FIRST BIG WELL in Central America has been brought in by California's Union Oil Co. in Costa Rica. After several dry wells on 3,500,000-acre concession near Panamanian border, Union hit 1,000 bbls.-per-day well at 4,950 ft. Union considers find "of tremendous importance," will next start drilling on 350,000-acre concession in Panama.
BOEING JETLINERS will go into service on Australia's Qantas Empire Airways. For $50 million, Qantas will buy seven long-range, 550-m.p.h. Boeing 707s, get its first deliveries in May 1959 for Pacific and Australia-London routes, expects to be first foreign line to operate...
To continue reading:
or
Log-In
