PETROLEUM
[(Special to Times.)
Wellington, last night. Mr J, Petrie, of Wellington, general manager of a syndicate that intends
prospecting for oil in the Taranaki district, and Mr A. J. Way, an American expert, leave on Saturday to secure a suitable boring plant. The syndicate has purchased the Bonitkon farm of
ivvelve and a half acres for £6OOO. It
is understood that Dunedin, Christchurch, Wellington, and Auckland commercial men who have put up a capital of £IOO,OOO are interested in the venture. The farm is near the oil run as already located. On returning from Sydney Messrs Petrie and Way will leave for America, and will bring back with them £LO,OOO worth of up-to-date boring plant from Los I Ange'os, Mr Way, with whom I had a conversation yesterday, speaks very hopefully of the Tarauaki oil field as a whole.
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Bibliographic details
Gisborne Times, Volume XXIII, Issue 1842, 24 August 1906, Page 2
Word Count
140PETROLEUM Gisborne Times, Volume XXIII, Issue 1842, 24 August 1906, Page 2
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