Document:

June 10, 2004

Board of Directors
Westside Energy Corporation
2100 West Loop South, Suite 924
Houston, TX  77027

Attention:    Mr. Jimmy D. Wright
              Chief Executive Officer

         Re:      Engagement of Sterne,  Agee & Leach,  Inc. as Exclusive
                  Placement Agent of up to $10,000,000 of Common Stock

Dear Sir:

1.       Engagement of Placement Agent. Westside Energy Corporation, a Nevada
         corporation (the "Company"), proposes to make a private placement (the
         "Offering") of up to $10,000,000 of its common stock, par value $.01
         per share (collectively, the "Securities"), pursuant to the exemptions
         from registration provided in the Securities Act of 1933, as amended
         (the "1933 Act"), applicable state securities laws, and the rules and
         regulations promulgated thereunder (the "Exemption"). By entering into
         this Agreement, the Company agrees to engage Sterne, Agee & Leach, Inc.
         ("Sterne Agee") as its exclusive "Placement Agent" in connection with
         the Offering through September 30, 2004, at which time this Agreement
         shall terminate in accordance with Section 10 hereof, unless this
         Agreement shall be extended by the mutual agreement of the Company and
         Sterne Agee as provided therein. By entering into this Agreement,
         Sterne Agee accepts such engagement and agrees to use Sterne Agee's
         best efforts to place up to $10,000,000 of the Securities solely with
         "accredited investors", as such term is defined in Rule 501 of
         Regulation D promulgated under the 1933 Act. The offering price per
         Security shall be such price as is mutually agreeable to the Company
         and Sterne Agee. The Company shall prepare any and all offering
         documents necessary for the Offering to comply with all provisions of
         the 1933 Act, the Securities Exchange Act of 1934, as amended (the
         "1934 Act"), the rules and regulations of the Securities and Exchange
         Commission (the "SEC") promulgated under each of the 1933 Act and the
         1934 Act, and any applicable state securities laws (the "Offering
         Documents"). Sterne Agee shall (i) deliver to each prospective investor
         that executes and delivers a confidentiality agreement in favor of the
         Company in connection with the Offering, a current copy of the Offering
         Documents, (ii) maintain and furnish to the Company a list of all
         prospective investors contacted by Sterne Agee with regard to the
         Offering, including, if requested by the Company, the addresses of such
         prospective investors and the name and telephone number of a contact
         person with respect thereto, and (iii) present to the Company all
         written offers for the purchase of Securities received by Sterne Agee
         from any such prospective investors. Sterne Agee hereby acknowledges
         and agrees that the Company may reject any subscription for Securities
         presented to the Company by Sterne Agee, at the Company's sole
         discretion. Sterne Agee is not authorized to make any agreement or
         commitment on behalf of the Company.

2.       Registration Rights. The Company shall, within thirty (30) days
         following the closing of the Offering, file with the SEC, a
         registration statement on Form SB-2 covering the resale of the
         Securities, and will use its best efforts to have such registration
         statement declared effective by the SEC as soon as possible thereafter.
         Without any limitation on the preceding, and unless otherwise directed
         or agreed to by Sterne Agee or its counsel, the Company will use its
         best efforts to honor the following non-binding guidelines, with Sterne
         Agee recognizing that the timing of the proposed registration may
         conflict with summer vacation plans of the Company's management, the
         Company's professional staff and/or the staff personnel of the SEC: the
         Company will use its best efforts to respond, in writing, to the first
         comments letter from the SEC staff, if any, within ten (10) business
         days following receipt thereof, the Company will use its best efforts
         to respond, in writing, to the second comments letter from the SEC
         staff, if any, within seven (7) business days following receipt
         thereof, and the Company will use its best efforts to respond, in
         writing, to any subsequent comments letter from the SEC staff within
         five (5) business days following receipt thereof. If the Company fails
         to file such registration statement with the SEC within thirty (30)
         days following the closing of the Offering, the Company will be
         required to pay a penalty to each investor in the Offering equal to one
         percent (1%) of the purchase price for such investor's Securities and
         an additional one percent (1%) of the purchase price for such
         investor's Securities for each additional 30-day period during which
         such registration statement is not filed with the SEC. In order to
         participate in the registration required by this Section 2, a selling
         stockholder must use reasonable efforts to cooperate with the Company
         and to furnish to the Company in writing such information with respect
         to such selling stockholder and his, her or its stock ownership in the
         Company and his, her or its proposed distribution as shall be
         reasonably necessary in order to assure compliance with federal and
         applicable state securities laws.

