WestSide Corporation Limited (ASX Code: WCL) is pleased to announce a significant upgrade to total Proved, Probable and Possible reserves (3P), after receiving a new reserves report on the Meridian SeamGas gas fields near Moura in Queensland‚s Bowen Basin.

The report was commissioned by WestSide from independent reserve certifiers MHA Petroleum Consultants LLC, as part of a regular review of the Company‚s asset base following completion of a large work program of exploration, production well drilling and production work overs in 2011.

As a result, WestSide‚s total net 3P reserves have increased 96 per cent or 356 PJ to 725 PJ while 2P reserves increased 17 per cent or 37 PJ to 258 PJ and 1P reserves rose 86 per cent or 3 PJ to 6.5 PJ. The reserves were certified in accordance with SPE PRMS guidelines.

WestSide‚s Chief Executive Officer Dr Julie Beeby welcomed the MHA report identifying the volume and potential value of the previously uncertified reserves.