VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 8, 2014) - As an update to its news release dated March 18, 2014, Westbridge Energy Corporation (TSX VENTURE:WEB)(PINKSHEETS:WEGYF)(FRANKFURT:PUQ1) ("Westbridge" or the "Company") alongside Black Pearl Holdings, LLC ("Black Pearl") is pleased to announce the mobilization of a work crew and the Baker Hughes's STIMGun propellant-assisted perforating system to the Bivens Field in Beauregard Parish, Louisiana. The work crew and equipment are scheduled to be on location by the end of the week. Production results will be available several days after the work over of the Olympia Minerals #2 ("OM#2") well has been completed.
Westbridge and Black Pearl also anticipate securing a work crew and fracture equipment for the 11,300' sand of the Olympia Minerals #1 ("OM#1") well at Bivens Field in the near term. Similar to the OM#2, Baker Hughes will be conducting this work over.
Management Commentary
Mr. Tosan Omatsola, President and CEO of Westbridge, comments: "The work over of the wells at Bivens Field will mark a significant step forward for Westbridge and its partnership with Black Pearl Holdings, LLC. It is anticipated these work overs will produce results similar to the initial production rates at the time these wells were drilled and may provide cash flow sufficient to sustain the ongoing operations of both companies. The OM#1 had initial test rates of 240 barrels of oil per day and 1 million cubic feet of gas per day and the OM#2 had initial test rates of 160 barrels of oil per day and 800 thousand cubic feet of gas per day."
For additional information, readers are invited to review additional corporate and property information available at Westbridge's website at:
www.westbridgeweb.com On behalf of Westbridge Energy Corporation,
Tosan Omatsola, President and Chief Executive Officer
Darren Collins, Vice President, Business Development
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward looking information" within the meaning of the British Columbia Securities Act, the Alberta Securities Act and the Ontario Securities Act. Generally, the words "expect", "intend", "estimate", "will" and similar expressions identify forward-looking information. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward looking information. Statements in this press release regarding Westbridge's business or proposed business, which are not historical facts, are forward-looking information that involve risks and uncertainties, such as estimates and statements that describe Westbridge's future plans, objectives or goals, including words to the effect that Westbridge or management expects a stated condition or result to occur. Since forward-looking statements address events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. All of the Company's Canadian public disclosure filings may be accessed via
www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's oil and gas properties. The foregoing commentary is based on the beliefs, expectations and opinions of management on the date the statements are made. The Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.