1674-11 Lummus John Newton J. IV.1-LININIWO.1-,IGS1lIetit
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?� `, THE LUMMUS INVESTMENT COMPANY
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' CAPITAL $25,000.00
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--J I MIAMI BEACH, FLORIDA
Report of J. E. and J. N. Lummus. North Louisana Oil Operations
December 23, 1919.
Cost of Rig complete x;28,134. 59
Cost of Casing for Flell 9 ,108.74
Cost of Labor to December 31 , 10 ,873.75
Cost of Leases 3,952.75
Cost of Liability Insurance 634.50
Cost of Fuel 1 ,997 .57
Cost of Derrick ;4-7- 946.42
Cost Miscellaneous 1,591.54
Cash on hand 2,760.14
Total $60,000.00
Commercial Bank Arcadia 89 .00
First National Bank Arcadia 1 ,671.14
Southern Bank & Trust Co. Miami, Fla. 1 ,000.00
Total $ 2,760.14
Cash paid in J. E. Lummus and J. N. Lummus 4P60,000.00
CC 1,003 : r0,OOC
Incorporation papers will be out in about ten days then stock will
be issued to Carl G. Fisher 100 shares
Gaston Drake ' 50 shares.
At that time $17 ,500.00 in cash will be added to the fund. I am
quoting telegram from head driller just received .
"Dont see any chance to get junk out of well will either have
to side track or quit the hole have been in touch with the man to
shoot the well , he charges one hundred ($100.00) dollars for a for-
mation shot wire me at once what to do. " ( Signed ) L. Bertrand .
It looks like we have lost the hole , we will plug it and shoot •
the well in the sand rock at 2223 feet and we may get a well yet ,
could not afford to shoot until we had attempted to go to a depth of
3000 feet. If we loose this hole we can drive another well for the
money we have as we know where to go and we can shoot and save the
most of the casing.
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