SHARE IN ALASKA'S
DEVELOPMENT
—■ MESSAGE FROM
Alaska Oil & Gas Development Co.
INCORPORATED IN THE TERRITORY OF ALASKA - ANCHORAGE, ALASKA - 2,500,000 SHARES
These securities are offered pursuant to an exemption from registration with the Securities and Exchange Commission. The
Commission does not pass upon the merits of any securities nor does it pass upon the accuracy or completeness of any
offering circular or other selling literature.
Exploratory activities in Alaska by major oil produc
ers have confirmed the opinions of Alaskan developers
that "Oil might flow" at Eureka when finances for such
development become available. Such technical and pro
fessional encouragement should stimulate the imagination
of Alaskans and others who are concerned with the stabil
ity of the country and the advantages that will come from
a new and important industry. A producing oil field in
this area means refineries, pipelines, community develop
ment and permanent year around payrolls. It means cheap
fuel to bring other new industries; gas for heating and
cooking and lower transportation costs for the entire Ter
ritory by reason of a southbound back-haul of exportable
petroleum products. Oil in the interior would mean a
rebirth of Alaskan economy.
There are known oil and gas seepages along the north
ern Arctic coast and at Kaialla-Yakataga on the southern
coast as well as in regions of the Alaska Peninsula. Be
tween 1904 ar.d 1903 approximately 154,000 barrels of oil
were produced in the Katalla field. Although it is widely
believed that the strong seepages on the northern and
southern Alaskan perimeters are from localized pools
there is also evidence that they could be migrating streams
of oil from distant pools.
ESTIMATED EXPENDITURES FOR 1953
Complete Drilling Equipment
Freight, Tools, Trucks, Casing, etc. $196,000
Management & Engineering . 20,000
Road Work to Make Location . . 15,000
Office Printing and Advertising 5,000
Legal and Accounting . 5,000
Transportation, Equipment and Travel 6,000
Cash Commission on Stock 30,000
$277,000
Drilling Operation for 1953 23,000
$300,000
closely allied with those existing in the Cold Bay and
Cook Inlet regions where tests previously made have
shown the presence of petroleum.
There are probably very few Alaskans who could buy
shares in a producing oil well. Once oil is discovered the
opportunity for investment is beyond the capacity of the
small investor. The exploration and development stages
afford the average man the only chance he might hope for
in acquiring an interest in petroleum production. It is a
certainty that common stock will never be offered at $1.00
per share when oil begins to flow.
The incorporators of the Alaska Oil and Gas Develop
ment Co. are prominent Alaskans who have resided in the
Territory for many years and have contributed much to
its development and progress by reinvesting in its future.
They are men of high reputation and stability intent upon
bringing a sound economy to Alaska through development
of natural resources. Their program for the Eureka-Nel
china area is a genuine drilling project to produce pe
troleum products and is not an ordinary stock promotion.
All revenues from the sales of common stock are pledged
to actual drilling with no financial returns to the incorpor
ators until a producing well is brought in.
C. F. (Tiny) Shield, President and General Manager of the newly formed
company, has been identified with oil drilling operations in major fields through
out the country for many years before coming to Alaska in 1925. In that year he
drilled wells at Katalla and immediately became impressed with the oil potentials
of Alaska. After many years of exploratory travel throughout the Territory and
cataloguing numerous, promising structures and formations he is convinced that
the greatest possibilities for oil developments exist in the Eureka-Nelchina area.
The incorporators of Alaska Oil and Gas Development Co. now have lease from
the government 51,200 acres. Application is being made for Utilization of this acreage
for the benefit of the corporation. No specific location for drilling has been desig
nated yet as the company is committed to a policy of drilling only after thorough
study of the surface geology. This acreage is readily accessible to transportation.
$300,000 will be required for equipment and drilling operations for 1953. This money
will be obtained through the sale of common stock in the company at $1.00 per
share ,non-assessable.
Although a complete geological survey has not been made there has been an
exhaustive reconnaissance made by the United Stales Geological Survey in the
year 1918 under the direction of Theodore Chapin. The exposed sediments are
An investment in this enterprise is a forward step toward an Alaska that
will bring prosperity and assurance to all who intend to remain in the Ter
ritory. Each stock certificate issued will be for a minimum of 100 shares. Down
payments can be made. We invite your inquiries in regard to this enterprise.
Address communications and make checks payable to Alaska Oil and Gas De
velopment Company, P. O. Box 2000, Anchorage, Alaska. Office at 260 Central
Building.
The company began it public offering in reliance on the intrastate exemp
tion from registration with the Securities and Exchange Commission. The intra
state exemption requires no filing with the Commission. When the corporation
later wishes to extend the sales of its securities to areas other than the
Territory of Alaska, it learned upon inquiry that such extension would result
in an unavoidable contingent liability against the company in the amount of
all Alaska sales made within one year prior to the beginning of the offering to
non-residents of Alaska. At present, this liability amounts to $18,750. The liability
will expire January 21. 1954.
Your participation in this enterprise can mean a better
Alaska DOH'T WAIT!
OFFICERS
C. F. SHIELD, President and General Manager
N. F. NELSON, Vice President
Wm, A. O’NEILL, Secretary and Treasurer
DIRECTORS
CARL WILLIAMS C. F. SHIELD
P. L. PARKER N. F. NELSON
Wm. A. O’NEILL