The daily morning oasis. [volume] (Nogales, Ariz.) 1917-1920, 1919-05-01

erty Immediately after its purchase
as manager of the company, and he
has been there ever 81 ce.
Several years after Mr.. Johansen
took charge of the property, the re-
markable oil field at Tampico was
developed-the fame of this morvel-
ously productive field became world
wide after the outbreak of the war
in Europe.
Tampico Field Vast in Extent :
The field is not confined to the i'm
mediate vicinity of Tampico itself. AS
matter of fact the wells of greatest
capacity and Of higher grade oils are
about eighty miles south of Tampico
and Immediately north, northeast,
northwest, west and south of the land
these six Tucson men bought in 1896.
Two wells within a radius of two
miles of this property are .continu-
ously producing one hundred thous-
and barrels Of oil a day. Three wells,
about the same distance away, have
a record of fifty thousand barrels a
day. About twelve and .one-half miles
north is 60,000-barrel day gusher.
A 100000 Barrel Well
Twenty miles north of the property
and on a direct air line, straight as
the crow flies, is a we'll that is pro-
ducing one hundred and sixty thou
sand barrels day and has been do
ing that phenomenal thing for per-
iod of eight years. Five miles furth-
-er south, on the same direct air line,
is another we'll with an unbroken rec
ord of one hundred and sixty thou
sand barrels of oil day for period
Of six years. These wells are the
largest oil producers in the world.
Twenty miles south of the proper
ty is well with continuous out
pouring one hundred thousand bar
rels of oil a day.. ss,o
All Are Gushers
And the oils sells for dollar a
barrel at each of the wells, all of
which are gushers so there is no
pumping expense-the cost Of produc-
ton is practically nominal. Pipe
lines have been installed which carry
the oil directly to Tuxpam on the
gulf coast thirty miles east, from
which point it is shipped on tankers
to the United States, South America
and Europe. 0..a....-.--=
The oil is Of a. very much higher
grade than that produced in the Tam
pico region, eighty miles north, and
there is no limit to the demand for it.
Fabulous fortunes have been made
in this district.
The close proximity of all the above
mentioned remarkable wells, and the
fact that two seepages of oil are con-
tinuous on the property itslf, prac-
tically convinced it's owners that their
fortune lay, not above the earth, but
in it's bowls. -
And the Tu-Fex Oil and Gas COM
pany was formed to develop that for
tune. Ds -HEE ~
Million Dollar Capitalization
The company is capitalized at one
million dollars under the laws of the
State of Arizona. The corporation
commission Of the State, after thor
ough investigation, granted the COM
pany the right to sell one hundred
and fifty thousand shares of stock at
one dollar per share with the distinct
understanding that the funds sub
scribed for stock are to be placed in
Tucson banks r, until ). sufficient
amount of money to cover. the cost
of sinking two wells has been secur-
ed. And even then the corporation
commission must be notified before
the money may be expended. This
measure is designed to fully protect
the investor. i
George F. Kit President 6zal
The next step was the selection of
officers for the company. It was de-
termined that Tucson men we'll known
for integrity, trutworthiness and bus
mess ability must be placed in charge
of the company's affairs With that
determination in mind, George +.
Kilt, of the firm Of w. F. kits Sons,
was requested to assume the presi-
dency of the company. zEBsi
While Mr.. Kit has known all the
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