PETROLEUM NEWS.
OPERATIONS AT MOTUROA. Oil continues to How satisfactorily at the Tarauaki Company's Xo. 2 bore. From Thursday afternoon last at 2: o'clock until 1) o'clock yesterday morning the well (lowed 70 barrels of oiL During this period the gas has not been> used a* fuel. Had this been done tlio How must have exceeded the usual! weekly output. Oil is still flowing at Xo. 3 bore. The Government has notified the company that they will allow the Customsstamp to be used by the Collector of: Customs for sealing'the 25 barrels of: oil from the .Moturoa bores which are 10 be sent to the High Commissioner in. London for forwarding on to the Admiralty. The directors of the company on Tuesday considered two enquiries whichhad been received on behalf of Englishcapital for the purchase of the company. A price at which the directors. are prepared to sell was agreed upon. Another enquiry received yesterdaymorning states "there is every prospect.and the opinion is held in the London, oil market to-day that a return of theboom will be here in October or November, and we hope that your directors will place the matter in our hande.for disposal."
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Taranaki Daily News, Volume LIII, Issue 157, 12 October 1910, Page 4
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196PETROLEUM NEWS. Taranaki Daily News, Volume LIII, Issue 157, 12 October 1910, Page 4
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