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Show The National Enterprise , December IS , 1976 Page three O O o O ? NOT INTERESTED? That s Okay, but better keep this ad handy in a few short months you may wish that you had been taking -- A AGN. Join those in the know. Learn ao ao ao Insurance Proceeds Hike BurtonHawks Earnings O o oil and 1.375) Casper-base- d gas company reported sharply Wyo. Burton Inc., (OTC 1.18, CASPER, . -- "o about gold stocks exploration, O mining legislation gold in economy. 'C and read expert writers and higher revenues and earnings for the nine months ended ao 2 Net were 9.19 or cents $670,568, per share, including an extraor- Your I Choice of Two Popular Books q O Gold! The Ultimate Hedge" or o Gold Panning for Profit sent with -- O Subsc r iption $6Pef Year Issued Monthly Money refunded if AMERICAN GOLD NEWS Gold-Gold-Gol- CL. 6o a record $1,242,364, compared with $914,120 in the nine months a year ago. The 6o BOX 457, DEPT. NE lone. CA. 95640 Gold-Gol- d item were $231,401, or 3.17 cents per share, compared with net earnings of $281,694, or 3.88 cents per share, in the nine months last year. Operating revenues were extraordinary Q. P.0. Gold-Gol- d oo O o not delighted earnings dinary item of $439,167 in proceeds from a life insurance policy resulting from the death of the firms drilling business partner. Earnings before the ALeadingGold Newspaper Since 1933 FREE s, Sb04,450. Reporting on current Sept. 30, 1976. O comments. O atcd revenues in the compar-Hawkable period in 1975 and from a $100,000 acreage sale commission. Oil and gas sales in the nine months were increase resulted primarily from $376,201 in from drilling and service operations which had not gener- - dl operations. Bill Hawks, president. said the company has set production casing at an 8,780-foo- t well in Kingfisher County. Okla., the No. Bertie. Electric logs indicate 385 feet of net oil and gas pay in the Mississippian formation plus additional pay in Red Fork and Hunton zones above and below the Mississippian. No tests were run, he said, but the zones are productive in other wells in the area. Hawks said production will be evaluated before offset drilling is started. The Oil Co. joint venture, owmed 50 1- -1 s per-revenu- es cent by BurtonHawks, has a 38ths working interest in the well before payout, convering ll16ths working interest after payout. to an HealthGarde(f0 IN WEST FIFTH SOUTH SALT LAKE CITY 14101 (Ml) MEDICAL COMPUTER SYSTEMS AND RURAL HEALTH SERVICES Testing Underway Hawks also reported production testing is underway at three apparent gas discoveries drilled by the company in the S11-77- The computer has a greater potential in patient care than any other invention, including the stethoscope and the machine." X-r- ay Hanson American Medical News Mr. Ken OUR NASDAQ SYMBOL IS HGRD SALT LAKE CITY president, Ernest Muth, November compared 345,517 shares traded during me GtafiRp (mm 3SSD iftE) The Burton joint venture has a 25 percent working interest in the wells and in 60.000 net checkerboarded acres under 120,000 gross acres earned by drilling the templated. Hawks-Husk- y five wells. Drilling at the first of possibly three 10,000-foo- t wells on the companys acreage in the Cedar Rim Field of northeast Utah is also being started, Hawks said. Joint venture acreage totaling 1,793 net acres under 1,920 gross acres was farmed out to Oil Development Co. of Utah and others to drill. The venture will have a 40 percent working interest in the wells after Oil Development, et. al., have recovered their costs to drill and complete the wells. Novem- year, Muth said. Additionally, this Novembers total volume was 60 percent higher than the November volume one year ago, when 215,000 shares exchanged hands. The November 1976 index was 43.682, up from the 39.266 index recorded in October. Lear Petroleum Division to Build Gas Pipeline A division of (OTC 9.25, Swimming Pool Heating Systems Home Heating Systems Water Purification Systems oi&ori to ber was the best month of the Lear Petroleum NEEDED FOR Trad- ing volume on the Intermountain Stock Exchange increased 180 percent during November compared to October, 1976. According to Exchange SANTA FE DISTRIBUTION CENTERS ll ISE Volume Up 123,263 in October. HEALTHGARDE CORPORATION Medical Computers for the Modern Hospital South Uinta Basin of northeast Utah. The wells, three to seven miles apart, produced gas from several Green River zones while being drilled with air to depth of about 4,000 feet. Two remaining wells in five-weinitial the exploratory Hawks said, will be program, drilled immediately, and a program to develop the Green River gas is also being con- qtf l!fid)GF GSII32022U 9.75) has entered a contract with Mutual Oil of America Inc. to construct a pipeline to provide for the transmission of gas on Mutuals Lee County, Texas properties. The Lear division, Producers Gas Co., is obligated to take a minimum of three million cubic feet of gas per day at a base price of $1 .25 per MCF with annual escalation. Tests performed on three successfully completed gas wells on the property potentiated open gas flows of about 2 million, 8 million, and 385 million cubic feet of gas a day but the wells have not been evaluated under actual proSince discovery. duction. Mutual Oil has been restricted from marketing the gas but has actively pursued new field applications before the Texas regulatory agency which were approved for two new wells on Sept. 13. |