TARANAKI OIL.

Lyttelton Times, Volume CXV, Issue 16492, 6 March 1914, Page 8

TARANAKI OIL.

[Per Press Association.]

NEW PLYMOUTH, March 5.

Since , the first indications of oil in the rotary bore of the Taranaki New j Zealand Oil Wells Limited, about-.ten J days ago, drilling has. been carried, j down to an oil seam 'similar to than; met with in No. o well. To-day a! powerful gas seam was penetrated at the bottom while drilling, and. the manager reports that he has hot. wit-, nessed a stronger outbreak in Moturoa ; fields: This outbreak commenced at: 4.30 and lasted till 7 p.m., when;the well was capped and the .flow of oUI diverted into the iron tank’s. ’ The gas j is now as strong as ever,'and-the .oil ■ is increasing. It is impossible at .present to determino tho yield of oil, but the manager states that the well gives promise as good as any on the Moturda field. ' .' • iv;:

The report of Mr Morgan; the Government geologist, in his report on*tho alleged flooding of the field, has been received. He found that the evidence or" flooding is not conclusive, but!wifi a view to reducing the risk of any pos* sible danger in that respeet he -mikes certain recommendations as to inspect tion which will be acceptable to tw oil prospecting companies .at present operating in the New Plymouth trict. These regulations are in oper** tion in other oil-boring countries;: ; v