Sunshine Oilsands Submits Commercial SAGD Application
Investing News Network - April 1st, 2010
Sunshine Oilsands Ltd. reported that the Company has submitted a regulatory application to develop a commercial steam-assisted gravity drainage oil sands project at its West Ells location.
Sunshine Oilsands Ltd. reported that the Company has submitted a regulatory application to develop a commercial steam-assisted gravity drainage oil sands project at its West Ells location.
The press release is quoted as saying:
Sunshine Oilsands Ltd. is a Calgary based company engaged in the development of its significant holdings (1 million acres) of in-situ oil sands deposits in the Athabasca region in Alberta. The Company’s initial development plans include a conventional heavy oil project and exploitation of its SAGD cretaceous sandstone land areas.