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WestSide Corporation Limited
ASX:WCL ISIN:AU000000WCL0
News
As Operator of the Meridian gas fields near Moura in Queensland's southern Bowen Basin, WestSide Corporation Ltd (ASX:WCL)(OTCMKTS:WBRIF) is pleased to advise that the first phase of the field's expansion is on track to start within one month when drilling commences on the first well of a six-well program.
WestSide Corporation Limited (ASX:WCL) has received notification that Landbridge Energy Australia Pty Ltd has acquired 14,264,365 WestSide shares off-market at $0.32 per share, constituting approximately 3.2% of WestSide's issued share capital.
Attached is a copy of a letter being sent to WestSide Corporation Limited (ASX:WCL) (OTCMKTS:WBRIF) shareholders in connection with the approach by Chinese company Landbridge Group Co., Ltd announced on 10 March 2014 and WestSide's subsequent execution of a gas sales agreement with GLNG announced on 27 March 2014.
WestSide Corporation Limited (ASX:WCL) (OTCMKTS:WBRIF) Open Briefing - MD Mike Hughes on GLNG Gas Sales Agreement. Record of interview.
WestSide Corporation Limited (ASX:WCL) Westside investor and media briefing details. Copies of WestSide’s announcement and the investor presentation have been released to the ASX this morning and are also available from the Company’s website.
WestSide Corporation Limited (ASX:WCL) is pleased to announce that the Meridian joint venture has signed a binding 20-year agreement to sell gas to the GLNG project, with market pricing based on an oil-linked formula.
WestSide Corporation Ltd (ASX:WCL) has notified the Queensland Department of Natural Resources and Mines that it will relinquish its interests in ATP 974P and ATP 978P in Queensland's Galilee Basin to focus on development of its producing Meridian SeamGas gas field.
Revenue from continuing operations for the six months to 31 December 2013 was $5.0 million (2012: $4.7m), including $4.0 million from Meridian SeamGas operations (2012: $4.0m) and $0.3 million in interest income (2012: $0.6m).
WestSide Corporation Limited (ASX:WCL) reported an operating loss for the six months to 31 December 2013 of $5.65 million, consistent with the $5.62 million loss reported for the previous corresponding period.
The Board of WestSide Corporation Limited (ASX:WCL) has extended the share trading 'closed period' for key management personnel (including Directors) and employees until the time that the Company's March quarter Activities Report is issued (expected to be late April).
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