Word: jatibonico
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...government loan of $150,000 for drilling. Under the terms of last month's decree designed to stimulate development of the island's oil resources, the loan need not be repaid unless the prospectors strike oil. With close to a million acres under lease in the central Jatibonico Basin, where a wildcat syndicate last May opened up the country's first sizable oilfield, Cuban-Colombian agreed last week to drill six 4,000-ft. wells when geological surveys are completed...
...imports some 50,000 bbls. of oil daily (90% of consumption), may soon have its first sizable producing oilfield. A group of U.S. oilmen and Cuban promoters have brought in the country's biggest find, with a well pumping 250 bbls. of good-quality oil in the Jatibonico Basin, about 215 miles southeast of Havana...
...Machado's strong-arm man Major Arsenio Ortiz last week stamped furiously. Than catching and trying nimble rebels, he found it easier ?o shoot and hang any suspected person he could lay hands on. Such last fortnight were three guards of a U. S.-owned sugar mill at Jatibonico. Ortiz had them slaughtered on suspicion. The company's vice president posted off to Havana to protest to U. S. Ambassador Sumner Welles. Soon Ortiz followed, talked with officials and flew back to the Santa Clara front...