Word: dysart
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Dates: during 1950-1959
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...southeast of Ambrosia Lake. But no one struck it rich in Ambrosia Lake until 1955. Then a young (31) Texan named Louis B. Lothmann came in with a $10,000 grubstake, two years of college geology and a hunch on where to look. He teamed up with Septuagenarian Stella Dysart, an oil wildcatter, who knew every corner of the 72-sq.-mi. area from her 30 unsuccessful years of oil hunting. Using Stella's drilling logs of rock formations and a rickety, secondhand rig, Lou Lothmann cut down 360 ft. into a 17-ft.-thick seam of uranium...
Dividends. For the prospectors who uncovered its wealth, Ambrosia Lake has already started to issue dividends. Lou Lothmann sold out his original interest in the Dysart land to Rio de Oro Uranium Mines, Inc. for $200,000 in stock. Stella Dysart sold part of her share to Rio de Oro for $300,000 in stock, still holds a 12?% royalty interest...
...about half the U.S. total. But Ambrosia Lake's mining men are plowing up surrounding areas in search of more ore. Floyd Odium's Lisbon Uranium Corp. is prospecting around nearby San Mateo Dome, and Superior Oil Co. (California), has struck ore 30 miles west of the Dysart mine. When atomic power becomes a commercial reality, dusty Ambrosia Lake expects to have a permanent base for its newfound prosperity...