🕐12.02.13 - 00:27 Uhr

WESTSIDE CORPORATION LIMITED [WCL] - WESTSIDE CERTIFIED GAS RESERVES SUBSTANTIALLY UPGRADED





Fortbridge Media Release

WestSide Corporation Limited [WCL] - WestSide certified gas reserves substantially upgraded

WestSide gas reserves substantially upgraded with total 2P reserves up 34.5%

Key Points
 WestSide has increased certified gas reserves across all 1P, 2P and 3P categories
 Proved and Probable (2P) reserves increased 34.5% to 347 PJ, including a more than six-fold increase in Proved (1P) reserves to 47 PJ
 Total Proved, Probable and Possible (3P) reserves increased 22% to 885 PJ
 The upgrade follows a full review of Meridian SeamGas 2012 production results

WestSide Corporation Limited (ASX Code: WCL) is pleased to announce a significant upgrade to its certified reserves after receiving a new reserves report on the Meridian SeamGas CSG gas field near Moura in Queensland�s Bowen Basin.

The report was commissioned by WestSide from independent reserve certifiers MHA Petroleum Consultants LLC, as part of a regular review of the Company�s assets with particular focus on Meridian SeamGas production results for calendar 2012.

WestSide�s total net 1P reserves were up 40.7 PJ to 47.2 PJ � a more than six-fold increase from 6.5 PJ � while 2P reserves rose 34.5 per cent or 89 PJ from 258 PJ to 347 PJ and 3P reserves increased 22 per cent or 160 PJ from 725 PJ to 885 PJ.

The reserves were certified in accordance with SPE PRMS guidelines.








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