WestSide Corporation Limited (ASX:WCL) has undertaken a strategic review of the business following the withdrawal of PetroChina International Investment Company Limited's (PetroChina) non-binding proposal to acquire 100 per cent of the Company.
WestSide Corporation Limited (ASX:WCL) has been advised by PetroChina International Investment Company Limited (PetroChina), which submitted an indicative, non-binding proposal to acquire 100 per cent of the shares in WestSide on 19 November 2012, that it will not proceed with the proposal.
During the March quarter WestSide Corporation Limited (ASX:WCL) engaged with independent certifer MHA Petroleum Consultants LLC to deliver another substantial increase in the Company's net certifed reserves across all categories including a 34.5% increase in Proved and Probable (2P) reserves to 347 PJ.
During the March quarter WestSide Corporation Limited (ASX:WCL) engaged with independent certifier MHA Petroleum Consultants LLC to deliver another substantial increase in the Company's net certified reserves across all categories including a 34.5% increase in Proved and Probable (2P) reserves to 347 PJ(1).
WestSide Corporation Limited (ASX:WCL) advises that discussions are continuing with parties which have expressed an interest in entering into material transactions with the company, including the potential acquisition of 100% of the shares in WestSide.
WestSide Corporation Limited (ASX:WCL) is pleased to announce a significant upgrade to its certified reserves after receiving a new reserves report on the Meridian SeamGas CSG gas field near Moura in Queensland's Bowen Basin.
WestSide Corporation Limited (ASX:WCL) advises that it is continuing to progress discussions with the party which submitted an indicative, conditional, non-binding and confidential proposal on 19 November 2012.
