1 AUGUST 1925, Page 28

PETROLEUM PROSPECTS.

At the recent meeting of the Phoenix Oil Company, the chair- man was in the satisfactory position of being able to declare a maiden dividend, and, on the whole, his views concerning the outlook were of a hopeful character. The experience of the past few months as regards their oilfields in Rumania had, he said, increased the Board's belief in the oil-producing potentialities of the various fields under development. Sir Edward Manville also took the view that in the future there should be higher prices for petroleum generally.

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