PETROLEUM NEWS.

Taranaki Daily News, Volume LIV, Issue 280, 23 May 1912, Page 5

PETROLEUM NEWS.

GOOD NEWS. " 1 A cable gram was received in Netf Plymouth yesterday from the London board of the Taranaki Oil Wells, LtdJ stating that the complete refinery planf had been ordered and would be shipped! next month; also that a manager and experts had been engaged and ■ would leave with plans for the erectiop' of thq works in .Tune, TV work of drilling new wells will be commenced immedii ately on arrival of the new boring plant! Messrs. 0. Carter and H. Okey, M.PJ members of the N.Z. Advisory Board leave for Wellington to-day to confel with Sir George Clifford, a member ol the directorate, on matters of policy regarding future operations at Moturoa. * Messrs. J. H. Herman and B. j] Weger, oil borers, are now choosing tW site for the first bore for the Mang&onj Oil Company in the Eketahuna district They have signed a contract to sink'twij wells to a depth of 3000 ft if necessary] also to provide an all-Bteel combination plant and casing, and labor, fuel, The time allowed under the contract i! four monthß for a 2000 ft well, or si| months for a 3000 ft well. The startinj casing is not to be less than 12% inchei in diameter, and the lowest easing tc be not less than 5% inches in diameter.^