Winstar Resources Ltd. closed the sale of substantially all its Canadian assets (273 BOPD) to a private company for ~$9.5 million. Production from the assets in June was 273 BOEPD. The purchase price equates to $17.09 per proved boe, $10.46 per 2P boe and $34,800 per boepd. Further to the close of this transaction, Winstar (with the exception of retaining varying ownership in six gross sections of land with three wells capable of production......
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