Westside Energy Reports 1.5 MMCFE/D Test Rate From Northern Area Horizontal Well
May 17 2007 - 9:30AM
PR Newswire (US)
DALLAS, May 17 /PRNewswire-FirstCall/ -- Westside Energy
Corporation (AMEX:WHT), an oil and gas company with operations
focused on the exploration and development of natural gas in the
Barnett Shale play today reported that the Fortenberry #2H well
(WHT 39.5% WI), the Company's first Wise County horizontal well in
the North Program area, was successfully completed and tested at a
gross initial rate of 982 MCF/D and 82 BO/D (1.5 MMCFE/D) on a
33/64 inch choke. The well continues to unload completion fluid.
Westside anticipates that the choke will be opened further after
the initial surge of fluid is recovered. As reported previously,
gas production in this area averages over 1,200 BTU/CF. The
Company's second well in Hill County, the Ellison Estate #1H, has
been completed and is currently unloading natural gas and frac
fluid. A test rate for this well will be announced once stabilized
rates have been recorded. Our third Hill County well, the Primula
#2H (WHT 50% WI), is currently in the drilling phase. The Primula
#2H is the first of the eight well drilling program budgeted for
the remainder of 2007 in Hill County. Westside's 2007 development
activities continue to be primarily focused on continuing
development activities of joint exploration agreement acreage in
Hill County. Management Comment Douglas G. Manner, Westside's Chief
Executive Officer stated, "The majority of the wells drilled by
industry in the counties in our North Program area have
historically been vertical due to the thicker nature of the gross
Barnett Shale interval. We are encouraged, however, by the positive
results in this horizontal test as it relates to our view of the
hydrocarbon potential and future development plans in this area."
About Westside Energy Corporation Dallas-based Westside Energy is
an oil and gas company focused on exploiting its significant
acreage position 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 CFO of Westside Energy Corporation,
+1-214-522-8990, ext. 1117 Web site: http://www.westsideenergy.com/
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