WestSide Corporation Limited (ASX:WCL) Weekly Drilling Update
Brisbane, May 14, 2010 AEST (ABN Newswire) - WestSide Corporation Limited (
ASX:WCL) continues drilling operations in its Bowen Basin coal seam gas (CSG) exploration tenements.
Current activities are focussed on WestSide's Mount Saint Martin prospect in ATP 688P. Five wells have been drilled this year, leaving one to complete the program. The wells will test the extent of the resource previously identified at Mount Saint Martin. Core wells Mount Leslie #8 and Exmoor #9 will target the gas potential of new precincts in ATP 688P.
ATP 688P coal seam gas drilling program (Mount Saint Martin)
WestSide is conducting a multi well program in ATP 688P in the northern Bowen Basin to confirm coal and gas in the P seam and Goonyella seams of the Moranbah Coal Measures.
The MSM #4 appraisal well reached TD of 525.9m on 10 May 2010 after intersecting 11.6m of net coal in the Moranbah Coal Measures. Four seams were underreamed and the well was suspended for further appraisal testing.
Exploration well MSM #6 was spud on 13 May 2010 and is drilling ahead at 60m.
Summary: ATP 688P coal seam gas drilling program 2010
---------------------------------------------------------------------Well Well Type Spud Date Finish Date Current Status---------------------------------------------------------------------MSM #3 Appraisal 14 Jan 2010 24 Jan 2010 Suspended for future appraisal testing.---------------------------------------------------------------------MSM #2 Appraisal 10 Apr 2010 20 Apr 2010 Suspended for future appraisal testing.---------------------------------------------------------------------MSM #5 Exploration 12 Apr 2010 22 Apr 2010 Cores desorbing. Core Hole Plugged and abandoned as planned.---------------------------------------------------------------------MSM #7 Exploration 23 Apr 2010 30 Apr 2010 Plugged and abandoned as planned.---------------------------------------------------------------------MSM #4 Appraisal 2 May 2010 10 May 2010 Suspended for future appraisal testing.---------------------------------------------------------------------MSM #6 Exploration 13 May 2010 15 May 2010* Drilling ahead at 60m---------------------------------------------------------------------Mount Exploration 17 May 2010* 24 May 2010* Lease constructionLeslie#8 Core Hole pending.---------------------------------------------------------------------Exmoor#9 Exploration 26 May 2010* 3 Jun 2010* Lease construction Core Hole pending.---------------------------------------------------------------------* Proposed dates
Seismic acquisition
A seismic acquisition program covering 50 km in ATP 688P was completed on the 12th May 2010, all data is currently being processed and interpreted. The program aim is to confirm the geological structure in and around the Mount Saint Martin precinct of ATP 688P.
Regular updates will be provided during the course of the drilling campaign.
Additional information is available on WestSide's website:
http://www.westsidecorporation.com
Contact
Angus Karoll
Chairman and CEO
WestSide Corporation Ltd
Ph: +61-7-3020-0900
www.westsidecorporation.com
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