TARANAKI OIL.
LABOR JOURNAL REFERENCES. By Telegraph —Own Correspondent. Wellington, Last Night. Concerning Taranaki petroleum, this month's Labor Journal reports: —The supply of oil continues about the same, and preparations are being made to put down extra bores in different localities with a view to thoroughly testing tlte country. An effort is being made to secure five acres of the prison reserve from the Government, for the purpose of erecting a refinery. The work in connection with the erection and equipment of the refinery would provide employment for a large number of workers, and would cost, it is estimated, something like £30,000. No very pronounced advance ment can be expected until a refinery is in There is over 500,000 gallons of crude oil in stock at the bores, now ready for treatment. A greatly increased supply at the present moment would prove an inconvenience, as the storage capacity is about fully taken up.
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Taranaki Daily News, Volume LV, Issue 129, 18 October 1912, Page 5
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153TARANAKI OIL. Taranaki Daily News, Volume LV, Issue 129, 18 October 1912, Page 5
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