WestSide Corporation Limited (ASX:WCL) Update On Meridian Reserves Expansion Exploration Drilling

Brisbane, Mar 1, 2011 AEST (ABN Newswire) - As Operator of the Meridian SeamGas CSG gas fields, WestSide Corporation Limited (ASX:WCL) is pleased to advise that drilling has commenced on the MER03V exploration well in PL 94 near Moura - maintaining the current reserve expansion program's momentum.

MER03V spudded at 16:00 hours on 28 February 2011 and is drilling ahead. Dominion Drilling's DR02 rig will drill this appraisal well to a target depth of 600 metres, targeting the Baralaba Coal Measures and Kaloola Formation.

The well is the seventh 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 adjacent MER03X exploration well intersected in excess of 20 metres of net coal measured, exceeding expectations. The core samples are now being prepared for despatch to the United States for fracture stimulation testing.

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

For the complete WestSide announcement including map, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/229692.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