This psychic reading given by Edgar Cayce in New York City (?), this 21st day of June, 1921.
P R E S E N T
Edgar Cayce; G. K. Nicodemus, Conductor; (?), Steno.
R E A D I N G
Time of Reading Unknown.
1. GKN: Property of W. W. Townsend Estate, located in Putnam and Marion Counties, Florida, Township 11, 12, 13, 14, Range 25 and 26. Tell us, Mr. Cayce, if there is any oil or valuable minerals to be found on this property in paying quantities, and if so where?
2. EC: Yes, we have it here. We have various formations on this property here. We find some oil in paying quantities in different parts of the estate, some not in paying quantities on account of depth we have to do. Some paying in the short time it lasts. Where the formation by changing in contour which will come later, that will be to the advantage of those owning and controlling the property now.
3. At present the Eastern part of Section 28, Range 26, if this is developed, oil will be found in paying quantities, at from 960 to 1400 feet. Production will be sufficient to pay. This will be found along the ridges and where gas formation is such as to make the erosion in the surface. Trinity and ...[missing word(s)] is sufficient to hold oil. To South or Southern part of Range 26, township 13, is the formation where the changes are not sufficient to operate now. North and West Range 12 and #1/2 of range 25, Section 14 and 27, which come in conjunction, at 1600 to 1800 feet, will prove sufficient to pay. This will be easier to operate on account of location and less water than 26 and 12, Section 28. The oil will come at 500 barrels flush production and settle down to 300 barrels, and run a long time, 42 gravity oil. It will last some time if properly handled. It will be a sand bearing oil after flush settlement formed and this must be kept properly cleansed.
4. Township 12 and East part Range 25 we find some valuable phosphate, not a large deposit, but very good, running 60% to 70%. Serial analysis 3/7% phosphorus, 10.15% lime, at a depth of 6 to 8 feet overlap. In all an area of 42.1 acres, carrying a deposit 110 to 116 thousand tons, and from this also a deposit of oil dipping to the East.
5. There are no other minerals of paying quantities on this property. There is some fuller clay in some portions, and
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in the lower Western portion good Potters clay, but would not pay now. There is some gold in different parts, several places where it shows but not sufficient to pay.
6. The exact location of the first well is just to the Northeast of the Southern half of Se 1/4 of Section 28, Range 26 in Township 12, just between two very prominent hills where they cross the logging road. In drilling use star of standard rig. The log of well is 36 feet or sand and earth, some shale and clay, 50 to 70 feet water sand, very little water 6 to 8 feet. At 69 to 70 feet showing of gas carrying shale and water. 80 to 90 feet shale changing to black and lime 200 feet. Not hard drilling. Again showing of water, 300 to 330 feet we find artesian water, which should be cased and is warmer. 1200 to 1300 feet we have oil, 500 barrels at first, reducing to 300. Further to the east sufficient showing of oil to pay at a depth of 960 to 1001 feet. This is more accessible, better and easier to handle.
7. A change of contour spoken of in the beginning should come about 1929.
8. The extent of oil on this property is for a distance of from 12 to 14 miles, then a break. Runs from Northeast to Southwest, and then the break follows the ridge rather than the water courses North and Northeast, then West. The time to start development is when they want oil.
9. (Q) Give us the exact location of phosphate on this property, Mr. Cayce, and where to start excavation? (A) Township 12, Range 25 Southeast of Southwest of Section 22, extending over part, or more in Southwest quarter, is the largest, and most of the deposit you will find in this. There is some smaller deposit in some other places, some that is further down in Township 13, Range 25, in the East of Section 3. This we have given here is the larger place, overlapping from 6 to 8 feet. The grade of this is very good. And in Range 26 and in Township 11, between 11 and 12, lying closer to the river [word(s) missing]. This is not as high grade as we have in the Western part of this land but is sufficient to pay to operate, and large enough area to be useful if properly mined or handled. This lies in Township 11, Range 26, and is close to the river.
10. (Q) What section is this in, Mr. Cayce? (A) The Section where 11 Townshipline and Range 26 crosses close to the river in lower edge of Township 11.