PETROLEUM.

Taranaki Daily News, Volume LII, Issue 171, 23 August 1909, Page 2

PETROLEUM.

TARANAIU COMPANY. A meeting of the directors of the laranaki Petroleum Company was he'd on l'riday night. If has been decUed o forward a sample of the oil taken from No. II bore to the Public with n view to its being analysed. The ml is altogether different from that previously obtained on the field, and the directors are anxious to test its commercial, value. Mr. Okev, M.P 1,,-,, made arrangements with'the Minister of .Mines for having the analysis ow I lied out. Owing to the constant rush of gas from this bore and the danger winch neeesasrily follows through neopic heedlessly dropping matches, It "has been decided In the Interests of the pubhe that until the drilling tools have been fished up no permits shall be issued by the secretary to visit the well. 1 he directors are also anxious that toopic anywhere in the vicinity of the ivell should refrain from smokin", the ground all round being saturated with petroleum. A night-watchman has been engaged.

THE MOTUROA FIELD. I A rumor was current in town on Saturday evening that the obstruction ha.! been removed from No. 3 bore. Mr Kmpsoii, tkctoanager, states that this is so. The' wire rope has been got out with the exception of about twelve feet from a special joint to the sandpump. Owing to necessity for repairs to a break on the spool It. will be nine o'clock before work re-commences this morning, but Mr. Simpson expects to have the bore clear to-dav.