OIL SEARCH
TOTANGI BORE
RUMOURS CURRENT
(By Telegraph—Press Association.)
GISBORNE, This Day.
The following report was issued'this morning by the New Zealand Petroleum Company, Limited, relative to , the progress with the Totangi bore. "Boring has now reached a depth of 2070 feet. The drill at present is. in sandstone." ■''.-■'.
Officials of the company declined *to supplement this bare progress statement, but it is gathered > that operations at Totangi are progressing normally and according to schedule.
There is apparently nothing to justify rumours which were in circulation in some centres yesterday and which had the effect of' depressing oil shares an the stock market. ■ -
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https://paperspast.natlib.govt.nz/newspapers/EP19381201.2.98
Bibliographic details
Evening Post, Volume CXXVI, Issue 132, 1 December 1938, Page 11
Word Count
103OIL SEARCH Evening Post, Volume CXXVI, Issue 132, 1 December 1938, Page 11
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