GREAT RISE IN OIL SHARES
ROMA BORE PROMISING. By Telegraph—Press Assn.—Copyright. Sydney, Oct. 18. Recent promising reports from the Jjema oil bore caused improvement in the shares of oil prospecting companies. Remas, which are now quoted on the Jftock Exchange, jumped from 55s to The latest report from Roma states that oil flowed at the rate of 100 gallons an hour from the bore on Monday Morning in the shape of white emulThis emulsion contains oil in a proportion of one-fifth to one-quarter of the whole. The valve was then closet), allowing only the gas to escape. ' The press ire of the ga» ie 49 pounds square inch;
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TDN19271019.2.94
Bibliographic details
Taranaki Daily News, 19 October 1927, Page 9
Word Count
108GREAT RISE IN OIL SHARES Taranaki Daily News, 19 October 1927, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.