Keta Gas and Oil Corp. - 1950's dated Oil Stock Certificate - Relating to Swan-Finch Oil Corp.

Inv# OS1944 Stock

State(s): Delaware

Years: 1955 or 1956

Color: Green or Orange

Stock printed by Security Banknote Company. Available in Green or Orange. Please specify color. During the early 1950s, Keta acquired leases in several potential natural gas formations in Pennsylvania and drilled several mediocre wells. It continued to hold oil, gas and mineral rights (not reserved by the original grantors) and leases through its subsidiary, Keta Gas and Oil Company through 1955. Acting on a shareholder vote to liquidate its assets, Keta's directors valued its 114,000 acres worth of fee rights and leasehold interests at $1/acre and sold the company to Swan-Finch in 1955. Shareholders received one share in Swan-Finch for every share of Keta and were granted a pro-rata underlying royalty of 40% in certain fee properties held in Lycoming County.

The infamous Lowell Birrell acquired Swan-Finch and used Keta's paper assets to confuse the balance sheets of his other companies in what was considered one of the greatest stock manipulations of the 20th Century.

The Original 52,636 Fee OGM Acres Owned by USLC and Held by Keta Were as Follows:

Cameron County (Lumber) - 55 Acres

Cameron/McKean Counties (Wharton) - 3,500 Acres

Potter/Tioga/Warren (Ulysees) - 25,854 Acres

Tioga (Sabinsville) - 374 Acres

Tioga (Westfield) - 825 Acres

Lycoming (Pine, Jackson and Cogan House) 7,450 Acres

Lycoming (Brown and Pine) 1,042 Acres

Lycoming (Cascade) 11,287 Acres (3/4 Interest)

Lycoming (Anthony) 1,280 Acres

Sullivan (Forks) 779 Acres

Bradford (Towanda) 190 Acres

Read more at https://en.wikipedia.org/wiki/United_States_Leather_Company#Keta_Gas_%26_Oil_Corporation

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Condition: Excellent

A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.

Item ordered may not be exact piece shown. All original and authentic.

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