WestSide Corporation Limited (ASX:WCL) Paranui Drilling Update

Brisbane, July 16, 2010 AEST (ABN Newswire) - WestSide Corporation Limited (ASX:WCL) is drilling three new appraisal wells at its Paranui CSG pilot in ATP 769P near Moura in Queensland's Bowen Basin. The Paranui #13 well is the last of the three appraisal wells which will aim to test gas and water flow rates from the Baralaba coal seams.

Highlights

- The Paranui #13 coal seam gas (CSG) appraisal well has reached its target depth of 1,070 m. Selected coal seams have been underreamed and will be jetted to instigate cavitation of the seams around the well bore after the seams have been logged. The well will be suspended for future production testing.

Paranui #11, 12 and 13 will be placed on production test and the production 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.

ATP 769P coal seam gas drilling program (Paranui)----------------------------------------------------------------------Well        Well Type  Spud Date    Finish Date   Current Status----------------------------------------------------------------------Paranui#11  Appraisal  2 June 2010  19 June 2010  Suspended for                                                  completion with                                                  production testing                                                  equipment.----------------------------------------------------------------------Paranui#12  Appraisal  22 June 2010  4 July 2010  Suspended for                                                  completion with                                                  production testing                                                  equipment.----------------------------------------------------------------------Paranui#13  Appraisal  6 July 2010  17 July 2010* Drilled to 1,070m.                                               Coal seams underreamed,                                               logging in progress.----------------------------------------------------------------------* Proposed date

Forthcoming program

Once all target coal seams have been logged and cavitated the well will be suspended for later production testing.

The rig will move to the neighbouring WestSide-operated Meridian SeamGas field to commence drilling new production wells.

Contact

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