PETROLEUM NEWS

Taranaki Daily News, Volume LIII, Issue 292, 4 May 1911, Page 8

PETROLEUM NEWS

THE TRINIDAD FIELD. By Cable—Press Association—Copyright Port of Spain, May 2. The first shipment of petroleum from Trinidad wells, consisting of 080,000 gallons, has been «ent to New York. Several companies are now approaching the export stage. THE WELLS AT MOTUROA. Good progress is being made with drilling operations at No. 5, which is now down to 1600 feet. There is no

change in the country being penetrated, which is still papa of a sticky nature. At No. 3 bore drilling operations still continue favorably. This bore is now down to 3797 feet. Oil ig still flowing from between the casings. No. 2 is flowing steadily as usual. The underground tank at No. 1, which is now being used as a receptacle for the oil from No. 2, contains oil to a depth of over 11 feet, and arrangements will soon have to be made for further storage accommodation.

j During the month, 657 visitors inscribed their names in the visitors' book. , This does not represent all who inspect- . Ed the workings during that time, but , shows that great interest is still sus- \ tained in .the operations of the company.' GISBORNE COMPANY. Mr. Young, manager of the Gisbornc Oil Company, is at present in New Plymouth, supervising the shipment of the oil plant recently purchased by his company from the New Plymouth Petroleum Company at Omata,

KOTUKU OIL DEVELOPMENT.

The Wellington Dominion is informed that the KotuEu Oilfields Syndicate, noting on the report of Dr. Vanner. Professor of Geology in the University of Bonn, of Germany, has imported to New Zealand the largest drill for oil-boring that has yet been made, and the machinery has been delivered at Greymouth. Two expert operators from Gnlicia, who are accustomed to drilling some of the deepest wells in the world, came out on the Rotorua for the purpose of operating the new plant, and left for Greymouth on Tuesday night. It is stated that, should the new drill strike oil' in commercial quantities, a refining plant will be immediately erected in the vicinity of Greymouth. The Government has grnnW the syndicate prospecting rights over a large area.

Bu- preference snares at once. Thej are a perfectly safe and very promising inves' >nent, and one that may be re-comni-nded with confidence. Send to Walter Bewley, New Plymouth.—Advt.