WESTSIDE CORPORATION LIMITED 
By 
Managing Director Mr Mike Hughes said drilling had commenced this week on the first well in the Phase 1 development program and that this well would be commissioned in July.
"Significantly, this will be the first new production well to have been drilled in the Meridian field for more than 18 months," Mr Hughes said.
"Drilling for this Phase 1 program, involving six new production wells, is scheduled to be completed in August. Planning is also underway for the next phase of drilling and work has commenced on options for compression expansion in the field."
About WestSide Corporation Limited:
WestSide Corporation Limited is an ASX-listed company (ASX:WCL) (OTCMKTS:WBRIF) with gas production, significant gas reserves and exploration interests in Queensland.
WestSide operates the Meridian SeamGas gas 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%. The Meridian joint venture has executed a binding 20-year gas sales agreement with the GLNG Project at Gladstone to supply up to 65 Terrajoules of gas a day from 2015 at prices based on an oil-linked formula from 2016.
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%).
Additional information is available on WestSide’s website: www.westsidecorporation.com
Source:
WestSide Corporation Limited
Contact:
WestSide Corporation Limited T: +61-7-3020-0900 F: +61-7-3020-0999 WWW: www.westsidecorporation.com
