WestSide Corporation Ltd (ASX code WCL) advises that in excess of 9 metres of net coal has been identified in two seams at its Mount Saint Martin #1 coal seam gas (CSG) core well in ATP 688P in the northern Bowen Basin. “This well confirms for the first time that gassy, un-intruded coals exist to the north of the Company’s existing Tilbrook CSG pilot”, said WestSide’s Chairman and CEO, Angus Karoll. Desorption of recovered cores continues and the well is currently finalising drill stem testing to assess the permeability of the coal seams. The drilling rig will now mobilise to Bald Hill #1.
WCL Price at posting:
48.9¢ Sentiment: LT Buy Disclosure: Held