Sunshine Oilsands Ltd., reported that the Muskwa Primary Recovery Scheme Application # 1624506 has been approved by the ERCB.

The press release is quoted as saying:

The Company's initial development plans include a conventional heavy oil project and exploitation of its SAGD cretaceous sandstone land areas. Sunshine's initial adjudicated resource report, which was based on 58 core holes encompassing 396 sections, attributed 9.4 Billion barrels of original bitumen in place, 2.5 Billion barrels high case gross lease recoverable resources and 1.4 Billion best case gross lease recoverable resources.

Click here to access the entire press release ^[1]

Click here to access Sunshine Oilsands Corporate Site ^[2]