Quarterly Activities Report
Brisbane, Jan 31, 2012 AEST (ABN Newswire) - WestSide Corporation Limited (
ASX:WCL) is pleased to provide a quarterly activities report for the period ended 31 December 2011.
HIGHLIGHTS
- Completed and connected remaining two of seven new dual-lateral well sets
- Drilled two new up-dip lateral wells and ready to pump the first
- Delivered 397,047 GJ of gas for gross revenue of A$1.27m
- Pretty Plains 10 achieved production highs of 800,000 scf/day
- Executed innovative gas swap agreement to provide access to third party gas
- Commenced drilling the second Galilee Basin grass roots exploration well
OPERATING HIGHLIGHTS
- Completed and connected remaining two of seven new dual lateral well sets for dewatering and gas production
- Completed the drilling of two up-dip lateral wells and commenced drilling a third
- Completed the first up-dip lateral ready to pump
- New well Pretty Plains 10 achieved a pre-peak production rate of 800,000 scf/day
- Three of the new dual-lateral wells have produced at over 600,000 scf/day
- Delivered net 397,047 GJ of gas for the quarter, generating gross revenues of A$1.27 million
- Executed Gas Swap Agreement to provide access to gas to assist in meeting Meridian's commitments to supply up to 25 TJ/day.
- Executed Gangulu Cultural Heritage and Management Agreement covering key areas of Meridian's operations
- Granted new Environmental Authority for PL 94
- Completed a major overhaul of the Hillview dehydration plant
- Commenced installing new production skids designed to automate wells and minimise greenhouse emissions
- Progressed Galilee Basin exploration drilling program with drilling started on the second well
- Subsequent to the end of the quarter:
- Continued commercial negotiations with various parties for the potential long term supply of gas to new customers.
- Commenced implementation of gas lift water pumping system trial to reduce the impact of fines on the commissioning of new production wells.
To view the complete WestSide Corporation Quarterly Report, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-WCL-239231.pdf
Contact
Dr Julie Beeby
Chief Executive Officer
WestSide Corporation Ltd
Tel: +61-7-3020-0900
Investors and Media
Richard Owen
Investor & Community Relations Manager
WestSide Corporation Ltd
Tel: +61-7-3020-0900
Mob: +61-412-869-937
Email: richard.owen@westsidecorporation.com
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