PETROLEUM.
The allotment of shares in the Gis-' borne petroleum company just formed was being made on Saturday. It if the intention of the promoters, as soon as tho necessary capital is subscribed, to sink at least two wells, and to bore to a depth exceeding that attained at Now Plymouth, Efforts will also be made to secure an option over suitable country whenever possible.
It is stated that a company is about to be formed for oil-boring operations in the Omata district. Two well-known settlers' farms, with jin area of 640 acres, is the territory over which the company's operations will extend. The sito is not very far from the Moturoa bore. A company with a capital of £20,000 is to be put on tho market. The prospectus will yory probably be issued on Monday next. It is not expected that more than 10s per share will be callod up.
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https://paperspast.natlib.govt.nz/newspapers/TDN19060530.2.9
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Taranaki Daily News, Volume XLVII, Issue 8122, 30 May 1906, Page 2
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151PETROLEUM. Taranaki Daily News, Volume XLVII, Issue 8122, 30 May 1906, Page 2
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