Westside Plans to Raise CSG Output in Meridian Gas Fields

Westside Corporation plans to raise coal seam gas output at its Meridian SeamGas coal seam gas fields in Queenslands Bowen Basin. The company plans to raise close to $25 million for the exercise.

The Meridian SeamGas fields comprise a range of CSG assets including a petroleum lease (PL94), gas rights in mining leases, some 70 producing wells and gas compression and pipeline infrastructure connected to Queensland’s commercial gas network and Gladstone, just 160 km to the east.

Westside is also planning for appraisal testing of pilots at Paranui within ATP 769P and Mount Saint Martin within ATP 688P. The Galilee Basin exploration drilling program was suspended in mid-December due to the onset of the wet season. An expanded drilling program for ATP 974P and ATP 978P will commence in the second quarter of 2012.