PETROLEUM NEWS
THE TARANAKI COMPAXY. ENQUIRY FOR THE CRUDE OIL. At a meeting of the. directors of tile Taranaki Petroleum Company last evening, an enquiry was received from an Australian linn for the crude petroleum. The firm ill question is placing upon the Australian market a new system of gas generating suitable for iighting and
power purposes, mid mule petroleum is a most suitable oil for the purpose. The firm said: "Our demand for oils runs into thousands of tons per year. Subject to 'your oils being of a standard quality and price suitable, we would be prepared to enter into a yearly contract of not less than ten thousand tons, we to take delivery at your works or at any other port in Australasia, luir test purposes we should be pleased to be, supplied with one ton of the oil, for "which we will post you cheque whiv notified as to cost. When writing please state what quantity over and above the ten thousand tons you could supply should we enter into a contract with your company."
It was decided to forward the sample ton, and if it proves suitable to quote for larger quantities. A ton, it might, be mentioned, is equal to six barrels, or 25U gallons. It was decided to put on the market by tender 0(10 forfeited shares. There is nothing fresh to report from the bores. Drilling operations are still being carried on at No. 2, whilst work is proceeding at Xos. 1 and 3.
THE KOTL'KI" OPERATIONS. Writing from Oreymouth to a friend in Uisborne, Mr. Charles X. Taylor states: '■[ expect to hear from London any time now regard iii!» our making a start at Kotuku, but Mr. Zimtn is making a larger company than lie at first intended, so it is taking more time. Like the rest of 11s, it must be gratifying to yon to see how petroleum is rapidly forcing itself on the public, and in the near future there will be quite a boom in colonial oil development. I shall be pleased to let you know how we get 011 when we make a start. We intend to get men and plant from California. How are your operations progressing? Favorably, I should iiuagine. from reports I have seen in our paper regarding the floating of a very large company in London to operate land in your district." Mr. Taylor adds that he had a splendid time in America,
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Taranaki Daily News, Volume LII, Issue 371, 23 April 1910, Page 5
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409PETROLEUM NEWS Taranaki Daily News, Volume LII, Issue 371, 23 April 1910, Page 5
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