Coal Seam Gas Flows Increasing Ahead Of Target For WestSide Corporation Limited (ASX:WCL)
Coal Seam Gas Flows Increasing Ahead Of Target For WestSide Corporation Limited (ASX:WCL)

Brisbane, Sep 15, 2009 AEST (ABN Newswire) - WestSide Corporation Limited (ASX:WCL) is pleased to report that gas and water flows from its Tilbrook #8 horizontal coal seam gas (CSG) well are ahead of expectation.

Gas is now flowing at 240,000 standard cubic feet per day* (scfd) and increasing daily with a steady water rate of 400 barrels/day.

WestSide Chairman and acting-CEO Angus Karoll said the rapid increase in gas rates in recent weeks, after only two months of dewatering, has exceeded the Company's expectations.

"It is anticipated that the gas flow rates will continue to climb to over 500,000 scf/d as dewatering continues," he said.

"WestSide is targeting commercial flow rates to support the upgrade of some of its existing certified 3P gas reserves to 2P reserves in coming months as it prepares a Petroleum Lease application for the area."

"This result is another step toward achieving WestSide's broader strategy of commercialising known gas assets, identifying and proving up new reserves and seeking new CSG opportunities."

Seismic data will be acquired over 5 km and analysed to confirm the coal structure for further horizontal drilling.

The positive early results from the Tilbrook #8 well have prompted WestSide to commence preparations for the drilling of a second set of lateral wells at Tilbrook.

* Gas flows are from the "P" coal seam of the Moranbah Coal Measures at an average depth of 340m and flowing through a ball valve which is open to approximately 20% (estimated equivalent to a 0.2 square inch choke).

Contact

WestSide Corporation Ltd
Angus Karoll
Chairman and CEO
TEL: +61-7-3020-0900



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