TARANAKI OILFIELDS.
(By Cable.—Press Association.—Copy right.) LOSTDOX, .Tune 29. The Inglewood (New Zealand) Oilfields Company, with a capital of £100,000, has been registered. A New Plymouth "Daily News" representative interviewed the chairman of directors of the Inglewood Oil and Prospecting Company (Mr. Thomas Furlong, jun-), who stated that the syndicate with whom he had been in communication was represented in New Zealand by Mr. A. T. Bate, of Wellington, who had assured him that the directors were a strong and wealthy syndicate. They will work properties and options over 7500 acres in Inglewood district and 12,000 acres in Mokau, and conclusively test its resources. If warranted big prospecting, a larger company will be formed, in which the present shareholders will have a third interest, besides a probable cash, payment. Meanwhile the company will not transfer any of its options or interests. The syndicate is prepared to expend a lar<*e amount of its capital in prospecting.
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Auckland Star, Volume XLII, Issue 154, 30 June 1911, Page 5
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155TARANAKI OILFIELDS. Auckland Star, Volume XLII, Issue 154, 30 June 1911, Page 5
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