PETROLEUM NEWS.
SALE OF TARANAKI COMPANY'S • INTERESTS. . The question, of extending the time of. agreement.to purc'hase between the British Oilfields, Ltd., and the Taranaki Petroleum Company was considered by the directors of the latter last evening. After a lengthy meeting it was decided, to extend the time to April 30. The purchase price is to be increased by £5000,. making the total £IIO,OOO. The directors decided to circulate shareholders immediately, explaining the position. NO. 5 BORE. Activity ft No. 5 bore is unabated, the gas pressure, if anything, having increased yesterday, whilst oil is coming up freelybetween the casings. The manager expects to save about 30 barrels of the oil that was erupted outside the* derrick on Wednesday and Thursday.
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https://paperspast.natlib.govt.nz/newspapers/TDN19120210.2.16
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Taranaki Daily News, Volume LIV, Issue 191, 10 February 1912, Page 4
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120PETROLEUM NEWS. Taranaki Daily News, Volume LIV, Issue 191, 10 February 1912, Page 4
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