THE QUEST FOR OIL.

Hauraki Plains Gazette, Volume XXXVI, Issue 4910, 2 December 1925, Page 4

THE QUEST FOR OIL.

BIG SCHEME UNDER WAY. SURVEYS' OF NORTH ISLAND. During the past eighteen months a strong financial company has been making extensive surveys of petroliferous lands in several parts, of the North Island, more particularly in the Gisborne and Taranaki districts. Large s-umis have been spent in engaging the services of geologists from the United States of America, from where the crews used in drilling operations also hail. ■ It is understood that as a result of overtures that have been made lately, the company has decided to engage a number of New Zealanders, some of whom have distinguished themselves at Otago University, who. wi'H assist in making details of the geological survey. New Zealanders will also be engaged as dril crews. Most of the capital for the big undertaking has been found in Australia, and the whole of the capital involved has been found by ■British interests. It is said that the observations of the efforts-, that have already been made, and are still being continued, indicate that those engaged in the drilling ventures thoroughly understand their business.