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Winstar Resources Provides 2012 Highlights; Shares Fell 3.5% Wednesday

Winstar Resources Ltd. (WIX.TO), which fell 3.5% Wednesday, included in its 2012 highlights: oil and gas revenue of US$58.8 million down 4% year over year; funds from continuing operations of $32.1 million down 11% year over year; net earnings from continuing operations of $4.7 million down 36% year over year; after (all cash) tax operating netback of $70.84 per boe down 2% year over year;

proved and probable reserves of 11.2 million boe down 4% year over year; and 2P net asset value after tax at discount 10% of $6.14 per fully diluted share, down 2% year over year.

Winstar is a Calgary-based junior oil and gas company, which explores for, develops, produces and sells crude oil, natural gas liquids and natural gas in Tunisia and Romania.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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