----

----

| x | Quarterly                report pursuant to Section 13 or 15(d) of the Securities Exchange                Act of                1934 For the quarterly period ended: September 30,                2007 |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o | Transition                report pursuant to Section 13 or 15(d) of the Securities Exchange                Act of                1934 For the transition period from _______ to                _________ |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Nevada                                                                        |   | 88-0349241                                          |
|-------------------------------------------------------------------------------|--------|-----------------------------------------------------|
| (State                or other jurisdiction of incorporation or organization) |   | (I.R.S.                Employer Identification No.) |

| 3131                Turtle Creek Blvd, Ste 1300, Dallas, TX |   | 75219                     |
|-------------------------------------------------------------|--------|---------------------------|
| (Address                of principal executive offices)     |   | (Zip                Code) |

----

----

----

INDEX

| PART                I.  FINANCIAL INFORMATION    | Page                                                                            |
|------------------------------------------------------------|---------------------------------------------------------------------------------|
|                                                       |                                                                            |   |   |
|                                                       | ITEM                1.                                                          | FINANCIAL                STATEMENTS |  1 |
|                                                       |                                                                            |   |   |
|                                                       | Financial                statements of Westside Energy Corporation (unaudited): |   |
|                                                       |                                                                            |   |   |
|                                                       |                                                                            | Consolidated                balance sheets as of September 30, 2007 and** **December                31,                2006 |  1 |
|                                                       |                                                                            |   |   |
|                                                       |                                                                            | Consolidated                statements of operations for the three months and nine months ended                September 30, 2007 and 2006 |  2 |
|                                                       |                                                                            |   |   |
|                                                       |                                                                            | Consolidated                statements of cash flows for the nine months ended September 30,                2007 and                2006 |  3 |
|                                                       |                                                                            |   |   |
|                                                       |                                                                            | Notes                to                consolidated financial statements |  4 |
|                                                       |                                                                            |   |   |
|                                                       | ITEM                2.                                                          | MANAGEMENT’S                DISCUSSION AND ANALYSIS | 9 |
|                                                       |                                                                            |   |   |
|                                                       | ITEM                3.                                                          | CONTROLS                AND                PROCEDURES |  16 |
|                                                       |                                                                            |   |   |
| PART                II.   OTHER INFORMATION |                                                                            |
|                                                       |                                                                            |   |   |
|                                                       | ITEM                1.                                                          | LEGAL                PROCEEDINGS |  16 |
|                                                       |                                                                            |   |   |
|                                                       | ITEM                2.                                                          | UNREGISTERED                SALES OF EQUITY SECURITIES AND USE OF PROCEEDS |  17 |
|                                                       |                                                                            |   |   |
|                                                       | ITEM                4.                                                          | SUBMISSION                OF MATTERS TO A VOTE OF SECURITY                HOLDERS |  17 |
|                                                       |                                                                            |   |   |
|                                                       | ITEM                6.                                                          | EXHIBITS |  17 |
|                                                       |                                                                            |   |   |
| SIGNATURES                                                 |  17                                                                        |

