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Newspaper
Cheyenne State Leader
Location
Cheyenne, Wyoming, United States of America
Date
Oct 02, 1917
Page
13
The Tisdale Oil Syndicate has added 160 acres in Sections 18 and 19, Township 41, Range 80, bringing total holdings to 1200 acres. A Tisdale well in Section 35, Township 41 Range 81 is reported to be entering limestone capping about 80 feet above the Embar Sands, where a large flow is anticipated.
The Tisdale Oil Syndicate with 1250 shares offered at 50 cents each plans to form a company capitalized at 200000 dollars after all shares are sold. Each syndicate share converts to 600 company shares, with treasury stock first offered at 20 cents after drilling begins. The Weber Petroleum Company has proposed a 50 50 development deal, and listing on Denver and Casper Exchanges is expected after formation.
Wind River Petroleum notes rising public interest in its 25c stock after a rapid price uptick on the market. The board stresses the company is an oil venture not a stock play, aims to prevent speculative spikes, and highlights ongoing drilling in the Lander dome with plans for multiple wells and new derricks in Hudson, targeting steady production and dividends.
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