TMCnet News
WestSide Corporation Limited (ASX:WCL) Board Changes(ABN Newswire Via Acquire Media NewsEdge) Perth, Australia, Aug 21, 2014 - (ABN Newswire) - WestSide Corporation Limited (ASX:WCL) (OTCMKTS:WBRIF) announces a number of changes to the Company's Board following the recent successful takeover by Landbridge Energy Australia Pty Ltd. Mr Cheng Ye, Chairman of the Landbridge Group has replaced Mr Rob Neale as WestSide's Chairman, with Ms Jingxia Liu appointed as Director. Mr Rob Neale, John Clarke, Tony Gall and Trent Karoll have today resigned as Directors of Westside. About WestSide Corporation Limited: WestSide Corporation Limited is an ASX-listed company (ASX:WCL) (OTCMKTS:WBRIF) with gas production, significant gas reserves and exploration interests in Queensland. WestSide operates the Meridian SeamGas gas fields west of Gladstone in Queensland’s Bowen Basin. The Meridian gas fields comprise a range of CSG assets including a petroleum lease, gas rights in mining leases and gas compression and pipeline infrastructure connected to Queensland’s commercial gas network. WestSide holds a 51% interest in the fields with Mitsui E&P Australia Pty Ltd holding the remaining 49%. The Meridian joint venture has executed a binding 20-year gas sales agreement with the GLNG Project at Gladstone to supply up to 65 Terrajoules of gas a day from 2015 at prices based on an oil-linked formula from 2016. Elsewhere in the Bowen Basin, WestSide is currently operating an exploration and appraisal program at the ATP 769P (Paranui) and ATP 688P (Tilbrook and Mount Saint Martin) sites. WestSide holds a 25.5% interest in the tenements with Mitsui E&P Australia Pty Ltd (24.5 %) and QGC (50%). Additional information is available on WestSide’s website: www.westsidecorporation.com Contact: WestSide Corporation Limited T: +61-7-3020-0900 F: +61-7-3020-0999 WWW: www.westsidecorporation.com Copyright (C) 2014 ABN Newswire. All rights reserved. |