Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1935-11-02

gsavbe fifteen bio dredges-and PIT them all to zOork
The oz1ters of the land in Helena zCtH get 10 per
cent royalty That qGH make them money than the
land zcM evey be zOoyth for city lot purposes and it
7UiH SAGE Helena people millions Of dollars that other
zUise zvouId be spent rebuilding"
"Wait moav", ne imterjected again. What about
the roydlty?"
"NozU Won zUait, said our friend "You gUdnt to
give me service my royalty Investments. COM
ing to the point:
I'VE zgH dig enough gold out of the site of Hell
esG-dnd are going to try to get all that placer
around under Fort Harrison in on the deGE-So that
ne zUsH haze money enough to build good capitol
and to pay the cost of administration of the states
affairS-conbled NTH the from oil royalties
on state EandS-So that aUoNt haze to collect any
more taxeS and Montana zVH become the greatest
state in the U,tioN- fact the greatest state earth
''Whoah now" we shouted ''Who is paying for
this phone CALF"
eff I asked you to come to Helena to me, you
would come, and it would cost you a lot more than
this phone call and you would be lot more nervous
he said 'But if you insist will tell you that want
an advance reservation that Pondera royalty. That
is the best buy of the year, and want whatever
part of that percent you will allow mellow will
you pay for this phone call, or shall hang up?"
eve pay for the phone call, we agreed. We did
he will get his share>of the royalty
After all, his line of patter-to those who know
something about the ms and outs of the Montana pos
litical stlation-was worth the price.
The royalty referred to is in the new extension
of Pondera oil field We had written him that this
royalty was coming up, because he had requested
Pondera royalty The plat and offering sheets will be
going out soon.
We have concluded our buying in Pondera, based
on the important discovery of north extension which
practically doubled the producing area We have sue
ceeded in blanketing about five hundred and sixty
acres which is goody proportion of the newly prov
en- area.
It has been determined that by the use of acid
the initial production of Pondera weIIs-which pro-
duce from lime formation--can be doubled and
rebled Pondera has had one of the most remarkable
production records of any oil field of our experience
It is said to be of the few oil fields in the world
that paid out its total development cost in the first 20
months of operation 1t is therefore, one of the most
profitable oil fields in the country. It has had so few
Try holes that the factor of loss in this field has been
negligible With the of acid these so-calIed dry
holes, nearly all of which had oil but drilled into water
below, might have all been saved as producers except
ng those too low structure
The structure is so well defined by wells drilled
I'D the theory of accumulation is so well established
lat there is little risk in royalty investment on any
the properties have secured Unfortunately
II there is but little royalty available at price we
e willing to pay The royalties we have purchased
us far have been based on a minimum estimate of
return in ultimate development of $16 for each ST
vested
Anyone interested may upon inquiry receive full
etais; title opinion and complete offering sheets on
current purchase.