Westside Energy Reports 2.1 MMCF/D Test Rate From Third Hill County Horizontal Well
23 Août 2007 - 5:03PM
PR Newswire (US)
DALLAS, Aug. 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 Primula South #2H well
(WHT 50% WI), the Company's third Hill County horizontal well, was
successfully completed and tested at a gross initial rate of 2.1
MMCF/D. The well continues to unload completion fluid at a rate of
600 BPD. The Company's fourth Hill County well, the Ellison Estate
#2H (WHT 50% WI), has been drilled and cased and is waiting on
fracture stimulation and pipeline construction. The drilling rig is
being moved to the Company's fifth Hill County location and will
soon commence drilling the Ellison Estate #3H well (WHT 50% WI).
Westside's 2007 drilling activities are primarily focused on joint
exploration agreement acreage in Hill County. However, development
of certain leases in the North Program area continues through
various farmout arrangements in which Westside retains a carried
interest. Recent activity is as follows: Well Name Type Status Seay
#1H Horizontal Unloading frac water; beginning to cut oil. Gray #1H
Horizontal Unloading frac water. Elam #2H Horizontal Drilled and
cased; waiting on completion. Management Comment Douglas G. Manner,
Westside's Chief Executive Officer, stated, "We continue to make
progress on executing our 2007 drilling plan. The initial rate on
the Primula South #2H well is in line with our expectations and we
experienced significant execution time improvements in the drilling
of the Ellison Estate #2H well. Production rates from the
previously reported Primula #1H and Ellison Estate #1H wells are
tracking above rates projected in pre-drill estimates. Our North
Program farmout activities have allowed us to continue to test and
develop this acreage without having to allocate additional capital
to this area in 2007." 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/
Copyright
Westside Energy (AMEX:WHT)
Graphique Historique de l'Action
De Fév 2025 à Mar 2025
Westside Energy (AMEX:WHT)
Graphique Historique de l'Action
De Mar 2024 à Mar 2025
Real-Time news about Westside Energy Corp. (American Stock Exchange): 0 recent articles
Plus d'articles sur Westside Energy Corp.