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[?]W Caledonia Oil

GENERAL meeting of share holders of the oil prospecting company at Noumea was to be early in October to decide on nuance or abandonment. 2 company, Societe de Re he et Exploitation du Petrole elle Caledonie, formed last had a capital of 10,000,000 ic francs, much of which has expended on drilling opera ires are held 65 per cent, by Government Bureau de Re hes du Petrole de Paris, 15 per by the New Caledonia Gov ent, and the remaining 20 per by New Caledonia individuals companies.