PETROLEUM OPERATIONS.

Dominion, Volume 3, Issue 733, 4 February 1910, Page 8

PETROLEUM OPERATIONS.

. ENCOTJItAGING OUTLOOK. ;. , (By Teleßrarh.—Press . Associatiod.)

. .New-.Plymouth. February 3. The progress of ovents in v.petro'leum operations continue most encouraging, and •everything points-to tho. belief;that a per-.manent.-,supply, has days ;ago.'the .manager', sliutvoff-{ho;Supply from. • £ho v vein rwliich was struck'' at : : 2620 ft., by lowering . -the ,casing -past .it-,, in< order; to ; bore • deeper." Boring in 'sandstone, every foot showed-that another vein was not far 'away,'.and'.'at .midnight laat night, at a depth - of' 2670ft1, a new. •oil / seam waß tapped, which,: before the mouth of the bore should bo capped and the flow diverted into- the tanks, hiirled,; oil .and, silt , higli above th'e\s6ft; thing witliiriVa radius rof s looft. After >a display of; over, an hour, this, uressure., at the mouth of the- *wtll"«was successfully capped, and the flow diverted into tho reservoir, and has continued almost without intermission - ever, .sincq. ; j As .-.iieaiv. aB;, can bo/'gaugedr'thisYveinAißNalsoproducing at'; •tho rate., of•:b'etweon" 40 'and 50 ;.barrels »of' pure/oil -per 24 'hours; "-It-'wilV probably : bealso allowed to flow uninterruptedly for a few days,,and when the opportunity offers an attempt will be made to push the casing .past it to enable the hole to be'drillcd* deeper. As soon as the hole lias been: prospected to a greater, depth, the casing will be perforated opposite cach vein, and :tJie-full\oil,:capa<iity. of,the..whole .well will' tie utilised.-. 'Pumpiug operations havo been resumed at No; 3 bore, and'from eight to. ten barrels 'are' daily being secured; 1 Deeper, boring will probably: be commenced ,at this .bore qlso;-shortly. \lt is also expetted that Noi 1 will be producing in the course *\f?a''few days. The.'company has now over forty thousand gallons of crude petroleum in stock, and is" waiting confirmation of. an order for 500 barrels from the Government.' The local -market is very firm, holders refusing to x quit.