Sunshine Oilsands Ord Shs SUNYF

Energy Oil & Gas E&P

Sunshine Oilsands Ltd. is an oil sands company. The Company is focused on the development of its holdings of oil sands leases in the Athabasca oil sands region. It is a holder and a developer of Athabasca region oil sands resources with approximately 0.91 billion barrels of risked best estimate contingent resources. The Company’s focus is on evaluating and developing its oil sands assets with the completion and operation of the 5,000 bbls/day Phase I commercial West Ells (the Project). It owns and controls 100% of 467,969 hectares of leases (over 1,000,000 acres of leases) and holds approximately 7% of the allocated oil sands lease area in that region. It holds a land position that includes eight primary operational areas. Its principal operating regions in the Athabasca area are at West Ells, Thickwood, Legend Lake, Harper, Muskwa, Goffer and Portage. The West Ells region covers about 9,856 contiguous gross and net hectares and is located within the Athabasca oil sands region.

OTCPK:SUNYF - Post by User

Sunshine Oilsands Ord Shs > 3,890,849,995

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Comment by balitokon Sep 03, 2014 12:48am

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Post# 22899897

RE:3,890,849,995

3.8 b shares divided by 20 = about 200 million shares since inception so please do not overemphasize the no. Of shares as there was a split of 1:20 of shares in 2012 to be within the price range of shares trading in HK with the sp at that time also split by 20 times. The fact that Sunshine was able to raise about 140 million dollars in equity and about 190 million in debt in this climate means that Sunshine has a chance to rebound once more.

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