Exploration Drilling Report - Thisit 01 CSG Exploration Well to be Plugged
Perth, Sep 10, 2013 AEST (ABN Newswire) - WestSide Corporation Ltd (
ASX:WCL) (WBRIF:OTCMKTS) advises that the Thisit 01 exploration well will be plugged and abandoned before reaching its planned total depth due to hole instability.
Thisit 01 is located approximately 18km north west of Moura in the southern part of ATP 769P along strike from the Meridian SeamGas CSG gas fields and 30km north of the existing Paranui project.
Operated by joint venture partner QGC Pty Ltd, the Thisit 01 well spudded on 27 August 2013 and was scheduled to reach a total depth of approximately 1,500 metres.
The drilling contractor encountered hole instability issues at a depth of about 924 metres and the joint venture partners have agreed to plug and abandon the well following on going stability issues.
Designed to intersect the Permian age Baralaba Coal Measures, the well was planned to be drilled and cased to approximately 1,200 metres and then cored to the final depth.
The data gathered from the drilling and geological logging will be used in future exploration work programs in the region.
Contact
Damian Galvin
Chief Financial Officer
and Company Secretary
TEL: +61-7-3020-0900
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