WestSide Corporation Limited (ASX:WCL) Galilee Basin Exploration Drilling Program Update

Brisbane, Nov 14, 2011 AEST (ABN Newswire) - WestSide Corporation Limited (ASX:WCL) advises that Galilee Basin exploration well Glenlyon 2, within ATP 974P in north western Queensland, has spudded.

Glenlyon 2, sited adjacent to Glenlyon 1 about 70km south of Richmond, spudded at 07:30 hours on 12 November 2011 and the rig is now drilling ahead.

The target coal seams are expected to occur in Glenlyon 2 from approximately 1,150 metres and will be cored to determine gas content and composition.

Glenlyon 1 was drilled successfully to a depth of 1,101 metres before an obstruction in the well prevented drilling below this depth.

The Great Artesian Basin (GAB) aquifers were sealed off with casing and cement in accordance with the well design to protect their integrity and prevent any connection between the aquifers and other activities in the well.

Glenlyon 1 has now been plugged and abandoned - a routine industry practice which involved sealing the well by filling it with cement - as planned.

Data collected from Glenlyon 1 is being used to drill the new well and for further evaluation of the area.

Glenlyon 2 is the second in an exploration program of up to four wells to investigate the hydrocarbon potential of the Permian-age Betts Creek and Aramac Coal Measures present throughout the basin.

WestSide has a 51 per cent operating interest in ATP 974P and ATP 978P in joint venture with Mitusi E&P Australia Pty Ltd which has a 49 per cent interest in both tenements.

The tenements in the north-western part of the Galilee Basin cover a combined area of 14,480 km2 which WestSide believes could contain up to 21 trillion cubic feet of gas in place.

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

For the complete WestSide announcement including drilling program table and map, please view the following link:
http://media.abnnewswire.net/media/en/docs/ASX-WCL-237255.pdf

Contact

WestSide Corporation Ltd Dr Julie Beeby Chief Executive Officer Tel: +61-7-3020-0900 Richard Owen Investor & Community Relations Manager WestSide Corporation Limited Tel: +61-7-3020-0933 Email: richard.owen@westsidecorporation.com