Show OIL SITUATION I 1 HOPEFUL I 1 ihori comes to this office from wm win 11 the attorney and a member of th aboard board ol of directors of the virgin dome oil company that after nearly a year ot of difficulty that company is fi in such financial condition ai to resume jig its drilling tor oil on the harrisburg dome about agAt 8 miles west of st george on the ath of last november the company held its an 1 nual stockholders meeting in the court roo room ot of the county court house in st george and reorganized and elected a new set ot of officers tile the finances ot of the company being depleted the first task ot of the company was to secure permits to sell stock in utah and california and pay os off I 1 tho the obligations ot of the company as well as to clear up the title to some of 0 its holdings at the stockholders meeting it wasi wa determined that his company had bad spent about one hundred and eighty thousand dollars in drilling adest a test well chich Is now standing n iu a depth of 0 three thousand feet aben line operations were closed doan doan there was a good showing ot of oil coming coining out with the bai ballings lings and the ballings bai lings disclosed that the drill was just encountering a heavily fossilized tossell zed sand with oil showings in the bai ballings lings it then became apparent that before work was resumed it would be geee necessary to obtain and install a line of casing to the full depth of the hole in order to case off the water which now stands in the hole to a depth of about two thousand feet sir air A C colt of san lose jose california the president and general man ager lust just left st george tor for california ife he and the utah directors have just hold held a directors meeting and made all arrangements for con of their operations to the end that tile the country shall be fully and thoroughly tested it is the firm belief of the promoter ers of this company that this field is one of the most productive fields yet untouched such Is the statements of over twenty odd expert who have examined the field the stock is now being taken in california by the thousands of shares with the result that the company has now sufficient capital will which to purchase the casing necessary and do the work to put the well down to a depth sufficient to test the field it has been stated by one of the most successful oil men of the state of texas that utah will yet produce as much money in the production of oil as it has done in the production of metals the eye of california oil men is now fixed upon southern utah and their money Is coming to ut all ah to assist ua to determine what wealth we have at our doors the only sad part of the matter Is that 1 so many of us may wait inactive un til III men from the outside como come in and take hold of lot all these opportunities and when the wealth Is discovered it will wili all have been taken b by Y men from out of the state |