PRINCE “STRIKES IT RICH.”
RICH OIL STREAM UNDER E.P. RANCH.
London, August 25,
The “Daily Express” says that as a result of a trans-Atlantic telephone talk, Professor Carlyle, manager of the Prince of Wales’s E.P. ranch, Alberta, gives prominence to the fact that the ranch of GOOO acres lies on the track of a vast rich oil stream, and borings are sloAvly creeping up to its borders. There are 217 companies operating in the vicinity. Experts are confident that a strike can be made on the Prince’s estate at a depth of 1500 feet, with a possible yield of five millions sterling. Professor Carlyle says the question of the Prince’s right to the oil is at present the subject of negotiation Avith the 'Canadian Goveirnment. He thinks the Prince may be. entitled to take out licenses.
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Manawatu Herald, Volume L, Issue 3990, 27 August 1929, Page 3
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136PRINCE “STRIKES IT RICH.” Manawatu Herald, Volume L, Issue 3990, 27 August 1929, Page 3
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