WestSide Corporation Limited (ASX:WCL) Weekly Drilling update
Brisbane, April 30, 2010 AEST (ABN Newswire) - WestSide Corporation Ltd (
ASX:WCL) continues drilling operations in its Bowen Basin coal seam gas (CSG) exploration tenements.
Current activities are focussed on WestSide's Mount Saint Martin prospect in ATP 688P. Four wells have been drilled this year, and a further two are planned in this program. The wells will test the extent of the resource previously identified at Mount Saint Martin. Core wells Mount Leslie #8 and Exmoor #9 will target the gas potential of new precincts in ATP 688P.
ATP 688P coal seam gas drilling program (Mount Saint Martin)
WestSide is conducting a multi well program in ATP 688P in the northern Bowen Basin to confirm coal and gas in the P seam and Goonyella seams of the Moranbah Coal Measures.
The Mount Saint Martin #7 (MSM #7) exploratory chip hole spud on 23 April 2010 and was drilled to a depth of 798 metres, intersecting 10 metres of net coal in the Moranbah Coal Measures. Intrusions at this site have impacted the net coal levels. The well has been plugged and abandoned as planned.
Summary: ATP 688P coal seam gas drilling program 2010
--------------------------------------------------------------------Well Well Type Spud Date Finish Date Current Status--------------------------------------------------------------------MSM #3 Appraisal 14/01/2010 24/01/2010 Suspended for future appraisal testing.--------------------------------------------------------------------MSM #2 Appraisal 10/04/2010 20/04/2010 Suspended for future appraisal testing.--------------------------------------------------------------------MSM #5 Exploration 12/04/2010 22/04/2010 Cores desorbing. Core Hole Plugged and abandoned as planned.--------------------------------------------------------------------MSM #7 Exploration 23/04/2010 30/04/2010* Drilled to 798m, logged, plugged and abandoned as planned.--------------------------------------------------------------------MSM #4 Appraisal 1/05/2010* 8/05/2010* Rig mobilising to site.--------------------------------------------------------------------MSM #6 Exploration 10/05/2010* 15/05/2010* Lease construction complete, awaiting crew return from break.--------------------------------------------------------------------Mount Exploration 17/05/2010* 24/05/2010* Lease constructionLeslie Core Hole pending.#8 --------------------------------------------------------------------Exmoor Exploration 26/05/2010* 3/06/2010* Lease construction#9 Core Hole pending.--------------------------------------------------------------------
Other Activities
Seismic acquisition in ATP 688P is planned to commence on 5 May 2010. Seismic data was acquired over 5 km at Mount Saint Martin in October and has been analysed to confirm the geological structure and now an additional 50 km of seismic has been planned over a wider area.
About WestSide Corporation Ltd
WestSide Corporation Limited is an ASX-listed company (ASX code: WCL) with interests in coal seam gas (CSG) projects in Queensland and Indonesia.
In Queensland's Bowen Basin, WestSide is currently operating an exploration and appraisal program at the ATP 769P (Paranui) and ATP 688P (Tilbrook, Mount Saint Martin and Bald Hill) sites. WestSide holds a 50% interest in each area with QGC holding the other 50% in each case.
WestSide is currently acquiring an interest in the producing Dawson CSG fields west of Gladstone. Following completion, WestSide will operate the field and hold a 51% interest, with Mitsui (TYO:8031) holding the remaining 49%.
WestSide also has a position in the Galilee Basin (Queensland) with two new tenements (ATP 974 and 978) covering an area of over 14,000 sq kms. The Company expects to commence exploration activities in these tenements later this year, and is also assessing the CSG potential of certain coal deposits in Indonesia through its relationship with PT Bumi Resources TBK, one of Indonesia's largest coal miners.
Regular updates will be provided during the course of the drilling campaign.
For the complete WestSide announcement including figures, please view the following link:
http://www.abnnewswire.net/media/en/docs/62741-ASX-AGO-489270.pdf
Contact
Angus Karoll
Chairman and CEO
WestSide Corporation Ltd
Ph: +61-7-3020-0900
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