THE OIL INDUSTRY.
TARANAKI PROSPECTS NEVER BETTER.
On Saturday , morning the following tolegram was received from Mr. J. D. Henry, adviser to the Taranaki Oil Wells, Ltd.-.—"Statement that I frankly viow Taranaki oil situation as critical not correct. On contrary, consider prospects never brighter." In reply it can only be stated that Sir. Henry did state io our representative that tho situation wj# critical, buta mistaken- impression appears to have been created by the use of the word. _ _ Mr. Henry, howover, used the word "critical' in iiho sense that at the present timo there were several companies actively engaged in drilling on the bestlines, and that if none of them struck oil it would practically put the industry back for many years, if not for all time. Thait all this drilling is proceeding at the presem time (thanks to the enterprise of the Taranaki Oil Wells, Ltd., in erecting a refinery) justifies Mr. Henry in stating that prospects were never brighter, in'o boring of to-day was being better and more scientifically done than that of any other period: and the prospects, therefore, were better than ever before.
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Dominion, Volume 6, Issue 1819, 4 August 1913, Page 5
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187THE OIL INDUSTRY. Dominion, Volume 6, Issue 1819, 4 August 1913, Page 5
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