WestSide will target coal seam gas (CSG) at the two pending exploration tenements, which cover a combined area of 14,480 square kilometres in the north western part of the Galilee Basin. The company believes the area could contain up to 21 trillion cubic feet of gas in place.
WestSide Chief Operating Officer Simon Mewing said the acquisition represents an opportunity for WestSide to significantly increase its gas reserves in a prospective area of the northern Galilee Basin.
“The Galilee Basin is considered by many to be Queensland’s new frontier for CSG exploration,”? Mr Mewing said.
An exploration program is planned to commence in 2010, with an initial drilling program to identify the extent of the coal resource and its gas content.
Successful results from the initial drilling program could lead to up to forty holes being drilled across each tenement in the first four years to prove the extent of the resource and target the certification of gas reserves.