PETROLEUM BORING.

Manawatu Standard, Volume 9133, Issue 9133, 4 February 1910, Page 2

PETROLEUM BORING.

| (PEE JfKES9 ASSOCIATION.) NEW PLYMOUTH, Feb. 3. Tho progress of events at. the petroleum bore continues most encouraging, and everything points to tho belief that a permanent supply has been struck. Two days ago the manager shut off the supply from the vein which was struck at 2620 feet by lowering the casing past it in order to bore deeper. The boring in tho sandstone showed that another vein was not far away, and at midnight last night, at a depth of' 2670 feet, a new oil scam was tapped, which before the mouth of the bore could be capped and the flow diverted into the tanks hurled oil and silt high above the 50ft derrick, covering everything within a radius of 100 feet. After a display of over an hour at this pressure the mouth of the well was successfully capped and tho flow diverted into the reservoir. It has -continued almost without intermission ever since. As near as can be gauged this vein is also producing at the rate of between 40 and 50 barrels of pure oil per 24 hours. It will probably be also allowed to flow uninterruptedly for a few days, and when an opportunity offers an attempt will be made to push the. casing _ past it to enable the hole to be drilled deeper. As soon as the hole has been prospected to a greater depth the casing will be perforated opposite each vein and the full oil capacity of the whole - well be utilised. Pumping operations have been resumed at No. 3 bore, and from eight to ten barrels daily are being secured. Deeper boring wili probably be commenced at this bore also shortly. It is also expected that No. 1 will be producing in the course of 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 quit.