138
THOMSON'S MANUAL
EARNINGS, Fiscal Years Ending March 30
Gross Income Expense Depreciation
*7,5649,899 $5,999,296 $112,029
7,819,307 6,181,420 115,512
,181,227 6,678,128 103,009
3,107,141 6,802,127 99,653
a 7,735,458 5,847,075 103.645
*»*TIVE BALANCE SHEET, As of March 31
930 ‘929
396,516 114,999
861,039 £4,984
278 211 168,178
Year
1926 eens
927.
LOZ]... ..ocnnnnnminisinas
1930. eae
ASSETS-
co
TABI wnvvensresmmssrssspins
Accounts Receivable _.....
[nventories .occccceeceen.
Total Current Assets........ooooooreceeenaaad
Unexp. Contr. less kist. Cost (contra)...
Long-term Notes . onmmmmnmen nn SHE
[nvestments .occeeecraeennt emeanememmnemaee Ry
Plants and Equipment... 3,9. ,406
Deferred Assets ........ . eesman emma Ze”, 8
Leaseholds ... eeeeeeeeee 5,062,610
eeeeeeeraneeee- $16,419,043
ra
ie
a. oo, «0
,017,532
“7.103.457
LIABILITIES—
Current Liabilities .. enmnne
Deferred Liabilities .....ccco.....
3tock Subscriptions oie
Preferred Stock ........ emma = .
Common Stock ......
Barned Surplus oes
Deferred Surplus (contra).............
TOTAL LIABILITIES .......
Net Working Capital ieee
Ratio, Cur. Assets to Cur. Liab. ............
Book Value Common sharesS.........cceeoeeeeeoe. Lee.80
After providing for retirement of Preferred at $110.
392,254
186,391
*95,600
“5,600
ETO
AEE [a
Net Profit
$1,445,674
1,522,375
1,400,090
1,205,361
784,738
1928
§ 243,039
1,002,031
302,572
3 1,647,643
5,359,417
71,974
57,448
3 889,020
264,362
5,944,786
$17,134,653
440,713
169,141
1,568,300
1,668,300
3,085,750
3,475,080
5,359.417
$17,134,653
1,106,930
3.5:1
$24.60
FULTON PETROLEUM CORPORATION
GENERAL OFFICE: Seattle, Wash.
HISTORY: Incorporated under laws of Delaware, July, 1929, succeeding Fulton
Petroleum Corp. of Montana, organized in 1927.
BUSINESS: Company owns and operates oil properties and also holds stock in
subsidiary producing companies.
PRODUCTION: During fiscal year ending June 30, 1930, company produced 115,-
796 bbls. of crude petroleum, which was sold at an average price of $1.88 per bbl
PROPERTY: Company owns 940 acres in the Pondera Field, Pondera County,
Montana, 8 miles southwest of Conrad and midway between Great Falls and
Shelby.
On Dec. 31, 1929, a total of 14 producing wells had been brought in, with
aggregate average daily production of 400 barrels.
Company has driven 8 offset wells and announces intention to sink 60 more
wells in proven locations.
SUBSIDIARIES: Carbon Dioxice & Chemieal Co. Control of this company was
acquired in November, 1929. Property is known as the Farnham Dome, a tract
of 4,800 acres, located’ 138 miles southeast of Salt Lake City, Utah, on the D. R.
G. & W. Ry. While prospecting for oil on this property in 1921, non-combustible
gas was discovered at a depth of 3,086 feet which was reported to be carbon
dioxide, 98.3 pure. The well was plugged after failure to discover oil.
It is now the program to develop production of carbon dioxide gas commer-
cially for use as “dry ice” for refrigeration purposes. There is said to be a
ready market for the product, 90% of the present supply being produced arti-
ficially from coke.
Pondera Pipe Line: Company owns % interest in this line, which carries crude
pil from the Pondera field to rail connections at Conrad, Mont.
GENERAL AUDITORS: Geo. V. Whittle & Co., Seattle.
Fiseal Year Ends: April 30.
Par Value Authorized Qutstanding
$1 250.000 shs 250,000 shs
Details: Capitalization of original
company was $200,000, which was raised
without promotion expense. In July,
1929, when the Montana company was
jissolved and the present company
‘formed, the capitalization was placed
at 250,000 no par shares, 200,000 of
which were exchanged for the assets
»f the Montana company.
Dividends: During fiscal year end-
ng April 30, 1930, company paid 10c
yer share on stock outstanding.
Price Range: *1930 1929
TIEN. weneevmmrinsssmssssipspeeniommmssmnet 14.00 15.40
TIOW eeeoeeeeeeeeeaenennannnnnenneee 6.TB 3.50
"Ta June 30.
