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Show November 16, 1970 OMJ - Pape 7 Mountain Fuel notes completion of 8 new natural gas wells in 70 AEC proposes revision of regulations The Atomic Energy Commission ' proposes revision of regulations to provide a new basis for leasing lands it controls. The changes are to be published in Federal Register Tuesday. The AEC wants public comment. The lands involve about 40 square miles of the 500 or so square miles the AEC had withdrawn from mineral entry in s. the They lie in the Uravan Mineral Belt in western Colorado. A few tracts are in eastern Utah and Northern New Mexico. The AEC withdrew the lands from mining entry and instituted mid-fiftie- a competitive cash bidding program to recoup some of the costs in it incurred in its own exploration drilling in the late forties and early fifties. It suspended leasing in 1966 when there was sure indication that supply was just about to exceed demand. The belt has been mined for radium, vanadium or uranium since the turn of the century, says the AEC. In recent years production has been declining as known deposits were depleted and opportunities to find new . ones diminished. In order to extend life of the district, the AEC decided on a leasing program even though there is a no uranium fuel shortage at present. The AEC view is that the leasing is essential to orderly development of the belt. And production would not be large in comparison to U.S. productive capacity and projected need. The new program is considered to be somewhat more flexible than the old. Onething to note: Environmental preservation will be a part of the new leasing program. Assuming the regulations are accepted, the successful leasor will find only the commercial market to sell products to. The AECs 1 purchase program ends as of Dec. 31 this year. The AEC stretch-ou- t program was launched nearly a decade ago to provide a transition to keep die uranium industry alive from a time it was sought chiefly for military requirements to the time when its commerical applications had been established. VI 2, 970. 1 er The additional wells increased the capacity of the MFC transmission system by 31 million cubic feet a day, the report states. During the same period, the participated in drilling 27 productive oil wells which yielded 553,21 1 barrels as compared with a yield of 364i386 barrels in the same period a year ago from them operating company wells. rThis week, MFS announced its Cedar Rim well No. 3 in Duchesne County flowed oil at rates as high as 98 barrels an hour during brief tests being made through a choke ranging in size from to Although these tests have covered a brief period of time, said M.M. Fidlar, president, we are highly encouraged with results so far. More tests must be' ARIES March 21 thru April 20 Give your piggy bank some breathing room- -it will be Don t think this gives you the freedom to take a vacation though. You will have to work extra hard to avoid a showdown at work. conducted before the real TAURUS April 21 thru May 20 Has your partner been hiding the past due bills? He may surprise you with them this week and its up to you yes, you to pay them If potential is known. The well is the third completed in the past 12 months in the Cedar Rim Sink Draw area of eastern Utah, Mr. Fidlar said. wheels and get or ganized encounter youll tremendous some financial opportunities between the Canyon, Idaho, land. Also interest in Logan County, Colorado, oil land. Paul Kelly, 68 Main, Salt Lake City, Utah 322-1605. RARE 1907 MAP of southeastern portion Nevada, California. All mining camps, roads, railways and towns listed. Send $1.50 to AUTHENTIC. MAPS, 644 Pueblo St, Salt Lake City, Utah 84104. Utah. For additional information Cash in bank looking for suitable please contact D. C. Lloyd, 484-522Outside of Salt Lake, merger with private company that dial free" "toll wants to go public. Write: MERGER, Box 6302, Salt Lake City, Utah 84106. PUBLICLY HELD CORPORAA Utah corporation currently TION with no assets or liabilities engaged in an intrastate offering looking for merger. Inquire: of $1 million dollars, needs PUBLIC CORP., Box 6302, Salt additional sales agents throughout Lake City, Utah 84106. CORPORATION WITH 1. Create an Image Tell Your Story FOR SALE Mine and Milling One