WESTSIDE CORPORATION LIMITED 
WestSide has not received any notice to exercise these Performance Rights. In accordance with the terms of offer for these Performance Rights, they will expire and cease to exist if not exercised on or before the first anniversary of the first date on which they were able to be exercised (if they have not lapsed earlier in accordance with the terms of the WestSide Employee Performance Rights Plan).
WestSide and all of its Directors continue to recommend that shareholders take no action with respect to Landbridge's offer.
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:
Mike Hughes WestSide Corporation Limited Managing Director and CEO Tel: +61-7-3020-0900 Damian Galvin WestSide Corporation Limited Company Secretary Tel: +61-7-3020-0900
