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.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...