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Show The National Enterprise , July 28, 1976 Page two Energy Minerals to Acquire Griffin Drilling; 76 Earnings Up DENVER Energy Minerals Corporation (OTC 1 .437, 1.625) announced it has agreed in principle to acquire all of the assets of Griffin Drilling Corporation, Denver, Colorado, for an undisclosed amount of shares of Energy Minerals Corporation common stock. The assets of Griffin include developed oil and gas reserves, oil and gas leases, drilling option on proven and unproven oil and gas leases. and four drilling rigs and equipment. The acquisition by will comEnergy provide the with additional pany production of 125 barrels of oil and 1 ,000,000 cubic feet of gas per day, increased reserves, and 10,000 gross acres of undeveloped leases which appear to have excellent possibilities for oil and gas production. Griffin is active in the contract drilling business in 50 Cents Per Copy Subscriptions $24.00 per year Murphey of fiscal 1976, ended March 31, 1976, were $.10 per share, as compared to $.07 per share in 1975. Fourth quarter oil and gas sales were $732,485, up 16 from 1975s fourth g Basin the develand is very active in oping its own oil and gas leases. Upon finalization of the acquisition Bennie C. Griffin will join the Board of Directors of Energy Minerals Corporation as Director, and Griffin will become the Executive Vice President of Griffin Denver-Julesbur- To Pay Dividend quarter when they were $628,589. Revenues for the full 1976 fiscal year totalled $2,51 1 ,242, as compared to $2,248,750 in 1975. Oil and gas sales in 1976 were $2,417,282 up 16 Corporation, which will be oeprated at a 100 owned subsidiary of Energy The Minerals Corporation. acquisition is subject to final agreement on definitive terms and approval by the Board of Directors of Energy Minerals Corporation. Weldon C. Julander, president of Energy Minerals Corporation, announced that earnings for the fourth quarter Drilling from $2,069,146 in 1975. Fiscal 1976 earnings wre $.27 per share, as compared to $.32 per share for 1975. The lesser per share earnings in 1976 were the result of a combination of factors including a working interest in three dry ST. PAUL Murphy Motor Freight Lines, Inc., (OTC 5.50 6.25) declared a quarterly dividend of six cents per share of common stock, payable Aug. 20 to shareholders of record July 30. The company previously paid five cents per share. Murphy has 1,581,850 shares of common stock outstanding. The company has paid quarterly dividends con- holes, depletion charges and secutively since becoming publicly held in June 1972. costs of properties sold. Ihe Notional Enterprise is published weekly by the National Enterprise Publishing Company, Inc., 500 Continental lank Bldg., P.0. Boi II 771, Pioneer Station, Sab Uke City, Utah Ml 47. (801)533-055- 6 Second Closs Postage Paid . R. t. Solt Lake City, Utah George Gregersen Publisher Alone E. Bentley Editor Ryan B. Poulton Business Manager Mary McMillan Gabor - Doan Alsup Staff Reporters Peter Harrison Operations Manager Renae Seegmiller Circulation Manager Government Studies Pollution with HealthGarde Computer Health chief executive officer and Garde Corporation (OTC chairman of the board said the 1.375, 1.50) has received a computer system is designed $76,500 contract from the to speed up government reNational Institute for Occupasearch into the health hazards tional Safety and Health of air pollution. The contract, awarded in (NIOSH). R. Frank Atmore, SALT LAKE CITY competitive bidding, calls for HealthGarde to install a computer system in the NIOSH Research Toxicology Laboratory in Cincinnati, Ohio. The NIOSH Laboratory is conducting extensive animal experiments on heart and lung ailments brought about pollutants. The through inhalation of atmos- pheric TRUCK LIME Does the difficult daily! Truck Line specializes in the transportation of specific commodities, including steel, machinery, construction and mining equipment, forest products, agricultural machinery and a variety of other products. Hauling heavy odd shaped loads is our business and we've become experts at it. The fact that weve now grown to where we rank in the top 10 percent of the over 500 Class 1 Specialty Commodity carriers in the United States is indicative of our success. F-- B We'd like you to become better acquainted with and invite you to send for our annual report. Write or call: F-- B Parker Truck Line 1945 South Redwood Road Salt Lake City, Utah 84104 Mr. Norton F-- B HealthGarde computer will be connected to the laboratorys testing instruments to provide rapid analysis of the experimental data. The HealthGarde cardiopulmonary system will be one of the first of its kind to be used in the governments study of the effects of air pollution, a rapidly growing area of research. Atmore also announced two additional contracts totalThe company ing $76,850. will install a $38,350 cardiopulmonary system at Miami Heart Institute in Miami, Fla., and expand the existing HealthGarde pulmonary func- tion system at St. Bernar-dine- s Hospital in San Bernardino, Calif. Changes Proposed in 8Ks WASHINGTON, D.C. The Securities and Exchange Commission has proposed some relief for companies filing 8K Interim reports that ivould We do the difficult daily! substantially reduce the number of reports filed yearly. Registered companies currently use the 8K report to advise the commission on Continued on Page Three |