WestSide Corporation Limited (ASX:WCL) Paranui Drilling Update
WestSide Corporation Limited (ASX:WCL) Paranui Drilling Update

Brisbane, June 25, 2010 AEST (ABN Newswire) - WestSide Corporation Limited (googlechartASX:WCL) is drilling up to three new appraisal wells at its Paranui CSG pilot in ATP 769P near Moura in Queensland's Bowen Basin. The Paranui #12 well is the second of three appraisal wells which will aim to test gas and water flow rates from the Baralaba coal seams.

Selected coal seams in the three new appraisal wells - Paranui #11, 12 and 13 will be underreamed and cavitated before the wells are completed for testing of gas and water flows.

The performance of these cavitated vertical wells will be compared to the results from the existing three Paranui pilot wells which were subjected to fracture stimulation treatments.

The Paranui #12 well spud on 22 June 2010. Surface casing has been set to a depth of 111 metres and the well is currently drilling ahead at 350 metres towards its target depth of 1,000 metres.

ATP 769P coal seam gas drilling program (Paranui)
--------------------------------------------------------------------------Well     Well Type   Spud Date   Finish Date  Current StatusParanui  Appraisal   02/06/2010  19/06/2010   Drilled to 1,035m. Logged, #11                                           coal seams underreamed and                                              cavitated. Suspended for                                              completion with production                                               production testing equipment.--------------------------------------------------------------------------Paranui  Appraisal   22/06/2010  06/07/2010*  Surface casing set,#12                                           drilling ahead at 350m.--------------------------------------------------------------------------Paranui  Appraisal   09/07/2010* 25/07/2010*  Site preparation ongoing#13                                           (The drilling of this well                                               is dependent on the results                                              of Paranui #11 and #12)--------------------------------------------------------------------------
* Proposed dates

Forthcoming program

Drilling will continue on Paranui #12. After reaching target depth, the well will be logged and selected coal seams will be underreamed and cavitated.

For the complete WestSide Corporation Limited announcement including ATP 769P Area Of Operations Map, please view the following link:

http://www.abnnewswire.net/media/en/docs/63169-ASX-WCL-221559.pdf

Contact

Angus Karoll
Chairman and CEO
WestSide Corporation Ltd
Ph: +61-7-3020-0900
www.westsidecorporation.com



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