WestSide Corporation Limited (ASX code: WCL) is a publicly listed Brisbane-based Coal Seam Gas (CSG) producer with gas production, significant uncontracted reserves and exploration interests in Queensland.
The Company is strategically well positioned to take advantage of the potential value of its resources from marketing opportunities to downstream industrial applications and access to Australia's domestic gas market.
WestSide operates the Meridian SeamGas CSG gasfields 160km west of Gladstone in Queensland's Bowen Basin in joint venture with Mitsui E&P Australia. The Company holds a 51 per cent interest with Mitsui E&P Australia holding the remaining 49 per cent.
WestSide also holds 25.5 per cent joint venture interests with QGC and Mitsui E&P Australia in other CSG projects with exploration and appraisal programs currently underway at the Paranui, Tilbrook and Mount Saint Martin pilots in Queensland's Bowen Basin.
The acquisition of ATP 974P and ATP 978P in Queensland's Galilee Basin in 2010 provided WestSide with a longer term growth focus in joint venture with Mitsui E&P Australia which has farmed in to earn a 49 per cent interest in each tenement.
WestSide has a strong board, skilled management and is committed to operating a safe and sustainable business.