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Show OMJ December 14, 1970 Page 6 Globe, Inc., Monada Petroleum, ink pact with Utah Gas Service Co. Globe "Incorporated and tTm-r- Gas Service Company, and we anticipate UGSC will now construction of the Monada Petroleum Corp., commence pipeline. Globe, in partnership with the i d?covered 8 agreemeni e the Uinta Basin of eastern Utah in March of 1970. Company construct a pipeline to the Gusher natural gas field which is jointly The Pease Drilling Company rig will begin the second offset well immediately and completion is nit,and purchase gas at 224 per 1 .000 cubic feet. UGSC serves the eastern section of Utah including San Juan and Daggett counties. Falls said, We can now report that the first offset well in the Gusher Field, State No. 2, was completed last week. A drillstem test in the Uinta Formation reported gas gauged at a rate of over 1.2 million cubic feet a day with a shut-i- n pressure of over 2.000 pounds. This well and the original well, State No. 1, should meet Company management Mines has an The Bureau urgent and immediate need for many federal mine inspectors throughout the mining regions of the United States. . Successful candidates will be appointed at starting salaries of $9,881 and $11,905, depending upon their qualifications. The majority appointed will serve in coal mines. However, there will be some opportunities to work in metal and non-met- has expressed interest in seeking diversification into a limited number of other hieh erowth potential fields The securities of both Globe contemplated before the end of the year, al Mining Co un ter power - federal mine inspectors of delivery requirements ot tne Utah Monada Petroleum Corp., both of Salt Lake City, have signed a natural gas purchase agreement with Utah Gas Service Company, President of Globe, has announced. Utah Gas BuMines has need for QV Continued from Page 1 steam must pass to be translated ii.iu iiKiucy is tne generating plant. And there is only one geothermal generating plant in the nation at The Geysers. Existing wells have a greater productive capability than the plant can handle. In other words, going back to oils terms, theres an over supply. mines and quarries. Applicants for federal mine inspector positions must meet rigid physical standards and possess practical mining experience. No written test is required. Announcement No. WAM-01Federal Mine Inspecto5s, and appropriate forms for applying may be obtained from Federal job information centers and post offices. 1, r'J'J . Me ' . - The first electric power generated by steam at The OVER THE COUNTER . ' Geysers resort area was in 1920 when John Grant founded The Geysers Development Co., drilled two wells into the fumaroles with cable tools, and hitched up a turbine. A glut of oil and gas hit the West Coast market, making steam electricity from economical. The more plants become Geysers project lapsed to known as Grants Folly. In 1955, Magma Power Co., headed by B.C. McCabe leased 3,200 acres abandoned by Grant. The following year, Thermal Power Co., headed by Dan McMillan Jr., a boyhood friend of McCabe s, joined the venture. With $270,000 between them, the oil-fir- Chris S. The OTC Digest offers valuable information on more d stocks than 200 PENNY and other trading actively in Utah, the Intermountain West and Nationally. No other single reference source offers so much useful information about so many penny issues. stocks and other low-price- ed low-pric- Magma-ThermPower project, leased another 2,800 acres and began drilling with rotary tools. al life-savin- The firm drilled 42 wells, including one that blew out, and is still blowing today. With the successful development of steam production came the nations first geothermal generating plant and the first such plant in the world to be privately financed. The public utility that backed Pacific Gas & Electric the plant San Francisco of Co., proudly can claim to be the only utility in the country using five sources to generate electricity: gas, oil, falling water, atomic energy and geothermal steam. The potential of geothermal power seems to be just on the threshhold of realization as the world begins its search for more and more sources of energy. The volatility of Utah's Penny Market" is well known. In no other market can an investor with limited means participate with so little and still hope to make it big. Even in a depressed market, many penny stocks make dramatic swings of 10096-50or more within a short time. For a few hundred dollars in stock, an alert investor can participate vicariously with a company drilling for oil on Utahs famous North Slope". 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