PETROLEUM.
No. 2 well is still producing oil. Up to yc.-icrday 2200 gallons—roughly, 00 liarrcls—had been taken out and stored. The oil is now within 137 feet of the top, or 4!! feet nearer the. to]) than it was a few .days ago. Worn is still being couceiilriiled cm cleaning the silt from the bottom of the piping to permit of the use of the hig pump. With this down mid working the capacity of the well will soon be determined. The condition of things at the field never looked healthier than it looks at .present. In Wellington shares have droppvl .somewhat. Sellers are asking 8s Od, but buyers are only offering os.
CABLE NEWS (By Cable,—Press Association.—Copyright.)
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https://paperspast.natlib.govt.nz/newspapers/TDN19081027.2.17.6
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Taranaki Daily News, Volume LI, Issue 260, 27 October 1908, Page 2
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118PETROLEUM. Taranaki Daily News, Volume LI, Issue 260, 27 October 1908, Page 2
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