Bosque Oil Company Seeks Small Investors for New Drilling Venture
The Bosque Oil Company announces a lease secured and a plan to drill within sixty days. They outline a low capital stock strategy offering shares to friends, with minimal cash outlay and no promoter fees. Partners Mooreana Massey and Norman Smith from Walnut Springs join, promising heavy emphasis on acreage near established fields and personal involvement to assure progress.
MENTIONED IN THIS ARTICLE
Letal Capital
W. M. Sutphen
Secy-Treas
Meridian
Liberty
Bosque Oil Company
H.C. Odle
Tex
H. J. Cureton
Norman Smith
Walnut Springs
Tom Massey
Lease terms reveal risk-shifting on production deals
The document outlines a lease where no payment is made until production is achieved. The company receives the first 20 000 pounds of production before paying the lease seller, with a later 7 16 split of net production after a defined production amount.
Prominent Oil Stock Plan Promises High Returns
Capital stock set at 45000 dollars with 5000 dollars emergency funds. Shares at 50 dollars fully paid. Trustees to be announced, with local prominent citizens liable for duties. Reports of Knowles well yielding over 10000 barrels daily hint at strong profits. projections claim 800 barrel wells could yield 24000 barrels monthly totaling about 54000 dollars. Investors urged to join, asserting prior royalty investments prove high value.
MENTIONED IN THIS ARTICLE
W. M. Sutphen
First National Bank of Meridian
Steck
Antil
Dell
Soine
Magnolia
Merriman
Ranger
Warren Wagner
Merriman Baptist
Acreage and Location in the How Creek Oil Region
The map shows wells northeast and southeast of the Duke field with several producers in the area. The latest reports indicate the Well on the LC Ode farm and a Humble Company well on the Gray farm reaching the sand’s top, suggesting strong production prospects in this vicinity.
MENTIONED IN THIS ARTICLE
Rawwlen
Sankeysstkelley
Herrington Farmi
Duan Salinas
Hand
Skelley-Sankey
J.D. Herrington
LC Ode
Gray Farm
Magnolia, Hoimble
Plains Oil & Gas
Also Mentioned on This Page
Apreenal Altontine
Duke Field
Burkbdrnett
Burkburnett Field
Phan
Ux Moana
Hunt
Dake
B.S. Richardson
Icour
D.herring
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