WestSide Corporation Limited (ASX:WCL) Appoints Wood Group Wagners To Operate And Support Drill Rig
WestSide Corporation Limited (ASX:WCL) Appoints Wood Group Wagners To Operate And Support Drill Rig

Brisbane, May 19, 2010 AEST (ABN Newswire) - WestSide Corporation Limited (googlechartASX:WCL) will draw on the Wood Group's (googlechartLON:WG) international coal seam gas (CSG) expertise by appointing Wood Group Wagners (WGW) to operate, maintain, manage and support WestSide's Schramm TXD 'Telemast' drilling rig.

WGW will operate the rig as WestSide commits to a long-term program of wells in its Queensland CSG tenements, including the soon-to-be-acquired producing Dawson CSG fields in the Bowen Basin. The Schramm TXD 180 rig is one of the largest dedicated CSG rigs in Australia.

WestSide Corporation Chairman and CEO Angus Karoll said WGW's appointment and use of the Schramm rig would allow WestSide greater operational control as the Company moved into the next phase of exploration, appraisal and production drilling.

"We are pleased to appoint WGW to operate our rig and support us in our ongoing operations," Mr Karoll said.

WGW's CEO John Rogers said the contract with WestSide would complement WGW's international CSG experience and extend its presence in the Australian market.

"This is an exciting opportunity for WGW to leverage our entire CSG value chain expertise providing total field solutions to WestSide," Mr Rogers said.

The WGW-managed rig will be available for use by other industry participants at commercial rates when not in use on WestSide's projects. WGW's appointment as operator of the Schramm TXD rig replaces the existing arrangement with Boart Longyear.

About Wood Group Wagners Pty Ltd

Brisbane based WGW Pty Ltd aims to provide Queensland's gas producers with a single customer interface that will deliver fit for purpose solutions to the coal seam gas industry.

WGW is a special purpose Company formed from Wood Group PLC, a world leading International Oil and Gas Service Company operating in 54 countries with over 28,000 employees and Wagners, a Queensland-based international supplier of materials transportation, warehousing and logistics.

Wagners has over 1,100 employees in Australia and specialises in operations in remote and challenging site locations in Queensland.

Wood Group has drilled and completed over 1,300 CSG wells and operates and manages 2,100 CSG wells. Wood Group has installed over 2,300 kms of CSG gas, water, road and electrical infrastructure.

Contact

Angus Karoll
Chairman and CEO
WestSide Corporation Ltd
Ph: +61-7-3020-0900
www.westsidecorporation.com



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