Sunshine Oilsands Ltd. is committed to providing our investors and the public with timely and accurate information regarding our business and operating activies.
March 7, 2022
INSIDE INFORMATION BUSINESS UPDATE
Hong Kong (March 8, 2022) and Calgary, Alberta (March 7, 2022) - The Board of Directors (the “Board”) of Sunshine Oilsands Ltd. (the “Corporation” or “Sunshine”) (HKEX: 2012) is pleased to announce the following:
The Board of Directors is pleased to announce that as at the date of this announcement, the Corporation has completed the preliminary preparatory work for resumption of production in the West Ells project. It is now in the steaming stage for pre-heating of the ground. The project is expected to resume production in due course. The Corporation will make further announcements as and when appropriate and necessary.
ABOUT SUNSHINE OILSANDS LTD.
The Corporation is a Calgary based public corporation, listed on the Hong Kong Stock Exchange since May 1, 2012. The Corporation is focused on the development of its significant holdings of oil sands and heavy oil leases in the Athabasca oil sands region. The Corporation owns interests in oil sands and petroleum and natural gas leases in the Athabasca region of Alberta. The Corporation is currently focused on executing milestone undertakings in the West Ells project area. West Ells Phase 1 has an initial production target of 5,000 barrels per day.
For further enquiries, please contact:
Kwok Ping Sun
Executive Chairman
Tel: + 852-3188-9298
Email: [email protected]
Website: www.sunshineoilsands.com