PETROLEUM NEWS
A meeting of the directors of the Taranaki I'elroleuni Company was held last, evening. H was reporLeil | that a cable reply regarding nil expert was expected from Canada at anv time. Ah extra driller had been engaged, and al the beginning of tin* new year two shifts will be engaged on No. :i bore, when; t!ie work of reaming' and recasing is rapidly progressing. Tinoil indieal ions here are excellent. No. 4 bore \\ill be started early in the new year. The derrick at \ T o. 3i* nearly completed, and boring opera j lions will l»e commenced as soon as a stall - i* available. Work is proceeding slowly at Xo. :l i bore. .Many difficulties iiave had iu ' be overcome, as was the case with >,'o. 1 bore, but it is hoped to have thing* thoroughly under way shortly. The present market isolations for Taranaki oil shares is J.'Js (Jd. A call of 2a Od on tlie contributing shares of the Taranaki I'et roleum Company has been juade, payable on Ulh danuary.
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Bibliographic details
Taranaki Daily News, Volume XLVII, Issue 81910, 22 December 1906, Page 2
Word Count
174PETROLEUM NEWS Taranaki Daily News, Volume XLVII, Issue 81910, 22 December 1906, Page 2
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