Winstar Resources Ltd.

Winstar Resources Ltd. (Winstar Resources) is a Canadian oil and gas company, which is principally engaged in development, production and selling of crude oil, natural gas liquids and natural gas. Winstar`s principal operating locations include Canada, Tunisia, Romania and Hungary. The company has offices in Geneva (Switzerland), Tunis (Tunisia) and Szolnok (Hungary). It has interests in the Canadian oil and gas Properties such as Sturgeon Lake, Ferrier (Brazeau and Sunchild), Whitecourt (Edson, Windfall, West Pembina), Strachan, Herronton, and Taber. In addition to this, Winstar has large undeveloped land holdings with high-impact gas potential in Hungary, large undeveloped land offsetting significant oil and gas fields in Romania and low decline crude oil and natural gas producing assets in Alberta. The company is headquartered in Calgary, Canada.The company reported revenues of (Canadian Dollars) CAD 51.7 million during the fiscal year ended December 2008, an increase of 15.9% over 2007. The operating loss of the company was CAD 7.6 million during the fiscal year 2008, as against an operating income of CAD 1.7 million during 2007. The net loss of the company was CAD 13.6 million during the fiscal year 2008, as against a net profit of CAD 6.0 million during 2007.