WestSide Corporation [WCL] - WestSide boosts Meridan 2P reserves by 93 per cent
Meridian SeamGas operator WestSide Corporation Limited (ASX Code: WCL) is pleased to announce a 93 per cent increase in total Proved and Probable (2P) reserves attributable to the joint venture, based on results from the first stage of its reserves expansion program.
The upgrade more than doubles Meridian SeamGas’s gross uncontracted 2P reserves from 167 PJ to 376 PJ, significantly enhancing the joint venture’s ability to participate in Queensland’s emerging Liquefied Natural Gas export industry being developed at Gladstone.
Independent certifiers NSAI now estimate Meridian SeamGas had 2P reserves as at 30 June 2011, totalling 433 Petajoules (PJ), or 221 PJ net to WestSide.
Meridian SeamGas operator WestSide Corporation Limited (ASX Code: WCL) is pleased to announce a 93 per cent increase in total Proved and Probable (2P) reserves attributable to the joint venture, based on results from the first stage of its reserves expansion program.
The upgrade more than doubles Meridian SeamGas’s gross uncontracted 2P reserves from 167 PJ to 376 PJ, significantly enhancing the joint venture’s ability to participate in Queensland’s emerging Liquefied Natural Gas export industry being developed at Gladstone.
Independent certifiers NSAI now estimate Meridian SeamGas had 2P reserves as at 30 June 2011, totalling 433 Petajoules (PJ), or 221 PJ net to WestSide.
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