COMMERCIAL.
TARANAKI OILFIELDS LTD. It is claimed that a notable feat in mining was performed by the field staff of Taranaki Oil Fields, Ltd., in recovering the whole of tho 360011. of casing front the company’s No. 1 bore at Gisborne after a hi oak had occurred all a depth of oGOlt. Such mishaps often lead to the bore being abandoned, together with the casing in it. Drilling is to be continued, with G|in. casing because officials of- the company are hopeful that they ape nearing oil sand, the existence of which was indicated by a geological examination of the field. remaining to be treated is regarded by the company’s experts as one of much promise. Although a large amount of money has been spent on exploitation and drilling, funds in hand are said to be sufficient" for present requirements,
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Bibliographic details
Gisborne Times, Volume LXVIII, Issue 10724, 23 October 1928, Page 3
Word Count
140COMMERCIAL. Gisborne Times, Volume LXVIII, Issue 10724, 23 October 1928, Page 3
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