----

*Index*

**PART      I.   FINANCIAL INFORMATION**

**ITEM      1.   FINANCIAL      STATEMENTS**

**Westside      Energy Corporation**

|                                                                                                                                                                    |   | **September                  30, 2007** |          |   | **December                  31, 2006** |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------|---------------|--------|----------------------------------------|--------|
| ASSETS                                                                                                                                                                  |   |                                    |          |   |                                   |   |
| Current                  assets                                                                                                                                         |   |                                    |          |   |                                   |   |
| Cash                                                                                                                                                                    |   | $                                       | 4,039,911     |   |                                   | $      | 5,003,803 |   |
| Certificates                  of deposit and escrow account                                                                                                             |   |                                    | 27,887        |   |                                   |   | 27,887 |   |
| Marketable                  securities                                                                                                                                  |   |                                    | -             |   |                                   |   | 425,000 |   |
| Accounts                  receivable net of allowance for doubtful accounts of $252,000 and                  $202,000                                                   |   |                                    | 4,535,412     |   |                                   |   | 5,189,504 |   |
| Derivative                  asset                                                                                                                                       |   |                                    | 6,833         |   |                                   |   | 169,885 |   |
| Prepaid                  assets                                                                                                                                         |   |                                    | 22,785        |   |                                   |   | 122,914 |   |
| Total                  current assets                                                                                                                                   |   |                                    | 8,632,828     |   |                                   |   | 10,938,993 |   |
|                                                                                                                                                                    |   |                                    |          |   |                                   |   |   |   |
| Oil                  and gas properties, using successful efforts accounting                                                                                            |   |                                    |          |   |                                   |   |   |   |
| Proved                  properties                                                                                                                                      |   |                                    | 33,379,181    |   |                                   |   | 23,681,084 |   |
| Unproved                  properties                                                                                                                                    |   |                                    | 13,541,869    |   |                                   |   | 10,319,150 |   |
| Accumulated                  depreciation depletion and amortization                                                                                                    |   |                                    | (9,019,866    | )      |                                   |   | (10,851,176 | ) |
| Net                  oil and gas properties                                                                                                                             |   |                                    | 37,901,184    |   |                                   |   | 23,149,058 |   |
|                                                                                                                                                                    |   |                                    |          |   |                                   |   |   |   |
| Deferred                  financing costs net of accumulated amortization of $78,144 and                  $66,593                                                       |   |                                    | 250,069       |   |                                   |   | 265,907 |   |
| Property                  and equipment, net of accumulated depreciation of $129,026 and                  $92,656                                                       |   |                                    | 113,952       |   |                                   |   | 150,322 |   |
|                                                                                                                                                                    |   |                                    |          |   |                                   |   |   |   |
| TOTAL                  ASSETS                                                                                                                                           |   | $                                       | 46,898,033    |   |                                   | $      | 34,504,280 |   |
|                                                                                                                                                                    |   |                                    |          |   |                                   |   |   |   |
| LIABILITIES                  AND STOCKHOLDERS' EQUITY                                                                                                                   |   |                                    |          |   |                                   |   |   |   |
| Current                  liabilities                                                                                                                                    |   |                                    |          |   |                                   |   |   |   |
| Accounts                  payable and accrued expenses                                                                                                                  |   | $                                       | 6,821,783     |   |                                   | $      | 7,171,069 |   |
| Derivative                  liability                                                                                                                                   |   |                                    | 20,564        |   |                                   |   | - |   |
| Short                  term portion of debt                                                                                                                             |   |                                    | -             |   |                                   |   | 3,997,500 |   |
| Total                  current liabilities                                                                                                                              |   |                                    | 6,842,347     |   |                                   |   | 11,168,569 |   |
|                                                                                                                                                                    |   |                                    |          |   |                                   |   |   |   |
| Non-current                  liabilities                                                                                                                                |   |                                    |          |   |                                   |   |   |   |
| Asset                  retirement obligation                                                                                                                            |   |                                    | 158,920       |   |                                   |   | 153,487 |   |
| Long                  term portion of debt, net of unamortized discount of $207,134 and                  $404,325                                                       |   |                                    | 27,425,366    |   |                                   |   | 7,609,057 |   |
|                                                                                                                                                                    |   |                                    |          |   |                                   |   |   |   |
| TOTAL                  LIABILITIES                                                                                                                                      |   |                                    | 34,426,633    |   |                                   |   | 18,931,113 |   |
|                                                                                                                                                                    |   |                                    |          |   |                                   |   |   |   |
| STOCKHOLDERS'                  EQUITY                                                                                                                                   |   |                                    |          |   |                                   |   |   |   |
| Preferred                  stock, $0.01 par value, 10,000,000 shares authorized, 0 shares                  issued and                  outstanding                      |   |                                    |  -       |   |                                   |   | - |   |
| Common                  stock, $0.01 par value, 50,000,000 shares authorized, 22,490,526                  and                  21,461,909 shares issued and outstanding |   |                                    | 224,906  |   |                                   |   | 214,619  |   |
| Additional                  paid-in capital                                                                                                                             |   |                                    | 37,858,371    |   |                                   |   | 34,501,241 |   |
| Accumulated                  other comprehensive income - unrealized gain (loss) on derivative                  instruments                                             |   |                                    | (13,731       | )      |                                   |   | 169,885 |   |
| Accumulated                  deficit                                                                                                                                    |   |                                    | (25,598,146   | )      |                                   |   | (19,312,578 | ) |
| Total                  stockholders' equity                                                                                                                             |   |                                    | 12,471,400    |   |                                   |   | 15,573,167 |   |
|                                                                                                                                                                    |   |                                    |          |   |                                   |   |   |   |
| TOTAL                  LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                             |   | $                                       | 46,898,033    |   |                                   | $      | 34,504,280 |   |

