Kulczyk Oil is pleased to announce the results of its annual general and special meeting of the holders of common shares held June 20, 2013 to consider and vote on, among other things, a change in the name of the Company from "Kulczyk Oil Ventures Inc." to "Serinus Energy Inc." and a share-consolidation on the basis of one post-consolidation common [...]
Winstar Resources management and Board of Directors present the operating and financial results for the three months ended March 31, 2013 plus an update on the announced April 25, 2013 transaction. The first three months of 2013 were a turbulent time for Winstar's field operations in Tunisia and a demanding period for Winstar's Special Committee [...]
Winstar Resources would like to clarify a technical misconception regarding its transaction with Kulczyk Oil Ventures. Since the announcement yesterday of its proposed transaction with KOV, Winstar has been contacted by several investors who are uncertain as to their ability to trade in KOV shares following completion of that transaction.
Winstar Resources announces today that it has entered into an Arrangement Agreement whereby Kulczyk Oil Ventureswill acquire all of the issued and outstanding common shares of Winstar. Under the terms of the Agreement, each Winstar shareholder will receive, for each Winstar share, at the shareholder's election: i) C$2.50 in cash (the "Cash [...]
Winstar is pleased to update its Tunisian production. The Company's daily production is within its range of expectations, as reported on March 13, 2013. During that past week, Winstar's daily production has ranged from 1,350 to 2,050 net barrels of oil equivalent per day. Variability in daily production is reflective of workover logistics and [...]
Winstar reports its operating and financial results for the fourth quarter and year ended December 31, plus an update on its operations. During 2012, the Company preserved its strong balance sheet, and generated oil and gas revenue, funds flow and net earnings comparable to 2011 while continuing to generate strong field operating netbacks. The [...]
Winstar reports that production at two of its 100% owned and operated Southern Tunisian production concessions continues to improve. These two concessions, along with the Sanrhar concession, were shut in from January 16 to February 15 due to labour unrest and related safety plus security issues. The Company's total average daily production from [...]
Winstar reports that the Company has resumed production, under normal operating conditions, at two of its 100% owned and operated Southern Tunisian production concessions ( Chouech Essaida and Ech Chouech) which, due to labour unrest and related safety plus security issues, had been shut in since January 16, 2013. The re-opening of two of [...]
Winstar reports that approximately 1,100 barrels of oil equivalent per day derived from its 100% owned and operated Sanhrar, Chouech Essaida and Ech Chouech Concessions has not yet re-commenced production. The Company, through a News Release dated January 28, 2013, suggested that Winstar's production from its three concessions in Southern Tunisia [...]
Winstar reports that approximately 1,100 barrels of oil equivalent per day derived from its 100% owned and operated Sanhrar, Chouech Essaida and Ech Chouech Concessions has been shut-in since January 16, 2013 due to safety and security concerns related to labour disputes. Members of the Union Générale Tunisienne du Travail -Tataouine ("UGTT [...]
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