Winstar Resources Ltd. reports that approximately 1,100 barrels of oil equivalent per day (boepd) (of a total 1,300 boepd of net production) 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- Tataouine) commenced a three day strike on January 16th 2013. Following the advice of Winstar's legal counsel further to operational safety and security concerns, the Company ordered the evacuation of all personnel from its three concessions. Approximately 20 previous strikers failed to evacuate with all others at the evacuation deadline of January 19, 2013, but following extensive discussion with the relevant authorities, did depart, under the supervision of the Tunisian National Guard on January 26th and 27th.
The Company had been in regular contact with relevant authorities, in Tunis and Tataouine throughout this incident, in particular with the Industry and Trade Ministers.
Prior to the strike Winstar was producing about 1,300 boepd and, during these incidents, it was producing a net 180 boepd from its 45% working interest but operated Sabria Concession in central Tunisia.
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Winstar Resources Ltd.
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