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Show The National Enterprise . January 26, 1977 Page three Me Mo Ran Discovers New Sand NEW ORLEANS MrMoRan Exploration Co. (OTC 13.25, 13.625) announced last week that it found oil in a new Frio sand in its existing field 15 miles south of Port Aransas, Texas. The sand encountered while drilling Well No. 2 in tract 901 S produced 694 barrels of oil and 622,000 -- Apogee Enterprises Hails Product Acceptance Miocene gas sand which a daily rate of at produced 2.4 million cubic feet of gas a day through perforations between 7,878 feet and 7.886 feet. The first well is within 12,000 feet of an existing well, the second within 3,000 feet of an existing well. (OTC 4.75, 5.25) today ported record $10,599,000 sales Alpha Group Ltd. is a newly formed national marketing network dealing in OTC financial PR advertising. We are currently selecting regional representatives who can-- in a few hours a month-augm- ent their current annual income by as much as $10,000. If you are a savvy, PR oriented broker, you can work with us while making your regular corporate contacts. Our proposition is solid, lucrative, and worth your investigation. Im Ryan Poulton. Call me collect at (801) Youll find the details attractive. 533-055- fcf s A 3V ' As 41v & flun oop Salt Lake City Denver re- of for the third quarter ended Nov. 27, 1976, a gain of 23 percent over the comparable period last year. Net earnings increased 27 percent to $4,000 or 44 cents per share. The company earned $373,000, or 34 cents per share, on sales of $8,632,000 in the third quarter last year. nine months totaled $28,652,000, an increase of 21 percent over revenues of $23,641,000 a year ago. However, net income declined 12 percent because of a relatively poor first half. It totaled $954,000 or 88 cents per share, compared with $1,078,000, or 99 cents per share, last year. We continue to expect to complete the year with excellent sales and earnsaid Russell H. ings, Baumgardner, chairman of the board and president. Industry acceptance of the new products of the Milco Division of Wausau Metals Corporation has encouraged us to undertake a program to double the plant Augment your income with our organization (without leaving yours). ' Inc., Apogee Enterprises, Sales for the A-- size. The additional facilities MINNEAPOLIS cubic feet of gas a day through a 1264 inch opening from perforations in the new sand between 8,715 feet and 8,726 feet. The well also flowed from high zones, the company said. The second w ell, located offshore St. Bernard Parish about 35 miles east of New Orleans encountered a new m will accommodate the insulated glass requirements and the manufacture of commercial Venetian blinds, he added. Viracon, Inc., has developed a line of superior sun roofs fabricated of curved laminated reflective glass. Both stationary and operating models will be sold na- tionally, Baumbardner said. Branch Operations Division has developed Harmon Heat Mizer, a system of converting single-glaze- d The windows into insulated united on the job site. It will reduce heat loss up to 50 percent. This division also has entered the van conversion business in selected shops in Florida and Minnesota, he said. Our Energy Management Division continued to add to its professional base and expand its capabilities and opportunities. Although it is relatively small now, we expect it to be our fastest growing division and ultimately make a substantial contribution to our earnings, said Baumgardner. News Briefs Lion Country Safari Inc., (OTC .50, .875) has sold its Florida entertainment park and satisfied the first major condition of previously announced agreements with principal bank lenders for the discharge of about $8.9 million in debt. The park was sold for a total cash consideration of about $750,000 plus extinguishment of about y debt. $282,000 of inter-compan- Taylor nine Co.s OTC 19.50, 20.25 share- holders approved the merger of Taylor into Coca-Col- a Co. announced in principle last September. will be One common share of Coca-Col- a exchanged for each 3. 75 common shares of Taylor. Taylor said its sales for six months ended Dec. 31, were $34, 458, 718, up 6. 4 percent from a year earlier. Second quarter sales wer also up 8. 9 percent. 6. Negotiations by Major Realty Corp., (OTC .5625, .75) to restructure a $15 million bank debt under a revolving credit agreement have been unsuccessful, the company said last week. It was informed Dec. 26 that the lending banks had accelerated this debt which is now due and payable. R. F. Raidle, president of Major Realty, said they have offered the banks alternative solutions for restructuring the debt. We hare hopeful negotia- tions will resume, on- site fabrication of Milcos he said. In response to a tender offer to pay $4.50 a OTC share for outstanding stock, 4.50. 5.00 has received about 150,000 shares. Terms had provided that at least 100,000 publicly held shares be tendered for the offer to be effective. The company is seeking to become a private concern. Arpeja-Californ- ia Adolph Coors (OTC 20.50, 21.00) sold 13.5 million barrels of beer in the year ended Dec. 26, up 14.2 percent from 1 1 .9 million barrels a year earlier. The company attributed the increase to expansion in the new Texas market and a 5 percent average increase in barrel sales in the company's traditional market territory of 1 1 western states. |