Investor Update Presentation
Brisbane, April 23, 2014 AEST (ABN Newswire) - WestSide Corporation Limited (
ASX:WCL) (WBRIF:OTCMKTS), a unique company with producing assets, a binding gas sale agreement and significant additional uncommitted reserves.
GLNG Gas Sale Agreement
- Clear path to commercialisation
- Supported by reliable producing asset with existing infrastructure base
- Provides flexibility and long term security
Significant and uncommitted reserves from the Meridian SeamGas fields
- Substantial quality reserve base for commercialisation beyond the GLNG Gas Sale Agreement
- Drilling and well improvement programs to increase productivity
Paranui, Tilbrook and Mount Saint Martin - existing reserves and potential upside
- Paranui - existing reserves, exploration potential and clear commercialisation options
- ATP688P - certified reserves - regional gas demand
Further exploration upside
- Track record in successful reserves growth
Positive economics
- GSA revenue linked to oil price; uncontracted gas exposed to rising wholesale gas prices
- Potential development scenarios indicate relatively modest funding for significant future cash flows
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-WCL-793992.pdf
Contact
WestSide Corporation Limited
T: +61-7-3020-0900
F: +61-7-3020-0999
WWW: www.westsidecorporation.com
| ||
|
