OIL BORING.
A BIG BLOWrOUT. r t" e-s ACTIVE OPERATIONS. PRESS ASSOCIATION New Plymouth, last night, There was a big blow-out of oil at the TaranaUi Company’s Birthday well today, the pressure bursting the heavy staging blocks holding the top of the pipe column, To oope with these frequent breaks away, the directors to-day decided to ereot two additional reservoirs of four and two thousand gallons oapaoity respectively. Oil and gas is now freely emitted from No. 2 bore, which is down 1750 feet. The cleaning out of the old No. 3 bore is proceeding apaoe, and oil is showing freely. The staffs are at present working from 4 a.m to 6 p.m. Electric light is being installed, and work thereafter until the wells are bottomed will be continuous,
Everything is ready to start boring at No. 4 bore early next week. Two boring plants for other concerns arrived to-day. Bonithon estate is to be pro3peoted right away, and Ngaire swamp, Eltham, in about a fortnight. The Inglewood Company and Taranaki Freehold Company are also completing arrangements with boring firms, in addition to which several private ventures are about to oommenoe.
The local share market is very aotive, stimulated by indications at the Taranaki Company’s bores. Mr G. C. Fair, manager of the latter oompany, is seriously ill and has not improved after a critical operation,
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Bibliographic details
Gisborne Times, Volume XXIV, Issue 1941, 24 November 1906, Page 2
Word Count
226OIL BORING. Gisborne Times, Volume XXIV, Issue 1941, 24 November 1906, Page 2
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