PETROLEUM NEWS.

Taranaki Daily News, Volume LIV, Issue 296, 11 June 1912, Page 4

PETROLEUM NEWS.

TARANAKI OIL FIELDS. PREPARATIONS WELL AHEAD. 'Writing under date May 3, Earl Ranfuriv (chairman of directors of the New Zealand Oilfields, Ltd.), in the course of a letter to Mr. Carter (one of tie advisory board), says:—"Once get the refinery going, and I think there would be little difficulty in getting more capital if necessary here." 3 Earl Ranfurly adds that, owing to the increased percentage of wax in the oil to lip refined, it has been found necessary to slightly increase the cost of the refinery. A tinning plant has also been ordered. Earl Ranfurly concludes: "I fully expect that six months hence will see stills working, though the wax plant may be a month later."

Information from other sources go to show that preparations were well in hand when the mail closed in London. Earl Ranfurly and his colleagues were taking an exceptionally keen interest in the business of ordering plant and making staff appointments. It was anticipated that within three weeks from the date of writing, the refinery manager, with complete working plans for the refinery and constructional works, and all instructions to select site and start building, etc., would be. on the way, to be followed immediately by the first shipment of refinery plant and despatch of refinery engineer and builder, who, under contract with the makers of the plant, would stay at least six months on the property. This is gratifying news. Any day now may bring a cablegram stating that the experts and refinery have left for New Zealand.