WestSide Corporation Limited

Funds raised under the SPP will be used to fund WestSide's operations for the financial year ended 30 June 2014 while the Company seeks to secure new gas supply agreements and finalise associated field development plans.

WestSide Corporation Limited (ASX:WCL) (WestSide) today announces that WestSide has successfully completed a private placement to institutional and sophisticated investors of new fully paid ordinary shares at A$0.18 per share to raise A$8 million (Placement); and will offer eligible shareholders the opportunity to subscribe for shares at the same issue price of A$0.18 per share through a share purchase plan (SPP) targeting an additional A$2 million.

The Board of dedicated Coal Seam Gas (CSG) producer WestSide Corporation Ltd (ASX:WCL) is pleased to announce the appointment of international oil and gas sector executive Mike Hughes as CEO to lead the Company during its next exciting growth phase.

WestSide Corporation Limited (ASX:WCL) advises that the Company's 2013 Annual General Meeting will be held on Monday, 25 November 2013, at UQ Business School Downtown, Central Plaza 1, Level 19, 345 Queen Street, Brisbane.

WestSide Corporation Ltd (ASX:WCL) (OTCMKTS:WBRIF) advises that the Thisit 01 exploration well will be plugged and abandoned before reaching its planned total depth due to hole instability.

WestSide Corporation Limited (ASX:WCL) today advises that it expects to report a loss of $21.9 million for FY2013 after taking write downs totalling $8.9 million against the carrying values of the Company's Galilee Basin exploration interests and its drilling rig.

WestSide Corporation Ltd (ASX:WCL) is pleased to advise that drilling has commenced on the Thisit 01 exploration well 18km north west of Moura.

As Operator of the Meridian SeamGas CSG gas field, WestSide Corporation Ltd (ASX:WCL) is pleased to advise August gas sales have averaged 11.1 Terajoules a day (TJ/d) month to date - up 22 per cent from a low in May 2013.

WestSide Corporation Limited (ASX:WCL) has undertaken a strategic review of the business following the withdrawal of PetroChina International Investment Company Limited's (PetroChina) non-binding proposal to acquire 100 per cent of the Company.

WestSide Corporation Limited (ASX:WCL) has been advised by PetroChina International Investment Company Limited (PetroChina), which submitted an indicative, non-binding proposal to acquire 100 per cent of the shares in WestSide on 19 November 2012, that it will not proceed with the proposal.