talked about puts and calls and now 1 notice that the market is down its a good time to buy them. He seems to understand the subject well but I am a little confused. Is there any printed information on it that you could send me? J. S. Munn Dear Mr. Munn: Yes, there is a very interesting and easy to understand folder about puts and calls. I have mailed you one. If any of our readers would like a copy, merely send me a long, stamped a for copy. envelope Call options allow for a great deal of leverage. In other words you can control 100 shares of a stock for less than 15 of the total value of the 100 shares. Ask your broker for his ideas on attractive call options. self-addresse- d, . Dear Mr. Blackburn: I am stationed a Nellis (A.F.B.) and read your column every week. I know that I am in the service to protect capitalism and the American way of life but I am not doing what I am risking my life for. Im not saving any money; Im not investing. I dont have much money... you dont see many millionaire servicemen. Any suggestions? Fred Baker W-4- m W-3- al production tested commercial rates upon initial completion and Definitive production tests will swab-testin- g. W--9 l well, UTAH RESIDENTS ONLY 7,816.150 Shares Common Stock Par Value 1 Dear Mr. Blackburn: A friend of mine told me that he owns a stock that he doesnt have to pay tax on the dividends. Is this possible? C. White. Dear Mr. White: One that Kings River Mineral Company OFFERING PRICE: $0.03 PER SHARE Copies of the offering circular may be obtained from the undersigned only in states where the uhdersignea may legally offer these securities In compliance with the securities lame thereof least four additional - Limited to Bona Fide Residents of the State of Utah COMING... T. C. of over 200 PENNY and other low priced Over-The-Count- Stocks er Trading Actively in UTAH and the Intermountain West O.T.C. Digest Tells You Each Companys Address . Merger, Officers Current Activity Commission Rates Transfer Agent Capitalization Annual Meeting Dividend, . Name Changes Financial Data History Recent Price, also - Mergers & Name Changes PUBLICATION DATE: SEPTEMBER 1970 CHRIS S. AAETOS PUBLIC RELATIONS 308 Nets Building wells, including the Karl Shisler W--9 in the Bluebell Field this year and expects to drill at least four prospect test wells in four different locations in eastern Utah and western Colorado. Telephone: (801 Salt Lake City, Utah 84110 SECURITIES, INC. 601 Keanu Bldg. Salt Lake City, Utah (111) 322 - 3111 development- property acquisitions have been completed. The company expects to participate in the drilling of a 601 Kearns Bldg. Salt Lake City, Utah (801)322 3515 tax-fre- e 7,000,000 SHARES Common Stock $0,005 Par Value tests, combined with the announced shortly when BONNEVILLE SECURITIES, INC. is U. S. Realty which is an investment trust holding real estate. The company pays out virtually all of its cash income which gives the stockholder a large This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities. The offering is made only by the Offering Circular. that these drill stem drilling activities in the Bluebell Field, as to which Coastal States Gas Producing Co.s subsidiary, Gas froducing Enterprises, Inc., is operator, with an extensive prospective drilling program, details of which will be Copies of the Offering Circular may be obtained from the undeni gned lean think of immediately income because the dividend is considered a return of capital In 1967, for example, of the 83 cents per share paid to stockholders, 80 cents was return of capital and only 3 cents was taxable, and that was at the capital gain level This stock appears to be a very good hedge against inflation for the long term. See your stock broker for other suggestions. Dear Mr. Blackburn: If I put stock in my nameMin trust for my brother and I die first would my brother have to pay inheritance taxes on the stocks? Would you recommend a better way to save on inheritance taxes? L. Doyen Continued on Page 5 Company management its continuing REVERBERATORY METALS, INC. Offering Price: 2 Cents Per Share Dear Sgt. Baker: You are 100 right...you should start investing now and the Federal Government through the United States Air Froce will help you. Between now and the time that you retire you can build up a very impressive nest egg. Your commanding officer will be pleased to describe to you how easy it is for you to start an allotment program. You can have an allotment go to investing in stock as well as to a bank or to a family. Parents fo boys overseas should help their sons by obtaining this information and mailing it to them. The public information officer at the nearest base will be happy to help. ur reservoir characteristics observed during drilling indicate that this well is most favorably located in the field and may be expected to be completed as a prolific producer. According to Sprouse, Flying Diamond intends to supplement This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities. The offering is made only by the Offering Circular. NEW ISSUE approximately Also Publishers of Digest of Stocks Listed on the Salt Lake Stock ) 363-220- 3 Exchange |