03:47 PM EST - Winstar Resources Ltd. : announced that it has executed a Memorandum of Understanding with a privately held European exploration and production company to farmout for cash and a work program, up to 50% of Winstar's current 45% working interest in the Sabria Concession in west-central Tunisia, including existing production, inventory and reserves. The work commitment is estimated to have a value to Winstar, after earned carried working interest (22.5%), of approximately $12.3 million U.S. Winstar Resources Ltd.
shares T.WIX are trading down $0.26 at $3.34.
