WestSide Corporation Limited (ASX:WCL) Updates On Expansion Exploration Drilling Of Meridian SeamGas Reserves

Brisbane, Feb 17, 2011 AEST (ABN Newswire) - As Operator of the Meridian SeamGas CSG gas fields, WestSide Corporation Ltd (ASX:WCL) is pleased to advise that drilling has commenced on the MER03X exploration well in PL 94 near Moura - maintaining the current reserve expansion program's momentum.

MER03X spudded at 23:00 hours on 16 February 2011 and is drilling ahead. Dominion Drilling's DR02 rig will drill this exploration core hole to a target depth of 465 metres, targeting the Baralaba Coal Measures and Kaloola Formation.

Core samples will then be sent to BJ Services in the USA for fracture stimulation testing.

The well is the sixth in an exploration program designed to increase the Meridian SeamGas joint venture's gross proved and probable (2P) reserves by up to 200 petajoules.

The MER08V appraisal well, which reached its target depth of 641 metres on January 28 2011, intersected the targeted Baralaba Coal Measures and Kaloola Formation with total net coal measured exceeding 15 metres.

The thicknesses of the previously ignored upper V and Y seams intersected by MER08V were in line with expectations.

The inclusion of these seams should assist in increasing Meridian's reserves. IFO and step rate tests are now underway on these new seams in this well which will then be cased as a future producer.

The MER11V well was drilled to 815.95 metres before the hole became unstable. It is currently being plugged and abandoned. A replacement well is scheduled to be drilled with the Schramm TXD rig later in the program.

WestSide will issue regular updates as and when appropriate as the reserves expansion exploration program progresses.

For the complete WestSide Corporation Limited announcement including table and map, please refer to the following link:

http://www.abnnewswire.net/media/en/docs/65249-ASX-WCL-229125.pdf

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