Maracaibo Oil Exploration Corp. - 1920's-30's dated Oil Stock Certificate - Maracaibo Basin in Venezuala
Inv# OS2180B Stock
Oil Stock printed by American Bank Note Company. Two male figures at each side of a female. Very attractive vignette!!!
Lake Maracaibo is abundant in oil and gas resources, earning it the nickname "oil lake". The first Spaniards to arrive utilized the tar seeping from the lake to seal ship cracks. The Maracaibo oil field was discovered in 1914, the first oil well was drilled in 1917, and large-scale exploitation began in 1922. The oil fields are concentrated in the northeast and northwest of the lake, with oil-producing layers consisting mainly of Tertiary sandstone and Cretaceous limestone. The hydrocarbon-bearing area covers 1,300 square kilometers, primarily located in the coastal waters stretching 105 kilometers long and 32 kilometers wide to the east of the lake.
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.
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