Winstar Resources Ltd. updates 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 ("boepd"). Variability in daily production is reflective of workover logistics and variations in natural gas nominations, at the Chouech Essaida Concession, from STEG (the Tunisian National Utilities Company). The Company estimates its current stabilized production at 1,600 to 1,700 boepd.

This rate does not include incremental production expected from Chouech Essaida Triassic Well # 11 ("CS #11") which is now expected to be completed before the end of April 2013. The successful recompletion of CS #11 is anticipated to increase daily production to 1,800 to 1,900 boepd. Current production also does not include, approximately 80 boepd from the Sanrhar Concession, which remains shut-in due to its location and related logistical issues. There continues to be no estimated date, for the resumption of production at the Sanrhar Concession.

Tags: Winstar Resources Ltd.