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2012 — Sunshine Oilsands News Story

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Brief: Sunshine Oilsands updates on West Ells Phase II project expansion

March 20 (Reuters) - Sunshine Oilsands Ltd  2012.HK  
    * Corporation and China Petroleum Engineering & Construction 
Corporation (CPECC) have signed a memorandum of understanding 
    * Total capital required for completion of phase II is 
expected to be approximately USD50M 
    * MOU in relation to West Ells Phase II  project expansion 
    * Average production costs per barrel is expected to be 
significantly reduced after phase ii expansion 
 
Source text for Eikon:  ID:nHKS4wgx7L  
Further company coverage:  2012.HK  
 
 ((Bangalore.newsroom@thomsonreuters.com;))

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