Show Oil Found at Only Feet OIl Oil has boon encountered at feet reet In III tha the Peterson No 1 well being drilled trilled by the Continental Oil all company In tho the Wolden Volden Colo field President l Fred red B 11 Miller I of or tho the tara Lara mate aula North Park lark Western railroad announced The flow ow is 11 estimated at al rom Iron sixty to 60 barrels The Tho discovery discovery dis covery ory ot or oil at BO so shallow a depth carne came as a surprise to drillers as tho the discovery dl well in n tho the Walden lIa Held field about a thousand yards from the tho Peterson Pe e. e terson tereon well troll wont moro more than toot teut The Time new well Is U being balled bulled out and aud will bo be drilled deeper |