WestSide Sees Upgrade in Gas Reserves

WestSide Corporation Limited has said that its certified gas reserves have seen a significant upgrade.

The reserves were upgraded after the company received a new reserves report on the Meridian SeamGas CSG gas field near Moura in Queensland’s Bowen Basin. The report was 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.