Time Clock, Nov. 7, 1955
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JORDAN OIL LANDS will soon be opened up to U.S. oil prospectors. California Oilman Edwin Pauley has signed a 55-year agreement with the Jordan government which gives him the right to prospect one-third (12,659 sq. mi.) of the Middle Eastern nation in return for a 50-50 split on any future profits. If the deal is approved by Jordan's Parliament, Pauley will send in the first prospectors within two months.
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