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.