OCR Text |
Show 00 WILL DRILL FOR Several Companies Shipping Machinery North; Million Acres Appraised SAN FRANCISCO, May 10. Drilling Dril-ling will bo started this fall on Alaska lands recently thrown open by tho government gov-ernment to oil prospectors and developers, de-velopers, J. J. Flnnegan, Seward, Alaska lawyer and oil man, said here recently. Several new companies are shipping machlnory north. Successful operations on a small scale and oil seepages have caused government geologists to announce they believo oil Me3 under approximately approxi-mately 1,000,000 acres of Alaska lands. One local company has been producing oil near Cordova, Alaska, for several years. All of Alaska's oil country lies in the southwestern section, stretching along the coast from Cape St. Ellas, on tho west, to the Aloutlan islands on tho west, to tho Aleutian islands Gold Bay, Ivatalla, Yakataga, Cook Inlet and the Alaska Peninsula. Alaska capital will do Nearly all the wnrk nniv Vintner nlnnnnrl Annnilnn . t- ...... ..w,. 'IUIIlll.U. .Tkl-WWl Ulll .J present outlook tho oil will find a ready market In Alaska, as the northern north-ern territory at present Imparts groat quantities for the fislilng fleets, canneries, can-neries, steamship lines and other industries. |