The Stratford Evening Post WITH WHICH IS INCORPORATED THE EGMONT SETTLER THURSDAY, MARCH 12, 1914. MOTUROA OILFIELDS.

Stratford Evening Post, Volume XXXVIII, Issue 60, 12 March 1914, Page 4

The Stratford Evening Post WITH WHICH IS INCORPORATED THE EGMONT SETTLER THURSDAY, MARCH 12, 1914. MOTUROA OILFIELDS.

I'he excellent showing made by Hi Paranaki Oil Wells rotary bore sine striking oil a tew days ago shoul havo a cheering effect on sharehoki pr.s and others int. rested in the indus Ivy. To the Dominion as a whole, an (:> Taranaki especially, the thoroug' success of the Moturoa oilfields uou;< lie very welcome, and alter many up vml downs there is probably n.o'c rea ••on to-day to be optimistic as regard the outlook than ever before-. Tli ''Taranaki Herald" deals with the liiestion very hopefully in its issue o aiesday last, and in so doing remark j'hat although it was quite right tha he Government should be urged t make regulations with regard to tin ! .-hi to guard against flooding, it wa ii-.tin.ctly unfortunate that the im J;>rossion should have been given tha '.• parable damage had already l,eei u.ic-fl by the neglect of precaution; | lirh are taken in other iields. Tin J ••M.-cruiuent very promptly sent it: ■ui;-f adviser on these matters to in vet and -report upon the field, witl lie result that regulations are to l>< na.de and put into force. The "Her Id*' also states that the most recent 'ovelopuients appear to decidedly contradict the view that the Held had • en Hooded by water, and goes on to .'.press l he opinion that the prospects '1 the industry in Taranaki "were ever so bright as they are at the iresent moment." In. conclusion, the 'liter says: "The Government, soraohat tardily perhaps, has determined ■> enact and enforce regulations which 'cporionee in other fields dictates as •ecos.sary here ; there is already a -I'-e.dv snppl\ of crude oil for the reI u ry, ihom:h not \ et in sufficient iiant ity to keep ii I'ully employed ; mil it seems to be reasonably certain ' lint I'v-vy well properly drilled in that • icinity \\ ill yi< hi well. Ail that is renired i-. confidence and capital. The •tier will not bi> forthcoming unless 'he former is established, for there Ave bean so many disappointments. | ii i hope has been -,, hum: deferred, that it may take some little time and

iff or t to restore confidence, jno ►are nt company has had pociumrly ;reat difficulties to surmount, net :: ],o rotary well turn; out ;■ good one hen? is good ground :'• r hope that ho difficulties will bo overcome and hat the capital required in pur.mo ►perations at the reiinery and to drill noro wells to add to the supplies of •rude oil will lie forthcoming.