TARANAKI PETROLEUM.

Dominion, Volume 2, Issue 401, 9 January 1909, Page 6

TARANAKI PETROLEUM.

"- SUPPLY APPARENTLY LARGE, --v (BY TELEGRAPH—PRESS ASSOCIATION;) . '■". New Plymouth, January. B.'■; ..•■The chairman- of the Taranaki. Petroleum .Company- supplies the following . reportrOh resuming work' ; on- .January! , 4.. .at ■No.- ; ;2 :;:'_hqre: >,'it .' was )lf6und' J ■oil haH-risen-'in"the casing, to' within'.'about 100 fSet/frpm the top. The':work' some': bf : this oil-out with the : therefore ,put in hand, .'with . the, result that, on Monday, twenty-five barrels were taken out. On.Tuesday twenty barrels were .lifted," and -on'Wednesday'ten barrels, only ,were. taken as the two big :tanks-were fuli,'. : ahd'it was' found necessary:to caskiup, a lot.'. On Thursday the work of',splicing the cable, etc., :in readiness .for drilling -was proceeded with. On Friday, morning. the Toil "bad "again. risen some 200 feet, so about ten or elevon casks, were/taken off. " This.-, lowered the oil. but little. The gas, which;,wa? very strong, sent a considerable quantity of sand with theoil. It was, decided to proceed with the .drilling so to get down to the expectedrbig vein as quickly as possible; .No.'. 3 bore is ■now entirely clear}' and it is '.'expected that by about Tuesday -night,, a.' strinsc-of > casing.' will be.. dow'n, t which.. it - is : .hoped .will- shut off the water.' ?.:,,, ... . .■ , .

. The directors ;at" last night's meeting., Mr. solved.to;'make'. : provision at N0.'.3-boreiin\ case .of striking a largo flow' of-oil loverdown. For this.purpose more casks, are to be procured, and .the ~ chairman, .vice.-chairr; man, . and the manager appointedva committee to. consider ithe" question, of. pro-,. Tiding. still further tankage. This may .take' ,th'e_ • form', of .'a large, excavated .tank; roofed m. and ; covered on top ' with clay or. earth, so as .to prevent the evapora-i tion of the spirituous parts of the product. These .earth tanks are largely used in sia and,other parts of the world.