The herald. [volume] (New Orleans, La.) 1905-1953, 1918-01-24
INVESTORS OIL { GAS
CO., Ihc., HAVE PRO-
DUC|MG WELLS
WILL PAY FIRST DIVIDENDS ON
FEBRUARY FIFTEENTH.
Gas Co. Made Up of Local Men, Well.
known i'm Commercial Life.

Uas 20. Made Up of Local Men, Well
known i'm Commercial Life.
The Investors Oil and Gas Co.
have suddenly launched into a pro
ducing company through the pur
chase by them of producing wells il
the oil fields in the vicinity of Hou
ma, La, and another field near New
| Orleans.
The officers of the company, John
X. Loyacano, as president, Chas. j
! Babst, as vice-president, and c. Ran.
| som as secretary-treasurer, together
with DR.. Z. l.. Norton and Thos. E
Furlow, who go to make up the
board of directors of the company
| are much encouraged through the
present outlook for doing big things
within the very near future.
On account of southern Louisiana
being brought more and more into
the proven oil fields, it NAV readily
De seen that greater developments
will take place now. since the exper-
mental stages have been passed.
In a letter to the stockholders of
the Investors Oil and Gas Co., Inc,
the secretary, Mr.. c. A. Ransom,
gives some of the following facts,
which are very interesting to many
of their stockholders, who reside on
this side of the river. Mr.. Ransom
goes on to, say:
For some time past we have
had our representative scouting the
coastal oil fields in reach of an ad-
vantageous lease in producing ter
rltory. In October last, we secured
an option on part of a lease in the
Evangeline oil field which had three
wells which had formerly been good
producers. Our expert, who is a
well known operator in the coastal
oil field, advised us that these wells
could be revived and made to pro-
duce a high grade oil. at much less
expense than three new wells could
be drilled. Our option provided for
three months inspection of the prop
erty under our engineers supervi-
sion. and if the production proved
satisfactory, We could then purchase.
Two of these wells have been re-
vived, and the renewed production
has been such that will warrant us
in taking advantage of our option
and We have, therefore, closed for
the purchase of this lease. The pro-
duction from the wells which are
now producing will enable us to de-
clare a dividend by February 18th,
1918, which we have every reason
to believe we will be able to do
monthly thereafter
I'VE feel that we are extremely
fortunate in securing producing
wells and thus be able to become
an actual operating and producing
company within six months after our
organization. This is evidence of
the extraordinary effort put forth by
the management to makae the Inves-
tors a successful dividend produ-
GER"
1.-THE reason we have not reported
this matter before is because we did
not want to put forth any false
hopes or promises which might not
be fully realized. We feel that on
account of the high standing of our
directors and principal stockhold-
ers, we must be very conservative in
everything that we undertake. and
that we must not give out informa-
ton that would be in any way mis-
ut will be the policy of this COM
pany to acquire desirable leases in |
all fields on the Gulf Coast which |
will be either developed by by us
Or resold where a satisfactory profit |
can be realized, but it will NOT be |
BUR policy to expend the funds of
The Company in drilling wells in un-
proven territory"
There are tremendous fortunes
% be made in developing the natural
gas and oil fields of this section, but |
he drilling of wells in unproven
territory involves a risk which this
Company has no intention of under
,aking. Companies such as the Tex
Is Co., Gulf Production, Producers
Dill, Humble Oil and Crowley Oil are
,reated by careful drilling and con-
'ervative management, not by unwise |
Full and detailed infor-
nation concerning our new holdings |
will be furnished our stockholders
Is soon as it can be complied"
This production will in no way
interfere with the development of
,ur gas property in Terrebonne Par
sh or any other property in which
We are interested.
Trusting that your interests in
,ur Company will benefit you more
han is indicated by this announce
nent, / am
Yours truly,
q |