----

*Index*

**Westside        Energy Corporation**

|                                                              |   | **Three                  Months Ended September 30,** |       |   | **Nine                  Months Ended September 30,** |   |
|-------------------------------------------------------------------|--------|------------------------------------------------------------|------------|--------|-----------------------------------------------------------|--------|
|                                                              |   | **2007**                                                   |       |   | **2006**                                                  |   |   | **2007** |   |   | **2006** |   |
| **Revenues**                                                      |   |                                                       |       |   |                                                      |   |   |   |   |   |   |   |
| Oil                  and gas sales                                |   | $                                                          | 1,645,412  |   |                                                      | $      | 1,752,816 |   |   | $ | 3,944,088 |   |   | $ | 2,806,066 |   |
|                                                              |   |                                                       |       |   |                                                      |   |   |   |   |   |   |   |   |   |   |   |
| **Expenses**                                                      |   |                                                       |       |   |                                                      |   |   |   |   |   |   |   |   |   |   |   |
| Production                                                        |   |                                                       | 433,519    |   |                                                      |   | 537,260 |   |   |   | 1,646,715 |   |   |   | 1,060,669 |   |
| Exploration                                                       |   |                                                       | 473,058    |   |                                                      |   | - |   |   |   | 653,183 |   |   |   | - |   |
| General                  and administrative                       |   |                                                       | 852,612    |   |                                                      |   | 1,654,651 |   |   |   | 2,811,157 |   |   |   | 4,906,858 |   |
| Depreciation                  depletion and amortization          |   |                                                       | 1,136,823  |   |                                                      |   | 662,738 |   |   |   | 3,083,492 |   |   |   | 1,635,169 |   |
|                                                              |   |                                                       |       |   |                                                      |   |   |   |   |   |   |   |   |   |   |   |
| Total                  Expenses                                   |   |                                                       | 2,896,012  |   |                                                      |   | 2,854,649 |   |   |   | 8,194,547 |   |   |   | 7,602,696 |   |
|                                                              |   |                                                       |       |   |                                                      |   |   |   |   |   |   |   |   |   |   |   |
| **Loss                  from operations**                         |   |                                                       | (1,250,600 | )      |                                                      |   | (1,101,833 | ) |   |   | (4,250,459 | ) |   |   | (4,796,630 | ) |
|                                                              |   |                                                       |       |   |                                                      |   |   |   |   |   |   |   |   |   |   |   |
| **Other                  Income (Expense)**                       |   |                                                       |       |   |                                                      |   |   |   |   |   |   |   |   |   |   |   |
| Interest                  income                                  |   |                                                       | 97,581     |   |                                                      |   | 42,414 |   |   |   | 282,126 |   |   |   | 178,723 |   |
| Interest                  expense                                 |   |                                                       | (637,815   | )      |                                                      |   | (254,981 | ) |   |   | (2,317,236 | ) |   |   | (483,624 | ) |
|                                                              |   |                                                       |       |   |                                                      |   |   |   |   |   |   |   |   |   |   |   |
| Total                  Other Income (Expense)                     |   |                                                       | (540,234   | )      |                                                      |   | (212,567 | ) |   |   | (2,035,110 | ) |   |   | (304,901 | ) |
|                                                              |   |                                                       |       |   |                                                      |   |   |   |   |   |   |   |   |   |   |   |
| NET                  LOSS                                         |   | $                                                          | (1,790,834 | )      |                                                      | $      | (1,314,400 | ) |   | $ | (6,285,569 | ) |   | $ | (5,101,531 | ) |
|                                                              |   |                                                       |       |   |                                                      |   |   |   |   |   |   |   |   |   |   |   |
| Other                  Comprehensive Income:                      |   |                                                       |       |   |                                                      |   |   |   |   |   |   |   |   |   |   |   |
| Unrealized                  gain (loss) on derivative instruments |   |                                                       | 43,441     |   |                                                      |   | 222,965 |   |   |   | 183,616 |   |   |   | 167,253 |   |
| Total                  Comprehensive Loss                         |   | $                                                          | (1,747,393 | )      |                                                      | $      | (1,091,435 | ) |   | $ | (6,101,953 | ) |   | $ | (4,934,278 | ) |
|                                                              |   |                                                       |       |   |                                                      |   |   |   |   |   |   |   |   |   |   |   |
| Basic                  and diluted loss per common share          |   | $                                                          | (0.08      | )      |                                                      | $      | (0.06 | ) |   | $ | (0.29 | ) |   | $ | (0.24 | ) |
| Weighted                  average common shares outstanding       |   |                                                       | 21,563,574 |   |                                                      |   | 21,233,957 |   |   |   | 21,522,570 |   |   |   | 20,899,406 |   |

