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A ray of Sunshine

February 28, 2013

Sunshine Oilsands Ltd. (ticker SUO), the first Canadian oil-sands operator to list shares on the Hong Kong exchange, is in “advanced” talks with joint-venture partners to boost production to a potential 1 million barrels a day.

After the completion of the 2012 drilling and seismic program Sunshine has:

Sunshine is producing about 500 barrels a day right now. The company probably will need to invest about C$15 billion in equipment and operations as it boosts production.


Sunshine is a portend for the future. Chinese capital + Canadian expertise to exploit a northern resource, in this case the oil sands using SAGD technology. The company’s presentation shows a high degree of concern with the environment and advocates minimizing air and water impacts.