PETROLEUM NEWS.
The Taranaki Petroleum Coornpany have won a hundred barrels of oil for the week, aggregating 4200 gallons. So. 2 bore is down to adepth of 3030 feet, and the casing is within twelve feet of the bottom. During this week eighty barrels of oil have been secured from No. 2 bore, and from Nos. 1 and 3 ton barrels each. The manager reported yesterday that No. 3 bore flowed very strongly at 10-30 p.m., five barrels of oil being obtained. There was n powerful pressure of gas. The oil is (lowing freely from No. 2 bore, and gas is at present in considerable volume. In regard to the negotiations to acquire an option over the company's property, the directors propose shortly to lay the position fully before theshareholders by circular.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19100528.2.20
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, Volume LIII, Issue 41, 28 May 1910, Page 4
Word count
Tapeke kupu
132PETROLEUM NEWS. Taranaki Daily News, Volume LIII, Issue 41, 28 May 1910, Page 4
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in