This Psychic Reading given by Edgar Cayce at his office, 322 Grafton Avenue, Dayton, Ohio, this 13th day of June, 1925, in accordance with request made by Mr. M. B. Wyrick.
P R E S E N T
Edgar Cayce; Mrs. Cayce, Conductor; Gladys Davis, Steno.
R E A D I N G
Time of Reading 11:50 A. M. Dayton Savings Time.
1. GC: You will give us the condition of operations at the present time, telling us how many more days it would be necessary to finance the proposition and how much money it will take, or any other information that would insure the success of the operations, giving the depth in feet from the top of the hole to the present depth now drilled, and how far from there to production.
2. EC: The conditions as surround the operations at the present time are very good. There are more indications of the nearing of the production as sought.
3. The tools as we find have recently given some troubles, on account of conditions as are created in drilling in portions of the hole, through hard formations in strata above the present depth of fifty-three thirty-eight (5338), we find there the hole some smaller, causing some trouble with the line, also with baler, in operation. This, however, we find will not give much further trouble, for with the next fifty-four (54) feet they will encounter that stratum wherein the break will be of sufficient nature to allow the production to come in through this hole being drilled.
4. In conditions surrounding this, we find production on two sides and just below where being drilled. In any of these hard formations there may be produced production, by the opening of the pressure, or releasing of pressure, through opening to the present hole.
5. Drill then to the depth of the fifty-four two (5402). We should encounter the production. This should be made in drilling time in the next forty-eight (48) to four (4) days, depending upon the weights necessary on account of outside conditions.
6. The amount necessary, then, exclusive of that expended in preparations for the continuation of operation at the present time, would be at the rate of ten and a half ($10.50) dollars per foot. These are the conditions as we find regarding these operations.
7. We find there should be sufficient of the production to overcome the conditions, even at the depth drilled.
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Continue in this so long as we have the possibility through the structure as is being drilled in the form of the shale and the oil bearing shale as is being encountered, with the blacker line and cap or heavy lime, in which oil may be entraped.
8. We are through for the present.