Meridian Growth Plans On Track
Brisbane, May 28, 2014 AEST (ABN Newswire) - WestSide Corporation Limited (
ASX:WCL) (WBRIF:OTCMKTS) advises that plans for further expansion of the Meridian gas field's production capacity are on track following execution of the Company's transformational Gas Sale Agreement with GLNG.
Managing Director Mr Mike Hughes said drilling had commenced this week on the first well in the Phase 1 development program and that this well would be commissioned in July.
"Significantly, this will be the first new production well to have been drilled in the Meridian field for more than 18 months," Mr Hughes said.
"Drilling for this Phase 1 program, involving six new production wells, is scheduled to be completed in August. Planning is also underway for the next phase of drilling and work has commenced on options for compression expansion in the field."
Contact
WestSide Corporation Limited
T: +61-7-3020-0900
F: +61-7-3020-0999
WWW: www.westsidecorporation.com
| ||
|
