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Newspaper
Comanche Chief
Location
Comanche, Texas, United States of America
Date
Sep 05, 1919
Page
10
Announcement touts two Desdemona field wells near Comanche Home No 1 and a Mary Elizabeth well, promising production with minimal risk for stockholders. It adds New Mexico acreage potential, claiming holdings could rise a thousandfold if a well is completed, framing the offer as high return with low risk.
The text outlines Lease No 1 on five acres near the Comanche Home Oil Company well on the A Brown farm in Desdemona and Lease No 2 on five acres within 800 feet of that well, both deemed absolutely provent territory. It mentions Lease No 3 covering 10000 acres in Northeastern New Mexico on the Dawson Railroad, notes drilling on the first location in the Duke field, claims no stock sale delay, reports new drilling tools, and states one producer well with plans to drill the next soon. It adds an offer of 300,000 shares at $1.00 each with reserve to raise price anytime.
Our New Mexico Holdings outlines a 10 000 acre San Miguel County lease near Dawson Railway with two favorable geologist reviews. The plan calls for a test well by November 15 and cites strong prospects in northeastern New Mexico, citing nearby Comanche Home Oil Company wells and extensive lease interest from major operators.
The document promotes two proven Texas wells delivering solid returns and a 10,000 acre New Mexico prospect with potential for record profits. It argues stockholders face no loss risk while expressing confidence in a pioneering, high payoff oil field venture and emphasizes safety, sound investment, and large future gains.
The notice states the right to raise the price of Shares without notice and to reject all over subscriptions.
The Comanche Home Oil Company No. 2 pledges to drill three wells on specified tracts in the Desdemona field and New Mexico Acreage. After completion, 75 percent of net production proceeds will be paid to stockholders every ninety days, with the remainder reinvested in development and acreage. There are no salaried officers until production is secured.
The company aims for productive acreage in the Stephens County oil field and has engaged E. T. DeArman as Field Manager with fifteen years drilling experience. DeArman, a stockholder in Comanche Home Oil Company No. 2, has hired top drillers and ordered a full tools string and casing for a New Mexico well, intending to equip it with the best available gear owned by the company.
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