The Winslow mail., 1921-08-12
W|NSLOW OIL COMPANY
DISCUSS ACTIVITIES

The Winslow Oil company of this
city held it's third annual meeting
here, Friday, the fifth.
There is evidently much interest
in oil among the stockholders as
more than nine -elevenths of all
stock issued was represented in
person or by proxy The company
has only issued $500 shares, or
less than one-twenty-fifth OF the Or
iginal stock capitalization, and there
were 47,179 shares represented.
The following directors We're ell
eeted for the ensuing year e. A
Sawyer, W. c. Kelly, c. V Smith,
R. L. Moore and W. L. Lyons. This
would seem to be a good capable
b0ard for the management of the
company. E. A Sawyer is president,
r. L Moore weep president, and E
Julian Harbin, secretary.
There was much discussion as to
the probability of having the com
panys leases drilled 1t seems that
the company has issued certain op-
Grating contracts, and that the less
ee, or the operating companies have
mot actually begun drilling, and
there was some dissatisfaction
the contracts are considered good,
but no test wells have commenced
During the meeting, and after the
meeting had adjourned the various
stockholders considered the matter
CT drilling themselves. They real
lied the Importance of having one
test well completed. It was sug-
gestsd that there were plenty of
drilling contractors with first class
string of tools, that would risk their
time, service, tools and management
for royalty, if the company would
ecure funds to pay the labor and
5uJnish the casing as needed. It
was estimated that in this way
well could be proved from $4,000
to $4,000. Such an amount could
no doubt be raised by the stock
holders of the company.
This would seem to be very
plausible plan to have one well
sunk and actually proved Howev-
81, On the other hand, as some of
the stockholders openly expressed
themselves. To begin now, spot the
we'll site, secure yaur contractors,
raise the money, build a derrick,
and all other preliminaries, a we'll
could not be commenced in less
than so to 80 days, and according
TO all definite data at hand, it could
not be finished III less than four TO
six months, even with the best of
uck. So i'll this manner it would
take, likely six to nine months to
prove the field, while it would like
" seem a better plan to first nave
one of the wells now in the field
proven, which would be OF untold
value to leaseholders, business men
and citizens of this town and coun-
tv. and as we understand, the Wins
low Oil company is a lease holding
company having twenty odd sec
tions on the field and of many of
same located or adjoining present
drilling wells.
It seems to be the consensus o.
ouinion among the stockholders 10
see what could be done towards AID
ing, or insuring the completion OF
the Holbrook Oil company well,
which they seemed to think the best
early or immediate chance of prov
ing the field It is said that it is
likely the deepest hole, the largest,
being eight inches at the bottom,
and the only well on the field that
has a first class standard rig COM
plete It is strongly intimated that
this well has had some most en-
couraging oil showings, although
the company has not advertised this
fact
AS the Winslow Oil company has
leases near this WELL it would of
course be of vital interest to that
company and the stockholders to
have it proved up as an early win
ner and this seems probable.