PETROLEUM NEWS.
There is a particularly active demand for Taranaki Petroleum Company's preference shares at present, one gentleman yesterday having lodged applications for a further 475, making in all upwards of 700. This gentleman is not a broker. Apart from this, applications are brisk. At No. 1 bore progress is rapid, and the men have put back 1750 feet ot 8-inch casing. No. 2, as usual, is flowing consistently, and operations arc highly satisfactory. At No. 5 the re-erection of the derrick is proceeding rapidly, and will be completed next week. \isitors from Dunedin and Auckland, who were on the company's field yesterday, expressed the greatest surprise at the magnitude of the prospects ahead. About JSOO people have visited the company's oilfield during the past six: months. A majority were quite unaware of the extent of the operations, and all are now living advertisements.
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https://paperspast.natlib.govt.nz/newspapers/TDN19101021.2.76
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Taranaki Daily News, Volume LIII, Issue 165, 21 October 1910, Page 8
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144PETROLEUM NEWS. Taranaki Daily News, Volume LIII, Issue 165, 21 October 1910, Page 8
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