viewWestSide Corporation Limited

WestSide Corporation boosts Queensland coal seam gas production by 22.4% to 305 terajoules


WestSide Corporation (ASX:WCL) continues to ramp up production at its Meridian SeamGas project in Queensland’s Bowen Basin with gas output up 22.4% to 305 terajoules in March 2012 over the same period last year.

Coal seam gas production for the March 2012 quarter was also up 10.6% over the December 2011 quarter.

This upward trend has continued into the first week of April, with average daily net production reaching about 6.2 terajoules (12.2 terajoules gross production), up from average net production of just above 5 terajoules in March.

The company said this was due to another of its new dual lateral wells reaching the desorption point.

It added that all 7 of its new dual lateral and 3 new updip laterals were now on pump and that while just 4 were producing at significant volumes, the ramp up of the remaining 6 wells would further increase production.

WestSide had earlier this month successfully raised A$25.4 for its Queensland coal seam gas growth plans through an oversubscribed 2 for 5 pro rata non-renounceable entitlement offer.

The company is targeting production of 25 terajoules of gas per day by the end of this year from current output of about 11 terajoules per day.

Quick facts: WestSide Corporation Limited

Price: - -

Market: ASX
Market Cap: -

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: Lexaria Bioscience and Cannadips CEO’s discuss key point of...

Lexaria BioScience (OTC: LXRP-CSE: LXX) CEO Chris Bunka and Case Mandel, CEO of Cannadips joined Steve Darling from Proactive Vancouver on Skype with news the company has signed a licensing deal for their DehydraTech technology with Cannadips from Humboldt, California. Bunka telling Proactive...

1 day, 4 hours ago

2 min read