PETROLEUM NEWS.

Taranaki Daily News, Volume L, Issue 57, 12 March 1907, Page 2

PETROLEUM NEWS.

IM.I'OIITA.NT DKV ELOPMHXTS. WAI'JSB SI CUT OFF AT NO. 2 BORE. What may be regarded ns one of the uiosl important recent tl«. i vc',s in the cxploilati'.'n of the Taranaki oil fields is tin' successful >]|.i||.iiig off of water at tlie No. 2 bora of (lie Taranaki .Petroleum Company, which has .just been accomplished. On Thursday the drillers finished placing the tiin. casing down to the 1711 feet level on solid rock, ellcctually shutting off the water. Sine,! Thursday the work lias been subjected to cyory test, only to prove that the drillers iiive been correct in their belief thai the water dilliculty has been successfully surmounted. The effect of the success in tins regard is that tlie drillers arc now able to go straight looil, which, it i, expected, will be readied at a depth of another :Sl)0 to I'll) Feet.

The lips', easing placed in position III;' M ; n, for a ,!i»lanee of :!oi)l't.; (mi. piping lias I teen pu! do'.vn to 1711 feet, and «->»• a -".in. , t ;ip |„. |mt dO'.Vll till the Oil me:,,,. .' If 110 aceidenl happen , , MU . e le,l tii'e.icit oil in (lie e,uir.se of the next Uo months. It is interesting to remember thut it was a year ago next nioni.lt when the water a! i! k . ijic*!., y lvus ;• I lie dii'ei'tors ol the eonioany a'"e ttalni'ally jubilant over the success that hits just I illicit place. Intervic Weil by a | XKtt's man, iUr D. Berry, the chairmen, said : '• Tile big thing Willi us is successfully coping with the jv iter dilli. cully, if tve can do lliai. it is onlv a mill lev of drilling far enou;lt to lap mid ,;el I In- oil. J am as certain ns can be Iha I our iliillers have tile waler'iimL-i' at ,\o. 2 He believed they 11 ul eu Tltui'sil.v. Tliev got i'igh : ,■: hard rod; a.' IHi feel", ami Lite piping isliei'iiictieally scaled. "\'o further U'alet' has come in ; ii is pr.-.e-liciuly an iinpossilul'ly for it lo do so. ies ; «,■ have gooii rca.-on to feel gi'aliii.'d uitli i]te resnll, lor il means thai before long wo will have dipped into oi: with (wo litres. iSliiii'.'s, it is interestinsg to note, have belli g. U-ng M-auvr of late. lesterJ.'iy an mil Si' k- f-- :i . 1 -ie.l all over the I'lV b !,' U'C''l of I hem al pres-nl jil'i.-;;. I'iii wiih.-iul succc---:.