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WestSide Corporation Limited
ASX:WCL ISIN:AU000000WCL0
News
AUDIO: Westside Corporation Limited (ASX:WCL) has interests in coal seam gas or CSG projects in Queensland and Indonesia. Yesterday the company announced the major acquisition of two exploration tenements in the north west of Queensland's booming Gallilee Basin covering more than 14,000 square kilometres and believed to contain up to 21 Trillion feet of gas.
WestSide Corporation Limited (ASX:WCL) will secure a significant foothold in Queensland's coal-rich Galilee Basin under an agreement to acquire two petroleum exploration tenements. The Company will target Coal Seam Gas (CSG) at the two pending exploration tenements, ATP 974P and ATP 978P, which cover a combined area of 14,480 km2 in the north-western part of the Galilee Basin.
WestSide Corporation Limited (ASX:WCL) today announced the expansion of its 2009 coal seam gas (CSG) exploration program, with up to 16 new holes now planned to be drilled in the Company's two Bowen Basin tenements. The program also has the option for five more wells in early 2010.
WestSide Corporation Limited (ASX:WCL) Quarterly Activities Report For June 2009 will build on its initial certification of gas reserves at the Paranui and Tilbrook coal seam gas (CSG) projects in Queensland's Bowen Basin over coming months. Further drilling in the Mount Saint Martin and Tilbrook precincts of ATP 688P is planned following promising results from the recent core wells.
WestSide Corporation Limited (ASX:WCL) will build on its initial certification of gas reserves at the Paranui and Tilbrook coal seam gas (CSG) projects in Queensland's Bowen Basin over coming months. Further drilling in the Mount Saint Martin and Tilbrook precincts of ATP 688P is planned following promising results from the recent core wells. It is likely that new lateral wells will be drilled at the Tilbrook pilot once production testing of the Tilbrook #8 horizontal well confirms the success of that well design.
WestSide Corporation Limited (ASX:WCL) has appointed experienced international drilling company, Boart Longyear (ASX:BLY)(PINK:BOARF) to operate, maintain and manage the new Schramm TXD 'Telemast' drilling rig currently being commissioned by WestSide in Brisbane.
WestSide Corporation Limited (ASX:WCL) is pleased to announce the certification of its first coal seam gas (CSG) reserves at its Tilbrook and Paranui pilots in Queensland's Bowen Basin.
WestSide Corporation Limited (ASX:WCL) is pleased to announce the certification of its first coal seam gas (CSG) reserves at its Tilbrook and Paranui pilots in Queensland's Bowen Basin.
Yesterday the Australian market concluded the last day of the financial year higher, led by energy and retail sectors. The benchmark S&P/ASX200 index gained 68 points, or 1.75 per cent, to 3954.9 points, while the broader All Ordinaries index was up 65.1 points, or 1.68 per cent, to 3947.8 points. The ASX200 has posted four consecutive months of gains.
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