PETROLEUM.

Taranaki Daily News, Volume LII, Issue 174, 26 August 1909, Page 2

PETROLEUM.

Operations were continued at tlie 3 bore yeeterdaj', the sand-pump wording nil day. About eight barrels of oil was saved', and the level of the oil m the pipes was reduced a few hundred feet. Nothing will be known for a (lay or two as to the probability of securing at. an early date the deep-well pump that is urgently wanted to test the producing capacity of the well. At So. 2 Air. Berry was engaged for the greater part of the day renewing the cups in the pump, the washer* having worn through during the previous evening's run. The well is full of oil.

Mr. K 0. As ion, (lovernmcnt Analyst, was an interested visitor to the boies Yesterday, in company with Mr. Okev. M.[>. and Mr. C. Carter (local chairman of directors). Says the Elthani Argus:—"No fuss is being made in New Plymouth concerning the oil prospects, but the future of the oil industry never looked so bright as it does at tlie present moment. There have been so many disappointments in the past that those who arc interested in oil wells say nothing about the matter, as. thev know that any information they give would probably be recei\ed with suspicion or incredulity. A« ft matter of fact, however, there is a <|Uiei confidence amongst shareholders that, judging from the oil one sees at the wells, is perfectly justifiable. The oil iextraordinarily rich, and when it U e\ posed to the'air in open tanks the .v quickly forms upon it a layer of .pure paraffin.""