[?]Ssure At Kuru Bore?

[?] At Means The Gas

ER since Australasian Petroleum Ltd. reported sub stantial gas at 998 feet in the bore at Kuru, in the Gulf of la region, oil share quotations : been jumpy on the Australian c exchanges. ie speculators were still asking t such a gas manifestation nt when it was reported that Myron Kinley was actually in la, looking the situation over.

Kinley has a world-reputation an oilfields engineer, and is d upon from the highest levels sal with unusual situations.

London report said that Mr. ey is in Papua because the i well has blown out, and he been asked to bring it under rol. i one in authority has given slightest hint of the value of gas manifestation. But the sen c e of Mr. Kinley is guing. was announced on February 9, the Kuru well which

continues to flow gas in large quantities—could not be controlled and would be sealed off. Two more holes will be put down—one directed towards the bottom of the sealed off well and another, at same distance, to evaluate the Kuru structure generally.

Meanwhile, Oil Search shares (Oil Search has a ten per cent. share in the AP Co.) have been fluctuating between 10/9 and 17/-.