Appalachian Petroleum Prospecting Co Offers 8 Percent Guaranteed Returns
The Appalachian Petroleum Prospecting Company promotes a $50,000 stock issue with a guaranteed 8 percent return staged from early well production. It outlines a network of service stations across Corry, Salamanca, Union City, and expanding toward Olean, Jamestown, Westfield, Dunkirk, and Fredonia, financed by wells in Allegheny and Cattaraugus counties, plus Pennsylvania and Kentucky leases. The plan includes drilling six new wells with expected daily production and claims collateral to secure investors, naming officers and contact offices in Corry and Jamestown.