WestSide updates Kalimantan coal seam gas project

The following is an excerpt from Westside Corporation Ltd. on Kalimantan coal seam gas (CSG) project, taken from the quarterly report ended Dec 31, 2008 released on Friday.

International Developments

WestSide has agreements with Indonesia?s leading thermal coal producer, PT Bumi Resources to jointly explore for CSG in Indonesia. Bumi subsidiaries PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia are together, by far, the largest thermal coal producers in Indonesia.

WestSide and Bumi Resources? jointly-owned company, PT Seamgas Indonesia, have prepared a project definition study to identify CSG resources at the KPC mine site in Kalimantan.

Kaltim Prima Coal ? Kalimantan
(WestSide beneficial interest: 50%; Kaltim Prima Coal: 50%)

WestSide, KPC and US-based CSG consultants Advanced Resources International(ARI) have completed a Project Definition Study (PDS) assessing the CSG potential of selected areas of the 91,000 hectare KPC coal mining permit site in Kalimantan.

WestSide?s partner in Indonesia, PT Bumi Resources is completing formalities to obtain the necessary permits to enable CSG exploration at the Kaltim Prima Coal mine site. (end of excerpt)