, 1923-11-22

was drilled about three feet &c
was suspended the hole drilled itself
in about six feet, making the hole
at the present tire around 10 feet
in the sand.
When this gasser came In it was
thought that it was dry but after
blowing for a few hours the gas
became very wet and has been
steadily getting wetter. Samples
of this gas have been sent to the
laboratories for testing in order to
see what the gasoline contents are.
President Hatfield spent several
days fitting appliances to the casing
In order to shut the gas in and yes
terday he was successful in his en-
deAvors and the gas Ia now under
control.
plainly that this Eas Ia heavy with
gasoline and also contains consider
able oil. The tools are entirely
covered with . coating Of oil and
the rig timbers are also colored.
At = meeting OF the Board OF d.
rector Monday evening It was de-
eided that II would b very mad
vtsable to attempt to drill this we'll
deeper Into the Dakota sands ~ the
. Is too valuable to take n
chance OF losing It.. In view Of this
fact II was decided to shut this we'll
In and 10 start Immediately drilling
another well.
A new rig has been ordered and
Ia now being taken to the field.
This rig will be located on section
SIS at q distance OF about one-half
mile north and west o fthe present
we'll. Biologists have reported that
this new location will not only give
the best test for oil in the structure
but Is also certain to hit the same
n ~ was struck in well No. 1.
The water line from the Lake to
the new location will be buried I'M
mediately thereby insuring a con-
tinuous supply OF water for drilling
purposes during the winter months.
A eas line will he run from well No.
I to the new location and fuel will
be supplied Tor domestic and drill
Ing purposes at absolutely no ex-
pense whatsoever to tho company.
President Hatfield states that as
NOON ~ the new rig has been erect
ed and equipped that he will take
~ bs" AuSts auu III DS-
sume active charge Of drilling op-
erations. running one tower him
self. Hank Stott. who has drilled
opposite Mr.. Hatfield during tho
drilling OF this first we'll will handle
the same Job in this lev well.
h officers a. we'll - most stock
holdcrs OF the company. realize that
II will take 1t least . year to de.
veiop this property to such a. ex-
tent that the maximum amount can
b. realised from Il. In order that
tile development work can pro-
Grsas without danger OF outside IL.
forests securing control Of the con-.
paay many stockholdsrs have re-
quested that an effort b. made 70
pool . majority OF the stock for the
term Of a year.
II compliance with this Request
the directors are preparing . poll.
Tag agreement whereby any stock.
holders who wish can deposit their
seeek certificates with the Rawlins
NaAloaai Bank and secure . trus.
tss's certificate. This stock Will \.
NaiQ II the bank durtng tho period
q The agreement and cannot b
eos1 during that time. However.
~ owner does not lose his voting
eowes asA can do snythinG he do
ssrce r~sgas1ing hA stock except
csu u. Il b believed that this 70
iee Only manner u WAieh the com.
pssts esveooD0eat o. the company's
property saA ~ fully carried out
vHe ~ assurance tAaa each stock.
hoseee Will Ooeuro ovogy eoat 70
vtoA 10 night - eatitiea.
: VII - Q steskAo,Asss
nsstias Of the HatasIl on eonpoay
q sssat o'cleck ,. -, % Monday,
Dseeasse srl. Of wAieA svssy 6stSii
Of the conpasy's buslnsss WI .
takea Up. Any oefers that 1iehe
- reesivsA viii b dscidod a M.
messins asd piaas for ne fvture
esvsaepmsat Of The property WI -
~. aal Mn. J. G. kiibora were