3.       Fees.

(a)      In consideration of Sterne Agee's performance of the services described
         in Section 1 hereof, the Company agrees to pay Sterne Agee the
         following fees:

(i)      Retainer. A non-refundable retainer of $10,000, payable in immediately
         available funds upon the execution of this Agreement (the "Retainer
         Fee");

(ii)     Sales Commission. A fee equal to seven  percent  (7.0%) of the gross
         proceeds of the  Offering  sold from time to time by Sterne Agee
         ("Commissions"),  less the  Retainer Fee  previously  paid to Sterne
         Agee by the Company  pursuant  to the  foregoing  subsection.  All
         Commissions  shall be paid in full by the Company to Sterne Agee upon
         the  Company's  receipt of proceeds  from the sale of any Securities in
         the Offering,  from time to time on an  as-completed  basis.  In the
         event that (i) the Company  terminates  this  Agreement for any reason
         other than a breach of this  Agreement by Sterne  Agee or (ii)  this
         Agreement  terminates  due,  in whole or in  part,  to the  Company's
         inability to agree with Sterne Agee upon an offering  price per
         Security,  the Company shall pay Sterne Agee a fee (the  "Termination
         Fee") equal to seven percent  (7.0%) of the gross  proceeds of any sale
         of shares of the  Company's  equity  securities  to any  investor which
         Sterne Agee shall  have from time to time  specifically  identified
         in writing  to the  Company as possibly having an interest in investing
         in the Company,  provided  such sale is  consummated  within one
         hundred  twenty (120) days following such  termination  or  expiration,
         as the case may be. Any Termination  Fee  payable to Sterne  Agee shall
         be payable to Sterne  Agee  within  five (5) days following each such
         sale; and

(iii)    Warrants. Concurrently with the final closing of the Offering, the
         Company shall grant to Sterne Agee warrants (the "Warrants") to
         purchase such number of shares of the Company's common stock as is
         equal to three percent (3%) of the number of Securities placed by
         Sterne Agee pursuant to this Agreement, at an exercise price of $2.00
         per Security (the "Exercise Price"). The Warrants shall be exercisable
         at any time for a period of five (5) years commencing upon their date
         of issuance, and may be exercised as to all or any lesser number of the
         shares of the Company's common stock covered thereby. Each of the
         Exercise Price and the number of shares of the Company's common stock
         issuable upon exercise of the Warrants shall be subject to reasonable
         and customary adjustment in the case of forward and reverse stock
         splits, stock dividends, capital reorganization and reclassification,
         in order to protect the holder(s) thereof against dilution in certain
         events. All shares of the Company's common stock issuable upon the
         exercise of the Warrants shall be issuable out of the authorized
         unissued shares of the Company's common stock. The Warrants may be
         assigned in whole or in part by the holder(s) thereof, provided
         such assignment shall be made in accordance with the federal and state
         securities laws.

(b) Regardless of whether or not the Offering is completed or this Agreement is
terminated, the Company shall reimburse Sterne Agee for all out-of-pocket
expenses reasonably incurred by Sterne Agee from time to time in connection with
its performance of services under this Agreement, including, without limitation,
Sterne Agee's reasonably incurred attorneys' fees and travel expenses, within
ten (10) days following the Company's receipt of written demand therefor from
Sterne Agee; provided, however, that the Company shall not be responsible for
any reimbursement for cumulative expenses exceeding $50,000 without the
Company's prior express written consent.

4. Representations, Warranties and Covenants of Sterne Agee. Sterne Agee
represents and warrants to and agrees with the Company that Sterne Agee is
familiar or will make itself familiar with all applicable federal and state
securities laws and the regulations thereunder which restrict the public sale
and distribution of securities without a registration statement, qualification
or exemption being in effect with respect thereto. In exercising its duties
under this Agreement, Sterne Agee will:

(a) not cause the Company to be engaged in a public offering, or otherwise take
any action or omit to take any action such that the Offering fails to be
entitled to the Exemption;

(b) comply with all applicable federal, state and other regulatory agencies'
securities laws, regulations and rules applicable to the Offering, including,
without limitation, those restricting the solicitation of investors and those
requiring the delivery to investors of certain information about the Company and
the Offering;

(c) comply with all applicable laws and the rules of the NASD in recommending to
a customer the purchase, sale or exchange of the Company's securities; and

(d) not give to any prospective investor any information, sales or advertising
material or make any representation in connection with the Offering other than
as contained in the Offering Documents or as otherwise agreed to by the Company,
and will distribute such permitted materials in accordance with the legends
thereon and applicable securities laws.

