WestSide continues to recommend that shareholders take no action with respect to Landbridge Group Co. Ltd's conditional notice of intention to make a conditional offer.
About WestSide Corporation Limited:
WestSide Corporation Limited is an ASX-listed company (ASX:WCL) with gas production and significant uncontracted gas reserves and exploration interests in Queensland.
WestSide operates the Meridian SeamGas CSG fields west of Gladstone in Queensland's Bowen Basin. The Meridian gas fields comprise a range of CSG assets including a petroleum lease, gas rights in mining leases and gas compression and pipeline infrastructure connected to Queensland's commercial gas network. WestSide holds a 51% interest in the fields with Mitsui E&P Australia Pty Ltd holding the remaining 49%.
Elsewhere in the Bowen Basin, WestSide is currently operating an exploration and appraisal program at the ATP 769P (Paranui) and ATP 688P (Tilbrook and Mount Saint Martin) sites. WestSide holds a 25.5% interest in the tenements with Mitsui E&P Australia Pty Ltd (24.5 %) and QGC (50%). WestSide also has a 51% operating interest in two Galilee Basin (Queensland) tenements (ATP 974P and ATP 978P) covering an area of over 13,280 sq km, with Mitsui E&P Australia Pty Ltd holding the remaining 49% in each.
Source:
WestSide Corporation Limited
Contact:
WestSide Corporation Ltd Mike Hughes Managing Director and CEO TEL: +61-7-3020-0900 WestSide Corporation Ltd Damian Galvin Company Secretary TEL: +61-7-3020-0900