Westside Energy Reports 1.9 MMCF/D Test Rate From Second Hill County Horizontal Well
May 23 2007 - 9:30AM
PR Newswire (US)
DALLAS, May 23 /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 Ellison Estate #1H well
(WHT 50% WI), the Company's second Hill County horizontal well, was
successfully completed and tested at a gross initial rate of 1,900
MCF/D on a 40/64 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. The
Company's third Hill County well, the Primula #2H (WHT 50% WI), is
currently drilling in the horizontal section. As stated previously,
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. However, the Company recently completed and
fracture stimulated a vertical well in its North Program area, the
Smith #2 (WHT 61.5% WI) which was drilled in 2006 and was waiting
on pipeline construction completion. It is currently flowing back
frac water. Management Comment Douglas G. Manner, Westside's Chief
Executive Officer stated, "Our Hill County drilling program is now
well underway. Our goal for future drilling is to continue to
reduce drilling costs and apply various frac techniques to further
improve our initial production rates and continue to increase
ultimate recoveries from these wells." 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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