Winstar Resources

Latest Winstar Resources News

• Winstar is pleased to report that its Tunisian production remains strong.
• produced on average 2,500 to 2,600 boepd (barrels of oil equivalent per day) in January.

• Winstar Resources Ltd provide operational updates on field activities in southern Tunisia and Romania and to advise the market of a management change.
• natural gas sales last week, the Company is currently selling approximately 2,300 boepd of crude oil and associated natural gas from all its producing Tunisian concessions.
• The installation of a downhole pump has commenced, at Chouech Essaida #8bis temporarily reduced the available quantity of crude oil and associated natural gas.

• Winstar Resources Ltd. is a publicly traded oil and gas company listed on the Toronto Stock Exchange, focused primarily on Tunisia.
• The company is headquartered in Calgary, Alberta, Canada, with international headquarters in Breda, The Netherlands and offices in Geneva, Switzerland; Tunis, Tunisia; Szolnok, Hungary and Bucharest, Romania.

• MOU signed with Privateco to farmout for cash and a work program, up to 50% of Winstar's current 45% working interest in the Sabria Concession in west-central Tunisia
• The agreement provides Winstar an opportunity to accelerate the development of the extensive probable reserves associated with the Sabria Concession
• Also provides Winstar an incremental working capital to fund the current and near term capital programs
• Privateco to earn an undivided 22.5% working interest within the Sabria Concession upon Closing in exchange for a cash payment of US$6.55 million

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