THE OIL INDUSTRY.
GISBORNE COMPANY'S AFFAIRS.
[BY TELEGRAPH.—OWN CORRESPONDENT.]
Gisbornk, Monday. At a meeting of directors of the Gisborne Oil Company the manager's report was read, starting that the bore was now in a sticky pug ; clay, " The chairman explained what -he had done in arranging for Dr. Bell to come and : confer as to whether the company should go on. If they were to go on another string of casing would! have to, be put in, and it really required expert advice to say whether the directors were justified in doing this, considering the comparatively small distance travelled in the last * string. It was pointed out that two - further .strings could still be put"' in, ; - but "the - question was whether it was "wise to exhaust sO much of ■ the funds of the company if it was probable that ultimately they would have to put down still stronger casing 'to get through. i li was arranged that the whole question I should>be left till Dr. "Bell had had an opportunity of • thoroughly examining the well, when a conference would be held. Dr. Sell visits the well on Monday.
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New Zealand Herald, Volume XLVI, Issue 14231, 30 November 1909, Page 5
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188THE OIL INDUSTRY. New Zealand Herald, Volume XLVI, Issue 14231, 30 November 1909, Page 5
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