WestSide Corporation Limited Company Summary |
WestSide Corporation Limited is an ASX-listed company (ASX code: WCL) with interests in coal seam gas (CSG) projects in Queensland.
WestSide operates the Meridian SeamGas CSG fields west of Gladstone in Queensland’s Bowen Basin. The Meridian gas fields comprise a range of CSG assets including a petroleum lease, gas rights in mining leases and gas compression and pipeline infrastructure connected to Queensland’s commercial gas network. WestSide holds a 51% interest in the fields with Mitsui E&P Australia Pty Ltd holding the remaining 49%.
Elsewhere in the Bowen Basin, WestSide is currently operating an exploration and appraisal program at the ATP 769P (Paranui) and ATP 688P (Tilbrook and Mount Saint Martin) sites. WestSide holds a 25.5% interest in the tenements with Mitsui E&P Australia Pty Ltd, which has a 24.5 % interest in each, and QGC, which holds the other 50% in each case.
WestSide also has a 51% operating interest in two Galilee Basin (Queensland) tenements (ATP 974P and ATP 978P) covering an area of over 13,280 sq km, with Mitsui E&P Australia Pty Ltd holding the remaining 49% in each.
Additional information is available on WestSide’s website: www.westsidecorporation.com
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DIRECTORS / OFFICERS |
Angus Karoll Chairman and Acting CEO Angus is the founding Director of Westside Corporation Ltd and has been instrumental in establishing the Company, including forming strategic relationships with investors and joint venture partners and in establishing WestSide’s subsidiary company, PT SeamGas Indonesia. He is the director of Nazara Energy, an unlisted company with Coal Seam Gas (CSG) assets in Queensland’s Galilee Basin and has initiated plans to develop a number of gas production and downstream gas processing projects in South-East Asia. He has also built a number of international businesses in the logistics and agricultural supplies sectors.
| Tony Gall FCA Director Tony was an employee and partner of Price Waterhouse for 39 years, during which time he gained international exposure in the UK, USA and Indonesia. More recently he has been an independent advisor and consultant to small and medium enterprises. He brings extensive exposure to a wide variety of industries and particular depth in the Audit and Corporate Advisory. Relevant corporate advisory area in which he specialised at Price Waterhouse. Tony is the Chairman of the Audit and Compliance Committee.
| Trent Karoll B Ec, FAICD Director Until recently, Trent was the Joint Managing Director of the Nelson Group of Companies, a substantial private business, with operations in Australia and New Zealand and over 200 employees. Trent has a strong financial and operations background across broad industry sectors, including manufacturing, distribution, wholesaling and retail. He has also gained commercial experience in commodity futures trading and corporate recovery. Trent is an experienced company director, occupying more than 10 board positions in a variety of private companies. Trent is a member of the Audit and Compliance Committee.
| Nathan Mitchell Director Nathan Mitchell has a lifelong involvement with the drilling and resource exploration industry, throughout which time he has developed both skilled technical ability and commercial management expertise. As Chief Executive Officer of Mitchell Drilling for six years, prior to the sale of its Australian operations to Lucas Coal Technologies in August 2008, Nathan grew the company significantly - doubling its size twice in that time. Nathan also directed the company’s expansion to Indonesia and India, and more recently China, USA, and Zambia. As CEO of the privately-held Mitchell Energy Group, Nathan continues to mange these international drilling operations.
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COMPANY DATA |
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Headquarters |
Level 8 |
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300 Queen Street |
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Brisbane Qld 4000 |
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Australia |
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Telephone |
+61-7-3020-0900 |
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Fax |
+61-7-3020-0999 |
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Principal Sector |
Energy |
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Principal Industry |
Energy |
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Homepage |
www.westsidecorporation.com |
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Key Developments: WestSide Corporation Limited
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WestSide Corporation Limited (ASX:WCL) Strategic Review Implementation JUNE 19, 2013 09:33 - Article Views: 183 WestSide Corporation Limited (ASX:WCL) has undertaken a strategic review of the business following the withdrawal of PetroChina International Investment Company Limited's (PetroChina) non-binding proposal to acquire 100 per cent of the Company. |
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WestSide Corporation Limited (ASX:WCL) Indicative Takeover Proposal Withdrawn MAY 14, 2013 15:18 - Article Views: 683 WestSide Corporation Limited (ASX:WCL) has been advised by PetroChina International Investment Company Limited (PetroChina), which submitted an indicative, non-binding proposal to acquire 100 per cent of the shares in WestSide on 19 November 2012, that it will not proceed with the proposal. |
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WestSide Corporation Limited (ASX:WCL) Shareholder Letter - Quarterly Activities Report MAY 8, 2013 17:14 - Article Views: 597 During the March quarter WestSide Corporation Limited (ASX:WCL) engaged with independent certifer MHA Petroleum Consultants LLC to deliver another substantial increase in the Company's net certifed reserves across all categories including a 34.5% increase in Proved and Probable (2P) reserves to 347 PJ. |
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WestSide Corporation Limited (ASX:WCL) Quarterly Activities Report APR 30, 2013 13:26 - Article Views: 386 During the March quarter WestSide Corporation Limited (ASX:WCL) engaged with independent certifier MHA Petroleum Consultants LLC to deliver another substantial increase in the Company's net certified reserves across all categories including a 34.5% increase in Proved and Probable (2P) reserves to 347 PJ(1). |
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WestSide Corporation Limited (ASX:WCL) Indicative Takeover Proposal Update MAR 5, 2013 10:47 - Article Views: 688 WestSide Corporation Limited (ASX:WCL) advises that discussions are continuing with parties which have expressed an interest in entering into material transactions with the company, including the potential acquisition of 100% of the shares in WestSide. |
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WestSide Corporation Limited (ASX:WCL) Gas Reserves Substantially Upgraded With Total 2P Reserves Up 34.5% FEB 12, 2013 10:13 - Article Views: 563 WestSide Corporation Limited (ASX:WCL) is pleased to announce a significant upgrade to its certified reserves after receiving a new reserves report on the Meridian SeamGas CSG gas field near Moura in Queensland's Bowen Basin. |
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WestSide Corporation Limited (ASX:WCL) Indicative Takeover Proposal Update JAN 8, 2013 09:53 - Article Views: 751 WestSide Corporation Limited (ASX:WCL) advises that it is continuing to progress discussions with the party which submitted an indicative, conditional, non-binding and confidential proposal on 19 November 2012. |
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WestSide Corporation Limited (ASX:WCL) Indicative takeover proposal update DEC 12, 2012 10:00 - Article Views: 624 WestSide Corporation Limited (ASX:WCL) advises that the party from which the Company received an indicative, conditional, non-binding and confidential proposal on 19 November 2012, has requested and been granted additional time to conclude due diligence. |
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WestSide Corporation Limited (ASX:WCL) Annual General Meeting - CEO's Presentation NOV 22, 2012 10:27 - Article Views: 777 WestSide Corporation Limited (ASX:WCL) are pleased to provide the CEO's Presentation at the Annual General Meeting 2012. |
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WestSide Corporation Limited (ASX:WCL) Chairman's Address to Shareholders NOV 22, 2012 10:19 - Article Views: 718 WestSide Corporation Limited (ASX:WCL) are pleased to provide the Chairman's Address to Shareholders at the Annual General Meeting 2012. |
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