§ Sir T. Rosbotham
asked the Secretary for Mines whether he is in a position to 777W state what are the prospects of finding oil from the result of borings at Formby?
§ Mr. Lloyd
The D'Arcy Exploration Company who are the licensees for this area are at present engaged in drilling boreholes for geological purposes with a view to determining the nature of the deeper structural conditions. In one of these boreholes a certain quantity of oil has been met with, but it is impossible at this stage to assess the value of the discovery.