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WESTSIDE CORPORATION LIMITED - ASX: WCL
The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.
Description
WestSide Corporation Limited (ASX code: WCL) is a publicly listed Brisbane-based Coal Seam Gas (CSG) explorer and producer with certified reserves and a diversified portfolio of projects in Queensland.
The Company is stratgically well positioned to take advantage of the potential value of its resources from marketing opportunities to downstream industrial applications and access to Australia's domestic gas market.
WestSide operates the Meridian SeamGas CSG gasfields 160km west of Gladstone in Queensland's Bowen Basin in joint venture with Mitsui E&P Australia. The Company holds a 51 per cent interest with Mitsui E&P Australia holding the remaining 49 per cent.
WestSide also holds 50 per cent joint venture interests with QGC in other CSG projects with exploration and appraisal programs currently underway at the Paranui, Tilbrook and Mount Saint Martin pilots within ATP 769P and ATP 688P in Queensland's Bowen Basin.
The acquisition of ATP 974P and ATP 978P covering more than 14,000 square kilometres in Queensland's Galilee Basin has also provided WestSide with a longer term growth focus in joint venture with Mitsui which is farming in to earn up to 49 per cent in each tenement.
WestSide has a strong board, skilled management and is committed to operating a safe and sustainable business.
Current Reserves: 30 1P, 94 2P, 381 3P
Goals:
* Increase gross 2P reserves at Meridian SeamGas by up to 200PJ in 2011 and by up to 400PJ in 2012
* Increase production at Meridian SeamGas toward 25TJ/d by late 2012
* Secure Petroleum Leases over Bowen Basin properties
* Expansion of CSG asset base
FY2011 December Half Year Review Presentation - March 16 2011
Half Yearly Accounts - March 09 2011
Mine For
coal seam gas
Location of operation(s)
Queensland
Australian Basins
Bowen, Galilee
Address
Level 8, 300 Queen St
BRISBANE, QLD, AUSTRALIA
Phone
(61 7) 3020 0900
Website
http://www.westsidecorporation.com
Last Updated
17/03/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
