TARANAKI PETROLEUM.
HOPEFUL OUTLOOK. (BY TEkBGaAFH.—SPECIAL Cnftr.RSrnrfniSNT.l New Plymouth, February 19. There were several rumours • about, town yesterday concerning developments at. the Moturoa bores of'_ tlie Taranaki, Petroleiirn Company. The ; statement-: was : made that thirty barrels of oil had been dumped during the" morning, but this lacked : official confirmation. A "Daily Ntm" reportet, who set out specially :■ to investigate, was informed to-night that never in the history of the oompany had things looked as rosy as thoy do now< At- No. 2 boro. from 'four o'olock' on -.■Thursday afternoon to this (Friday) afternoon there were pumped from the bore nearly ten thousand gallons of oil, with an admixture of salty water and silt, the 17,000 gallon tank being two-thirds mil as the result of this run with .the pumps. '-■ The manager' is' reported to have stated that":he would not wish to - be without the amount and"description of water now. in-.the well,' as it was only just .sufficient to keep the well olean'and assist ths. ; ;operations,- and with', good, management' at this stage thor* se«ni3 every prospect of the oil fielu becoming the.■ success that the shareholders; are . hoping, for.
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Dominion, Volume 2, Issue 437, 20 February 1909, Page 4
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189TARANAKI PETROLEUM. Dominion, Volume 2, Issue 437, 20 February 1909, Page 4
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