Exhibit
10.03




THESE
WARRANTS AND THE SHARES OF COMMON STOCK THAT MAY BE PURCHASED ON THE EXERCISE
HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR
ANY STATE SECURITIES LAWS.  THESE WARRANTS AND THE SHARES OF COMMON
STOCK THAT MAY BE PURCHASED ON THE EXERCISE HEREOF ARE BEING OFFERED AND SOLD
FOR INVESTMENT.  THESE WARRANTS AND THE SHARES OF COMMON STOCK ISSUED
OR ISSUABLE UPON EXERCISE OF THESE WARRANTS ARE SUBJECT TO THE RESTRICTIONS ON
TRANSFER SET FORTH IN SECTION 4 OF THIS WARRANT.





WESTSIDE
ENERGY CORPORATION





WARRANTS
FOR THE PURCHASE OF


SHARES
OF COMMON STOCK OF


WESTSIDE
ENERGY CORPORATION


(A
Nevada Corporation)





VOID
AFTER 5:00 P.M., CENTRAL STANDARD TIME,


ON
NOVEMBER 2, 2009





WARRANT
NO. 2008-1





Westside Energy Corporation, a Nevada
corporation (the "Company"), hereby certifies that Sterne, Agee & Leach,
Inc. (together with its permitted assigns, the "Registered Holder"), is the
holder of TWO HUNDRED SIXTY-FIVE THOUSAND (265,000) of the Company's Warrants
(singly, a "Warrant," and collectively, the "Warrants") thus entitling it,
subject to the terms set forth below, to purchase from the Company, at any time
or from time to time on or after February 1, 2008 and on or before November 2,
2009 at not later than 5:00 p.m. (Central Standard Time), one share of Common
Stock of the Company ("Common Stock") for each Warrant at a purchase price of
$2.00 per share.  The number of shares purchasable upon exercise of a
Warrant, and the purchase price per share, each as adjusted from time to time
pursuant to the provisions of this Warrant Certificate, are hereinafter referred
to as the "Warrant Stock" and the "Purchase Price",
respectively.  This warrant agreement represents the residual warrants
that were previously represented by a warrant agreement dated November 2, 2004
and that were not involved in a third party transfer leading to the execution of
this warrant agreement.





1.         
   Period of Exercise.





(a)           This
Warrant Certificate may be exercised by the Registered Holder, in whole or in
part, by surrendering this Warrant Certificate, with the purchase form appended
hereto as Exhibit A duly executed by such Registered Holder, at the principal
office of the Company, or at such other office or agency as the Company may
designate, accompanied by payment in full, by bank or certified check in lawful
money of the United States, of the Purchase Price payable in respect of the
number of shares of Warrant Stock purchased upon such exercise.





(b)           Each
exercise of a Warrant shall be deemed to have been effected immediately prior to
the close of business on the day on which this Warrant Certificate shall have
been surrendered to the Company as provided in subsection 1(a)
above.  At such time, the person or persons in whose name or names any
certificates for Warrant Stock shall be issuable upon such exercise as provided
in subsection 1(c) below shall be deemed to have become the holder or holders of
record of the Warrant Stock represented by such certificates.





(c)           As
soon as practicable after the exercise of a Warrant, and in any event within ten
(10) days thereafter, the Company at its expense shall cause to be issued in the
name of, and delivered to, the Registered Holder, or, subject to the terms and
conditions hereof, as the Registered Holder (upon payment by the Registered
Holder of any applicable transfer taxes) may direct:





(i)           a
certificate or certificates for the number of full shares of Warrant Stock to
which such Registered Holder shall be entitled upon such exercise plus, in lieu
of any fractional share to which such Registered Holder would otherwise be
entitled, cash in an amount determined pursuant to Section 3 hereof,
and





(ii)          in
case such exercise is in part only, a new warrant or warrants (dated the date
hereof) of like tenor, calling in the aggregate on the face or faces thereof for
the number of shares of Warrant Stock equal (without giving effect to any
adjustment therein) to the number of such shares called for on the face of this
Warrant Certificate minus the number of such shares purchased by the Registered
Holder upon such exercise as provided in subsection 1(a) above.





2.         
   Adjustments.





(a)           If
the outstanding shares of the Company's Common Stock shall be subdivided into a
greater number of shares or a dividend in Common Stock shall be paid in respect
of Common Stock, the Purchase Price in effect immediately prior to such
subdivision or at the record date of such dividend shall simultaneously with the
effectiveness of such subdivision or immediately after the record date of such
dividend be proportionately reduced.  If the outstanding shares of
Common Stock shall be combined into a smaller number of shares, the Purchase
Price in effect immediately prior to such combination shall, simultaneously with
the effectiveness of such combination, be proportionately
increased.  When any adjustment is required to be made in the Purchase
Price, the number of shares of Warrant Stock purchasable upon the exercise of a
Warrant shall be changed to the number determined by dividing (i) an amount
equal to the number of shares issuable upon the exercise of a Warrant
immediately prior to such adjustment, multiplied by the Purchase Price in effect
immediately prior to such adjustment, by (ii) the Purchase Price in effect
immediately after such adjustment.


