(Standard, December 26th.) From a party of gentlemen who visited the Company's works on Saturday last we gather tho following information. The whole of the works are now completed, and, massive as they are, they have been finished in such a manner as reflects great credit on the manager, Mr W. W. Par sons, who superintended the work, and the builders who executed it. The derrick is 64ft in height, and appears at a distance like a- lighthouse ; the walking beam is 27ft long, and weighs about a ton and a half j the sampson post, which supports it, is of timber, 20in. square at the butt, and lift, long, let into a balk of timber of the same width, 30ft. long* tho bull wheel, 6ft. , diameter, has the rope, sin., ready coiled on it. The manager will commence boring immediately on reaching the bed-rock ; the shaft which is being put down for that purpose was, on Saturday last, 45ft. in depth, and as the foundation is getting, more solid every, foot there is great probability of the rock being reached this week. A large quantity of. oil is now wel ling up -from the bottom of the shaft, and in the interval between the men leav ing work on Saturday night and ten o'clock on Sunday morning about 3ft. of oil had accumulated, the shaft being sft. 6in. ■ by 3ft., it may therefore be safely estimated that petroleum to the amount of eight or ten barrels per day is now be being' obtained, and this, moreover, without, obtaining a flow ; it is sim ply forcing its way upwards through stiff blue clay, showing the enor mous natural forces at work below which could cause such an exudation. The presence of payable oil may be said to be practically solved, as oil that will exude naturally to the extent of eight barrels per day, will, when the vein is reached and pumping power applied, produce 20 times that quantity, although the proba bilities are, from the immense amount of gas which comes up with tho oil, that it will be a "flowing well," and pumping will not be required. Wo have had a sample of crude oil forwarded to us by Mr Stubbs, which all interested can inspect at our office. 