Westside Energy Approved for American Stock Exchange Listing
June 15 2005 - 6:11PM
PR Newswire (US)
Westside Energy Approved for American Stock Exchange Listing
HOUSTON, June 15 /PRNewswire-FirstCall/ -- Westside Energy
Corporation (OTC:WEGC) (BULLETIN BOARD: WEGC) today announced that
the American Stock Exchange approved Westside Energy's application
for listing the Company's common stock. This approval is contingent
upon Westside Energy being in compliance with all applicable
listing standards on the date it begins trading on the Exchange,
and may be rescinded if the Company is not in compliance with such
standards. Shares of Westside Energy's common stock will begin
trading on the American Stock Exchange under the symbol "WHT" on or
about June 20, 2005. Keith D. Spickelmier, Westside Energy Chairman
of the Board, said: "This is a momentous event for Westside Energy.
When we began formulating our long-term strategy for Westside, we
did envision the Company being listed on a major North American
stock exchange. It is a testament to the efforts of many -- our
employees, the Company's board of directors, investors, investment
bankers, partners and consultants -- that we have achieved this
important milestone as quickly as we have. We will endeavor to stay
the course of creating shareholder value and building Westside into
a top-tier independent oil and gas company." Jimmy D. Wright,
Westside Energy President and Chief Executive Officer, said: "We
believe that our listing on the American Stock Exchange will
increase investor interest in our common stock and result in
greater visibility within the investment community. In addition,
listing on a national exchange should further enhance our
credibility with both existing and new joint venture partners, as
we execute our strategies in the number one producing natural gas
field in Texas, the Barnett Shale play." About Westside Energy
Corporation Houston-based Westside Energy is an oil and gas company
focused on exploiting its 68,271 gross (65,548 net) acres in the
prolific Barnett Shale trend in North Texas. For more information
about Westside Energy, please visit the Company's website
http://www.westsideenergy.com/. Forward-Looking Statements Certain
statements in this news release regarding future expectations,
plans for acquisitions and dispositions, oil and gas reserves,
exploration, development, production and pricing may be regarded as
"forward-looking statements" within the meaning of the Securities
Litigation Reform Act. They are subject to various risks, such as
operating hazards, drilling risks, the inherent uncertainties in
interpreting engineering data relating to underground accumulations
of oil and gas, as well as other risks discussed in detail in the
Company's periodic reports and other documents filed with the SEC.
Actual results may vary materially. DATASOURCE: Westside Energy
Corporation CONTACT: Sean J. Austin, Vice President and Controller
of Westside Energy Corporation, +1-713-979-2660, ext. 206 Web site:
http://www.westsideenergy.com/
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