The Nevada County picayune., 1919-08-28
VICTORY NO. 1 STARTS DRILL ING TO-DAY AND NO. ? WILL
 START ONE WEEK FROM
 TO-DAY BIG PROSPECTS.

Saturday, and Victory No. ? one week l later. We expect to have these wells in not later than October ]. We ex- pect they will be as large as the Lizzie Queen well
 This is the message that came yes tcrday to John R Frazer president of the Victory oil Companies. from H. \. Harris. field agent in the Des- dcmona district of Texas, which k rapidly assuming d position rivaling that of the Ranger and Burk- Burnett fields
 The Lizzie Queen, offsetting the Vie
 tory leases. was brought in about ten
 days ago, and is holding up prodHc
 ton at 5000 barrels This well is just ITO feet west of Victory properties. and
 i~ more than three-duarterS of a mile from the celebrated Kivett tract The fact that actual drilling opera tion> started today on Victory No. l and that the well on No. , will be started next Saturday is welcome news to the hundreds of stockholders throughou. Arkansas. The work k toI be pushed actively in limited time.
 and the driller. who has 5O-50 con | tract. is anxious to put through the project as speedily as possible
 Victory No=E capitalized al $15o- GOO, k required to have at least S12o.- coo invested ill acreage. but the tru>=
 tees for the company have done better than this for the stockholders. for they have an acreage for which a cash offer of S150.000 has been refused
 No one except those who have wis
 ited the Desdemona field has even q faint conception of the conditions that
 cause inevitable delays in the drill
 ing of wells" said President Frazer The crying demand there as we'll as in other fields. k for drillers, but we are fortunate in securing most adyan- tageous contracts for drilling three wells on each of our fiye-acre tracts which iS To be pushed with all celerity. Many companies older than ours have not been able to contract for any drill ing whatever although they are offer ing fabulous prices per foot to the drillers. The driller on 50-50 basis
 bets S40000 to S50.000 at the outset against the company that he will strike oil for it will cost that much to drill and complete the pipe line connections and he will not get one cent return until production is secured.
 Tt has been proven in the Desde- mona field as we'll as elsewhere thar there are good drillers and poor ones
 The Cattlemen'S Hog Creek well. just west of DeSdemona, was drilled in over d month ago as gasSer, and con tinued as such for at least three weeks and is still blowing gas but producing better than 900 barrels of oil daily When the same company began its second well, contract was made with
 the Texas Drilling Syndicate but Il short distance from the first, and this the Lizzie queen. came in last week and k showing in excess of 5000 bar
 rels daily. The difference was in the drilling. and we are confident that the Victory acreage. 170 feet east of the Lizzie Queen. will be large producer also. As matter of fact, there are more wells in Texas today that have
 been ruined by incompetent drillers
 than there are producing properties
 and for this reason we are peculiarly fortunate ill having competent drillers at work on our leases. Both the Vie tory companies have been organized
 to make money only through oil pro duction, and not for the purpose of Specuating in stock acreage. Nothing
 can he guaranteed ill the oil game,
 but we feel that there in not a chance
 in ten thousand for us to lose ill proven field such as that in which our
 tracts ar located Little Rock Daily
 News. August >23, 1919