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Winstar Resources Ltd.

12:16 PM EST - Winstar Resources Ltd. : reported that its second quarter net loss was $0.78 million or $0.02 per share, compared to a net loss of $1.3 million or $0.04 per share in the same quarter last year. Funds from operations or FFO, for the quarter surged to $11.83 million or $0.34 per share, from $3.61 million or $0.13 per share in the year ago quarter. The company's quarterly oil and gas revenues rose 107% to $19.85 million, from $9.6 million in the same quarter previous year. Winstar Resources Ltd. shares T.WIX are trading unchanged at $4.26.