PETROLEUM NEWS.
MEETING OF DIRECTORS
The weekly meeting of directors of Fie T iranaki Petroleum Company was hold last night, when the manage-; reported as follows:No. 2 boro is keeping up the weekly .'low of oil.
No. 3 boro is at a depth of 4020 ft., and drilling is proceeding through good country with a strong show of gas. On Wednesday night the oil Sowed freely. All the signs.point to probable early interesting developments.
’ No. 5 boro is at a deptli of 1570 ft., and operations arc proceeding satisfactorily. The indications are very favourable. Good progress is being made in constructing the now underground tank. Notification having been received of the Hon. J. A. Millar’s visit, to New Plymouth on Tuesday, the directors have arranged for him to go out to the works at Moturoa at 10 a.m.“News.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/STEP19110610.2.16
Bibliographic details
Stratford Evening Post, Volume XXIX, Issue 94, 10 June 1911, Page 5
Word Count
138PETROLEUM NEWS. Stratford Evening Post, Volume XXIX, Issue 94, 10 June 1911, Page 5
Using This Item
Copyright undetermined – untraced rights owner. For advice on reproduction of material from this newspaper, please refer to the Copyright guide.
Log in