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Show BRITISH DISCOVER OIL ON WEST MEXICAN COAST s MEXICO CITY. Oct. 9 Petroleum ! ha been discovered in the state of! I Oaxuca, according to advices received i here. Prospectors have been busy re-Icently re-Icently In all parts of tlr. republic, and there liave been manv rumors relative to the finding of new oil fleldt ' but this Is the first authentic report I that has been received of a producing1 well The oil was found upon a concession held by the Oaxaca Petroleum Estates, i Ltd.. a nritish concern which holds I about 200.000 acre,, m the state of j Oaxaca. This territory has a 35 mile I frontage on the Pacific ocean anil en-1 Joys the advantage of two natural ports Puerto Angel Hnd Santa Cruz. |