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

Brisbane, May 2, 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 MER05X exploration well in PL 94 near Moura - maintaining the current reserve expansion program's momentum.

MER05X spudded at 18:30 hours on 30 April 2011 and is drilling ahead toward a target depth of 475 metres. The well will then be logged, tested and suspended as a future monitoring well.

This is the tenth 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.

The MER14X exploration well, which has been drilled to a target depth of 830 metres, intersected the targeted Baralaba Coal Measures and Kaloola Formation with total net coal measured of 16.8 metres.

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

For the complete WestSide announcement including the PL 94 CSG reserves expansion exploration drilling program table, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/231618.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