----

*Index*

**W**
**est**
**side        Energy        Corporation**

|                                                                                                        |   | **Nine                  months ended September 30,** |        |
|-------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------|-------------|
|                                                                                                        |   | **2007**                                             |        |   | **2006** |   |
|                                                                                                        |   |                                                 |        |   |   |   |
| Net                  loss                                                                                   |   | $                                                    | (6,285,569  | ) |   | $ | (5,101,531 | ) |
| Adjustments                  to reconcile net loss to cash flow from operating                  activities: |   |                                                 |        |   |   |   |   |   |
| Stock                  based compensation                                                                   |   |                                                 | 213,478     |   |   |   | 651,474 |   |
| Amortization                  of discount on note payable                                                   |   |                                                 | 64,727      |   |   |   | 25,576 |   |
| Depreciation,                  depletion and amortization                                                   |   |                                                 | 2,952,849   |   |   |   | 1,635,169 |   |
| Accretion                  of asset retirement obligation                                                   |   |                                                 | 5,374       |   |   |   | - |   |
| Amortization                  of deferred financing cost                                                    |   |                                                 | 748,376     |   |   |   | 16,610 |   |
| Changes                  in:                                                                                |   |                                                 | -           |   |   |   |   |   |
|   Accounts                  receivable                                                            |   |                                                 | 654,192     |   |   |   | 4,903,617 |   |
|   Prepaid                  assets                                                                 |   |                                                 | 100,129     |   |   |   | (496,440 | ) |
|   Accounts                  payable and accrued expenses                                          |   |                                                 | (343,203    | ) |   |   | (7,744,955 | ) |
| NET                  CASH USED IN OPERATING ACTIVITIES                                                      |   |                                                 | (1,889,647  | ) |   |   | (6,110,480 | ) |
|                                                                                                        |   |                                                 |        |   |   |   |   |   |
| CASH                  FLOWS FROM INVESTING ACTIVITIES                                                       |   |                                                 |        |   |   |   |   |   |
| Cash                  acquired on acquistion of EBS                                                         |   |                                                 | -           |   |   |   | 955,774 |   |
| Advances                  to EBS                                                                            |   |                                                 | -           |   |   |   | (3,644,754 | ) |
| Proceeds                  from sale of marketable securities                                                |   |                                                 | 425,000     |   |   |   | 575,000 |   |
| Purchase                  of office equipment                                                               |   |                                                 | -           |   |   |   | (151,087 | ) |
| Capital                  expenditures for oil and gas properties                                            |   |                                                 | (14,842,651 | ) |   |   | (10,840,865 | ) |
| NET                  CASH USED IN INVESTING ACTIVITIES                                                      |   |                                                 | (14,417,651 | ) |   |   | (13,105,932 | ) |
|                                                                                                        |   |                                                 |        |   |   |   |   |   |
| CASH                  FLOWS FROM FINANCING ACTIVITIES                                                       |   |                                                 |        |   |   |   |   |   |
| Proceeds                  from sale of common stock, net                                                    |   |                                                 | 50,000      |   |   |   | 11,040,207 |   |
| Proceeds                  from loan - related party                                                         |   |                                                 | 25,000,000  |   |   |   | 14,887,500 |   |
| Proceeds                  from loan - unrelated party                                                       |   |                                                 | 2,632,500   |   |   |   | - |   |
| Deferred                  financing cost                                                                    |   |                                                 | (328,213    | ) |   |   | - |   |
| Payments                  on note                                                                           |   |                                                 | (12,010,881 | ) |   |   | (405,757 | ) |
| NET                  CASH PROVIDED BY FINANCING ACTIVITIES                                                  |   |                                                 | 15,343,406  |   |   |   | 25,521,950 |   |
|                                                                                                        |   |                                                 |        |   |   |   |   |   |
| NET                  CHANGE IN CASH                                                                         |   |                                                 | (963,892    | ) |   |   | 6,305,538 |   |
|                                                                                                        |   |                                                 |        |   |   |   |   |   |
| CASH                  BALANCES                                                                              |   |                                                 |        |   |   |   |   |   |
| Beginning                  of period                                                                        |   |                                                 | 5,003,803   |   |   |   | 604,411 |   |
| End                  of period                                                                              |   | $                                                    | 4,039,911   |   |   | $ | 6,909,949 |   |
|                                                                                                        |   |                                                 |        |   |   |   |   |   |
|                                                                                                        |   |                                                 |        |   |   |   |   |   |
| SUPPLEMENTAL                  CASH FLOW DISCLOSURES                                                         |   |                                                 |        |   |   |   |   |   |
| Interest                  paid                                                                              |   | $                                                    | 404,325     |   |   | $ | 183,129 |   |
| Income                  taxes paid                                                                          |   |                                                 | -           |   |   |   | - |   |
|                                                                                                        |   |                                                 |        |   |   |   |   |   |
| NON                  CASH DISCLOSURES                                                                       |   |                                                 |        |   |   |   |   |   |
| Discount                  on note payable                                                                   |   | $                                                    | 271,861     |   |   | $ | 182,000 |   |
| Change                  in derivative liability                                                             |   |                                                 | 183,616     |   |   |   | 222,965 |   |
| Deferred                  stock compensation                                                                |   |                                                 | 213,478     |   |   |   | 705,073 |   |
| Common                  Stock Issued to Gulftex for Oil & Gas Properties                                |   |                                                 | 3,010,000   |   |   |   | - |   |
| Stock                  issued for debt                                                                      |   |                                                 | -           |   |   |   | 20,000 |   |