2


(b)           If
there shall occur any capital reorganization or reclassification of the
Company's Common Stock (other than a change in par value or a subdivision or
combination as provided for in subsection 2(a) above), or any consolidation or
merger of the Company with or into another corporation, or a transfer of all or
substantially all of the assets of the Company, or the payment of a liquidating
distribution then, as part of any such reorganization, reclassification,
consolidation, merger, sale or liquidating distribution, lawful provision shall
be made so that the Registered Holder of this Warrant Certificate shall have the
right thereafter to receive upon the exercise hereof (to the extent, if any,
still exercisable) the kind and amount of shares of stock or other securities or
property which such Registered Holder would have been entitled to receive if,
immediately prior to any such reorganization, reclassification, consolidation,
merger, sale or liquidating distribution, as the case may be, such Registered
Holder had held the number of shares of Common Stock which were then purchasable
upon the exercise of a Warrant.  In any such case, appropriate
adjustment (as reasonably determined by the Board of Directors of the Company)
shall be made in the application of the provisions set forth herein with respect
to the rights and interests thereafter of the Registered Holder of this Warrant
Certificate such that the provisions set forth in this Section 2 (including
provisions with respect to adjustment of the Purchase Price) shall thereafter be
applicable, as nearly as is reasonably practicable, in relation to any shares of
stock or other securities or property thereafter deliverable upon the exercise
of a Warrant.





(c)           In
any case in which this Section 2 shall require that any adjustment in the number
of shares of Warrant Stock or other property for which a Warrant may be
exercised be made effective as of a record date for a specified event, the
Company may elect to defer until the occurrence of such event issuing to the
Registered Holder the amount of Warrant Stock and other property, if any,
issuable upon exercise of a Warrant after such record date that is over and
above the Warrant Stock and other property, if any, issuable upon exercise of a
Warrant as in effect prior to such adjustment; provided that upon request the
Company shall deliver to the Registered Holder a due bill or other appropriate
instrument evidencing the Registered Holder's right to receive such additional
shares or property upon the occurrence of the event requiring such
adjustment.





(d)           When
any adjustment is required to be made in the Purchase Price, the Company shall
promptly mail to the Registered Holder a certificate setting forth the Purchase
Price after such adjustment and setting forth a brief statement of the facts
requiring such adjustment.  Such certificate shall also set forth the
kind and amount of stock or other securities or property for which a Warrant
shall be exercisable following the occurrence of any of the events specified in
subsection 2(a) or 2(b) above.





3.           
 Fractional Shares.





The Company shall not be required upon
the exercise of a Warrant to issue any fractional shares, but shall make an
adjustment therefor in cash on the basis of the mean between the low bid and
high asked prices of the Warrant Stock on the OTC Bulletin Board, or the mean
between the low bid and high asked prices of the Warrant Stock on the
over-the-counter market as reported by the National Association of Securities
Dealers Automated Quotations ("NASDAQ") System or the closing market price of
the Warrant Stock on a national securities exchange on the trading day
immediately prior to the date of exercise, whichever is applicable, or if none
is applicable, then on the basis of the then market value of the Warrant Stock
as shall be reasonably determined by the Board of Directors of the
Company.


3


4.          
  Limitation on Sales.





(a)           The
Registered Holder, and each subsequent holder of this Warrant Certificate, if
any, acknowledges that the Warrants and the Warrant Stock have not been
registered under the Securities Act of 1933, as now in force or hereafter
amended, or any successor legislation (the "Act"), and agrees not to sell,
pledge, distribute, offer for sale, transfer or otherwise dispose of any of the
Warrants or the Warrant Stock issued upon its exercise in the absence of (i) an
effective registration statement under the Act as to a Warrant or such Warrant
Stock and registration or qualification of a Warrant or such Warrant Stock under
any applicable blue sky or state securities law then in effect, or (ii) an
opinion of counsel, satisfactory to the Company, that such registration and
qualification are not required.  Without limiting the generality of
the foregoing, unless the offering and sale of the Warrant Stock to be issued
upon the particular exercise of a Warrant shall have been effectively registered
under the Act, the Company shall be under no obligation to issue the shares or
warrants covered by such exercise unless and until the Registered Holder shall
have executed an investment letter in form and substance satisfactory to the
Company, including a warranty at the time of such exercise that the Registered
Holder is acquiring such shares or warrants for its own account, for investment
and not with a view to, or for sale in connection with, the distribution of any
such shares or warrants, in which event the Registered Holder shall be bound by
the provisions of a legend to such effect on the certificate(s) representing the
Warrant Stock.  In addition, without limiting the generality of the
foregoing, the Company may delay issuance of the Warrant Stock until completion
of any action or obtaining of any consent, which the Company believes necessary
or advisable under any applicable law (including without limitation state
securities or "blue sky" laws).





