WestSide Corporation Limited (ASX:WCL) Updates On Meridian SeamGas Reserves Expansion Exploration Drilling
Brisbane, Dec 6, 2010 AEST (ABN Newswire) - As Operator of the Meridian SeamGas CSG gas fields, WestSide Corporation Ltd (
ASX:WCL) has commenced drilling the MER01V pilot production well in PL 94 in the Bowen Basin near Moura after successfully drilling the adjacent MER01X appraisal well.
The MER01V production pilot well spudded at 21:30 hours on 3 December 2010 and was drilling ahead at 35 metres when operations were suspended due to wet weather. Operations will resume as soon as practicable.
Dominion Drilling's DR02 rig will drill the well to a planned target depth of 520 metres.
MER01V is the second well in a 16-well exploration program designed to increase the Meridian SeamGas joint venture's gross proved and probable (2P) reserves by up to 200 petajoules.
The MER01X appraisal well intersected the targeted Baralaba Coal Measures and Kaloola Formation with total net coal measured exceeding 15 metres. Core samples will undergo further testing and analysis.
WestSide will issue regular updates as and when appropriate as the reserves expansion exploration program progresses.
PL 94 coal seam gas drilling program (Meridian SeamGas)
Well: MER01X
Well Type: Appraisal
Spud Date: 17 November 2010
Finish Date: 27 November 2010
Current Status: Drilled to 500m. Cores taken, tests underway. Being used as an appraisal well.
Well: MER01V
Well Type: Appraisal
Spud Date: 3 December 2010
Finish Date: In progress
Current Status: At 35m before wet weather interrupted operations.
For the complete WestSide announcement including Meridian SeamGas Reserves expansion exploration drilling program, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/64357-ASX-WCL-227073.pdf
Contact
Dr Julie Beeby
Chief Executive Officer
WestSide Corporation Limited
Tel: +61-7-3020-0900
Richard Owen
Investor & Community Relations Manager
Tel: +61-7-3020-0900
Mob: +61-412-869-937
richard.owen@westsidecorporation.com
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