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Show LIBERTY OIL 5 GAS COHPM HEARING OIL SANDS IN ELK BASIN; Good Indications of Oil Are Showing- Up in Their Well No. 2 at Elk Basin Where the Company Has Reached a Depth 1 of Over One Thousand Feet. (Taken from the Oil ami Mineral juuiiul., Lillins, Montana, January Janu-ary 'lint Liberty Oil and Gas Company's ofmiais am jubilant over tin; report lioiii iheir wrll No. 2, at Klk Lasin, ami well ihcy ih-lmI be. This company com-pany lias 7'4 acres in the Klk Basin oil fields anil are ilrilling in close LiOAinuLy oi protuicin,' wells in this national-known oil field. The Klk hasin lor the year just ended producer, produc-er, over $25, nun, hod. i he Liberty s Vv ell No. 2 is down to a dentil of over louo feet mid the indications ot oil ale strong. Judging Judg-ing ikoiii tin: lorniation of the oil banus, the company will not have to Ko over lour or die hundred feet to strike the first oil and when this is encountered the company will certainly cer-tainly he in the game strong. The aeieage that they have guarantees puUinK down several hundred wells on their own holdings and secure producing pro-ducing wells tor years, fact that adjoining ad-joining territory would soon be 'milked 'milk-ed dry' by companies operating in their vicinity. i he Lioeny company, like all good substantial companies, do not believe in having their "eggs in one basket" and have secured over 4ii,000 acres ot leases in territory that has oil indications, in-dications, or in proven territory. They have lour Standard rigs at work in four separate fields and will start Oilier rigs in the near future. They hope to he able to put down forty or fifty wells during 1918. When seen a,t their new offices in the Northern North-ern liotel block tl:.. eJk, the manager, mana-ger, Mr. George U. Lh.isnian, said that he was too old to go to the front, but was going lo do bis "bit" by furnishing all the oil possible to help win the war. The company has over $100,000 1 worth of equipment, all paid for audi four riirs runninir niidit and dav. Some near production and one which has just "spudded in" and they should certainly do their share towards to-wards helping to increase the much needed crude and refined oil that is so necessary in carrying on the war to a successful close. So tar the company has only sold 12 per cent of its treasury stock and so 8 8 per cent is still in the treasury. This is a wonderful record for any company and is due in a great measure to the careful management of the affairs ot the same. Unlike most companies there are no large salaried officers to eat into the cream of the treasury stock. All money received goes to the development of the company's holdings, and that is why it is possible pos-sible for them to make such a good showing. To talk with Mr. Chrisman for only a tew moments would convince any and will make it a winner from start to finish. The fact that it has been possible to raise over $130,000 up to December 1, and only cost the company com-pany less than fifteen per cent means a something to the careful investor. They are putting on a large block of stock at 15 cents per share ror quick results. March 1 the stock will be advanced to 2 0 cents per share and each month will see a raise until they have secured an amount large enough to complete at least forty or fifty wells. The stock will then be taken off the market. As Mr. Chris-man Chris-man says: "We have a good thing and want to let the people in it at this time. Had it not been for the fact that the government needs the oil so badly we would not have attempted at-tempted to put down so many wells, but we feel that we must do our share at once, and at the same time make big money for our stockholders while doing it. We are going to give the public fair warning that they can get in now but not later 'that is, after we have secured enough fundi-to fundi-to guarantee the results desired." Had the Liberty company only just their holdings at Elk Basin, it would be a safe investment. Their lines of leases are less than 8 0 rods from producing pro-ducing wells and the formation of their holdings makes it a certainty that they are bound to get producers in a very few hundred feet where they are now drilling. With the company's other holilmjrs in good fields where oi! inili.-a'.inns are ve.-y promising hey are doubly good as an iiu esi ment . The fact that they already al-ready liae nearly 1 u u , ii u if in euip-iiieiit. euip-iiieiit. all paid ior. and busy at work, make them something very substantial substan-tial to tie to. The stuck selling at 15 cents for thirty days means that th.y will hae a tush of buyers that will carry them off their feet, so to speak. And well they should they deserve de-serve tlie sue, -ess that is attending llieni. it's this class of stock that has our hearty endorsement. We like action and a run for our money uid with a coai jiaiiy as financially veil fixed as this otie is, there is no uncertainty about what they will ac-omplish ac-omplish in tlie long run. Nothing succeeds like success and success is sure in their case. On another page in this issue the Liberty company have, a full page ad .hat will interest the careful investor, inves-tor, and they go into more details than we are able to in the space that .e have at our disposal. Head this id carefully and write them for their prospectus. It is ot'.e of the best and most up-to-the-minute in details concerning con-cerning the oil situation that has so far been published by any oil company com-pany in the northwest. |