The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1919-05-16

INTERESTING Oh NOTES


Operating on the William Ryder |
tract, the Bourbon Oil and Develop !
ment Company has brought in it's No. |
2. which is reported good for Is bar
relS.
OF the ~Parboken Oil Company The
first allotment of stock at SO cents
has about been exhausted. They
have a large force of competent
statesmen over this and adjoining
States that report stock going fast
and no trouble to sell.
Four new companies are now in
the making in Paris and will be
ready with their announcements in
a few days. In fact, three have al
ready commenced soliciting for stock
holders and the forth one will COM
fhence shortly. Announcements of
their holdings and plans of their re-
spective companies will be made in
THE NEWS in a few days.
1t is reported that Jesse T. Hare
and associates have sold lease of SO
acres to the Cooperating Land &
Development Company, three Paris
organizations. This land is located in
the Big Sinking district of Lee
county and is known as the Poplar
Thicket tract The property con-
tains two pumping wells and is
equipped with tanks, power and 9th
er operating material. The three
companies who bought the lease
jointly will move drilling machine
upon it at once and continue its de-
lvelopment. The consideration was
not given out.
Each sale on the local exchanges is
attended by large crowds, either
eager to invest or out of curiosity to
note the rising and falling tides in
oil stocks. Long line of automobiles
press the curb on both sides of the
streets at the night sales, and the
presence of many interested women
has been noted. The ladies are cor
daily invited and expected to be
present and share the stress and ex-
element with the male of the
species. These exchanges are inter-
esting places when the sales are go
| ing on.
| According to reports received in
Lexington, Monday night, Jesse 7.
Hare and associates have sold lease
of SO acres to the Cooperating Land
& Development Company, the Lee
Kent Oil Company, and the Bourbon
IOil & Development Company, three
/ Paris organizations. This tract Is
I located in the Big Sinking district OF
Lee county, and is known as the
Poplar Thicket tract. The property
contains two pumping wells and is
equipped with tanks, power and 9TH
er operating material. The three
companies which have acquired the
lease Jointly will move drilling ma
chine upon it at once and continue
it's development. The price paid fol-
the property was not made public.
Mr.. G.. P. Mann, sales manager OF
the Lee-Kent Oil Co., returned yes
terday from trip Of inspection OF
] offices in Central Kentucky of his
company and reports that all OF his
| agencies are in fine working condi-
ton and that statesmen are meeting
with big success in selling stock al
the present price of 40 cents pei
share. He said also that severa
wells are now in process of drilling
and are going down on all sides OF
their leases. The knox Drilling co
are expecting a we'll in every day ant
if it proves a gusher, 100000 woult
now buy this lease. He said drilling
on their Big Sinking lease would be
gin soon, as some of the machlner!
: was already on the grounds.
The Old Rosebud Oil Company yes
terday bought a voting 1nteres
and a royalty in the heart of the ia
nous Big Sinking district. Th1
tract is surrounded by such prosper
Gus holdings as The McComDs, Ol'
Dominion No. L, Wright, Natlona
Oil & Refining and the Pyramid co.
and others. The promoters OF TN
Old Rosebud are very sangulne owe
the outlook of their company and sa!
that at first it was a gamble, but nov
it is an assured fact of hitting OIL
{ and of success. That they could looi
a prospect straight in the eye AM
ask him to buy stock now, as tnel
, holdings are as good as the best
, those who surround them, as the.
were within few hundred feet o
some dandy producing wells. Dr1li
ing will start in few days.