----

*Index*

**WESTSIDE      ENERGY CORPORATION**

----

*Index*

| Production                Period |   | Type                of Instrument   |   | Total                Volume  |   | Average                Fixed Price |   |   | Fair                Value |   |
|----------------------------------|--------|-------------------------------------|--------|------------------------------|--------|------------------------------------|--------|--------|---------------------------|--------|
| 2007                             |   | Oil                Fixed Price Swap |   | 2,000                bbls    |   | $                                  | 55.50  |   |                      | $      | (48,294 | ) |
| 2008                             |   | Oil                Fixed Price Swap |   | 2,000                bbls.   |   | $                                  | 66.15  |   |                      | $      | (24,580 | ) |
| 2008                             |   | Gas                Fixed Price Swap |   | 200,000                MMBtu |   | $                                  | 7.60   |   |                      | $      | 59,143 |   |

----

*Index*

| December                31, 2006 Balance  |   | $      | 153,487 |   |
|-------------------------------------------|--------|--------|---------|--------|
| Revision                of Estimate       |   |   | (87,756 | )      |
| Liabilities                Incurred       |   |   | 87,815  |   |
| Accretion                Expense          |   |   | 5,374   |   |
| September                30, 2007 Balance |   | $      | 158,920 |   |

|   | · | provided                $25 million in funds, which were advanced in their entirety upon                completion of the Senior Secured Loan;                                                                |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | · | is                secured by a first lien on all of the oil and gas properties comprising                Westside’s Southeast and Southwest Programs (as defined in the loan                agreement); |

|   | · | grants                to the lenders the right to receive a lien in any and all of the                proceeds                received upon the sale of a property comprising Westside’s North Program                (as defined in the loan agreement) or any subsequent property acquired                with such proceeds; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

*Index*

|   | · | bears                annual interest at 10.0% (or, in the case of default, 12.0%)                annually; |
|--------|--------|------------------------------------------------------------------------------------------------------------|

|   | · | grants                to the lenders a three percent (3.0%) overriding royalty interest                (proportionately reduced to Westside’s working interest) in all oil and                gas produced from the properties then comprising Westside’s Southeast and                Southwest Programs; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | · | contains                limiting operating covenants;                                                                                                                                                                                                                                                                  |

|   | · | contains                events of default arising from failure to timely repay principal                and                interest or comply with certain covenants; and |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | · | requires                the repayment of the outstanding balance of the loan in March                2009.                                                                |

|   | · | Warrants                to purchase 100,000 shares were exercised for aggregate proceeds                to                Westside of $50,000.                                                                                                                                                                                                                                                                                                                                                               |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | · | 88,950                shares of common stock were awarded for current and future services                to be                earned evenly over the next three years.  Of these shares, 7,950                were awarded to directors, 51,000 were awarded to employees, and                30,000                were awarded to a consultant.  Westside recognized $213,477 in                expense for the amortization of shares awarded for future                compensation. |

|   | · | The                termination of the engagement of a contractor who had previously                been                issued shares resulted in the cancellation of 13,333 shares previously                issued for future services.                                                                                                                                                                                                                                 |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | · | 904,000                shares of common stock were issued on October 2, 2007, to Sellers                as the                Stock Consideration component, totaling $3,010,000 in market value,                of the                purchase price for assets that Westside purchased pursuant to the                Purchase                and Sale Agreement among Westside and Sellers dated September 25,                2007                (See Note 5 above). |

----

*Index*

|                          |   | **As****Reported** |       |   | **Pro-****Forma** |   |
|-------------------------------|--------|--------------------|------------|--------|-------------------|--------|
|                          |   |               |       |   |              |   |
| Revenues                      |   | $                  | 2,806,066  |   |              | $      | 3,474,848 |   |
|                          |   |               |       |   |              |   |   |   |
| Net                Loss       |   | $                  | (5,101,531 | )      |              | $      | (5,620,632 | ) |
|                          |   |               |       |   |              |   |   |   |
| Loss                Per Share |   | $                  | (0.24      | )      |              | $      | (0.25 | ) |

