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Newspaper
Cheyenne State Leader
Location
Cheyenne, Wyoming, United States of America
Date
Oct 02, 1917
Page
5
The Tisdale Oil Syndicate has added 160 acres to its core holdings, bringing total acreage to 1200 in Sections 18 and 19, Township 41, Range 80. A Tisdale well in Section 35, Township 41 Range 81, reportedly reaches limestone formation about 80 feet above the Embar Sands, signaling a major flow potential.
The 1250 unsold syndicate shares are offered at 50 cents each. After disposal a $200000 company will form and convert each syndicate share into 600 company shares at 10 cents par. Dr. Howard Weber's group and other partners will drill soon with a treasury stock offering at 20 cents. The stock will be listed on Denver and Casper Exchanges within about 10 days.
Wind River Petroleum reports high investor interest with 230 000 shares traded at 25 cents after close of business. Management cautions against market manipulation and emphasizes oil production over stock profits while outlining plans for wells in the Wind River and Hudson fields and continued property development.
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