Excerpt from Old Finding: An Introduction to the Geological Study of Petroleum
Mr. Cunningham Craig's "Oil-finding" is a laudable and successful attempt to deal with a subject which has hitherto received far too little attention, and those who have within recent years had occasion to deplore the waste of money which has resulted from the publication of injudicious reports on lands presumed to be oil-bearing, and from the unscientific manner in which drilling operations have been conducted, will regret that this book was not published long ago.
The author points out that the foundation of the successful petroleum enterprise must be laid by the geologist rather than by the engineer, and he states that the present work has been written for geologists, and especially for young geologists; but it may be added that, to a large extent, the views expressed are couched in language so free from technicalities that the work may be studied with profit by a far wider circle, including, in fact, all those who are interested in the petroleum industry, either in an administrative capacity, or as investors.
With the aid of this book, and the exercise of common sense, those who contemplate investment in petroleum under takings may place themselves in a position to form an in dependent opinion as to whether the technical data given in a prospectus are adequate, and are such as to justify the appeal for subscriptions. Similarly, the shareholders in petroleum projects which are of an exploratory nature, or in which the work of exploitation is passing through the earlier stages, may learn to interpret reports of progress which at present they find unintelligible.
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