Noosa Mining and Exploration Conference 2012 Presentation
Brisbane, July 20, 2012 AEST (ABN Newswire) - WestSide Corporation Limited (
ASX:WCL) are pleased to provide the Noosa Mining and Exploration Conference 2012 presentation.
Mission
WestSide identifies, commercialises and maximises the value of existing and new gas reserves to provide innovative energy outcomes in a sustainable manner for the benefit of all stakeholders.
Vision
WestSide aims to be an Australian energy sector leader highly valued for its people, partnerships, innovation and performance
WESTSIDE - INVESTMENT HIGHLIGHTS
Corporate
- CSG junior with production, significant 2P reserves and strong exploration upside
- Major JV partners (Mitsui E&P and QGC) and cornerstone shareholders (New Hope Corporation & Energy Infrastructure Trust)
Production & Location
- Operating established Meridian SeamGas business on QGP - 160km from Gladstone
- 13.4 TJ/d gross sales , commissioning 10 new wells - (5 have achieved production rates > 675Mscf/d, including PP10 & MER 27 @ >1,000 Mscf/d)
- Trialing innovative well designs & equipment to increase production efficiency
- Significant opportunity to ramp up production - supported by 258 PJ of 2P reserves (net to WCL)
- Cultural Heritage Investigation and Management Agreement in place at Meridian
- New Environmental Authority for Meridian SeamGas Petroleum Lease PL 94 granted
Sales Contracts
- Existing contracts in place for up to 25 TJ/d to 2014-15 - $5.5m revenue (net) FY2011
- Progressing commercial negotiations with various parties - targeting new GSAs at higher pricing
Exploration Upside
- Bowen Basin - ATP 769P and ATP 688P (pilots + seismic to identify new targets)
- Galilee Basin - ATP 974P and ATP 978P (grassroots program)
To view the complete WestSide Corporation Presentation, please click the link below:
http://media.abnnewswire.net/media/en/docs/73214-ASX-WCL-243655.pdf
Contact
WestSide Corporation Limited
T: +61-7-3020-0900
F: +61-7-3020-0999
WWW: www.westsidecorporation.com
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