PETROLEUM NEWS
Oh the Wellington Stuck Exchange on Saturday, Tnranaki portolcum shares (.til paid) civ quoted: Sellers lis C.l. No sales wit- recorded.
Says a writer in the Wellington ' Times: "The sight of a dirty lluid oozing from a hole in the ground—even though that dirty fluid is j>otro]eum, and the hole in the ground is three thousand feet deep is hardly more, than interesting to the ordinary individual, but it is food and wine, to those who have all along helieved that the Taranaki oilfields were no myths, and who supported their beliefs in a practical manner. To see the tank filled to overflowing with fresh oil is to them as the realisation of a dream. After an 'unbroken succc.-ion of blanks th>\v have at hut drawn a prize, and in reality have "struck oil." As soon as the storage tanks are ready, a start will be made to tap the main reservoir by extending the depth of the present bore. Tn (he opinion of experts, another four hundred feet will need to be bored before the reservoir is tapped—a task that will take some months to accomplish. Just to what extent New Zealand will benefit by the tapping of an oil reservoir is hard to estimate, but. one thing i>' oertain, it will open wide ■fields of employment and give illimitable vistas of enterprise."
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https://paperspast.natlib.govt.nz/newspapers/TDN19100214.2.45
Bibliographic details
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Taranaki Daily News, Volume LII, Issue 314, 14 February 1910, Page 5
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226PETROLEUM NEWS Taranaki Daily News, Volume LII, Issue 314, 14 February 1910, Page 5
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