OIL PROSPECTING
POPULAR IDEAS DISPERSED STRAIGHTFORWARD BUSINESS By Cable. — Press Association. — Copyright. MELBOURNE, Tuesday. Addressing the annual meeting of shareholders of Taranaki Oilfields, Limited, New Zeeland, the chairman of directors. Mr. W. A. Watt, criticised oil prospecting in Australia and New Zealand, He said it had to be remembered that commercial oil production in Auftralia and New Zealand was not yet an accomplished fact. The history of such prospecting as had been done was spasmodic. The effort was not infrequently surrounded by an atmosphere which was calculated to alienate the sympathy of the sound business elements of the community. In fact, most of the Australian efforts had become perilously near being a byword, and the holder of shares in an oil-prospecting venture was still looked upon in some quarters as being, financially speaking, a little unbalanced. There had been no opportunity in Australia or New Zealand for the general public to form a correct view of the quest for oil. but, contrary to the erroneous but popular view, the search for oil was as legitimate and as straightforward a business as any other.—A. and N.Z.
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Bibliographic details
Sun (Auckland), Volume I, Issue 215, 30 November 1927, Page 12
Word Count
185OIL PROSPECTING Sun (Auckland), Volume I, Issue 215, 30 November 1927, Page 12
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