SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

SPICKELMIER KEITH D

(Last)

(First)

(Middle)

4400 POST OAK PARKWAY

SUITE 2530

(Street)

HOUSTON

77027

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
WESTSIDE ENERGY CORP [ WHT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman

3. Date of Earliest Transaction (Month/Day/Year)
11/09/2007

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/09/2007		A		33,333	A	$0⁽¹⁾	2,393,384⁽²⁾	D
Common Stock	11/09/2007		A		100,000	A	$0⁽¹⁾	2,493,384	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Warrants to Purchase⁽³⁾	$0.5	02/26/2004		M		166,392		02/26/2004	02/26/2009	Common Stock	166,392	$0⁽⁴⁾	166,392	D
Warrants to Purchase⁽³⁾	$0.5	05/07/2004		M		100,000		05/07/2004	05/07/2009	Common Stock	100,000	$0⁽⁵⁾	266,392	D

Explanation of Responses:

1. The Reporting Person has acquired or will be acquiring within 60 days after the date of this filing these shares of the common stock of Westside Energy Corporation (the "Company"), purusant to the Company's 2007 Equity Incentive Plan, for services provided to the Company as a director, valued at a per-share price of $2.65, the closing price of the Company's common stock on the date of grant.

2. One-third of these shares may become vested on January 1, 2008, one-third of these shares may become vested on January 1, 2009, and one-third of these shares may become vested on January 1, 2011.

3. These entries are for beneficial ownership only.

4. These warrants were issued to the Reporting Person, in his capacity as a member of Bering Partners No. 2, L.L.C. ("Bering No. 2"), in consideration of a loan in the amount of $280,000 made by Bering No. 2 to the Issuer. No other consideration was given by the Reporting Person or anyone else in connection with the grant of these warrants.

5. These warrants were issued to the Reporting Person in his capacity as a member of Bering No. 2 in consideration of a loan in the amount of $130,000 made by Bering No. 2 to the Issuer. No other consideration was given by the Reporting Person or anyone alse in connection with the grant of these warrants.

Remarks:

	Keith D. Spickelmier	11/14/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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