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One-Page Deal Sheet

Sunshine Oilsands to Sell Non-Core Assets

Not Disclosed Sunshine Oilsands Ltd.
AnnouncedJul 22, 2014
TypeProperty
Announced Date
July 22,2014
Close Date
July 21,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
20




Snapshot
Asset/Basin:
{"Alberta Oil Sands"}
Proved Reserves

Location
Region
Canada

Country
Canada

Production & Reserves
Reserves


Transaction Details:  Subscribe to see

Sunshine Oilsands Ltd. has announced that on July 17, 2014, the Corporation entered into a petroleum, natural gas and general rights conveyance agreement for the sale of certain non-core oilsands assets which relate to, among other things, lands and petroleum and natural gas rights to a third party industry partner for a total consideration of CDN$20 million (which is equivalent to approximately HK$144.4 million at current exchange rates). The Disposal was conducted between the parties on an arm's length basis.

The Assets have approximately 225 million barrels of contingent resource…

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