Replies to post #7 on Sunshine Oilsands Ltd. (SUNYF)

[cowboyinvestor69]

What’s Next
2012 was an exciting year for Sunshine with achievements that set the groundwork for future milestones
and accomplishments. 2013 is a pivotal year for Sunshine as we continue to develop West Ells with first
steam in the third quarter. By the end of 2013, we should be at or near first production at West Ells and
we expect to be moving forward on developments at Thickwood and Legend, with additional commercial
applications filed in support of our 300,000 barrel per day growth plan. Sunshine’s significant presence in
the north-western part of the Athabasca oil sands region represents an opportunity for investors seeking
value growth. As a management team, we continue to believe in our execution capabilities and in the
experience of our technical team which strives for operational excellence. It is our dedication and
commitment to achieve results which will help to deliver on our projects

[cowboyinvestor69]

Cold flow assets
During the first quarter of 2013, the Corporation undertook a strategic review of its cold flow assets in order to
optimize the potential of these assets, particularly for Sunshine’s Muskwa area. The Corporation is examining various
joint venture or divesture strategies. Options continue to be reviewed and an update will be provided once a
determination has been made. For the three months ended March 31, 2013, Muskwa remains in the resource
definition stage. As such, the Corporation has capitalized all costs incurred to date, including operating costs net of
revenues, for financial reporting purposes