Australia

By OGJ editors
HOUSTON, Mar. 3 -- WestSide Corp. Ltd., Brisbane, and Mitsui E&P Australia Pty. Ltd. plan to acquire the Dawson Seamgas coal seam gas assets in Queensland’s Bowen Basin from Anglo American and Mitsui Moura Investment Pty. Ltd.

WestSide, which must secure financing, will operate with 51% interest in Petroleum Lease 94 and Mining Lease gas rights. WestSide has also bid for adjoining ATP 602P and ATP 564P.

The Dawson fields have certified reserves of 60 petajoules proved, 186 PJ proved and probable, and 334 PJ proved, probable, and possible. The companies plan to expand production to 23 MMcfd from the present 11.2 MMcfd and ultimately export liquefied natural gas.