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Show ENGLISH OIL STRIKE LACKS IMPORTANCE j Vice Consul Merrill at London reports, I according lo the Boston News Bureau: "It. ly thought by some mining experts that officials have been somewhat prenia- i ture in announcing the recent to-called 1 strike of oil in Derbyshire, for they do not consider that this occurrence of oil may be designated as more than a 'good ! show,' as described by the drillers. I "Some believe the 'find' to be filtered j oil discovered below the parent oil sand, ' and therefore holding out no prospect of , striking oil in greater quantities at: greater depths. It is considered that the , real oil-bearing stratum of the district is in the- Millstone Grit formation, and i has already been passed through. Some j signs of oil and gas were discovered in j the porous beds of the Millstone Grit, i but the petroleum seems to have been I displaced by water. It is thought possible , that further shows of oil will be met with at greater depths, but this discovery of j filtered and dead oil is not regarded as a hopeful fign at the depth and In the j particular conditions. "Alt hough othfr fields' lit Derbyshire may prove somewhat better, results obtained ob-tained in this particular drilling do not , make tho prospects appear hopeful." |