BLACKWATER OIL EXPLORATION

Hokitika Guardian, 23 July 1927, Page 4

BLACKWATER OIL EXPLORATION

'i ’I lio quarterly report of tin* chairman 1 of thp Southern .Mim's Department Corporation, states with repan! to the Blackw.ater Oil Exploration, that a •small staff has been engaged witli a view to the construction of a tramline to transport machinery to the boring sites. The following resolution was adopted by the Murchison County Council : “That on account of the great possibilities of developing a commercial oilfield, this council strongly supports the application of the Southern Mines Development Corporation. Ltd., for a grant- from the Mines Department towards the improvement of the Blackwater Hoad, so as to enable the company to transport their drilling plant as far as Mr Collins’ house. The report of the chairman of the Southern Mines Development Corporation refers to the fact that on July 3th. Mr Herbert Stewart wired front Murchison : “Oil of extremely good quality is being lifted at 2305 feet.” The chairman adds: “The promoters of one of the greatest oil enterprises in the world—the Anglo Persian—gave cabled instructions to their driller ■

to withdraw from the field, after two years in fruitless search. To-day this huge company produces four and alialf million tons.