Westside gives up interests in two Galilee permits

WestSide Corp. Ltd.

WestSide Corp. Ltd. has notified the Queensland Department of Natural Resources and Mines that it will relinquish its interests in ATP 974P and ATP 978P in Queensland’s Galilee Basin in Australia to focus on development of its producing Meridian SeamGas gas field.

A process to sell or farm out the tenement interests failed to identify any other alternative to relinquishment. The relinquishment will have no material impact on the results for the year ended June 30, as the carrying value of the tenements was written off in the previous financial year.

A WestSide spokesman said that the company remains committed to ongoing exploration within the company’s Bowen Basin exploration tenements ATP 688P and ATP 769P.

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