5. Representations, Warranties and Covenants of the Company. The Company
represents and warrants to Sterne Agee that any offer or sale of any security of
the Company made by or for the Company within six (6) months preceding the date
of this Agreement (i) complied in all respects with the requirements of the 1933
Act, the 1934 Act, the rules and regulations of the SEC promulgated under each
of the 1933 Act and the 1934 Act, and any applicable state securities laws, and
(ii) was made only to persons or entities deemed to be "accredited investors"
within the meaning of Rule 501 of Regulation D promulgated under the 1933 Act.
The Company agrees with Sterne Agee as follows:

(a) The Company will advise Sterne Agee promptly and consult with Sterne Agee
regarding the drafting of the Offering Documents, and any amendments or
supplements thereto, and all related documents, including, but not limited to,
subscription agreements, confidential investor questionnaires and other
documents associated with the Offering.

(b) The Company will not distribute any Offering Documents, or any amendments or
supplements thereto, that name Sterne Agee as a Placement Agent to any potential
investor without the prior written consent of Sterne Agee.

(c) The Company will furnish to Sterne Agee copies of all Offering Documents in
such quantities as Sterne Agee may reasonably request.

(d) If any event occurs as a result of which any Offering Documents, as then
amended or supplemented, would include an untrue statement of a material fact,
or omit to state any material fact necessary to make the statements therein, in
the light of the circumstances under which they were made, not misleading, and
such event is known to the Company, the Company will promptly prepare an
amendment or supplement which will correct such statement or omission, file such
amended or supplemented Offering Documents with the SEC or any applicable state
securities commission, if so required, and supply such amended or supplemented
Offering Documents to Sterne Agee, in each case as soon as available and in such
quantities as Sterne Agee may reasonably request.

(e) The Company shall promptly notify Sterne Agee of material events which would
necessitate modification of any Offering Documents, or any amendments or
supplements thereto.

(f) The Company shall be reasonably responsive to Sterne Agee's inquiries about
the Company's ongoing operations as they relate to the Offering and the Offering
Documents, or any amendments or supplements thereto. The Company shall permit
each of Sterne Agee and its legal counsel to make such investigations of the
business, properties and financial and legal conditions of the Company and its
subsidiaries as Sterne Agee may reasonably request, provided such investigations
shall remain confidential. No such investigation by either of Sterne Agee or its
legal counsel, if made, shall affect the representations and warranties of the
Company contained in this Agreement.

(g) The Offering Documents, and any amendments or supplements thereto, will
conform in all respects to the requirements of the 1933 Act, the 1934 Act, the
rules and regulations of the SEC promulgated under each of the 1933 Act and the
1934 Act, and any applicable state securities laws, and the Offering Documents,
and any amendments or supplements thereto, will not include any untrue statement
of a material fact or omit to state any material fact required to be stated
therein or necessary to make the statements therein not misleading, except that
this representation and warranty will not apply to statements or omissions made
in reliance upon and in conformity with information furnished by Sterne Agee in
writing to the Company in connection with the Offering Documents, or any
amendment or supplement thereto.
(h) The Company will not take any action that will cause the Exemption not to be
available to the Company and the Offering, and will not omit to take any action
necessary to perfect the availability of the Exemption to the Company and the
Offering.

(i) The Company shall make available to each prospective investor at a
reasonable time prior to such prospective investor's purchase of Securities, the
opportunity to ask questions and receive answers concerning the terms and
conditions of the Offering and to obtain any additional information which the
Company possesses or can acquire without unreasonable effort or expense that is
necessary to verify the accuracy of the Offering Documents.

(j) The Company shall comply with all applicable federal, state and other
regulatory agencies' securities laws, regulations and rules applicable to the
Offering.

