November 27, 2014 6:06 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Winstar Resources Ltd.

Company Overview

Winstar Resources Ltd. explores for, develops, produces, and sells crude oil, natural gas, and natural gas liquids in Tunisia and Hungary. It primarily owns 100% working interests in 4 WIX-operated onshore concessions and 45% working interest in 1 WIX-operated onshore concession in Tunisia. The company’s onshore concessions cover approximately 147,872 net acres. Winstar Resources Ltd. also has interest in the Satu Mare concession that covers approximately 453,537 net acres concession bordering on Hungary. The company was founded in 1996 and is headquartered in Calgary, Canada. As of June 24, 2013, Winstar Resources Ltd. was taken private.

520-3 Avenue SW

Suite 3130

Calgary, AB T2P 0R3

Canada

Founded in 1996

128 Employees

Phone:

403-205-3722

Fax:

403-205-2722

Key Executives for Winstar Resources Ltd.

President and Director
Chief Financial Officer
Advisor of Chief Executive Officer - Tunisia
General Manager of Hungary
General Manager
Compensation as of Fiscal Year 2014.

Winstar Resources Ltd. Key Developments

Winstar Resources Ltd. Announces Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2013; Reports Production for the Month of April 2013; Provides Production and Earnings Guidance for the Second Quarter of 2013

Winstar Resources Ltd. announced consolidated earnings and operating results for the first quarter ended March 31, 2013. For the quarter, the company reported Petroleum and natural gas sales were $8,101,000 or $0.08 per basic & diluted share against $18,422,000 or $0.32 per basic & diluted share a year ago. Net loss earnings from continuing operations was $10,000 or $0.00 per basic and diluted share compared to net earnings from continuing operations of $743,000 or $0.02 per basic & diluted share a year ago. Capital expenditures were $1,585,000 against $5,852,000 a year ago. Oil and gas production during first quarter of 2013 was 849 boepd (sales of 849 boepd), which was 62% lower than the first quarter of 2012 of 2,192 boepd (sales 1,853 boepd). Total sales were 76,438 boe compared to 168,624 boe a year ago. Total production was 76,438 boe compared to 199,466 boe a year ago. Production during the month of April 2013 has averaged 1,420 boepd. This production level, if unchanged until June 30, 2013 is expected to yield improved financial and operating results for second quarter of 2013.

Winstar Resources Ltd., Q1 2013 Earnings Call, May 10, 2013

Winstar Resources Ltd., Q1 2013 Earnings Call, May 10, 2013

Kulczyk Oil Ventures Inc., Winstar Resources Ltd. - M&A Call

To discuss the agreement relating to Kulczyk Oil Ventures Inc. to acquire all of the issued and outstanding shares of Winstar

Similar Private Companies By Industry

Company Name Region
White North Energy Corp. Americas
King Energy Inc. Americas
Joint Venture in the Antler Area in Southeast Saskatchewan Americas
Dimensions West Energy, Inc. Americas
Pathway 2010 GORR Limited Partnership Americas

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Winstar Resources Ltd., please visit www.winstar.ca. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.