TARANAKI OIL.
EfDICATIONS MORE FAVOURABLE. : (B, ieiegapb.-Press Association.) SEW PLYMOUTH, this day. , ' The manager of the Taranaki Petro- . i romoany reported to the directors rfSK follows: "This afternoon; f if Vj 2 bore was coming very <£,„;£ and the well was dry. Cuttings itaown up the gas contain a quantity of i nd the indications continue lmprov- ■ , Ges continues to flow at from & $100,000 feet per day." There Xrebuyera of shares at 6/6 this morn- "* NEW PLYMOUTH, this day. At ten o'clock this morning Mr SimpJn manager of the Taranaki Petroleum to the directors that there «s 500 ft of oil in No. 2 well, mostly pure, hut a small portion mixed with debris 'ffsfi a niud vein, struck recently. Iron teaks are being moved over to the well tiiold the oil, which, Mr Simpson says, ' getile down to two barrels a day, (Tnernape' develop to fifty barrels or more The directors advise shareholder not to be led away, as it is impossible yet to say what the prospects may bat they can rest assured that they be promptly informed.
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Auckland Star, Volume XXXIX, Issue 249, 17 October 1908, Page 7
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179TARANAKI OIL. Auckland Star, Volume XXXIX, Issue 249, 17 October 1908, Page 7
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