Appalachian Petroleum Prospecting Company eyes 24 wells near Salamanca
The firm plans 24 new wells on the Gault lease midway between Salamanca and Bradford to boost daily production by about 1000 dollars. It touts nearby producing wells and power plants, and notes shares may soon trade at par. The issue offers 200000 shares of 1.00 par value in a 3,000,000 dollar corporation with leaseholds of 748 acres in New York Pennsylvania and Kentucky. Officers include Fron Mack Pp atucatowily NY secretary Toh BE. Smith Jamestown NY director and C J Paulson Erie PA director.