OIL AT INGLEWOOD.

Dominion, Volume 6, Issue 1815, 30 July 1913, Page 9

OIL AT INGLEWOOD.

THE INGLEWOOD OIL BOIUNG AND PKOSI'ECTINCf CO., LTD.

One of tho surprises to the visitor to Taranaki is tho extent of the area over which oil-boring operations are being conducted. The erection of a refinery at Moturoa seems to have stimulated effort in this direction, na now all those who can tap a flow, be it only a barrel a day, will have the means ready (o hand to have it refined, and so made marketable. Among the enterprises outside of the New Plymouth area altogether is tho Inglc-

Lord lianfnrly has been chairman of the company since the timo of i!s formation, and, haviinr visited tlio oil field, has been able to render valuable assistance in many ways, but chielly in securini; the quick and sale despatch of the refinery plant and machinery fro 111 .Scotland to the Dominion, T.urd Itanfurly was for seven years Governor of .New Zealand, and is keenly interested m tho new oil rclining industry.

wood Oil Boring and Prospecting Co., Ltd. This company has an authorised capital of ,£10,(101). .CU7SO of which has already been called up, and owns boring options over 16,000 acres of likely land situated at Inglewood and Mokau, and a limited area at Moturoa adjoining the refilling works of the Taranaki Oil AVells, Ltd. Tho company imported a good drilling plant from the Oil M'ell Supply Co., of Pittsburg, U.S.A., and has already sunk a boro (o a depth of 2500 feet at

Norfolk Road, about faur miles from Inglewood. During the boring operations there wcro frequent emanations of petroleum gas, indicating the presence of petroleum at no great distance. Though boring _ operations were suspended some little time ago, the well is still "passing." Mr. L. Alexander was tho first chairman of this company, and on his resignation about three years ago Mr. J". Furlong, of New Plymouth, was appointed fo the position—one which he still occupies. Negotiations are being conducted with some English financiers with a view of increasing the capital of tho company, and recommencing drilling operations on 0110 or moro of tho company's properties 011 a larger and belter scale. The company Ims under option a really fine lot of land for prospecting, and stands in well with the rest as to chances of striking a payable petroleum flow.