DALLAS, May 23 /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 #1H well (WHT 50% WI), the Company's second Hill County horizontal well, was successfully completed and tested at a gross initial rate of 1,900 MCF/D on a 40/64 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.
The Company's third Hill County well, the Primula #2H (WHT 50% WI), is currently drilling in the horizontal section. As stated previously, 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. However, the Company recently completed and fracture stimulated a vertical well in its North Program area, the Smith #2 (WHT 61.5% WI) which was drilled in 2006 and was waiting on pipeline construction completion. It is currently flowing back frac water.
Management Comment Douglas G. Manner, Westside's Chief Executive Officer stated, "Our Hill County drilling program is now well underway. Our goal for future drilling is to continue to reduce drilling costs and apply various frac techniques to further improve our initial production rates and continue to increase ultimate recoveries from these wells." 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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