WESTSIDE CORPORATION LIMITED 
By 
The Directors of WestSide will carefully consider the Bidder's Statement and will make a recommendation to shareholders in a Target's Statement. In the interim, WestSide continues to recommend that shareholders take no action in respect of any communication from Landbridge.
Separately, WestSide notes the decision by its shareholder Energy Infrastructure Trust (EIT) to sell the majority of its shareholding to Landbridge. WestSide director John Clarke is also managing director of EIT's manager, Infrastructure Capital Group (ICG). Mr Clarke and ICG had put in place a separation of roles surrounding WestSide such that Mr Clarke was not responsible for the management of EIT's investment in WestSide. Accordingly, he was not involved in or aware of EIT's decision to sell its shares in WestSide.
Mr Clarke said: "I played no part in EIT's decision to sell. This was a small investment for them and they sold for portfolio management purposes. I understand and accept that, but as a director of WestSide my fiduciary obligation is to all WestSide shareholders and in that capacity I think shareholders should take no action with respect to Landbridge's offer."
WestSide has appointed Highbury Partnership Pty Limited as its financial adviser and Allens as its legal adviser.
About WestSide Corporation Limited:
WestSide Corporation Limited is an ASX-listed company (ASX:WCL) (OTCMKTS:WBRIF) with gas production, significant gas reserves and exploration interests in Queensland.
WestSide operates the Meridian SeamGas gas fields west of Gladstone in Queensland’s Bowen Basin. The Meridian gas fields comprise a range of CSG assets including a petroleum lease, gas rights in mining leases and gas compression and pipeline infrastructure connected to Queensland’s commercial gas network.
WestSide holds a 51% interest in the fields with Mitsui E&P Australia Pty Ltd holding the remaining 49%. The Meridian joint venture has executed a binding 20-year gas sales agreement with the GLNG Project at Gladstone to supply up to 65 Terrajoules of gas a day from 2015 at prices based on an oil-linked formula from 2016.
Elsewhere in the Bowen Basin, WestSide is currently operating an exploration and appraisal program at the ATP 769P (Paranui) and ATP 688P (Tilbrook and Mount Saint Martin) sites. WestSide holds a 25.5% interest in the tenements with Mitsui E&P Australia Pty Ltd (24.5 %) and QGC (50%).
Additional information is available on WestSide’s website: www.westsidecorporation.com
Source:
WestSide Corporation Limited
Contact:
WestSide Corporation Ltd Mike Hughes Managing Director and CEO TEL: +61-7-3020-0900 WestSide Corporation Ltd Damian Galvin Company Secretary TEL: +61-7-3020-0900 Highbury Partnership Alan Young Partner TEL: +61-2-8188-1152