Eimco Mucker, Machinery A-Crusher-belfeed20x10 Jaw t Rolls-belt er, 24"x16" Telsmith Dorr Classifier, feeder, 28x16 Wilfley Table, Ottumwa Drum Hoist with 50 HP. Electric Motor -- 400 ft. 78" cable, No. 15 (24x24) 4 cell Denver flotation cells, 4'x4' Denver Ball mill. No. 250 Denver U.S. Jig Cell, Jaeger 210 compressor with air hose. C in word and picture with . display or a classified ad in the 0MJ. plate, 2 mine cars. Write: Code M.W.H. Box 2103 Idaho Falls, Ida. 83401 bought, sold and traded. Inquire: CERTIFICATES, Box 6302, Salt Lake City, Utah 84106. you feel like creating artistically, your palette wih be well embellished. Display your wares on the 19th or 20th. Your place, of business could have the clamor of a bargain basement. Youll rake in the cash if you can just keep the line straight. be good for business. Take a fresh look at some of your pet stocks. If they are at new lows, now is the time to buy; but do restrain yourself in taking on anything reminiscent of Deutschland, world. VIRGO August 23 thru Sept. 22 $2 Col. Inch Display Ads $2 for 20 words, then 10 cents a word Classified Ads be nothing yourself to, usual swift could alert linking you to e existence of a veritable iil appears to if bills, force m it. Your Qtoneyl Machine. PHONE: 467-966- LEO 2 or write Box 6302, Salt Lake City, Utah 84106 July 23 thru August 22 Your byword this week should be Cash for your Diamond Industries stock, also Laramtine Laissez-Fair- e, and that means hands off! B Mines. Write Box 333,Oil & Mining Journal, P.O. Box 6302, Salt Lake City, Utah 84106. today tomorrow the the help you have been expe6t.ing could come through. And even if your - OLD STOCK CERTIFICATES . Stay close to the phone, drum without Rocky Mountain OIL & MINING JOURNAL frustratingbut ,here around. I fTt ou get mch soner t0 throw your weight LIBRA Sept. 23 thru Oct. 22 Even if you land on BOARDWALK, dont buy it. The bank will take a long hiv'd look at your collateral. Only you know if it can stand the scrutiny. Better rent for the time being. SCORPIO Oct. 23 thru Nov. 22 Your best gamble would be an investment in long distance telephone calls. out for a tendency to feed your ego by this means, Watch You could be the recipient of some unexpected Your twin nature is financial support in a pet overdoing itself this week if project. it cant be renewed? Dont fret, a move at this time will Can Build Profits f? line though. CANCER June 21 thru July 22 Has your lease run out, and Ygd nonaSSTssive attitude will May 21 thru Jue 20 I FOR SALE OR LEASE Wanted Purchaser, leasor or working agreement Au, Ag, Cu, Pb, Zi, U308 and W prospects. Send enquiry letter for our listing. East West Traders Box 6302, Salt Lake City, Utah 84106. Amalgamation 18th and the 30th. GEMINI $500 LUNDQUIST ( 36-64-inc- h. 24-64-in- ch - BY DAWN you stop spinning your FOR SALE OR LEASE: Oil and Mineral rights to 160 acres Black 0 .7 company has drilled or uranium stretch-ou- t the first nine months of this year increased 4.6 per cent over last year in the same period. In its interim report, the company also noted earnings of $4.5 million of $1.85 a share for Eight new natural gas wells were completed in the first nine months of this year by Mountain Fuel Supply Co., according to the companys interim report to shareholders released November Your determined, but SAGITTARIUS Nov. 23 thru Dec. 21 Take the time for a on yourself-y-ou may have a short circuit or a screw loose. After the I8th,step on the gas and never mind the speed limit. Theres a parking place with your name on it in tune-u- p Victory Lane. CAPRICORN Dec. 22 thru Ja. 19 Hope you have a pen that writes under water. You should be prepared to sigh almost anything this week. Papers bearing your signature could turn to liquid assets, AQUARIUS Jan. 20 thru Feb. 18 If you have been able to stick out the last few weeks without blowing a fuse, you can put the wheels in motion now to carry out that project you have been reserving for just such a time. Inspiration without industry could botch it up though. PISCES Feb. 19 thru March 31 If you are entrusted with Other Peoples Money you can bathe in the glory of a job well done. But you would be smart to keep your own assets somewhat private. Maybe a secret hiding place would be a great way to keep your cache intact. |