, 1922-02-25


II rockons our proven property
with OIL at $40 per barrel and our
probable unproven properties at s4s,-
$50. 1000. At this rate outstanding
stock Is worth sis7 per share.
The foregoing figures Of the ex-
pert leave out OF consideration alto
Esther several OF our properties Of
great known value.
Prices Of on
TT Is rot likely that our oil will
sell as low as $40 per barrel on the
average over the next ave years. Here
are tho prices per barrel. and dates OF
changes during 1921: January 1. s7.7s;
January IS. fe-e5. February 1, $3.50:
February s.. s1.65; February 10. 3t.4o:
May 3, s1-15: May 81. 81; June "a.
e5c; June 81, soc. October 4, 75c: o.
! tober 8. eoc ind December 81. 3l.4o-
These prices were unjustihtnbie. An
independent refinery ia tho likely re
suit- Refining Salt Creek oil viii
mako a net profit Of 50 to IS per bar
rel according to tho times
Dividends
THE. company's policy Is IN develop
It's present properties and apply a con
siderable part of the earnings to divi-
dends- II we take on new business
II viii be 50 financed as not to pre-
vent dividends. We viii accumulate
through sinking funds to mako the
three deferred payments IN January
1898, 1884 and 1898. From the re-
duction In Indebtedness ABOVE noted
and by reference to u items rs
cash in bank. accounts receivable,
notes payable current and notes pay
able January 2. 1922. It can easily be
sccn that tho date Is not far AWAY
when some of our eearnings car be
made available for dividends.
Cause for Gratitude
The company had a successful
yesr when 1t Is considered hat 1891
was one OF exceptional depression in
the oil business ard one in which the
treat majority Of business orpora-
tons reported a deficit rather than a
pront,
Achievements.
The New York Oil company was
started in July, 1919. with 81. 900 of
borrowed one Through tho period
that has passed II has had much Iiti-
cation. That is all behind It. It has
had much financing to do and n
donc IL. II, with many others, need
ed a general leasing law and II was
considerably Instrumental in securing
It's enactment II then had many
leases and permits to get under the
law and has them. Woven all through
these activities It has drilled and de-
veloped oil n gas ED and biit and
operated pipelines. It started million
dollar pipeline projects in AprT. 1920.
whom the country was eoinr u y insh.
without a dollar provided for them N
advance and It has proven moro pro-
ducfive oil and gas sands in Wyo-
ming thai any other operator in the
state. The year 1922 will likely ada
notable things to this company.
Boone Dome.
The New York OIL company has
all of the Boone Dome field. which Is
40 miles from Casper. There are
about loo acres inside Of the -
carpment or rimrock. 1t Is proven
for a in the upper lands. Nothing
could more thoroughly prove It a
closed structure than gas production.
The gas pressure IL 1900 pounds to
tho inch. Booze Dome Is only about
is miles beyond our South casper
Creek gas and oil lands and our big
a trunk line to Casper. which runs
great quantities of gas daily. Anyone
- a or a fool who says you
VIII get oil or a in q and before It
Is proven, but every geological and
oil mans evidence Is that Boone dome
VIII be very productive OF oil or gas
IN h Wall Creek sands. which we
are drilling for and closely approach
fng- The Wall Creek sands are Wyo-I
ming,s greatest Boone dome may
more than double the value Of New
York OILS properties within a few
weeks or months To the initiated It
VIII not be surprising II Boone dome
proves to be one of the best on FIELDS
In Wyoming. 1t win not surprise us
II b test oil well now going down
on the crest OF tho dome comes in
10000 barrels a day with on hat Will
readily at 50 per barrel. wei
would not have to wait long to sell
the product A well there would
probably pump its OIL ten miles by its
own natural force However, the
Chicago & Northwestern railway
crosses Boone dome within ffve-
eighths Of a mile OF our test on wen,
1t could easily pump its OIL into
tank cars until a pipeline could be
bunt to Casper and such a line could
be constructed in less than 90 days
our South Casper creek and Foa-
Spider fields which are already
proven for oil and which are to be
developed for oil production this year.
The c.. B. & G. railroad is only a
traction of a mile from Boone dome.
Listing Or Stock Exchange
Since 1909 only one-half OF 1 peri
cent Of III New York stock exchanged
have failed and one-haIf oil
those failures have paid 100 per cent.
Distinguish this from the curb mar
and h Consolidated exchange.
stock exchange Is the best of all.
When It car be doas properly.
New York Oil stock will be listed on
the stock exchange Today the facts
about our company are known to few
people When our stock Is listed on
he stock exchange a country-wide
viii be turned upon our
company. The more and hi sooner
The better"
TT,A ufrfok L. A. D--.-