Show LOCAL PEOPLE FORM OIL CO LEASE EASE LAND LAM ON LAKE SHORE sol ill OF ROZEL WHERE A DEEP WELL WILL BE SUNK the lakeside oil company is the name of a new corporation just organized in brigham city with a capital stock of divided into shares of each the corporation papers are now being signed up and a copy mailed to the secretary of state the officers of the new company are dr A D cooley president P W V knudson vice president will R holmes secretary kirke martin treasurer with the following as directors leroy B young H L erdman charles reeves john H zundel R L warner the local company has leased acres of land ten miles south of rozel station in box elder county on the north shore of the great salt lake associated with the local company as one of the promoters and stockholders is 0 L smithers an experienced oil driller who has produced some of the largest paying oil wells in texas and wyoming and other districts mr smithers is now under contract to sink a deep well near this land leased by the local company for the great salt lake oil company and another for the zion oil company of salt lake preparations are now b being made to start work on these two wells with instructions to make a thorough test est of this district work on wells for the local company will commence not later than june of this year while drilling for the zion oil company last fall smithers run into green sand stone at feet after penetrating I 1 ing this he discovered an oil clay not asphalt but a soft clay saturated with oil he brought samples of this to brigham city where several examined it the zion oil company was contented in drilling for the asphalt intending bendin jo to dig several in that district using the asphalt for various various purposes making paint in the manufacture of certain drugs etc and besides it carried a high per cent of lubricating oil but when this clay oil was found the company decided to diga deep test well which will be done in the next two months many are watching this development with interest |