PETROLEUM NEWS.

Taranaki Daily News, Volume LVI, Issue 10, 12 June 1913, Page 4

PETROLEUM NEWS.

ADTAXCE, TARASAffI tUtt'. To the Editor. • Sir—Tn your issue of tfeia swriMf you state that Mr. J. D. H«rj will »»J rive by to-night's express. This w>» surely gladden the heart*. •« «M »• the shareholders in the laranaki UM.) Oil Wells, Ltd. You hardly d* Mr. ff*nry justice when you refer to him aa an ■'oil expert." When the Taranaki Oito Wells Ltd., was formed last .luly, Mr. Henry was appointed "technical advisar" to the company, thus ranking »»»»»» the creat oil men of the day. Moat m\ complies recognise that to be suaeesßful they must be guided in their operations by men who hate proved «*«" technical knowledge of geology and engineering in all its branches. Taew qualifications are absolutely essential. A knowledge of the geological *o™at»*ns enables a technical adviser to select Im a company the most suitable claw of oil-boring plant to use and the »•»» suitable tools and equipment. ¥ou»um see how helpless any company is Without such advice. .Without; Mr. Hewys expert advice, is it likely that New Plymouth would be the proud possess*? ol an oil refinery which, for its size, haa M equal in the world as regards completeness and quality? Credit i» also da* ■** Mr Henry for the purchase of the rotary boring plant with its very complete stock of casing. It i» generally reported about town that the No. 1 Bell Block bore is down 1900 ft and water is not shut off. and that the present maaagement has failed to close the water 00l though having spent the past six »«* endeavoring to do so with the aid of cement. As the shutting off of water from a well may be regarded as tn* "A.8.C." of up-to-dato drilling, Mr. Henry will be able to direct affairs at the well and close out the water, thus enabling drilling to proceed': .Most encouraging gas pressure is reported from this well and great hopes are expressed that ou may be struck during tbti juejst 300 feet.. What will shares be worth if tlie promiso given by this well should eventuate! Thus, Mr. Editor, I say Mr. Henry's arrival is most opportune, and 'should caus* shareholders to rejoice—l a™, etc., HOPEBUL. ,