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Show National Enterprise , June 2 , 1976 Page Nine Silver Ex Completes Well OGDEN, Utah Silver Exploration, Inc. (OTC .19, .23), Ogden, Utah-base- d natural resources exploration and development company, has completed a commercial well in the upper Ojai Oil Field in Ventura County, California, company president Robert G. Johnson announced. The well, a workover of well R.S. No. 3, has been completed at 1900 feet in the lower Mohnian Oil Sands and is presently producing approximately 70 barrels of gravity oil per day. In addition, early results indicate the production ' of approxi- mately 1 million cubic feet of natural gas per month, Johnson said. consultants Company have recommended increasing the size of the choke and adjusting the pump, wh ich they indicaite should increase production 20 to 30 percent. The institution of secondary recovery methods to increase pressure and production is also being studied. Limited reservoir studies that have been done to date indicate long lived production from the well. contract for the sale of the oil is being negotiated with an indicated price of $9.88 per barrel. Before the gas can be commercially marketed, however, it will be necessary for the company to lay surface lines to the nearby pipeline and negotiate a contract for purchase and sale of the gas. Arrangements are presently being made for the surface lines, Johnson said. A field cover approximately 83 acres. Present well spacing provides for one w ell per acre. The number of wells that might be drilled on the property will depend upon engineering reports and good oil field practice, Mr. Johnson stated. Additional studies are being made upon behalf of the company by independent oil consultants. Engineering reports indicate that other existing wells on the property could be reworked to achieve commercial production in the lower Mohnian oil sand, or new wells could be drilled to the same sands to achieve additional production. The company is negotiating for funds to begin drilling of additional workover wells. Private Drilling Program with subscriptions totaling $2,250,000. This total wras subscribed by 19 investors for an average of over $118,000 per investor. J.W.W. Whitney, Jr., chairman and chief executive subscribe this 5 specific and operates 21 nursing centers throughout the United States, with six additional facilities under construction. 1 50 times Why reasons why you should consider penny gold stocks. Some suggestions will surprise you! penny golds listed and discussed. Fifty-fou- r chapters, 177 pages, 4 appendix, 8'A Ten x 1 lsize. Acclaimed by national and international gold experts and financial editors. author, Norman A. Lamb, has studied Western gold mine geology for 20 years the only authority in this little known investment field. The and he is It is not too late! These unknowns will be the gold stocks of the future. The penny gold action has barely begun. Be ahead of the crowd! Discover obscure penny golds before they get popular. A new way to look at gold investments. your copy of SMALL FORTUNES IN PENNY GOLD STOCKS 10 NOW SEND Mail this coupon to: Name Address SRT Corporation P.O. Box 148 Vallejo, California 94990 City Beehive Medical State Zip i Plans Expansion continued from page two equitable situation for both parties in Salt Lake," he said. 1 current increased amount, since it Continued on page Twelve $250,000. Manor Care presently owns Which ones to select, when to buy, how to buy, how to diversify, how to invest, when to sell, how to sell. officer of Flynn Energy, said the 1976-- 1 Private Drilling Program is the largest program closed during the early part of the calendar year. A year ago, we closed a program totaling $1,600,000 at approximately the. same date. We are pleased to be able to 1 approximately '60 to 68 penny silver stocks increased in price on average will happen to penny golds! Learn Flynn Closes Drilling Fund with $2.25 Million 1976-- ing centers primarily in the State of Indiana. The after-ta- x gain to Manor Care on the sale will equal From it Explorations fee ownership and oil and gas leases in the 3.625) announced closing on a fully subscribed basis of its SPRINGS, Md. Manor Care, Inc. (OTC 3.50, 4.00), a national health care chain, has announced the consummation of sale of its nursing center. Manor Care of Indianapolis, to the Turtle Creek Nursing Center interests. Turtle Creek, based in Indianapolis, has other nurs HOW TO MAKE A FORTUNE FROM THE COMING GOLD ROOM INVESTING IN LITTLE KNOWN U.S. BOND MINE STOCKS The Ojai Oil Field is located in an area of heavy oil production by a number of major oil companies. Silver TULSA, Oklahoma Flynn Energy Corp. (3.125, SILVER GOLD PROFITS 18-deg-r- ee . Manor Care Gains on Sales of Nursing Center Please send me Norman Lamb at 1 copies of SMALL FORTUNES IN PENNY GOLD STOCKS by 0.00 each (California residents add sales tax). Enclosed is a check for will be built by NE Construction Co. I I Utah passed its law authori- zing industrial revenue bondBut it hasnt ing in 1967. been until the last few years that people have taken advantage of it, said Dale Carpenter, Director of the Utah I I I I I I Industrial Promotion Division. He said Ogden and Weber county have made the most use of the method to attract industry. He said about ten businesses have used the bonding method to finance business within the last five years. Design Beehive currently employs about 250 workers, and Gifford told pity commissioners the workforce should expand to approximately 500 employees within three years. The new building, designed by Eugene H. Frink, Jr., Beehives board chairman, features interior courtyards in the administrative offices and movable walls in the manufacturing section. I I y Covered I 1 I With over 1600 stock quotations, news articles, earnings reports, corporate profiles, market columns and feature stories, the National Enterprise covers the OTC securities market from coast to coast. behind closed doors of We make it our business to know what's going on in the industry--frocorporate board rooms to changing securities laws and regulations. We'll keep you posted on the m latest developments and abreast of current trends. The National Enterprise gives your investments the kind of coverage they deserve. Please send me a one-yea- r subscription to the National Enterprise. Enclosed is $24.00. NAME. ADDRESS. CITY STATE. ZIP- - Mail to: THE NATIONAL ENTERPRISE P.O. BOX 11778 SALT LAKE CITY, UTAH 84147 I I I I I I I I I I I |
