WestSide Corporation Limited (ASX:WCL) Production Maintained And Resumption Of Drilling Being Planned

Brisbane, Jan 14, 2011 AEST (ABN Newswire) - As Operator of the Meridian SeamGas Coal Seam Gas gasfields, WestSide Corporation Limited (ASX:WCL) is pleased to advise production activities at the joint venture's Bowen Basin operations near Moura have experienced only minor impacts to date from recent regional flooding and wet weather.

WestSide has also remained in compliance with all relevant environmental licences and regulations despite the impact of record rainfalls in the area and has had no safety incidents to report.

Plans are now place to resume the joint venture's production and reserves expansion exploration drilling activities as soon as possible.

WestSide's Chief Executive Officer Dr Julie Beeby said Meridian SeamGas production had been interrupted for approximately two days in late December following a brief loss of power to the joint venture's main compressor station.

"However, the main compressors were brought back on line within 48 hours as soon as we were able to regain access," Dr Beeby said.

"Production is currently down by approximately 10 per cent on pre-Christmas levels, but is continuing to recover from the impact of recent wet weather problems resulting from lack of access to some areas and wells within the fields."

Dr Beeby said gas sales would be down as a result of the deferred production.

As a result of wet weather preparations, WestSide was able to complete drilling the first two wells in the reserves expansion exploration program prior to Christmas and expects to have the next well site prepared for Dominion Drilling's DR02 rig by early next week, weather permitting.

"Additionally, preparations are underway for the Schramm rig, operated by Wood Group Wagners, to be in position to spud the first lateral component of Pretty Plains #10 - Meridian's third new dual-lateral production well set as soon as possible," Dr Beeby said.

"And we have a work-over rig ready and in position to complete and place the Pretty Plains #8 production well set under pump when conditions are safe for operations to resume there."

Dr Beeby said WestSide's Meridian field programs had been delayed by approximately a fortnight to date and that options to get back on schedule were being considered, including the use of track-mounted work over rigs to facilitate access along weather affected tracks.

As a result of flooding in Brisbane, however, WestSide suspended operations at its Brisbane head office from Tuesday, January 11 2011 until power, communications and normal access have been restored. Until then the Company's Moura office remains open while Brisbane-based staff will be operating from remote locations where possible.

Emails are unlikely to reach any WestSide addresses until power and communications services have been restored to the Brisbane CBD. Alternative contact information is available on WestSide's website : http://www.westsidecorporation.com

Contact

Julie Beeby Chief Executive Officer WestSide Corporation Limited Tel: +61-7-3020-0900 Richard Owen Investor & Community Relations Manager WestSide Corporation Limited Tel: +61-7-3020-0900 Mob: +61-412-869-937 Email: richard.owen@westsidecorporation.com http://www.westsidecorporation.com