WestSide Corporation Limited (ASX:WCL) Quarterly Activities Report For June 2009
WestSide Corporation Limited (ASX:WCL) Quarterly Activities Report For June 2009

Brisbane, July 31, 2009 AEST (ABN Newswire) - WestSide Corporation Limited (ASX:WCL) will build on its initial certification of gas reserves at the Paranui and Tilbrook coal seam gas (CSG) projects in Queensland's Bowen Basin over coming months.

Further drilling in the Mount Saint Martin and Tilbrook precincts of ATP 688P is planned following promising results from the recent core wells. It is likely that new lateral wells will be drilled at the Tilbrook pilot once production testing of the Tilbrook #8 horizontal well confirms the success of that well design.

Chairman and acting-CEO Angus Karoll said the second half of 2009 will see a significant increase in the level of activity in WestSide's exploration pursuits.

"A revised program has been tabled with our joint venture partner for approval, expanding on the program approved earlier in the year." "The 2009 program at the Paranui and Tilbrook tenements supports WestSide's broader strategy of commercialisation of its gas resources and increasing its overall resources base", he said. "We are working to identify and prove up new reserves and seek new opportunities which we hope will deliver up to 250 PJ of 2P reserves and 1,000 PJ of 3P gas reserves to WestSide in the near term."

"WestSide is well-resourced to execute this strategy with A$24 million cash at bank and a growing team of experienced personnel."

The Paranui pilot includes three appraisal wells, two observer wells and a core well.

Production testing will continue with reservoir pressure and differential seam production monitored from the observation wells. Further core and appraisal wells are planned for later in the year, complemented by a seismic program.

The four-well Tilbrook pilot includes one dual-lateral horizontal appraisal well, one vertical appraisal well and two observer wells. The two appraisal wells are currently being subjected to extended production tests, with reservoir pressure and differential seam production to be monitored from the observation wells.

"WestSide would expect to deliver incremental increases and upgrades to the initial reserve figures in the next twelve months as the Company expands its appraisal program," Mr Karoll said.

"We are advancing toward commercialisation as planned."

For the complete WestSide Corporation Quarterly Activities Report for June 2009, please click the link below:

http://www.abnnewswire.net/media/en/docs/61166-ASX-WCL-212388.pdf

Contact

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



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