Winstar sees gas potential in Tunisian hot shale

09/17/2012
Winstar Resources Ltd., Calgary, said an external study indicates vast gas potential in the Silurian Tannezuft hot shale in the Ghadames basin in southern Tunisia as the company engaged a consultant to evaluate potential strategic alternatives to enhance shareholder value. Since mid-August Winstar has opened data rooms in London and Calgary with corporate and Tunisian data and in Bucharest containing data on the Satu Mare concession in Romania. Winstar said a resource evaluation by NuTech Energy Alliance, Houston, indicates that the Tannezuft on the company's Sabria, Sanrhar, Chouech Essaida, and Ech Chouech concessions has apparent shale gas play parameters equal to or better than some e...
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