6. Indemnification.

(a) To the extent permissible by law, the Company will indemnify Sterne Agee,
its directors, officers, attorneys, partners, agents, consultants, employees and
controlling persons (within the meaning of the 1933 Act) against any losses,
claims, damages or liabilities (or actions or proceedings in respect thereof)
related to or arising out of any (i) negligence or willful misconduct on the
part of the Company or any of its directors, officers, partners, agents,
consultants, employees or controlling persons (within the meaning of the 1933
Act) (a "Company Person"), (ii) material breach of any representation, warranty,
agreement or covenant of the Company contained herein, (iii) act or omission of
the Company or any Company Person that caused the Exemption not to be available
to the Company and the Offering, (iv) untrue statement or alleged untrue
statement of any material fact contained in the Offering Documents, or any
amendment or supplement thereto, or any omission or alleged omission to state
therein a material fact required to be stated therein or necessary to make the
statements therein not misleading; provided, however, that the Company shall not
be liable if and to the extent that the untrue statement or alleged untrue
statement or omission or alleged omission was made in conformity with
information furnished by or on behalf of Sterne Agee in writing specifically for
use in the Offering Documents, or (v) violation of any other statute,
regulation, rule or other law, whether federal or state, by virtue of any act or
omission of the Company or any Company Person, and will reimburse Sterne Agee
and each other person indemnified hereunder for all reasonable legal and other
expenses incurred in connection with investigating or defending any such losses,
claims, damages, liabilities, actions or approvals; provided, however, that the
Company will not be liable in any such case for losses, claims, damages,
liabilities or expenses arising out of the gross negligence or willful
misconduct on the part of Sterne Agee, its directors, officers, partners,
agents, consultants, employees and controlling persons (within the meaning of
the 1933 Act) (a "Sterne Agee Person"). In the event a claim for indemnification
is determined to be unenforceable by the final judgment of a court of competent
jurisdiction, then the Company shall contribute to the aggregate losses, claims,
damages or liabilities to which Sterne Agee and any Sterne Agee Person may be
subject, in such amount as is appropriate to reflect the relevant benefits
received by the Company and the party seeking contribution, on the one hand, and
the relative faults of the Company and the party seeking contribution on the
other, as well as any relevant equitable contribution. For purposes hereof, the
relative benefits received by the Company, on the one hand, and Sterne Agee, on
the other hand, shall be deemed to be in the same proportion as (i) the
aggregate proceeds from the Offering (net of commissions but before deducting
other expenses) received by the Company are to (ii) the aggregate commissions
received by Sterne Agee in connection with the Offering.

(b) To the extent permissible by law, Sterne Agee will indemnify the Company,
its directors, officers, partners, agents, consultants, employees and
controlling persons (within the meaning of the 1933 Act) against any losses,
claims, damages or liabilities (or actions or proceedings in respect thereof)
based on or arising out of any (i) negligence or willful misconduct on the part
of Sterne Agee or any Sterne Agee Person, (ii) untrue statement or alleged
untrue statement of any material fact contained in any information supplied to
the Company by or on behalf of Sterne Agee in writing specifically for use in
the Offering Documents, or any omission or alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements
therein not misleading, (iii) material breach of any representation, warranty,
agreement or covenant of Sterne Agee contained herein, (iv) act or omission of
Sterne Agee or any Sterne Agee Person that caused the Exemption not to be
available to the Company and the Offering, or (v) violation of any other
statute, regulation, rule or other law, whether federal or state, by virtue of
any act or omission of Sterne Agee or any Sterne Agee Person, and will reimburse
the Company and each other person indemnified hereunder for all reasonable legal
and other expenses incurred in connection with investigating or defending any
such losses, claims, damages, liabilities, actions or approvals; provided,
however, that Sterne Agee will not be liable in any such case for losses,
claims, damages, liabilities or expenses arising out of the gross negligence or
willful misconduct on the part of the Company or any Company Person. In the
event a claim for indemnification is determined to be unenforceable by the final
judgment of a court of competent jurisdiction, then Sterne Agee shall contribute
to the aggregate losses, claims, damages or liabilities to which the Company or
any Company Person may be subject in such amount as is appropriate to reflect
the relevant benefits received by Sterne Agee and the party seeking
contribution, on the one hand, and the relative faults of Sterne Agee and the
party seeking contribution on the other, as well as any relevant equitable
contribution. For purposes hereof, the relative benefits received by Sterne
Agee, on the one hand, and the Company, on the other hand, shall be deemed to be
in the same proportion as (i) the aggregate commissions received by Sterne Agee
in connection with the Offering are to (ii) the aggregate proceeds from the
Offering (net of commissions but before deducting other expenses) received by
the Company. Notwithstanding anything to the contrary contained herein, under no
circumstances shall Sterne Agee be obligated to contribute to the indemnified
persons, collectively, an amount in excess of the aggregate commissions received
by Sterne Agee in connection with the Offering.

