ANOTHER OIL VENTURE.
OPERATIONS AT NEW PLYMOUTH.
CAPITAL OF £100,900.
Proposals for a further oil boring venturc at New Plymouth are now, taking concrete form, according to advice received by cable from Sidney by Mr E. R. C. Gilmour, says the Taranaki Herald. The cable states that a Sydney group, whose representative wa© here, recently, proposes the immediate registration of a company with a' capital of £lOO,OOO. The object of the proposed company is to undertake; ©il boring operations bn a property of 30 acres on the lupffico\ ered hills at the rear of the Breakwater Hotel, fronting Ngamotu Road. This is in the vicinity of the old No. 3 bore, from which a quantity of ©il was obtained and which is, stated to be still flowing to an extent invclving pollution of the adjacent lagoon, which discharges on to the beach. AJbo not far away, on the beach approximately in front of the Breakwatei Hotel, is the site of tee bore sunk by Taranaki Oil Fields, Ltd-., a yegr or two ago, and closed after considerable emissions, of gas had occurred.
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https://paperspast.natlib.govt.nz/newspapers/HPGAZ19290315.2.13
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Hauraki Plains Gazette, Volume XXXX, Issue 5400, 15 March 1929, Page 2
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182ANOTHER OIL VENTURE. Hauraki Plains Gazette, Volume XXXX, Issue 5400, 15 March 1929, Page 2
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