TARANAKI OIL FIELD.

Colonist, Volume XLVIII, Issue 11737, 20 September 1906, Page 3

TARANAKI OIL FIELD.

> New Plymouth? September 19. In conn > fttion"with the reporter Standard Oil Trust uegoliatiioris o the Tarnaki oilfield, the position i tha4:Mes3rs Vetrie and Nelson, wh hare floated tho New Plymouth Oi Company, and otLers in Dunsdi and elsewhere, are in negotiation with representative:; rf the Standari Oil Company in Sydney for the dis nosal of certain of their options The syndicate': representative hi stated that the local oil is bo rich i bypoducts that Standard oil coul pot compete against th

local article, and would ; consequenty erect works here, and endeavor to hold the market in that, way. The Sydney representative of the Borneo oil wells has also secured samples of oil from Ngaire Swamp, near Eltham, for submission to his London directorate, and operations fora (hat quarter are also oxpoetoo. Meantime Mr Way, engineer to : the syndicate, is securing a plant in bj"noy to commence boring *,on toe Bonithon Estate, close to the town. Boring operations are being,vigoroußly pushed forward by^tho iara naki Petroleum Company on two bores.