Page 3 Advertisements Column 2

NZ Truth, Issue 1197, 8 November 1928, Page 3

COAL, OIL (N.Z.) LTD. '-■" ■;— r- — ♦— — r— ■'■•.••;.' .. ■',' .. THE exploitation of oil fields m New 1 Zealand has been commenced by Goal, Oil (N.Z.) Ltd.i whose newlyannounced is.sue ; of 100,000- £1 shares at par m the authorized share capital of £750,000. has created considerable' interest. ' i . • ■ .-: . : The prospectus announces that the company possesses some 15,000,000 tons of coal, but their energies will be concentrated, on the more lucrative prospect of the oil accumulations. • On the Omata district leases held-by the company, important technical investigations are proceeding and as soon as. preliminaries are completed boring will commence. The' company has at its - service the German Elbof Geophysical Organization, reputed to be the most experienced m geophysics m the world. With Dr. Leon Bossard r Swiss petrologist, to aid them m the measuring of the actual oil accumulations, the company is indeed fortunate.