PETROLEUM NEWS.

Taranaki Daily News, Volume L, Issue 59, 5 April 1907, Page 2

PETROLEUM NEWS.

i>i:nuc tuiai. l'owri'ONisi). TIvMI'OP.AHY APPAUATUK I-NS.UIT; , AUlil]. ----- AX FXPKKTS ADVICK. The .li.vcl.»is ol the Taranaki Oil Compaiiv, Uinilcd, visited the No. 1. or Hirthdav,' well yesterday in 7 a.m.. for (he purpose of li'stin-j; I In- apparatus lived lur ii public trial next week, but, jiftor running oil' some six Lands of uil in about, lull' tin" time previously taken, the gas became so strong thai tin' oil came to tlio surface intermittentlv, although at short intervals. The .lire-tors, therefore, rang up -Mr. Ceorge Adams, an expert of great practical experience in several countries. I'pon his arrival he at once pointed out two causes for the cessation of Mowing, one liehi" the size of the outlet pipe, it only l.ci.i" one inch with a tap which further curtailed this hy one-third, and he stilted lli.it it was impossible for both gas anil oil to liow through a pipe (it tins small size. The next point he most strongly emphasised was that the bore, hKviiuf'liei'ii neglected for so long, badly wanted cleaning out, which process is always periodically done in other countries! These two'mutters being attended to, he felt sure that the well would satisfy the directors' most sanguine anticipations, I'nforlnnately. this course wij! require the again placing (if, 1 an engine there so as lo pump the bore free from any silt, etc., that may have accuniiilatcd'diiring the long time it has beep closed down., so the directors have been reluctantly compelled to postpone the proposed trial for a few weeks. Mr. Adams again visited the bore in the afternoon in company with three of the directors, when a most interesting chat, took place. Asked whether he considered the bore, from what lie hud seen, ii payable- one, he stated that he had no doubt of it, that considering the treatment it had, the result was very good , indeed, and that it was ti payable one even as then running: Questioned as i lo his estimate of £200,1)011 for a re- [ linery plant, he stated that this meant a refinery of sullieieut size to compete in outside markets with strong corporations and trusts, and included large • tanks sullicienl if necessary to store for [ other local companies, pipe line, special f wax phut, and many other sundries. - Mr. Adams states that plenty of outside I capital can be obtained, but urges that - we should do as much work as possible - with cmi present capital, so as to have t a lot to show before we ask outside - aid. The directors feel that the hearty e thanks of the shareholders are due tu e Mr. Adams for his advice and the information supplied by him.