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BONUS FOR PETROLEUM.

FAID TO TARANAKI COMTAKY. (By Telegraph.—rress Association.) XEW PLYMOUTH, Wednesday. This morning tho Taranaki Petroleum Company was advised that the sura of £2500 had been lodged to its credit at the Bank of New Zealand by tne Government, being the bonus for the production of 250,000 gallons of crude petroleum. This established an easy record as the largest/»r|uantity of crude petroleum yet produced in Australasia. Since the Government inspector certified to the production of _HB,OOO gallons, the two Mowing wells, .N'os. 2 and .'I, have yielded many more thousands of barrels, and the store is being added to every day. There is a prospect also that No. 5 well will be brought in 'before long, and commence to add its quota to the yield.

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https://paperspast.natlib.govt.nz/newspapers/AS19110608.2.70

Bibliographic details

Auckland Star, Volume XLII, Issue 135, 8 June 1911, Page 6

Word Count
127

BONUS FOR PETROLEUM. Auckland Star, Volume XLII, Issue 135, 8 June 1911, Page 6

BONUS FOR PETROLEUM. Auckland Star, Volume XLII, Issue 135, 8 June 1911, Page 6