DRILLING FOR OIL
OPERATIONS AT TOTANGI GOOD PROGRESS REPORTED (By Telegrapb.—Press Association) GISBORNE, Thursday The following report was issued this morning by the New Zealand Petroleum Company, Ltd., relative to the progress with the Totangi bore:— “Boring has now reached a depth of 2070 feet. The drill at present is in sandstone.’* The officials of the company declined to supplement the bare progress statement, but it is gathered that the operations at Totangi are progressing normally and according to schedule. There is apparently nothing to justify rumours which were in circulation in some centres yesterday, and which had the effect of depressing oil shares on the stock market.
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Bibliographic details
Waikato Times, Volume 123, Issue 20668, 1 December 1938, Page 10
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108DRILLING FOR OIL Waikato Times, Volume 123, Issue 20668, 1 December 1938, Page 10
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