Production From New Meridian Well Reaches 1 Million scf/day
Brisbane, Mar 20, 2012 AEST (ABN Newswire) - As Operator of the Meridian SeamGas CSG gas fields, WestSide Corporation Limited (
ASX:WCL) is pleased to advise that gas has been flowing from Pretty Plains 10 - one of seven new dual-lateral production wells - at a rate of more than 1,000,000 scf/d.
The performance of Pretty Plains 10 builds on the successful earlier commissioning of Pretty Plains 2 and more recently that of a third well Meridian 29, which has been producing more than 700,000 scf/d of gas a day.
The seven new well-sets are located at Pretty Plains within the co-development area on the Dawson Coal Mine's mining tenements near Moura in Queensland's Bowen Basin. Just to the south of Pretty Plains, WestSide is also commissioning three new up-dip lateral wells which will soon be contributing to production.
WestSide's Chief Executive Officer Dr Julie Beeby said new wells now accounted for about 21 per cent of Meridian SeamGas's gross daily production of approximately 11 Terajoules a day and continued to build.
"During the past week Pretty Plains 10 has been producing at the milestone rate of more than 1,000,000 standard cubic feet a day from just two of the multiple seams available for future production," Dr Beeby said.
"Production, aided by the increasing contribution from new wells, has continued to climb during March, with gas sales net to WestSide now averaging more than 5,000 Gigajoules a day after excluding fuel gas consumption."
Dr Beeby said in light of the new data obtained and historical data, there were strong indications that the new wells now transitioning through the de-watering phase to production had potential to deliver heightened gas-flow rates as demonstrated by Pretty Plains 10.
Pretty Plains 10's two laterals have a total length within two targeted coal seams of 3,223 metres.
Contact
WestSide Corporation Limited
T: +61-7-3020-0900
F: +61-7-3020-0999
WWW: www.westsidecorporation.com
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