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Sunshine Oilsands Ord Shs SUNYF

Sunshine Oilsands Ltd. is a Canada-based company, which is focused on the development of its significant holdings of oil sands and heavy oil leases in the Athabasca oil sands region. The Company owns interests in oil sands and petroleum and natural gas leases in the Athabasca region of Alberta. Its West Ells Phase 1 is operational and has an initial production target of approximately 5,000 barrels per day. Its asset categories include West Ells, Thickwood, Legend, Muskwa, Harper, Opportunity, Portage and Other Properties. The West Ells region covers over 9,856 contiguous gross and net hectares and is located within the Athabasca oil sands region close to several high-profile international oil companies. Its conventional heavy oil portfolio includes introduction of production enhancement technology through a joint venture with Renergy Petroleum (Canada) Co. Ltd. at Muskwa and Godin. The Thickwood region consists of Oil Sands Leases covering 5,888 contiguous gross and net hectares.


OTCPK:SUNYF - Post by User

Bullboard Posts
Post by Mr_Jameson Sep 08, 2013 11:54pm
333 Views
Post# 21726296

I do know this.....

I do know this.....Meg Energy...... lost operators to SS. 

The moral delema in making money on giving our resources away and what is really going on, does make my head spin as what they have put together and what they are going to give away is mind boggling, and how blind or just plain ignorant we 37 million Canadians are to give away 7% of the 3rd largest oil resource for nothing, just have someone build something here or to spend money, and to use a currency that is worthless. Is a lot for a true Canadian like myself. 

I do understand that we all have to roll with the punches, but and their is a but, why could SS not push to keep as much as possible. Instead of not even getting one pad operational? 

So here is the rock and the hard place, the rock is if they are that good then this JV was already orchestrated and them failing to give advantage in negotiating to the future partner. And the hard place is they just failed in managing their money and could not budget and lack proper accounting and management. Possibly thinking with emotion and not having the right people in place and putting weak in hands in place to get things done. 

all in all who knows, but of course treason as I had said before is the lowest level of hell.

Bullboard Posts