No 3 on the list is Fanchell 6.1 mil shares in CTP
It must have a significant amount of money available
It is also a shareholder in Westside Corporation. 4.8 Mil
Are the ducks starting to line up ?
CB Strategically positioned for growth
mce-anchor
WestSide Corporation Pty Limited is a Brisbane based gas producer with gas production, significant reserves and exploration interests in Queensland.
WestSide operates the Meridian gas fields 160km west of Gladstone in Queensland's Bowen Basin in joint venture with Mitsui E&P Australia. The Company holds a 51 per cent interest with Mitsui E&P Australia holding the remaining 49 per cent.
The Meridian joint venture executed a binding 20-year gas sales agreement in March 2014 with the GLNG project at Gladstone for the sale of up to 65 Terajoules a day at market prices based on an oil-linked formula - underpinning a staged field expansion to increase production.
From 2015, Meridian will be connected to both the domestic market through it's existing connection to the Queensland Gas Pipeline and a new connection directly to the GLNG pipeline taking gas to Gladstone.
WestSide also holds 25.5 per cent joint venture interests with QGC and Mitsui E&P Australia in other projects with exploration and appraisal programs currently underway at the Paranui, Tilbrook and Mount Saint Martin pilots in Queensland's Bowen Basin.
CTP Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
