The Portland daily press., 1865-01-16
MISCELLANEOUS.
New England
PETROLEUM COMFY.

WILLIAM LINCOLN, =. Z. SMITH,
D. M. YEohANs, J; H. oLAPP,
e. c. BATES. 2
CapEfal............. ............. $3.50 900
NuaRber Of Shares,............... 10000
Sucscs sPtsors.. -. i.........,...-. -oc ~
working caP'ai.'..'....-..,,-. So,ooo
The Directors of this Company take pleasure in
presenting to the capitalists and the public of New
England chance to invest in Petroleum stock
that offers immediate returns as well future pros
poets of realizng income that will amply reward
such inve:tments. + fsls,s. I
The Property Of the Company Consists
1st- OF aperpetual lease offvs and one-halfacres
Of land with engine, fixtures and buildings, being
part the Miller Farm, about Eve miles below IT,
tusy,lle, on Oil Creek, at the mouth of Hemloek
Run.
The Oil Greek Railroad runs directly through this
property, which enhances the value Of the product
fully one dollar per barre, there ing no caring.
No finer boring rritory being found the whole
eugth of OIL Greek than on this section. On this
land there is one we'll now producing sixty barrels
Of Gil pc day, worth at the well twenty collars per
barrel.
This we'll beings neso one, we have every prospect
Of its increasing to much larger YIELD as most OF
tho pumping wells ON the creek have cone hereto
fore. For this well alone the Company are now OF.
fered $l75 COO cash. We have also this track room
for at least ten moe wells. One well viii be put
down immed ately upon the arrival of the engine
and tools which the company already own.
Much better results are expected from this terri
tory than already obtained when we shall have sunk
the other WELL almost every well sunk in this vi
entity has be eminestly successful; for instance
the rNob!e Wen" only three miles below us. with
surface Indications inferior to ours when was
struck flowed two thousand barre s d ay for year.
and its .ortunase pcssessors became nillionairss-
Now chance of striking asiilar deposit is reat
y superior, being nearer the center of the great Oil
Basin. Should well Of this kind be struck, at tao
present price Of OIL it would yield income OF $780,
cooper day. or ever s4,o0otOO per annum. This
would indeed be prize and facts show that it Is not
all chimerical for it has been done in neishber-
hood. and we do tsee why our chance is not good
or doing the same thing. lsssr7 s,-4 sos
No. 2. Fee simple of $50 hundred and sixty five
acres Of ard in Oil Creek and Spring Run, six
mies from Tltusville,a large portion of which is
boring tersitory. apd from u'face indications we
have every reason to belize thst this will prove
equally asvaluable as land below Titusville. Par.
ties are sinking wells land adjoining us very
satisfactory results. o5a s2ll Stasl'i ffssis s
No. 8. Twenty four acres of fats ru ming across
the south end Of Morgan Jennings farm. say two
miles north Of ccoperstown Forty years lease, re-
corded. Eine.tenths of oil on first five acree, three
fourths Of oil residue. One derrick up. Proprie.
tor pays all tax es, making it be tier than deed
Rochester firm, Messrs Hughes, Crane & Co I. have
similar lease scross north end of this farm and are
improving it with The greatest energy.
III land was very carefully seleced last August
by most experienced expert, and Is unsurpas ed on
the Greek. The oil ia heavy lubrcating oil, sell.
ing At the wells for twenty dollars par barrel
and from the superior location of this property
gether with large amount of money now develop
ing in this locality the company most conscientious
y deem this tract OF very great value It's in d..
rect range with the celebrated Tarr Farm, and
every foot of the territory is excellent boring land
while its proximity to the market renders it OF on
HANGED value. = y IA GAM
No. 4. Fee simple of one hundred and thirty acres
on Motquito Creek in Mecca, Ohio. on which we
have three wells in cps ration yielding about four
barrels per day ofthe very finest lubricatiDg oil In
the world bring ing readily fifty dollars per barrel
at the well, Or sixty dol ars in Eastern Markets.
Responsible parties stand ready to take all the oil
raised a. that price. hese wells four years
old and 1t is expected when we shall have a new
well down, We shall get at least fue-barrel we'll
One Wells nearly 10 oil depth and in the course
Of thirty days will be producing. No well was ever
sunk on this territory that was ret paying one
This oil is found at depth Of siKtyya feet, WHICH
enab es us to sink wells at a Sigh, expense
The Phillips Oil Company are sinking wells on
land adjoining us at a grea,er depth, with every
show of getting flowing or large pumping wells.
On this property We have two large houses, new
barns, office, oil refinery Jour first class engines
pumps. tubing. teams and everything complete ior
carrying ON large oil business: Plenty oft b:st
of hard wood growing on this property enables us to
get our fuel at cost of cutting aud hauli1 e, as all
our engines burn wood alone Splendid timber for
slaves and other purposes is found in great quaint
ties