TARANAKI PETROLEUM.

Timaru Herald, Volume XCIV, Issue 14392, 6 January 1911, Page 2

TARANAKI PETROLEUM.

—. ♦- THE FLOWING WELL. (Per Press Association.) NEW PLYMOUTH, Jan. 5-To-day marked the auniyersary or » n the Taranaki Pi.troU.um Company 9* field at Moturoa commenced to Bow on its own account, and it -<--f flowed continuously, ever since, generally at the rate or a hundred .barrws Ser week, each barrel containing 40 gllons Not the ivholo of tin. «nou»l lias Been saved, as for some time drillooerat ous prevented tho oil being Efc nfo underground tanks The, act»ul quantitv saved is not ascertainable, but it is stated that tho Company is. nca e than most people believe to 1 '* 1 "" for tlic first payment of (ta t»<» e F" £Lt bonus offered for the production of crude petroleum in the Dominion. It bad at first been intended to have some Und of function at the bore todav but this has been deferred, for while- as tho directors have mvaed delegates to tho Thames Conference of Australasian Mining Engineers to visit the field at the end of this month, and if thov accept, tho directors will endevour to arrange for a gathering of tho Dominion's newspaper editors at the same time. . . . Tho wells aro now being visited i>y hundreds of people, and these include larg? numbers from outside, who ore astounded at the results achieved. That there is oil at" Moturoa is now proved, and in commercially payable quantities. The policy of the directors in throwing open the property to visitors is having a good effect, and the fact that the oil has flowed for twelve months is very pleasing and nniqne.