PETROLEUM.
JTEW COMPANY REGISTERED. A new company in the shape of the Ngamotu Oilfields, Ltd., has been regi*. tered, with a capita! of £50,000 in £l. shares. The company's properties 84 acres, are situated at Moturoa, Frankley Road and Bell Block. The directors are Messrs. P. C. J. Bellringer, J, H. Parker, F. Messenger, L. C. Sladden and T. Avery, and Mr. Duncan McAllum is acting as secretary pro tem. The manager of the Taranaki (New Zealand) Oil Wells, Ltd., reports that bores Nos. 2, 3 and 5 continue to maintain their usual flow. Mr. Keith is at present engaged in clearing out Xo. 1 well. The operation is rendered somewhat difficult owing to broken casing, lost tools and the like being in the bore, towards the bottom. Yesterday the liquidators commenced to make the first distribution of the funds of the Taranaki Petroleum Company.
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https://paperspast.natlib.govt.nz/newspapers/TDN19120727.2.23
Bibliographic details
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Taranaki Daily News, Volume LV, Issue 59, 27 July 1912, Page 4
Word count
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145PETROLEUM. Taranaki Daily News, Volume LV, Issue 59, 27 July 1912, Page 4
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