*Private      Placement.*

----

*Index*

**ITEM      2.   MANAGEMENT’S DISCUSSION AND      ANALYSIS**

**General**

|   | · | We                  completed our fourth well in Hill County, the Ellison Estate #2H,                  in which                  we own a 46.95% working interest.  This well was successfully                  completed and tested at a gross initial rate of 2.5                  MMCF/D. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | We                  successfully drilled and completed the Ellison Estate #3H, our                  fifth Hill                  County well, in which we own a 46.95% working interest.  This                  well was successfully completed and tested at a gross initial rate                  of 1.5                  MMCF/D. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | We                  are currently drilling the Ellison Estate #4H well, in which we                  own a                  46.95% working interest. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Activity                  related to farmout arrangements include: |
|--------|--------|--------------------------------------------------------------------|
|   |   | ·                                                   | The                  Patricia Barnett #1 well, in which we own a carried working interest                  of                  10% of that of the carrying party is currently being                  drilled. |
|   |   | ·                                                   | The                  Elam #2 well, in which we own a 10% working interest, is currently                  being                  completed. |
|   |   | ·                                                   | The                  Seay #1H well, in which we own a 2% working interest, is a horizontal                  completion and commenced production in August 2007. |
|   |   | ·                                                   | The                  Gray #1H well, in which we own a 2% working interest, is a horizontal                  completion and commenced production in June 2007. |
|   |   | ·                                                   | The                  Hawk Littell #1 well, in which we own a 42.67% working interest,                  was                  recompleted to the Marble Falls formation and began production                  in August                  2007. |

|   | · | Activity                  related to Devon Energy Corporation operated interests acquired                  in                  September 2007 from Gulftex Operating, Inc. and TD Energy Services,                  Inc.,                  in which we own a 43.75% working interest, include: |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   | ·                                                                                                                                                                                                                                                                               | The                  Alfred Kennon #3H well achieved first natural gas sales on October                  16,                  2007. |
|   |   | ·                                                                                                                                                                                                                                                                               | The                  Alfred Kennon #4H well achieved first natural gas sales on November                  5,                  2007. |
|   |   | ·                                                                                                                                                                                                                                                                               | The                  Alfred Kennon #5H well achieved first natural gas sales on October                  22,                  2007. |
|   |   | ·                                                                                                                                                                                                                                                                               | Drilling                  of the Alfred Kennon #6H well has been completed, and the well                  is awaiting                  fracture stimulation. |
|   |   | ·                                                                                                                                                                                                                                                                               | Drilling                  of the Alfred Kennon #7H well has been completed, and the well                  is awaiting                  fracture stimulation. |

----

*Index*

|   | · | On                October 3, 2007, first gas sales were achieved from the Schmidt #3H                well,                in which we own a 24% working interest.  This well tested at a                gross initial rate of 2.6 MMCF/D. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                |
|   | · | On                September 20, 2007, first gas sales were achieved by the Martin #1H                well,                in which we own a 2.5% working                interest.                                                                   |

|   | · | On                September 20, 2007, Westside entered into an unsecured Revolving                Note with                Knight Energy Group II (“Knight”) with a maturity date of September 1,                2008 (the “Knight Note”).  Under the terms of the Knight Note,                Westside may borrow up to $8 million at a floating interest rate                equal to                the thirty day London Interbank Offer Rate (“LIBOR”) plus five percent per                annum.  Interest is due and payable monthly, in arrears, on the                first day of each month beginning October 1,                2007. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | On                November 12, 2007, Westside and Knight executed a Note Modification                Agreement extending the maturity of the Knight Note from September                1,                2008, to March 31, 2009.  No other terms of the Knight Note were                changed by the Note Modification Agreement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   | · | We                consummated a Purchase and Sale Agreement with Gulftex Operating,                Inc. and                TD Energy Services, Inc. (“Sellers”) whereby we purchased various working                interests in five producing wells and leasehold covering an aggregate                of                1,400 gross acres in Denton, Johnson, and Tarrant Counties, Texas,                on  for $5,010,000, comprising cash of $2 million and 904,000 common                shares.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   | · | In                connection with the transaction with Gulftex Operating, Inc. and                TD Energy                Services, Inc., discussed above, and in conjunction with obtaining                the                Knight Note to partially fund the transaction, Westside and the lenders                under the Senior Secured Loan entered into an amendment to the Senior                Secured Loan, effective September 20, 2007.  The amendment                permitted the Knight Note, but required that any amounts borrowed                pursuant                to the Knight Note be used only for (1) the acquisition of oil and                gas                properties from GulfTex Operating Inc. and TD Energy Services, (2)                the                development of existing oil and gas properties, and (3) the payment                of                interest becoming owed on either the Senior Secured Loan or the Knight                Note. |

