Papua?
p. 17 · Read in the full issue
Is There Oil In
Drill Soon Will Give the Answer
ALL the machinery taken to Papua by Australasian Petroleum Co., Pty., Ltd., has now arrived on the sel ected site on the Vailala River, Papua, and a large part of it is in nosition. It is expected that drilling will commence in January. Quite a township has been established there, in the deen, tropical jungle.
The structure chosen for this first greatest drill has been closely examined and submitted to intense geographical surveys by the field staff—and hopes are high. It should be borne in mind, how ever, that, so far as oil is concerned, Papua is a virgin country and, al though undoubtedly it offers excellent prospects, it is quite impossible to say that oil will be produced in Papua until the drill has given the last word.
Gas flows and seepages of oil have been known in Papua for 20 or 30 years but, as the world’s greatest oil experts insist, the drill remains the final arbiter.
If there actually is commercial oil in Papua it should be found on this occa sion. APC Pty., Limited, up to date, has spent more than £700,000 on surveys and drilling equipment.