PETROLEUM NEWS.

Taranaki Daily News, Volume L, Issue 59, 25 April 1907, Page 2

PETROLEUM NEWS.

OIL IN NO. :i BOUJO. The most important and reassuring j happening on the petroleum Hold since oii was tapped in the Birthday well, oc« curved yesterday at Hie No. :} hore (Samuel's) which is liein# cleared out alter having |,oen closed for some years following on its destruction by explosion and Jire. The drillers have now reached a depth of over ]<joo I'eet, ami six-inch casing i* being phurd in position ' l1 "' '"»■ levels l'„r thi- purpose' of shut.I;"-; ull , Wiitcr by method similar to wl1 "'" w«* Kiui-mmilr iwoumlisliedat lh,. Mlirthday." l-'or sonic time the llldlCat lons ImVC been most <■ ncoill;!"ill-r. tlio mutter drilled and pumped out beimr freely impregnated witli oil, Yesterday | alteinoon. liowever. ;}ii iiiiexji;H-t("il development occurred, oil c l„ Mow from tin- mouth ol' the hore,' and over live barrels full were collected during the iirternoon. The sample is ,1 splendid one, entirely five from wsiler. As It considerable distance Ims vet to I." reboved out before the original depth of the bore is reached, yesterday's display all'ords uiidoulited ]'iroof that there must lie a very considerable accumulation an.l pressure of oil in the lower depths to have forced a wav thriiiiu-ii the old fallen-in bore.

At the "llirthday'' well, the engine rceently obtained from Wellington for the work of pumping tile pipes dear of the accumulated debris is being placed in position, and the work of pumping will be miller way within a day or two. The drill at the No. 2 bore is now down over ltlOO feet, but process, or, account of the great depth, is necessarily slow.