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

Brisbane, Mar 7, 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 MER11VR appraisal well in PL 94 near Moura - maintaining the current reserve expansion program's momentum.

MER11VR, which replaces the previously plugged and abandoned MER11V appraisal well nearby, spudded at 20:30 hours on 6 March 2011 and is drilling ahead.

The larger Schramm TXD 180 rig will drill and case this appraisal well to an approximate depth of 1,300 meters targeting the Baralaba Coal Measures. The well will then be logged and tested for casing and suspension as a future production well.

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

Wells drilled to date in the reserves expansion exploration program have intersected from 15 metres to in excess of 20 metres of net coal measured, generally exceeding expectations.

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

For the complete WestSide announcement including drilling program tables and maps, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/229970.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