DALLAS, May 17 /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 Fortenberry #2H well (WHT 39.5% WI), the Company's first Wise County horizontal well in the North Program area, was successfully completed and tested at a gross initial rate of 982 MCF/D and 82 BO/D (1.5 MMCFE/D) on a 33/64 inch choke. The well continues to unload completion fluid. Westside anticipates that the choke will be opened further after the initial surge of fluid is recovered. As reported previously, gas production in this area averages over 1,200 BTU/CF.
The Company's second well in Hill County, the Ellison Estate #1H, has been completed and is currently unloading natural gas and frac fluid. A test rate for this well will be announced once stabilized rates have been recorded. Our third Hill County well, the Primula #2H (WHT 50% WI), is currently in the drilling phase. The Primula #2H is the first of the eight well drilling program budgeted for the remainder of 2007 in Hill County.
Westside's 2007 development activities continue to be primarily focused on continuing development activities of joint exploration agreement acreage in Hill County.
Management Comment Douglas G. Manner, Westside's Chief Executive Officer stated, "The majority of the wells drilled by industry in the counties in our North Program area have historically been vertical due to the thicker nature of the gross Barnett Shale interval. We are encouraged, however, by the positive results in this horizontal test as it relates to our view of the hydrocarbon potential and future development plans in this area." 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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