The Industry

In a relatively short space of time, the Coal Seam Gas industry has arrived on the Australian energy scene, as a new, vibrant and viable energy source.  Queensland in particular has a growing demand for energy for power generation and industrial applications as well as for methane as a chemical production feedstock. A number of LNG export facilities are planned for construction in Gladstone.

 

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Westside Corporation Limited

Welcome

WestSide has interests in approximately 13,000 square km of tenements with the short term goal of proving up gas reserves for marketing. The company sees considerable potential in the growing Queensland energy and industrial markets for the emerging resource of coal seam gas.

WestSide’s key objectives for the next year are:

  • Proving up reserves of coal seam gas in its tenements
  • Acquisition of interests in additional prospective tenements.
  • Developing the business case to bring viable reserves into commercial production.
  • Marketing the gas to downstream customers through a variety of available channels including bilateral long term contracts, short term spot supply or partnering with major project developers.
  • Completing a thorough assessment of the development potential of the permit areas of our Indonesian JV partners with a goal of proving up reserves for development.

Current Projects

WestSide's Paranui pilot operation (Central Bowen Basin) consists of three appraisal wells and two observation wells. Testing of one appraisal well commenced in early June 2008 and two more appraisal wells began testing in September.  All three wells will continue on extended production tests. 

At WestSide's four well Tilbrook pilot (Northern Bowen Basin) an extended production test of two appraisal wells commenced in June 2008.