Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1916-09-24

compauy's first we'll was drilled and in
which the big gasSer was struck. This
original well was, by reason Of the
provisions OF the lease, drilled about in
the center of the original S000-acre
lease. Conway has been consistently
OF the opinion that the most favorable
spot would be at the east end of these
holdings. His theory looked so sound
that the New Mexico parties have
agreed TO put down a well in the east
end location 10 depth Of at least g
100 feet.
With this well drilling there will be
eleven wells drilled and drilling on or
nearby the Big Anticlne company's
various leases, any one or all Of which
may come in big producers and make
part or all of the company's leases
worth almost any amount OF money.
But the center OF interest for unmed-
late developments is in the company's
well at NARROW. With the drill going
night and day, the interest is at fever
heat The oil interests all over the
state are watching the result OF this
well as the criterion OF the whole dis
trict and II Ia hard to find a well-in-
formed person in that section who is
not expecting big sensation almost
any hour.
|, is doubtful il ever in the history of
the Oklahoma oil fields company op-
Grating in a pioneer field has had such
combination of favorable chances as
this. Capitalized at only $50 600, it has
more acreage in more promising loca-
tions than many companies capitalized
al one, two, five or ten million dollars
One big strike might make the com
pany's holdings worth anywhere from
S5OOOOO TO million dollars. The COM
pany with three well to be drilled on
its own property and with seven others
drilling near enough TO practically
prove its adjacent acreage. il seems TO
have remarkable chance TO win and
win big. And that winning may now
be only few hours ava" &c the drill
descends in the well at NARROW.
A SO0-barrcl well would earn the
company approximately 100000 a
year or double its entire capital stock
the first year. The | GOO acres of
leases would Immediately become very
valuable; $50 an acre has been paid
in this county on prospects alone; $500
an acre would be a conservative esti-
mate of the worth OF this acreage
should the company hit big producer
Eight hundred acres could well be sold
still leaving the company room for
plenty OF wells, netting something like
$500 600 more.
II is safe to say that 500-barrcl
producer on the NARROW lease woull
make the comparv'- holdings there
worth al least S5OO.0OO00, to say
nothing of the other three valuable
leases totaling 5000 acres more, any
one or all OF which might prove as
valuable or more so than this. Con-
way has been urged by many of the or
iginal investors to raise the price OF
the small block OF remaining stock to
Sl,2S, $l50 or 500 a share and it is
probable that this will be done within
a few days as the critical hour at the
NARROW well seems to have about ar
rived and indications point so clearly
that a good strike should be made. Il
would be foohardy to continue SELL
Ing stock at par much longer.
The capitalization being small, the
company being loath 10 sell more than
was absolutely necessary to carry on
development, has allotted blocks OF
stock for this purpose only as thev
were needed Only few thousand
shares remain and little more money
is needed to rush the MARROW well TO
completion and provide ample drilling
funds for the well at Doyle, Reluct- |