Key Developments: Winstar Resources Ltd (WIXFF.PK)

WIXFF.PK on OTC Markets Group - US Other OTC and Grey Market

2.29USD
1:54pm EDT
Price Change (% chg)

$-0.14 (-5.84%)
Prev Close
$2.43
Open
$2.29
Day's High
$2.29
Day's Low
$2.29
Volume
100
Avg. Vol
920
52-wk High
$3.23
52-wk Low
$1.80

Search Stocks

Latest Key Developments (Source: Significant Developments)

Kulczyk Oil Ventures Inc To Acquire Winstar Resources Ltd
Thursday, 25 Apr 2013 02:40am EDT 

Kulczyk Oil Ventures Inc announced that it has entered into an agreement with Winstar Resources Ltd pursuant to which KOV will acquire all of the issued and outstanding shares of Winstar. Under the terms of the Acquisition, Winstar shareholders will beentitled to receive 7.555 shares of KOV or CAD2.50 in cash, subject to a maximum of CAD35 million in cash; The Acquisition values the entire issued and to be issued share capital of Winstar at approximately CAD112 million; The Company will continue to be listed on the Warsaw Stock Exchange (WSE)  Full Article

Winstar Resources Ltd Issues Q3 2012 Production Outlook-Canada NewsWire
Sunday, 12 Aug 2012 08:00pm EDT 

Canada NewsWire reported that Winstar Resources Ltd announced that, for the third quarter fiscal year 2012, it expects to reach its theoretical productive capacity 2,400 barrels of oil equivalent per day (boepd) to 2,700 boepd.  Full Article

Winstar Resources Ltd. Announces Initiation Of Strategic Alternatives Process
Tuesday, 3 Jul 2012 07:26am EDT 

Winstar Resources Ltd. announced that it has retained FirstEnergy Capital LLP to initiate a process to explore and evaluate potential strategic alternatives with a view to enhancing shareholder value. FirstEnergy, as financial advisor to the Board, will assist in the process of analyzing and evaluating prospects and options to the Company which may include a strategic investment, cash infusion, joint venture, merger, sale or other alternatives. The Company has not set a timetable for the completion of the review process and it does not intend to comment further regarding the review process unless a specific transaction is approved by the Board of Directors, the review process is concluded or it is otherwise determined that further disclosure is necessary.  Full Article

Winstar Resources Ltd. To Farmout 50% Of Interest In Sabria Concession
Thursday, 18 Aug 2011 09:00am EDT 

Winstar Resources Ltd. announced that it has executed a Memorandum of Understanding (MOU) with a privately held European exploration and production company (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, including existing production, inventory and reserves. All amounts are in US dollars unless otherwise stated. Winstar and Privateco have agreed to expeditiously work towards drafting and executing a comprehensive Farmout Agreement plus ancillary agreements in accordance with the commercial terms and conditions contained within the executed MOU. The basic terms and conditions of the executed MOU are as follows: Privateco will earn an undivided 22.5% working interest within the Sabria Concession upon Closing in exchange for a cash payment of $6.55 million, subject to final closing adjustments, and a work commitment to pay 45% of the capital costs to: Work-over an existing Sabria well; Drill and complete three new Sabria horizontal development wells to a depth to exploit the reserves within the Ordovician Sandstones of the Hamra and El Atchane Formations. The Effective Date of the transaction is July 1, 2011 with a closing date expected during the fourth quarter of 2011. At closing, Winstar will receive $6.55Million of which 5.7Million represents the estimated value for the proved developed producing (PDP) reserves at July 1, 2011 plus seismic and inventory.  Full Article

  • Previous
  • Next

Winstar Resources Ltd News

» More WIXFF.PK News

Earnings vs. Estimates

» More Financials
Search Stocks