(c) Promptly after receipt by an indemnified party under this Section 6 of
notice of the assertion of any claim or the commencement of any action, if any
indemnified party intends to make a claim for indemnification against any
indemnifying party under this Section 6, then the indemnified party will notify
the indemnifying party in writing of such assertion or commencement and will
provide the indemnifying party with copies of all pleadings with which the
indemnified party has been served or has otherwise obtained; provided however,
the omission to so notify the indemnifying party will not relieve the
indemnifying party from any liability it may have to the indemnified party under
this Section 6 unless such omission irreparably prejudiced the indemnifying
party. In case any such action is brought against any indemnified party, and it
notifies the indemnifying party of the commencement thereof, the indemnifying
party will be entitled to participate therein and to assume the defense thereof,
with counsel satisfactory to such indemnified party (it being understood that
the indemnifying party shall not be liable for the fees and expenses of more
than one separate firm of attorneys for all such indemnified parties). After
notice from the indemnifying party to such indemnified party of their election
so to assume the defense thereof, the indemnifying party will not be liable to
such indemnified party under this Section 6 for any legal or other expenses
subsequently incurred by such indemnified party in connection with the defense
thereof other than reasonable costs of investigation.

7. Notice. All notices, requests, demands, claims, and other communications
hereunder will be in writing. Any notice, request, demand, claim or other
communication if addressed to the intended recipient as set forth below shall be
deemed to be duly given either when personally delivered or two days after it is
sent by registered or certified mail, return receipt requested, postage prepaid,
or one day after it is delivered to a commercial overnight courier, or upon
confirmation if delivered by facsimile:

                  If to the Company

                  Westside Energy Corporation
                  2100 West Loop South, Suite 924
                  Houston, TX  77027
                  Attn: Mr. Jimmy D. Wright
                  Chief Executive Officer
                  Facsimile: (713) 590-3793

                  With copy to:

                  Randall W. Heinrich
                  Gillis, Paris & Heinrich, PLLC
                  8 Greenway Plaza, Suite 818
                  Houston, Texas 77046
                  Facsimile:  (713) 961-3082

<PAGE>

                  If to Sterne Agee:

                  Sterne, Agee & Leach, Inc.
                  800 Shades Creek Parkway, Suite 700
                  Birmingham, Alabama 35209
                  Attn: Barry McRae
                  Facsimile: (205) 949-3626

                  With copy to:

                  William K. Holbrook, Esq.
                  Haskell Slaughter Young & Rediker, LLC
                  1400 Park Place Tower
                  2001 Park Place North
                  Birmingham, Alabama 35203
                  Facsimile: (205) 324-1133

         Any party may give any notice, request, demand, claim, or other
communication hereunder using any other means, but no such notice, request,
demand, claim, or other communication shall be deemed to have been duly given
unless and until it is actually received by the party for whom it is intended.
Any party may change the address to which such notices, requests, demands,
claims, or other communications are to be delivered by giving the other parties
notice in the manner herein set forth.

8. Benefit and Non-Assignment. This Agreement is made solely for the benefit of
Sterne Agee, the Company, their respective officers and directors and any
controlling person referred to in Section 15 of the 1933 Act, and their
respective successors and assigns, and no other person shall acquire or have any
right under or by virtue of this Agreement. Notwithstanding the foregoing, this
Agreement may not be assigned by Sterne Agee without the prior written consent
of the Company or assigned by the Company without the prior written consent of
Sterne Agee. The term "successor" or the term "successors and assigns" as used
in this Agreement shall not include any purchasers, as such, in the Offering.

9. Survival. Subject to any applicable statutes of limitations, the indemnities,
agreements, representations, warranties and covenants of each of Sterne Agee and
the Company as set forth in or made pursuant to this Agreement shall survive and
remain in full force and effect for a period of three (3) years, regardless of
(i) any investigation made by or on behalf of either of Sterne Agee or the
Company or any of their respective attorneys, officers, directors, partners,
shareholders, members, agents, consultants, employees, affiliates or controlling
persons (within the meaning of the 1933 Act), and (ii) the delivery of or
payment for any of the Securities. Any successor of the Company or Sterne Agee
or any controlling person, officer or director thereof, as the case may be,
shall be entitled to the benefits hereof.

10. Termination. Either party may, at its option, terminate this Agreement upon
giving the other party fifteen (15) days' prior written notice. Notwithstanding
any other provision in this Agreement, this Agreement shall terminate on the
earlier to occur of (i) the sale of all of the Securities and (ii) September 30,
2004, unless extended by the mutual agreement of the parties.

