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Show The National Enterprise , January 19, 1977 Page three Callan Publishing Earnings Decline MINNEAPOLIS Callan Publishing, Inc. (OTC 1.75, 2.50) reported sales of $3,902,891 in the fiscal year ending Oct. 31, 1976. This compares with $4,177,456 for the previous year. income the sale of its entire portfolio of preferred stock. Directors of the company, at a special meeting held Jan. 7, 1977, declared a cash dividend of 10 cents per common share, to be paid on Feb. 28, 1977 to shareholders of record as of Jan. 31, Pre-ta- x for the year was $141,168 compared with $469,691 in fiscal 1975. Net operating income after taxes equaled $68,769 or 19 cents non-periodic- al g ALL ABOUT O oo o O O two-tent- The Callan firm publishes periodicals and magazines in the law enforcement and fire fighting fields, and subsidiaries publish a variety of safety information booklets and other materials for other public service organizations. share in the prior year. Callan said net earnings were adversely affected by a loss of $29,399 or approximately 8 cents a share, on "o DENVER Drilex Oil & Gas, Inc., (OTC .19, .23) reported net earnings of of one cent per share, $18,697, or on operating revenues of $156,517 for the fiscal year ended Sept. 30, 1976, the companys first full year of operation. Drilex president James M. Edwards said revenues included $41,099 in oil and gas sales, $36,407 from the companys drilling rig operations, and the recognition as revenues of $75,000 from drilling We are pleased with arrangements. positive cash flow in this relatively short time, Edwards said. With more development drilling on our producing properties we expect continued growth in revenues, which will help us expand exploratory activities. Drilex owns working interest in 39 producing oil wells (18.13 net wells) in Neosho County, southeast Kansas, and three oil wells (one net well) in Crook County, northeast Wyoming. Crude from both fields brings about $14 per barrel under FEA regulations. Edwards said Drilex, with others, has 1977. per share, compared with $170,191 and 46 cents per 5o Drilex Shows Profit in First Year of Operation Join those in the know, Simultaneous Lease Fees Increased by the BLM o. Learn about Gold and Silver in the "o economy, finance, investment, stocks, O and mining and exploration. Read 3 what the experts have to say. -- 5 the most thorough coverage JO ofprovides any publication in its field. WASHINGTON Certain fees involving new noncompetitive federal oil and gas leases will increase on gjj 2 ALeadingGold Newspaper 6 Since 1933 o 3 Your choice of two popular books, 6' Feb. 1 under new regulations just announced by the U.S. Department of the Interior. The annual rental for FREE-:- -O Gold! The Ultimate Hedge or a. 32 Hedge Yourself Against Disaster! fa O sent with subscription. O o $10 per year Issued Monthly o (For sample copy send $1 ) O Money refunded if not delighted o AMERICAN GOLD NEWS O P.O. BOX 457, DEPT.NE o lone, CA. 95640 O hs drilled 30 shallow Bartlesville sand development wells on its Neosho County properties. An additional 40 wells, on 2.5 acre spacing, will be required to fully develop the field, he said, and a water injection program has been initiated. Development drilling and secondary recovery are also planned for the Crook County property, Edwards said. Drilex s undeveloped acreage holdings include working interest in 19,447 gross acres (9,798 net acres) in Colorado, Wyoming, Utah and Oklahoma, including 8,919 net acres in Millard and Sevier counties, south central Utah, along the Hingeline. Were working to turn our Utah acreage to other in industry for evaluation, with Drilex receiving cash and retaining an overriding royalty interest, Edwards said. The company has participated in six exploratory wells since inception which were unsuccessful. Drilex was organized in April, 1975 and became operational in September of that year, with completion of a public offering of five million shares of common stock. non-competiti- and ve so-call- ed "simultaneous leases will increase to $1 per acre from the current 50 aO cents, but the proposed increases will not affect leases already in force. Also, the application fee for transfer of interest in such leases will increase from $10 to $25, but fees for the transfer of interest will reroyalty main at $10. There will be no increase in the initial $10 filing O o ao fee for lease offers or simultaneous entries. The fee increases were proposed by Interiors Bureau of Land Management. According to BLM director Curt Berklund, This action will raise the federal government's fee schedule to that charged by most states, and paid on private leases. The fee increase was originally proposed on March 18, 1976 with provisions for the standard y period for public comments, suggestions or objections. This time limit was subsequently extended for an additional 15 days. After review of the more than 200 comments received, BLM 30-da- changed the effective date from July 1, 1976 to February 1, 1977, and dropped a proposed increase in application fees for the transfer of royalty interest. Tlie simultaneous oil and gas leasing program is used to lease federal minerals where previous leases have expired, been relinquished, or terminated. The leases are offered without competitive bidding through a simultaneous drawing from entries of all applicants for a particular lease tract. Hamilton Steps Up Work Force UTICA, N.Y. Edward Zacaroli chairman of the board of Hamilton Digital Controls (OTC 2.75, 3.75) announed an immediate increase in its present work force in order to meet their back lot of orders along with schedule requirements you Covered 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 corporate board rooms to changing securities laws and regulations. Well keep you posted on the latest developments and abreast of current trends. We make it our business to know whats going on in the industry-fro- m 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. I CITY STATE. ZIP- - Mail to: THE NATIONAL ENTERPRISE P.O. BOX 11778 SALT LAKE CITY, UTAH 84147 created by new customer releases. Due to space limitations H.D.C. will increase employment on both first and second shifts, Zacaroli said. H.D.C. manufacturers magnetic tape heads for the computer industry and is regarded as one of the leading producers of tape heads in this country. Hamilton Digital Controls has been in business for 7 years, and presently employs approximately 170 people, an incease of 25 people within the past two months. |