Sunshine Oilsands Ord Shs SUNYF

Energy Oil & Gas E&P

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

Sunshine Oilsands Ord Shs

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Post by premium54on Sep 26, 2013 12:28pm

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Post# 21769939

west ellis

It is hard to figure out what is going to happen with west ellis. Obviously you can't do a 50/50 partnership on a property that is almost ready to go. It is also hard to figure out why a JV is in the works for Muskwa when as far as I know it has not even been approved yet. Why not do the JV with Thickwood which has been approved. The next few weeks I suspect will be interesting but enough of the letters of intent which are not legally binding. It is time to get something on paper which is binding and then the stock will react.

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