PETROLEUM NEWS.

Taranaki Daily News, Volume LIV, Issue 224, 20 March 1912, Page 4

PETROLEUM NEWS.

OIL EVERYWHERE. Mr. H. Hill, the Hawke's Bay geologist, writes to the Hawke'a Bay Tribune as follows:—"Goodness know.s how many parties have beeu testing, if not oil, certainly gas, along the Danrie- . virke-Wainui road, where there ais many traces of gas, just as one ' them at Nuhaka, Waipoao, Waipiro Bay and a score of other places along, the coast west of Poverty Bay. It is SBM. that wells are being put down in several places within a few miles of and should oil be struck as it has been at New Plymouth this East Coast will become the most important commercial part of the Dominion. Hundreds ot wells will be put down, and Napier, Hastings, and Dannevirke will become as important as Gisborne—for if oil should be struck in Poverty Bay and Nuhaka so sure it will he struck in' the district reaching from Wallingford to Weber, and the country further south. The symptoms are just as com-, nron to the south of Hawke's Bay as tothe north of it, and should success M l ' low the efforts now being made there is no reason why attempts should not he.made even on the Heretaunga Plain. OPERATIONS AT MOTUROA. There is nothing fresh to report from the bores, which are maintaining their flow. Application is being made to the Government for the second instalment of the bonus of £2500, there' being nowjust on half a million gallons of oil i» hand. • ,