WCL 0.00% 39.5¢ westside corporation limited

another extension 9 days, page-67

  1. 1,189 Posts.
    Don't forget we had the story in The Australian..the author seemed to have been given the nod from someone...otherwise I doubt he would write the following imo (mind you, one shouldn't believe what they read in the papers!)..This same journo knew and wrote about the Shell deal for Arrow before it was out in the public domain so he would appear to have some reliable sources. Or is he just making educated guesses? How the ASX don't bat an eyelid to this sort of thing I don't know.

    PETROCHINA is poised to become the first Chinese company to buy an Australian coal-seam gas miner, having lobbed a $185 million bid for CSG junior WestSide.

    It is understood PetroChina, which with Shell jointly bought Arrow Energy for $3.2 billion in 2010, is the unnamed party that has been conducting due diligence on WestSide, which owns CSG ground in Queensland's Bowen and Galilee basins.

    This phase is now believed to be complete, and PetroChina and WestSide are said to be planning an announcement before Christmas or early in the new year.
 
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