(b)           The
Registered Holder agrees, and each other holder of Warrant Stock agrees, if
requested by the Company and/or the representative of the underwriters
underwriting an offering of Common Stock (or other securities of the Company)
from time to time, not to sell or otherwise transfer or dispose of any Warrant
Stock then held by the Registered Holder and/or such other holder during such
period of time following the effective date of any registration statement of the
Company filed under the Act for the period of time with respect to which a
majority of the executive officers of the Company agree not to sell shares of
Common Stock (or other securities of the Company).  Such agreement
shall be in writing in a form satisfactory to the Company and such
representative.  The Company may impose stop-transfer instructions
with respect to the Warrant Stock subject to the foregoing restriction until the
end of such period.


4


5.       
     Reservation of Stock.





The Company shall at all times reserve
and keep available, solely for issuance and delivery upon the exercise of a
Warrant, such shares of Warrant Stock and other stock, securities and property,
as from time to time shall be issuable upon the exercise of a
Warrant.





6.          
  Replacement of Warrant Certificates.





Upon receipt of evidence reasonably
satisfactory to the Company of the loss, theft, destruction or mutilation of
this Warrant Certificate and (in the case of loss, theft or destruction) upon
delivery of an indemnity agreement (with surety if reasonably required) in an
amount reasonably satisfactory to the Company, or (in the case of mutilation)
upon surrender and cancellation of this Warrant Certificate, the Company shall
issue, in lieu thereof, a new Warrant Certificate of like tenor.





7.           
 Transfers. etc.





Subject to Section 4
above:





(a)           The
Company shall maintain a register containing the names and addresses of the
Registered Holders of this Warrant Certificate.  The Registered Holder
may change its address as shown on the warrant register by written notice to the
Company requesting such change.





(b)           Except
in accordance with Section 4 hereof, this Warrant Certificate shall not be
assigned, pledged or hypothecated in any way (whether by operation of law or
otherwise). This Warrant Certificate shall not be subject to execution,
attachment or similar process without the prior written consent of the
Company.  Any attempted transfer, assignment, pledge, hypothecation or
other disposition of this Warrant Certificate or of any rights granted hereunder
contrary to the provisions of this Section 7, or the levy of any attachment or
similar process upon this Warrant Certificate or such rights, shall be null and
void.





(c)           Until
any transfer of this Warrant Certificate is made in the warrant register, the
Company may treat the Registered Holder of this Warrant Certificate as the
absolute owner hereof for all purposes; provided, however, that if and when this
Warrant Certificate is properly assigned in blank, the Company may (but shall
not be obligated to) treat the bearer hereof as the absolute owner hereof for
all purposes, notwithstanding any notice to the contrary.





8.       
     Mailing of Notices, etc.





All notices and other communications
from the Company to the Registered Holder of this Warrant shall be mailed by
first-class certified or registered mail, postage prepaid, to the address
furnished to the Company in writing by the last Registered Holder of this
Warrant Certificate who shall have furnished an address to the Company in
writing.  All notices and other communications from the Registered
Holder of this Warrant Certificate or in connection herewith to the Company
shall be mailed by first-class certified or registered mail, postage prepaid, to
the Company at its offices at 3131 Turtle Creek Blvd, Suite 1300, Dallas, Texas
75219, or such other address as the Company shall so notify the Registered
Holder.


5


9.         
   No Rights as Stockholder.





Until the exercise of a Warrant, the
Registered Holder of this Warrant Certificate shall not have or exercise any
rights by virtue hereof as a stockholder of the Company.





10.           Change
or Waiver.





Any term of this Warrant Certificate
may be changed or waived only by an instrument in writing signed by the party
against which enforcement of the change or waiver is sought.





11.           Headings.





The headings in this Warrant
Certificate are for purposes of reference only and shall not limit or otherwise
affect the meaning of any provision of this Warrant Certificate.





12.           Governing
Law.





THIS WARRANT CERTIFICATE WILL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
NEVADA.





IN WITNESS WHEREOF, the undersigned has
set his hand hereunto as of the 1st day of
February, 2008.





WESTSIDE
      ENERGY CORPORATIONBy:Sean
      J. Austin, Vice President


6


EXHIBIT
A





PURCHASE
FORM





Westside
Energy Corporation


3131
Turtle Creek Blvd, Suite 1300


Dallas,
TX  75219





Gentlemen:





The
undersigned pursuant to the provisions set forth in the attached Warrant
Certificate hereby irrevocably elects to purchase _________ shares of the Common
Stock (the "Common Stock") covered by such Warrant Certificate and herewith
makes payment of $_____________, representing the full purchase price for such
shares at the price per share provided for in such Warrant
Certificate.





The
undersigned understands and acknowledges the terms and restrictions on the right
to transfer or dispose of the Common Stock set forth in Section 4 of the
attached Warrant Certificate, which the undersigned has carefully
reviewed.  The undersigned consents to the placing of a legend on the
undersigned’s certificate for the Common Stock referring to such restrictions
and the placing of stop transfer orders until the Common Stock may be
transferred in accordance with the terms of such restrictions.











By:Name:Title:Dated: