The daily sentinel., 1902-01-15
ORGANIZED.

lhe Whitewater vi, Mining q ke-
finins Company New Organ
nationals Composed Of Local
Men and Will Soon Be at Work
The Whitewater Oil, Mining and Re-
fining Company has been fully organized
and its stock il now ready for the mar
ket.
business men of Grand junction and
Enough Of the stock has
already been sold to purchase full and
complete drilling outfit, erect derrick
and necessary buildings and secure con-
troll OF several thousand acres Of land
near Whitewater, ten miles southeast OF
Grand Junction. The lumber and tim
bers for the derrick is being contracted
for and the plant will be ready for oper-
alton about the 1st of February. The
unexpected failure of the Colorado State
Bank has delayed the work to some ex-
tent, but this matter will only delay the
company for very few days.
This company has located at White
water for numerous reasons: First. be-
cause the company can control large
acreage OF land, which will give the in
vestor an opportunity to get outside
holdings in addition to his interests in
the company; second, because OF Prof.
Arthur Lakes maps recently issued in
Mines and Minerals, journal devoted to
the oil resources of western Colorado,
giving the vast country lying between
the Uncompahgre mountains and Grand
mesa as being an extensive oil field hav-
ing it's outlet out through the Gunnison
valley into the Grand at Whitewater.
The valley is narrow and the most nat
ural basin in western Colorado. Also
the numerous domes or buttes which
have been forced up by the heavy gas
pressure, which is the most favorable in
dication OF an oil bearing country. At
no other place in Colorado are these gas
upheavals so prominent as in the iosaiity
OF Whitewater, showing, according to
the best information obtainable, to cor
respond with the domes or buttes found
in the great oil fields Of Beaumont. Tex
a., OF which a description was given in
the Denver papers last spring.
AS far az formation is concerned we
also have the great beds Of marine fossil
shales which are also favorable for oil.
Tho So,r, t;on = = tho toup ~ Wh;tnua
ter dips to the east and at points four to
ave miles east it dips TO the west. leading
one to believe that at the point where
the first we'll Is to be drilled will be found
the oil channels.
The great coal fields that lie east OF us
along the Grand mesa which are perhaps
as extensive as any place in the world
are at an elevation much higher than
Whitewater. This would naturally lead
one to belieye, with the natural incline
OF the country, that the oil would find
its way to the lower valleys.
This company has secured for its man.
ager a man with many years experience
in drilling in tho oil fields Of Pennsyl-
vania and Ohio. and who has assisted in
the purchase OF ore of the most com
plete drilling outfits made, with all the
latest implements for drilling and q full
set of fishing tools which is very necss-
sary in new field.
Our company will sell small blsck Of
stock in addition to the stock already
at 1Oc per share, the money
to be expended in drilling the f1rst we'll. i.
Every dollar Of the money from the sale
Of stock will be used to the very best ad-
vantage to all interested, and the officers
will stand ready to protect its investors
in every instance and will endeavor 10
make the Whitewater Oil, Mining 4 Re-
fining Co. one of the leading companies
in western Colorado. The promoters OF
this company have done everything they
agreed to do with its investors and will
continue to follow out the plans which
have been mapped out by the directors
OF the company.
The recent oil discoveries at DeBeque
and the great advance in its stocks 10
only one instance among the many
where men have become wealthy with
only . small Investment, In oil stocks in
the past few years.
Anyone wishing some Of our stock
ahould call at the Office of the secreta ~