11. Governing Law. The validity, interpretation and construction of this
Agreement and of each part hereof will be governed by the laws of the State of
Alabama.

12. Counterparts. This Agreement may be executed in any number of counterparts,
each of which may be deemed an original and all of which together will
constitute one and the same instrument.

13. Modification and Waiver. No provision of this Agreement may be modified,
amended, waived or discharged unless such waiver, amendment, modification or
discharge is agreed to in writing and signed by the parties hereto. The waiver
by either party to insist upon the performance of any of the terms and
conditions of this Agreement, or the waiver by either party of any breach of any
of the terms and conditions of this Agreement, shall not be construed as
thereafter waiving any such terms and conditions, but the same shall continue
and remain in full force and effect as if no such forbearance or waiver had
occurred.

14. Severability. The provisions of this Agreement shall be deemed severable,
and the invalidity or unenforceability of any provision of this Agreement will
not and shall not be deemed to affect the validity or enforceability of any
other provision hereof. In the event any provision of this Agreement is held to
be invalid or unenforceable, the parties agree that the remaining provisions
hereof shall be deemed to be in full force and effect as if they had been
executed by both parties subsequent to the expunging of the invalid or
unenforceable provision.

15. Interpretation. The language used in this Agreement shall not be construed
in favor of or against either of the parties, but shall be construed as if both
of the parties prepared this Agreement. The language used in this Agreement
shall be deemed to be the language chosen by the parties to express their mutual
intent, and no rule of strict construction shall be applied against any such
party.

16. Headings. The titles and headings of the various paragraphs of this
Agreement are inserted for convenience of reference only, and shall not be
deemed to govern or affect the meaning or interpretation of any of the terms
hereof.

17. Complete Understanding. This Agreement contains the entire agreement between
the parties with respect to the subject matter hereof and supersedes all prior
agreements, written or oral, with respect thereto.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

<PAGE>

         If the foregoing is in accordance with your understanding of our
agreement, kindly sign and return to us the enclosed duplicate hereof, whereupon
it will become a binding agreement between the Company and Sterne Agee in
accordance with its terms

                                                     Very truly yours,

                                                     STERNE, AGEE & LEACH, INC.

                                                     By:
                                                         -----------------------
                                                          James S. Holbrook, Jr.
                                                          Chairman and CEO

Accepted this __ day of June, 2004

WESTSIDE ENERGY CORPORATION

By:
    -------------------------------------------------
     Jimmy D. Wright
     Chief Executive OfficerTHESE 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. EXCEPT AS PROVIDED IN SECTION 7(b) HEREOF, THESE WARRANTS MAY
NOT BE TRANSFERRED. 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 May 7, 2009

         Westside Energy Corporation, a Nevada corporation (the "Company")
hereby certifies that Westside Energy, L.P, (together with his permitted
assigns, the "Registered Holder"), is the holder of 100,000 of the Company's
Warrants (singly, a "Warrant," and collectively, the "Warrants") thus entitling
him, subject to the terms set forth below, to purchase from the Company, at any
time or from time to time on or after May 7, 2004 and on or before May 7, 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 $.50 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.

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.

         (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.

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 he is acquiring
such shares or warrants for his 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.

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 his address as shown on the warrant register by written notice
to the Company requesting such change.

         (b) This Warrant Certificate shall not be transferable by the
Registered Holder and shall be exercisable only by the Registered Holder;
provided that this Warrant Certificate may be transferred to, and may be
exercisable by, provided that this Warrant may be transferred to, and may be
exercisable by, the Registered Holder's spouse, the Registered Holder's
naturally born or legally adopted heirs or their issue, or a trust for the
benefit of any of the foregoing persons, or to and by any family planning entity
herebefore or hereafter established by the Registered Holder or any company or
entity that directly, or indirectly through one or more intermediaries, is
controlled by, or is under common control with, the Registered Holder. Subject
to the foregoing, this Warrant Certificate shall not be assigned, pledged or
hypothecated in any way (whether by operation of law or otherwise) and 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 2100 West Loop South, Suite 900,
Houston, Texas 77027, or such other address as the Company shall so notify the
Registered Holder.

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
7th day of May, 2004.

                                  WESTSIDE ENERGY CORPORATION

                                  By:________________________________________
                                  Jimmy D. Wright, President

<PAGE>

                                    EXHIBIT A

                                  PURCHASE FORM

Westside Energy Corporation
2100 West Loop South, Suite 900
Houston, Texas 77027

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 his 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:______________________________

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