THE GISBORNE OIL WORKS

Ashburton Guardian, Volume VII, Issue 1654, 5 September 1887, Page 2

THE GISBORNE OIL WORKS

4 Gisbobne, September 4. Very keen Intercut has been aroused here by the development regarding oil, and the next movements to be made are awaited with eagerness. Mr Fleming returni at once to Sydney via Auckland, and la confident of being able to form m three cities a company to lay down a lino of pipoa to Giaborna, and another to eraot a refinery here. For each purpose about £10,009 will ba required. Pamping plant is to bo obtained Immediately. Mr Fleming aaaerts that within one year there will be many borea down, and a pipe line and refinery be m full work ; and the Minerva Company, which has full plant on the ground, and has been waiting for the results of the South Pacific bore, has deoided to start boring immediately. It is understood also that a Ohristohuroh Company, which has a lease on the Waipawa run, will get boring plant and start work. The South PaoiGo Company has a lease of 6000 ncreo, part of whioh it will now sub-lease to othors, the Company taking a royalty on the oil obtained. The advantages both Indireofc and direct of the oil industry here must be enormous. The oil found is worth for lubricating from 6s to 10s a gallon (sic), being simply unsurpassable as a lubricator. There is a strip of country eighty miles long and ten miles wide, m whioh there are small springs of oil and gaa fissures at small intervals. The prospect of nuccoßs has made everyone hopeful. There has been a total of £70"000 spent m boring for oil here during mo last thirteen years and there has been a long series of huge difficulties to overcome, acoldents always happening just when suooeßs seemed to be oloso at hand. The Pacific Company has applied to the County Oounoil for permission to lay a p'.pe along the toad so far as the road goes, It it believed tht laying of the pipas w|]| Uko pJicq tTQ moqthi after »ulv*l