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Romania: Winstar to spud oil, gas exploratory wells

Winstar Resources Ltd., Calgary, is to spud two exploratory wells by mid-October in northwestern Romania near the border with Hungary.

One is an 1,800-m oil test at Madaras field, and the other is a 1,550-m gas test at Moftinu field. Both offset older wells that encountered hydrocarbons.

Winstar will operate and pay 100% of the cost of the wells as part of the work commitment under a farmout from Rompetrol SA on the 459,339 net acre Satu Mare concession.


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