Westside Energy Reports 2.5 MMCF/D Test Rate From Fourth Hill County Horizontal Well
09 November 2007 - 12:30AM
PR Newswire (US)
DALLAS, Nov. 8 /PRNewswire-FirstCall/ -- Westside Energy
Corporation (AMEX:WHT), an oil and gas company with operations
focused on the exploration and development of natural gas in the
Barnett Shale play, today reported that the Ellison Estate #2H well
(WHT 47% WI), the Company's fourth Hill County horizontal well, was
successfully completed and tested at a gross initial rate of 2.5
MMCF/D. The Company's fifth Hill County well, the Ellison Estate
#3H (WHT 47% WI), has been drilled, cased and fracture-stimulated
and is currently flowing back completion fluids. Having finished
drilling operations on the #3H well, the rig was repositioned and
is currently drilling the Ellison Estate #4H well (WHT 47% WI). In
Johnson County, completion and flow back activities are continuing
on five horizontal wells in the Alfred Kennon lease (WHT 44% WI)
obtained as part of the recently announced asset acquisition
transaction. Management Comment Douglas G. Manner, Westside's Chief
Executive Officer stated, "Our development activities in Hill and
Johnson Counties continue to add to our growing proved reserves and
production, resulting in additional sales volumes and cash flow. We
are very focused on executing our drilling plan, controlling our
costs and creating additional value for our stockholders." About
Westside Energy Corporation Dallas-based Westside Energy is an oil
and gas company focused on exploiting its significant acreage
position in the prolific Barnett Shale trend in North Texas. For
more information about Westside Energy, please visit the Company's
website: http://www.westsideenergy.com/. Forward-Looking Statements
Certain statements in this news release regarding future
expectations, plans for acquisitions and dispositions, oil and gas
reserves, exploration, development, production and pricing may be
regarded as "forward-looking statements" within the meaning of the
Securities Litigation Reform Act. They are subject to various
risks, such as operating hazards, drilling risks, the inherent
uncertainties in interpreting engineering data relating to
underground accumulations of oil and gas, as well as other risks
discussed in detail in the Company's periodic reports and other
documents filed with the SEC. Actual results may vary materially.
DATASOURCE: Westside Energy Corporation CONTACT: Sean J. Austin,
Vice President and CFO of Westside Energy Corporation,
+1-214-522-8990, ext. 1117 Web site: http://www.westsideenergy.com/
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