Word: rothbart
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Dates: during 1950-1959
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...business has anyone accomplished the job we are doing today . . . The whole industry is talking . . . This venture is for ALL and not for a few who would like to cut the little fellow out." It sounded so good that one investor, a Chicago accountant named Irving Rothbart, whose family had put up $155, 500, decided to sell out his business for $10,000 and become a full-time oilman. He went to Wiggins on the promise of a fine home and a high-paying job with the new company...
...Rothbart got a shock. Instead of the promised "palatial residence," he and his wife were ushered into a dilapidated shack. Operations at the well were fenced in and guarded by men with shotguns. When Rothbart finally was allowed in, what he saw worried him even more. The drill cores brought up from some 17,000 ft. were not soft, oily limestone but dry, hard rock. After Vasen refused to have a laboratory analysis made of the cores, the Rothbarts asked for their money back. When they did not get it, they went...