Westbridge Energy Corporation

Westbridge Energy Corporation

May 22, 2013 13:25 ET

Westbridge Energy Comments on Walvis Basin Activity

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 22, 2013) - Westbridge Energy Corporation (TSX VENTURE:WEB)(FRANKFURT:PUQ1) ("Westbridge") commented today on data and recent drilling results from the Wingat well, in the Walvis Basin, offshore Namibia, and the insight it provides Westbridge regarding its licenses in the Walvis Basin.

May 20th, 2013 this week the results from drilling Wingat-1 were announced by a Brazilian exploration company. The well confirmed the presence of two different source rocks, both of which are in the oil generation window and recovered light oil in the range of 38° - 42° API.

"We believe the results of the Wingat well are quite positive for license holders in the Walvis Basin. The results demonstrate that the petroleum generating system in the basin is working. It also corroborates the residual oil shows and high TOC readings in the 1911/15-1 well drilled in 1994 on the license currently being acquired by Westbridge" stated Westbridge's CEO, Tosan Omatsola. "The Wingat well results establish a working hypothesis for multiple source rocks over a 200 kilometer span of the basin beginning in our licenses and ending at the Wingat well location."

Westbridge's initial technical analysis indicates the residual oil shows in its 1911 well (pending acquisition) migrated from a mature, high-API oil source(s). This information establishes the Walvis Basin as the oil prone basin in Namibia. By mid-2014 there is expected to be 4 new wells drilled by others in offshore Namibia, 3 of which will be in the Walvis Basin. These wells are expected to provide Westbridge with new information and data points to grade its highly prospective acreage.

About Westbridge

Westbridge Energy Corporation is an international oil and gas exploration and development company with a robust portfolio of oil and gas licenses in the vastly underexplored and highly prospective Walvis Basin, offshore Namibia. The licenses cover five blocks (1811B, 1911A rel, 1912B, 1910A rel and 2011A rel), which cover over 21,448 square kilometers and contain over 10,000 line kilometers of high quality 2D seismic data. Westbridge is Operator of the licenses and has an 80% working interest in 1811b and a 75% working interest in the remaining four licenses.

For additional information readers are invited to review additional corporate and property information available on SEDAR at www.sedar.com and Westbridge's website at www.westbridgeweb.com.

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