|   | · | During                November 2007, we completed the private placement of an aggregate                of                2,456,140 shares of our common stock, $.01 par value, at a price                of $2.85                per share. The cash offering resulted in approximately $7.0 million                in                gross proceeds.  We incurred various miscellaneous costs                believed to be immaterial in connection with the consummation of                this                placement.  The shares were issued to a total of three investors                that included (a) two private investment funds managed by Wellington                Management, LLC (“Wellington”), and (b) Knight Energy Group II, LLC                ("Knight").  Wellington has in the past been the largest                beneficial holder of our outstanding common stock, and (by the acquisition                by the two funds managed by Wellington of shares pursuant to the                Purchase                Agreement) Wellington has once again become the largest beneficial                holder                of our outstanding common stock. Moreover, Knight recently provided                an                unsecured revolving credit facility in an aggregate amount of up                to $8                million. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

*Index*

**Results      of Operations**

*Quarter      Ended September 30, 2007 Compared to the Quarter Ended September 30,      2006*

*Revenues.*
*** ***

*Expenses.*
*** ***

|   | · | *Production                Expense.  *The decrease in production expense to $433,519                for the three months ended September 30, 2007 from $537,260 for the                three                months ended September 30, 2006 is a function of decreased well                maintenance costs and decreased severance taxes partially offset by                expenses related to increased production operations activities associated                with an increase in the number of producing                wells. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | *Exploration                Expense.*  The increase in exploration expense to $473,058                for the three months ended September 30, 2007 from $0 for the three                months                ended September 30, 2006 reflects the purchase of additional                three-dimensional seismic data covering leaseholds in Hill and Ellis                Counties and the right to shoot seismic in Mills County, all of which                was                expensed immediately under successful efforts                accounting. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | *General                and Administrative Expense.  *The decrease in general and                administrative expense to $852,612 for the three months ended September                30, 2007 from $1,654,651 for the three months ended September 30,                2006                primarily reflects reduced stock compensation, contract labor, and                other                overhead expenses. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | *Depreciation,                depletion and amortization expense.*  The increase in                depreciation, depletion and amortization expense to $1,136,823 for                the                three months ended September 30, 2007 from $662,738 for the three                months                ended September 30, 2006 reflects the substantial increase in volumes                of                natural gas produced and the effect of increased capital investment                in oil                and gas properties depreciated on a units of production                basis. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

*Index*

*Operating      Loss.*
*** ***

*Other      Income (Expense).  *
** **

*Net      Loss.  *

*Nine      Months Ended September 30, 2007 Compared to the Nine Months Ended September      30,      2006*

** **

*Revenues.*
*** ***

*Expenses.*
*** ***

|   | · | *Production                Expense.  *The increase in production expense to $1,646,715                for the nine months ended September 30, 2007 from $1,060,669 for                the nine                months ended September 30, 2006 is a function of increased production                operations activities associated with an increase in producing wells                and                the resulting substantial increase in sales volumes which also resulted                in                higher oil and natural gas severance and production                taxes. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | *Exploration                Expense.*  The increase in exploration expense to $653,183                for the nine months ended September 30, 2007 (2006 - $0) reflects                the                purchase of additional three-dimensional seismic data covering leaseholds                in Hill and Ellis Counties, which was expensed immediately under                successful efforts accounting. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | *General                and Administrative Expense.  *The decrease in general and                administrative expense to $2,811,157 for the nine months ended September                30, 2007 from $4,906,858 for the nine months ended September 30,                2006                primarily reflects reduced stock compensation, contract labor, and                other                overhead expenses. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | *Depreciation,                depletion, and amortization expense.*  The increase in                depreciation, depletion and amortization expense to $3,083,492 for                the                nine months ended September 30, 2007 from $1,635,169 for the nine                months                ended September 30, 2006 reflects the substantial increase in volumes                of                oil and natural gas produced and the effect of increased capital                investment in oil and gas properties depreciated on a units of production                basis. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

