PETROLEUM NEWS.

Taranaki Daily News, Volume LIII, Issue 255, 5 January 1911, Page 5

PETROLEUM NEWS.

THE TARANAKI COMPANY. ,1 Just a year ago to-day the No. £m well at the Taranaki Petroleum Com-'Si pany's works at Moturoa commenced now oil on its own account,' and it hag $ flowed ever since, generally at the of a hundred barrels a week. Not all of * this was saved, the drilling and casing "j operations in the bore causing a good A deal of loss. <%i It was at first thought advisable have some sort of a celebration out it'.i the bore to-day, but plans have been •* altered. The directors are in commun- *i| ieation with the Australasian Institute '-f of Mining Engineers, whose conference ",<■! is to be held at Thames at the end of ; *j this month, and an invitation hag beeri..;. issued to its members to pay a vflio* I *] to the company's wells. Should they ac* '•'"' cept, the directors will endeavour to at- J range for the editors of the newspaper* - S throughout the Dominion to visit Newf'Js Plymouth at the same time. Then the J celebration will take place. Jj No. 2 well is still flowing strongly at : | ever, and doubtless there will be many.-'*! visitors to the works to-day to wish tha $ genial manager, Mr. Keith, "Manx J happy returns." I

Oil still flows from No. 3 bore, where t j drilling is in progress at a depth of J 3200 feet. j

Good progress is being made with the "' drilling of No. 5 bore, where no difficul-. } tics have »s yet been met with, *t