The Birmingham age-herald., 1919-09-26

STOCKHOLDERS
Alabama Bound
Oil X Gas Co.,, Inc.

mite paragraph in a prospec-
 tus of this company issued
 soon after its incorporation,
 some of you are in doubt as
 to whether or not this stock
 entities you to pro rata
 ownership of company as-
 sets, leases, etc, as well as a
 pro rata share of profits of
 development.
 Therefore, let this be
 clearly understood:
 Possession of our stock en-
 titles holder to pro rata
 ownership of all present and hereafter acquired property
 of the company; its leases,
 titles or profits, of whatever character.
 This stock is regarded as
 fully paid and non-assessable
 when issued.
 Our company owns oil and mineral rights on 45o
 acres of proven oil lands in
 II different tracts in seven different fields in Texas and Oklahoma. And we own them! Not a dollar of in- debted dness hangs over them The authorized capitaIiza- ton of this corporation is $160,0O0.O0. Of this amount $6O,O00.00 represents the valuation of our holdings at time of incorporation, and is designated as paid in capi- tai. The remaining $1oO,O0O is being sold for the purpose of financing development of our properties.
 The development around our tracts by other compan- ies, the bringing in of big producing wells, etc., is in- creasing the value of our acreage very rapidly. With in the past few weeks we have refused $500O an acre for three tracts, 20, 10 and 10-40 acres-in the heart of the great Desdemona field -- $2OO, 100000. The present market value of our combined holdings is around half a million dollars.
 It is, therefore, evident that our stock, even if total authorized amount is sold, Is worth several times what it costs, and its value is in- creasing every day. That's why we SO persistently say you can't lose your invest ment with us! Impress this fact upon your friends
 We are sufficiently fi- nanced to begin drilling our first well. We are~ at it now! The per centage of producing wells in our first drilling field (Comanche Co. portion of Desdemona territory) has increased to 92 in 100! The minimum average flow in this field is 1000 barrels day!
 Therefore, we feel reason ably sure of getting at least 1O0O-barrel we'll with our first operation, and we are digging now!
 The standard price for an oil we'll is $1OO0.OO per bar rel, based on one days CA hours) production. If we will release at least five acres of the tract on which the we'll is drilled, with the we'll, it will bring $15OO.OO a barrel. Thus a 1OOO-barrel we'll should be worth $1 500, 100000, or about 10 ; times our total authorized capital. It should be worth more, because we do not ex- pect to have all our $100,00O.OO sold before a well arrives, as we are drill ing now, and a well usually requires only six to eight weeks for drilling.
 We have promised you that we will sell our first we'll and distribute not less than 50 per cent of the profits among you imme- diately. We are going to do it! What should it pay?
 You can figure yourself that 50 per cent of this $75O,OOO.OO, should mean $75O.OO distributed back to stockholders for every $1OO.OO invested eff only $1OO,OOO.oO of stock is sold), and that we will have an equal amount reserved to proceed with greater develop least 10 more wells immediately, one on each of oAr other 10 tracts.
 We can, with the second operation Gin about 60 to 90 more days only) fix liberal programme and put surplus back into larger de- velopment and a scale of op- erations that will make everyone of you wealthy!
 Remember, this company is incorporated under Ala bama state laws, by local citizens whom you or your friends know to be men of integrity, who will give you a square deal.
 Only for a little while longer will we offer our. stock at any price. While there has not been a single dry hole drilled anywhere near our first drilling site, we are, as a matter of pre- caution, continuing sale of stock to insure financing a fecond we'll should it be nec- essary.
 sStock is still selling at SzO.O0 per share, but further reports of big production arcund us may compel a raise in price. It is already worth three to four time. its cost, md we don't intend to part with any more of it than