The daily star-mirror. (Moscow, Idaho) 1911-1939, 1918-02-26
ADVERTISING
LIBERTY OIL AND GAS COMPANY
NEARING OIL SANDS IN ELK BASIN
Showing
Where the Company Has Reached Depth of
Thousand
en- from the Oil and Mineral

(Taken from the Oil and Mineral
Journal, Billings, Mont, January 28.)
The Liberty Oil and Gas company's
officials are jubilant over the report
from their well No. 2, at Elk Basin,
and we'll they need be. This COM
pany has 724 acres in the Elk Basin
oil fields and are drilling in close prox-
unity of producing wells in this ma
tional-known oil field. The Elk Basin
for the year just ended produced over
$25, 900, 900.
The Libertys Well No. 2 is down to
depth of over 1000 feet and the in
dications of oil are strong. Judging
from the formation of the oil sands,
the company will not have to go over
four or five hundred feet to strike the
first oil and when this is encountered
the company will certainly be in the
game strong. The acreage that they
have guarantees putting down several
hundred wells on their own holdings
and secure producing wells for years,
fact that adjoining territory would
soon be ''milked dry" by companies
operating in their vicinity.
The Liberty company, like all good
substantial companies, do not believe
in having their "eggs in one basket"
and have secured over $4,000 acres
of leases in territory that has oil in
dications, or in proven territory. They
have four Standard rigs at work in
four separate fields and will start
other rigs in the near future. They
hope to be able to put down forty
or fifty wells during 1918. When seen
at their new Offices in the Northern
Hotel block this week, the manager,
Mr.. George c. Chrisman, said that he
was too old to go to the front, but
going to do his "bit" by furnishing
all the oil possible to help win the
war.
The company has over $1O0,000
worth of equipment, all paid for and
four rigs running night and day. Some
near production and one which has
just ssspudded in" and they should GER
tainly do their share towards help
ing to increase the much needed crude
and refined oil that is so necessary
in carrying on the war to success
full close. So far the company has
only sold ~ per cent of it's treasury
stock and so SO per cent is still in
the treasury This is wonderful
record for any company and is due
in a great measure to the careful
of the affairs of the
same. Unlike most companies there
are no large salaried officers to eat
into the cream of the treasury stock I
All money received goes to the devel-
opment Of the company's holdings,
and that is why it is possible for them
% make such a good showing.
To talk with Mr.. Chrisman for only. !!
/ few moments would convince any
ind will make it winner from start
@ finish. The fact that it has been
possible to raise over 100000 up to {
December 1st, and only cost the COM
,any less than fifteen per cent means
to the careful investor.
They are putting on a large block
# stock at Is cents per share for
tuick results March list the stock
will be advanced to 20 cents per share
nd each month will see a raise until
hey have secured an amount large
to complete at least forty or
fifty wells The stock will then be
AIKEN off the market. AS Mr.. Chris
ian says: 1--WE have good thing
nd want to let the people in it at