WestSide Corporation Limited (ASX:WCL) says its March quarter production at Meridian SeamGas was up 10.6 per cent compared to the December quarter.
The coal-seam gas explorer attributes the increase to new Meridian wells ramping up.
Westside announced plans to raise $25.4 million last month, to fund a field development feasibility study for possible new gas sales agreements as well as to support its exploration program within its Bowen and Galilee Basin tenements.
In the first half of the 2012 financial year, Westside reported a net loss of $1.7 million.
