PETROLEUM .
llh. laranaki Oil and Freehold Company s list will be open till Wednesday, when the directors will meet to receive tho brokers' report. We understand that 10,000 shares have a.ready been taken up. It is expected that the directors will proceed to allotment without delav, and estimates for boring operations are under consideration.
Good progress is being m at i c wjth If sinking of the Taranaki Petrocum Company's No. , bore. Mr • air has engaged a first-class Queensland hover, who will be here in the course of a week or two. When hj amves ,two shifts will be worked Mi t air expects to touch the 2000 ft level in three months' time. wW^i 8 ' ° f men „ are working- on "hat is known as Mr Samuel's'Ve. An engine shed is being' erected, as L • 3S f 'l, t l orrick ' Options will be m full force in tho course of a rew clays,
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https://paperspast.natlib.govt.nz/newspapers/TDN19060828.2.13
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Taranaki Daily News, Volume XLVII, Issue 81833, 28 August 1906, Page 2
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154PETROLEUM. Taranaki Daily News, Volume XLVII, Issue 81833, 28 August 1906, Page 2
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