WestSide Corporation: Paranui drilling program completed

Friday, 30 July 2010 13:29

Highlights

The Paranui #13 coal seam gas (CSG) appraisal well has been suspended for future production testing. Selected coal seams have been underreamed and jetted to instigate cavitation of the seams around the well bore. Due to concerns about hole stability, downhole geophysical logging of coal seam thicknesses was not completed.

WestSide Corporation Ltd (ASX : WCL) has now completed drilling three new appraisal wells at its Paranui CSG pilot in ATP 769P near Moura in Queensland’s Bowen Basin. The Paranui #13 well is the last of the three appraisal wells which will aim to test gas and water flow rates from the Baralaba coal seams.

Paranui #11, 12 and 13 will be placed on production test and the production performance of these cavitated vertical wells will be compared to the results from the existing three Paranui pilot wells which were subjected to fracture stimulation treatments.

Forthcoming program

The rig will move to the neighbouring WestSide-operated Meridian SeamGas field to commence drilling new production wells.

About WestSide Corporation Ltd

WestSide Corporation Limited is an ASX-listed company (ASX code: WCL) with interests in coal seam gas (CSG) projects in Queensland and Indonesia.

WestSide operates the Meridian SeamGas CSG fields west of Gladstone in Queensland’s Bowen Basin. The Meridian SeamGas fields produce approximately 4 Petajoules of gas per year. WestSide holds a 51% interest in the fields with Mitsui E&P Australia Pty Ltd holding the remaining 49%.

Elsewhere in the Bowen Basin, WestSide is currently operating an exploration and appraisal program at the ATP 769P (Paranui) and ATP 688P (Tilbrook, Mount Saint Martin and Bald Hill) sites. WestSide holds a 50% interest in each area with QGC holding the other 50% in each case.

WestSide also has a position in the Galilee Basin (Queensland) with two new tenements (ATP 974 and 978) covering an area of over 14,000 sq kms. The Company expects to commence exploration activities in these tenements later this year, and is also assessing the CSG potential of certain coal deposits in Indonesia through its relationship with PT Bumi Resources TBK, one of Indonesia’s largest coal miners.

Bookmark this page!