Winstar Resources Ltd. to provide preliminary operational updates on field activities in southern Tunisia and Romania as well as comments regarding the recent elections in Tunisia.

TUNISIA:

Chouech Essaida Silurian production start-up

Installation of the natural gas processing plant at the CS Sil well site has been completed and the well was placed on production on October 27, 2011. There have been frequent production interruptions as operations staff at the facility continue to work through various start-up issues associated with processing and measuring the relatively rich natural gas stream. Additionally, delivery of certain parts, critical for the gas plant's operation, were held up in customs due to a temporary localized labor strike and STEG, the Tunisian state electricity and natural gas utility company, has experienced an operational outage at their El Borma facility where Winstar delivers its gas from the Chouech Essaida concession. These issues have been largely resolved as of this week and the Company expects that gas sales from the CS Sil #1 facility and the rest of the Chouech Essaida concession should resume shortly. In the interim, the well has been producing water-free condensate at a consistent daily rate of 500 bbls/day. Based on the gas/oil ratio and production parameters from the original well test, the Company estimates that the well is also producing 450 - 550 boepd of natural gas at a steady wellhead pressure of 1620 psiand a choke of 22/64 inch. A further update will be provided when the Company releases its financial results for the third quarter of 2011 on November 10, 2011.

Chouech Essaida Silurian The CS Sil well commenced drilling on October 10, 2011. The 4,450 meter well is forecast to be drilled in 45 days at an estimated cost of $15-$16 million including the anticipated $5 million completion and testing program. The well's dual exploration objectives are the Triassic and Silurian reservoirs, similar to those discovered in CS Sil 1. Drilling operations for this well are currently on time and on budget and over the past weekend the well was drilling ahead at a depth of 3,600 meters. Provided the operation does not encounter any unforeseen delays, the well should reach total depth by the middle of November and testing of any prospective zones could start in early December.

The well has been placed on production and is currently flowing at a stabilized rate of approximately 300 boepd from the middle zone . The Company believes that current production rates for the well could be increased with the installation of a down-hole electrical pump. The required workover to install this pump is expected to be completed by the end of November.

Chouech Essaida

The CS well reached a total depth of 2,500 meters on September 23, 2011 several days ahead of forecast and below the budgeted cost. Following testing, two zones proved to contain hydrocarbons and both zones will require artificial lift to produce. Equipment is currently being sourced to measure the economic potential of these two zones and it is currently anticipated that installation and testing with a pumping system will commence in December.

ROMANIA

The Company's first drilling campaign in Romania, consisting of two exploration wells in the Satu Mare exploration block, will commence in mid-November. The first well, Madaras 109, is a 1,800 meter test of an oil zone previously encountered in a nearby offset well. The second well is expected to reach a total depth of 1,550 meters and will test various gas zones encountered in offset wells. Winstar will operate and pay 100% of the cost of these wells to earn a 60% working interest as part of the Company's work commitment under the Farm-in Agreement with Rompetrol of Romania.

Tags: Winstar Resources Ltd.