PETROLEUM.
A PROMISING OUTLOOK. ! Per Press Association, j NEW PLYMOUTH. October 19. The indications at No. 2 bore of the Taranaki Petroleum Company arc exciting considerable interest, locally and the bore is .showing splendid indication?. Today ten barrels- of oil,were collected from the natural flov. but tlie pressure was still too strong (o permit, of a steady :nn. There i;j absolutely no vestige «>f wafer inside the casing, thus the greatest obstacle to success has been overcome. The j oil which was up to the 900 feet level in I th* pipe on Saturday was this evening ; "till rmng at 2000 ft, within 200 ft. of ! the top of the casing over which it peri- I odieally spouts as gas pressure i< eared. ; From present indications the oil should • be flowing steadily to-morrow. j iiiwiiiiiji if
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Bibliographic details
Timaru Herald, Volume XIIIC, Issue 13729, 20 October 1908, Page 5
Word Count
136PETROLEUM. Timaru Herald, Volume XIIIC, Issue 13729, 20 October 1908, Page 5
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