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Newspaper
Comanche Chief
Location
Comanche, Texas, United States of America
Date
Sep 12, 1919
Page
10
The notice promotes investing in Comanche Home Oil Company No 2 with two Desdemona field wells near Comanche Home No 1 and a Mary Elizabeth well, plus New Mexico acreage offering potential large profits. It claims no risk of loss and big returns for stockholders.
The notice outlines lease details in Desdemona and Dawson areas with five to ten thousand acres in New Mexico. It states drilling has begun on the Duke field with a producer found, a stock offering of 300000 shares at $1.00 each, and reserve to raise prices as work proceeds.
The firm outlines ten thousand acres of San Miguel County leases adjacent to the Dawson Railway near Artarque. It notes proximity to rail access for cheaper development and oil handling, cites geologists Matteson and Adams endorsing the land, and forecasts a major new oil field in northeastern New Mexico. It plans to drill a test well by November 15 and emphasizes strong company belief and vast future potential.
The company promotes safety and high profits from two wells in proven territory and a 10 000 acre New Mexico field. It claims no stockholder risks loss and anticipates wells larger than Texas field counterparts, asserting potential to create a major oil enterprise with pioneer status.
The Comanche Home Oil Company No 2 pledges to drill three wells on a five acre Desdemona field lease and a fifty fifty allocation on another five acre tract between two existing wells. The near term output totals 8200 barrels daily on two wells plus a deep test in New Mexico Acreage. After completion stockholders receive 75 percent of net proceeds every ninety days, with the rest reinvested. No salaries for officers until production is secured.
The firm reports production plans in Stephens County Texas and aims for desirable acreage in the oil field. E T DeArman is named Field Manager with fifteen years drilling experience and recent work for The Texas Company on contract rigs in Stephens and nearby counties. He is a stockholder in Comanche Home Oil No 2 and has hired top drillers, ordered a full tool string, and casing for a New Mexico well to ensure the best equipment and operation.
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