WestSide Corporation Limited (ASX:WCL) Completed First Phase Of The Meridian SeamGas Reserves Expansion Exploration Program

Brisbane, May 31, 2011 AEST (ABN Newswire) - As Operator of the Meridian SeamGas CSG gas fields, WestSide Corporation Ltd (ASX:WCL) is pleased to advise the drilling of the MER09X exploration well has been completed, ending the first phase of the Meridian SeamGas reserves expansion exploration program.

This well was the last of a 10-well exploration program aimed at increasing certified 2P reserves within the Meridian SeamGas CSG gasfields by up to 200 Petajoules (PJ) gross.

The MER09X well reached a total depth of 1029 metres on 23 May 2011 and has now been tested and suspended as a future monitoring well. The well intersected 21.5 metres of net coal measured in accordance with expectations.

Data sets from the entire program data have now been provided to independent certifier NSAI, together with a revised field development plan to support the targeted reserves upgrade which is expected to be finalised early in the 2011-2012 financial year.

An original plan to drill nine exploration chip or core holes and seven appraisal/pilot wells was subsequently adjusted, based on the positive results being achieved and efficiencies from conducting appraisal in a known producing field.

The next phase of the Meridian reserves expansion exploration program is currently being planned, with final locations dependent of the results of NSAI's 2P modelling.

For the complete WestSide announcement including figures and tables, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/232304.pdf

Contact

Julie Beeby Chief Executive Officer WestSide Corporation Limited Tel: +61-7-3020-0900 Richard Owen Investor & Community Relations Manager WestSide Corporation Limited Tel: +61-7-3020-0900 Mob: +61-412-869-937 Email: richard.owen@westsidecorporation.com