*Operating      Loss.*
*** ***

----

*Index*

*Other      Income (Expense).  *
** **

*Net      Loss.  *

**Liquidity      and Capital Resources**

*Cash, Cash      Equivalents, and Marketable Securities*

*Hedging*

*Private      Placement.*

*Senior      Secured Financing*

|   | · | provided                $25 million in funds, which were advanced in their entirety upon                completion of the new loan arrangement;                                                  |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | · | is                secured by a first lien on all of the oil and gas properties comprising                our Southeast and Southwest Programs (as defined in the loan                agreement); |

|   | · | grants                to Senior Secured Lenders the right to receive a lien in any and                all of                the proceeds received upon the sale of a property comprising our                North                Program (as defined in the loan agreement) or any subsequent property                acquired with such proceeds; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | · | bears                annual interest at 10.0% (or in the case of default, 12.0%)                annually;                                                                                                                                                                                                                                          |

|   | · | grants                to the lenders a three percent (3.0%) overriding royalty interest                (proportionately reduced to our working interest) in all oil and                gas                produced from the properties then comprising our Southeast and Southwest                Programs (please see Note 8 to Consolidated Financial                Statements); |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | · | contains                limiting operating covenants;                                                                                                                                                                                                                                                                                                                               |

|   | · | contains                events of default arising from failure to timely repay principal                and                interest or comply with certain covenants; and |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | · | requires                the repayment of the outstanding balance of the loan in March                2009.                                                                |

*Unsecured      Revolving      Note.  *

----

*Index*

**Critical      Accounting Policies and Estimates**

***Key      Definitions - Proved Oil and Natural Gas Reserves***

***Estimation      of Reserves***

----

*Index*

***Revenue      Recognition***

***Successful      Efforts Accounting***

***Impairment      of Properties***

***Trade      Accounts Receivable***

***Stock-Based      Compensation***

**Forward-Looking      Statements**

----

*Index*

**ITEM3. CONTROLS      AND PROCEDURES**

**PART      II. OTHER INFORMATION**

**ITEM1. LEGAL      PROCEEDINGS**

----

*Index*

**ITEM      2.  UNREGISTERED SALES OF EQUITY SECURITIES AND      USE OF PROCEEDS.**

**ITEM      4.    SUBMISSION OF MATTERS TO A VOTE OF      SECURITY HOLDERS.**

| **Name                of**           | **Votes**  | **Votes**    |
|--------------------------------------|------------|--------------|
| **Elected                Director**  | **"For"**  | **Withheld** |
| Craig                S. Glick        | 12,091,026 | 1,042,592    |
| Douglas                G. Manner     | 12,576,088 | 557,530      |
| John                T. Raymond       | 13,097,029 | 36,589       |
| Keith                D. Spickelmier  | 12,613,668 | 577,450      |
| Herbert                C. Williamson | 13,134,434 | 36,684       |

|      | **Percentage                of** |        | **Percentage                of**               |        |
|-----------|----------------------------------|-------------|------------------------------------------------|-------------|
| **For**   | **Votes                "For"**   | **Against** | **Votes                “Against”** | **Abstain** |
| 5,874,290 | 83.92%                           | 1,125,739   | 16.08%                                         | 6,168,149   |

|       | **Percentage                of** |        | **Percentage                of**               |        |
|------------|----------------------------------|-------------|------------------------------------------------|-------------|
| **For**    | **Votes                "For"**   | **Against** | **Votes                “Against”** | **Abstain** |
| 13,143,471 | 99.98%                           | 2,607       | 0.02%                                          | 25,040      |

**ITEM      6.  EXHIBITS**

| ExhibitNumber    |  Description |
|---------------------------------|-------------------|
|                            |              |
| 1                               | 23.01             | Consent                of LaRoche Petroleum Consultants, Ltd. |
| 2                               | 31.01             | Certification                pursuant to Rule 13a-14(a) of the Securities Exchange Act of                1934. |
| 3                               | 31.02             | Certification                pursuant to Rule 13a-14(a) of the Securities Exchange Act of                1934. |
| 4                               | 32.01             | Certification                Pursuant to 18 U.S.C. Section 1350, as pursuant to Section 906 of                the                Sarbanes-Oxley Act of 2002. |
| 5                               | 32.02             | Certification                Pursuant to 18 U.S.C. Section 1350, as pursuant to Section 906 of                the                Sarbanes-Oxley Act of 2002. |

**SIGNATURES**

|                           | WESTSIDE                ENERGY CORPORATION |
|--------------------------------|--------------------------------------------|
|                           | (Small                Business Issuer)     |
|                           |                                       |   |
|                           |                                       |   |
|                           | By:                                        | /s/Douglas                G. Manner |   |
|                           |                                       | Douglas                G. Manner, |
|                           |                                       | Chief                Executive Officer |
|                           |                                       | (Principal                Executive Officer) |
|                           |                                       |   |
|                           |                                       |   |
|                           | By:                                        | /s/                Sean J. Austin |   |
|                           |                                       | Sean                J. Austin, |
|                           |                                       | Vice                President and Chief Financial Officer |
|                           |                                       | (Principal                Financial Officer and Principal Accounting Officer) |
| November              14, 2007 |                                       |   |

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