WestSide Corporation Limited Updates On Expansion Exploration Drilling Of Meridian SeamGas Reserves In The Bowen Basin

As Operator of the Meridian SeamGas CSG gas fields, WestSide Corporation Ltd is pleased to advise that drilling has commenced on the MER11V pilot production well in PL 94 in the Bowen Basin near Moura.
MER11V spudded at 16:30 hours on 27 January 2011 and was drilling ahead at 163 metres this morning. Dominion Drilling's DR02 rig will drill the well to a planned target depth of 1,333 metres to test for gas-bearing coal seams in the deeper part of the Meridian field.
The well is the fifth in an exploration program designed to increase the Meridian SeamGas joint venture's gross proved and probable (2P) reserves by up to 200 petajoules.
The MER02V appraisal which reached its target depth of 618 metres on January 25, 2011 intersected the targeted Baralaba Coal Measures and Kaloola Formation with total net coal measured exceeding 19 metres.
IFO testing is being planned on the new upper seams encountered in this well which will then be cased as a future producer, based on historical data from the known producing seams alone.
WestSide will issue regular updates as and when appropriate as the reserves expansion exploration program progresses.
Source: Press release