WestSide Corporation Limited

WestSide Corporation Limited (ASX:WCL) (OTCMKTS:WBRIF) (WestSide) refers to the conditional offer announced on 24 April 2014 by Landbridge Energy Australia Pty Ltd (Landbridge) to acquire all of the Shares in WestSide.

WestSide Corporation Limited (ASX:WCL) (OTCMKTS:WBRIF) presents their latest investor update: Growth plans on track.

WestSide Corporation Limited (ASX:WCL) (OTCMKTS:WBRIF) advises that plans for further expansion of the Meridian gas field's production capacity are on track following execution of the Company's transformational Gas Sale Agreement with GLNG.

Westside Corporation Limited's (ASX:WCL) (OTCMKTS:WBRIF) board of directors has carefully considered the conditional offer for $0.40 per WestSide share contained in the Bidder's Statement lodged with ASX by Landbridge on 24 April and is of the view that it does not represent fair value for the Company as, amongst other things, it does not take adequate account of the value anticipated to accrue to WestSide on the terms of the recently announced GSA with the GLNG consortium.

WestSide Corporation Limited's (ASX:WCL) (OTCMKTS:WBRIF) board of directors has carefully considered the conditional offer for $0.40 per WestSide share contained in the Bidder's Statement and is of the view that it does not represent fair value for the Company.

WestSide Corporation Limited (ASX:WCL) (OTCMKTS:WBRIF) is pleased to advise that a contract to sell the Company's Schramm drilling rig has settled following receipt of a total consideration of $3.5 million.

Towards the end of the quarter WestSide Corporation Limited (ASX:WCL) executed a binding 20-year gas sales agreement with the GLNG project

The Board of WestSide Corporation Limited ("WestSide") (ASX:WCL) has extended the share trading "closed period" for key management personnel (including Directors) and employees until the time that the Company's Target's Statement is issued in response to the conditional takeover offer from Landbridge Energy Australia Pty Ltd (Landbridge), a wholly owned subsidiary of Landbridge Group Co., Ltd.

Landbridge Energy Australia Pty Ltd (Landbridge), a wholly owned subsidiary of Landbridge Group Co., Ltd delivered a Bidder's Statement to WestSide Corporation Limited (ASX:WCL) (OTCMKTS:WBRIF) following the close of the market on Thursday 24 April 2014.

WestSide Corporation Limited (ASX:WCL) (OTCMKTS:WBRIF), a unique company with producing assets, a binding gas sale agreement and significant additional uncommitted reserves.