- CEO
- Douglas Stewart Brown
- Full Time Employees
- 30
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 715-5th Ave SW Calgary AB Canada T2P 2X6
- IPO Date
- Feb 15, 2013
- Business
- Sunshine Oilsands Ltd. Sunshine Oilsands Ltd. is a Canada-based energy company focused on the exploration, development, and production of oil sands and heavy oil resources in the Athabasca region of Alberta; its core assets include the operational West Ells Phase 1 project with an initial production target of approximately 5,000 barrels per day, alongside undeveloped properties such as Thickwood, Legend, Muskwa, Harper, Opportunity, Portage, and others covering over one million acres of leases for clastic sandstone, carbonate bitumen, and conventional heavy oil deposits. The company employs steam-assisted gravity drainage (SAGD) and production enhancement technologies, including a joint venture with Renergy Petroleum (Canada) Co. Ltd. at Muskwa and Godin for heavy oil; it targets crude oil production and sales primarily in Canada, with headquarters in Calgary, Alberta, where it was founded in 2007. In recent developments, Sunshine Oilsands Ltd. conditionally acquires an 80% equity interest in Ideal Harbor Limited for HK$8 million to gain exposure to Phononic, Inc.'s solid-state thermal management technologies for AI data centers and server cooling, marking a strategic diversification beyond oil sands; it enters a non-binding cooperation framework with Southern Power Grid Energy Efficiency and Clean Energy Co. Limited for new energy projects in carbon reduction, energy conservation, heating, and cooling in Shandong and Guangdong provinces; additionally, it pursues a strategic cooperation agreement with BitCruiser Incorporated to establish a bitcoin mining farm.