MOTUROA OIL.
PLEASING PROSPECTS.
(Peri Fwss Association.)
New Plymouth, last night.
A special meeting of shareholders in the Moturoa Oil Company to-day was very largely attended, holders being present from Auckland and Wellington. In accordance with the directors’ eoheme it was unanimously resolved tr liquidate the present oompany and reconstruct a new [ company under the name of the Taranski Petroleum Company with a capital of £120,000 in one pound shares, shareholders in the Moturoa Oil Company to receive fifty six thousand fully paid-up ordinary shares A start was made this morning with tbe erection of a new derrick on the prison reserve, where the next bore is to be Buok. Visiting shareholders to-day were more than pleased wi'h the demonstrations given at the working bore. I A few Bhare transactions are still taking place at £57 to £52.
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Bibliographic details
Gisborne Times, Volume XXII, Issue 1760, 29 May 1906, Page 2
Word Count
138MOTUROA OIL. Gisborne Times, Volume XXII, Issue 1760, 29 May 1906, Page 2
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