Westbridge Provides Results of Electromagnetic Feasibility Study on Namibian Assets and Gives Strategic Update

Westbridge Provides Results of Electromagnetic Feasibility Study on Namibian 
Assets and Gives Strategic Update 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 10/16/13 --
Westbridge Energy Corporation ("Westbridge" or the "Company") (TSX
VENTURE:WEB) is pleased to provide the results of an electro-magnetic
("EM") feasibility and modeling study conducted by PetroMarker ASA of
Norway ("PetroMarker") over the Company's 22,484 square kilometers of
contiguous offshore concessions in the Walvis Basin, Namibia and an
update with respect to its strategic focus in the fourth quarter of
PetroMarker EM Feasibility Study 
Westbridge engaged PetroMarker to carry out a feasibility study to
confirm that an EM survey would be applicable for the Namibian
acreage. PetroMarker ran several EM analysis scenarios based on
multiple resistive models. The study concludes the probability of
detecting the Paleogene - Neogene aged reservoirs (depth to target
around 3,200 meters) is quite high. These reservoirs are comparable
in age to discoveries in Angola and Brazil. The EM survey will
significantly improve the prospectivity of Westbridge's acreage when
used in combination with other technical tools and will allow for the
detection of hydrocarbon filled structures when present.  
Strategic Update 
Westbridge has been actively sourcing and evaluating opportunities
including, but not limited to, the potential farm-down of its
Namibian acreage and the acquisition of assets to diversify its
portfolio by adding current and near-term production.  
Westbridge is currently the 2nd largest acreage holder in the Walvis
Basin, the only basin in Namibia with proven oil prone source rocks
that generate light sweet crude oil as recently evidenced by the
Wingat-1 Well drilled by HRT. The Company's acreage was previously
drilled by Norsk Hydro (now Statoil of Norway) and contains the same
source rocks identified in the Wingat-1 Well. This means an active
petroleum system exists within Westbridge's acreage. Westbridge's
licenses are up dip and adjacent to the northwest corner of the
blocks Tullow Oil Plc recently farmed into for a 65% operating
interest in exchange for completing an estimated US$130 million of
expenditures. The Westbridge acreage also boarders the eastern limit
of the license Repsol SA of Spain intends to drill in February, 2014.
The Company believes these characteristics uniquely position the
licenses for potential partners compared to other blocks in the
In tandem with the objective to source a world-class partner for
Namibia, the management team has been actively reviewing multiple
opportunities to provide investor's exposure to advanced stage
Management Commentary 
Tosan Omatsola, President and Chief Executive Officer of Westbridge,
comments: "The results of the EM feasibility study conducted by
PetroMarker further affirm the potential for leading edge
technologies to be applied to de-risk our acreage in Namibia. The
results show this technology is capable of identifying hydrocarbon
accumulations comparable to notable discoveries in Angola and
Brazil". Further he comments: "Our team has also been actively
advancing our stated mandate to create shareholder value through
joint ventures and acquisitions. These processes are being managed by
both our management and board, which collectively have accumulated
over 100 years of financial experience and relationships."  
About PetroMarker 
PetroMarker was formed in 2004 by ORG Holding AS, to develop and
operate the new marine electromagnetic survey method devised and
patented within the group. PetroMarker's EM technology is based on
the unique, fully patented, vertical electric method, TEMP-VEL, which
offers better accuracy, higher sensitivity and deeper penetration,
depending on geology. PetroMarker's activities range from feasibility
studies prior to offshore investigations, preparation of offshore
surveys in terms of survey configuration, planning, acquisition and
processing of the data, to final interpretation and recommendations
to oil companies and upstream vendors. 
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
oil prone Walvis Basin, offshore Namibia. The licenses cover five
blocks (1811B, 1911A Rel., 1912B, 1910A Rel. and 2011A Rel.), which
cover 22,484 square kilometers and contain over 10,000 line
kilometers of high quality 2D seismic data. Westbridge is the
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.  
On behalf of Westbridge Energy Ltd., 
Tosan Omatsola, President and Chief Executive Officer 
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 and
forward-looking information within the meaning of applicable
securities laws. The use of any of the words "expect", "anticipate",
"continue", "estimate", "objective", "ongoing", "may", "will",
"project", "should", "schedule", "believe", "plans", "intends" and
similar expressions are intended to identify forward-looking
information or statements. More particularly and without limitation,
this news release contains forward-looking statements and information
concerning the Company s future operations and prospects. The
forward-looking statements and information are based on certain key
expectations and assumptions made by the Company, including
expectations and assumptions concerning equipment and crew
availability, and joint venture partner financial capability.
Although the Company believes that the expectations and assumptions
on which such forward-looking statements and information are based
are reasonable, undue reliance should not be placed on the
forward-looking statements and information because the Company can
give no assurance that they will prove to be correct. By its nature,
such forward-looking information is subject to various risks and
uncertainties, which could cause the Company's actual results and
experience to differ materially from the anticipated results or
expectations expressed. These risks and uncertainties include, but
are not limited to, reservoir performance, labor, equipment and
material costs, access to capital markets, interest and currency
exchange rates, and political and economic conditions. Additional
information on these and other factors is available in continuous
disclosure materials filed by the Company with Canadian securities
regulators. Readers are cautioned not to place undue reliance on this
forward-looking information, which is given as of the date it is
expressed in this news release or otherwise, and to not use
future-oriented information or financial outlooks for anything other
than their intended purpose. The Company undertakes no obligation to
update publicly or revise any forward-looking information, whether as
a result of new information, future events or otherwise, except as
required by law.
Westbridge Energy Corporation
Tosan Omatsola
President and CEO
+1 604 638 9378
Westbridge Energy Corporation
Peter Henry
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