Show SANPETE FIELD IS ISTO ISTO TO BE EXPLOITED I The Flow of First Oil Well Wel Is Believed to Justify Work Ml Mt Mt Pleasant April 4 Believing that results attained In the well wen sunk west westor of or town demonstrate that oil 01 In paying paying paying pay pay- ing ing quantities exists In this feh field the Western estern Oil 01 Gas company has been formed for tor further exploitation of the time region Officers of or tho tIme now company ate are M. M Parks of ot Springville president I L. L F. F McCraley vice president J J. E. E Gunderson secretary and treasurer These The e with wih C. C Gunderson form the di dl- dl Tho Time capital stock of or the company compan Is IF divided into shares par value 25 cents shares shareR being reserved for Cor treasury stock Enough of or tho time stock has already been heen sold od to warrant resumption of active development work work Oil 01 was struck last tat Job Juh In the first well wel at the tho depth depth of ot nearly 1200 feet teet It I appeared that a small smal reservoir of ot oil 01 was first encountered when about 30 barrels of oC the fluid gushed out Since that time there has been a continuous now how of ot oil 01 and water the oil 01 bein being easily easl detected as It how flows away on tho the surface of the water vater At time the mouth of or tho the well wel gas Is la emitted emited which forums forms a a foam there thero all an the tho time These facts seem Indicative of ot a a large bod body of ot oil 01 In imm time the region and every overy effort will be made a find it it H. wil |