03:50 PM EST - Sunshine Oilsands Ltd. : announced the results of its reserves and resource evaluations, effective as at December 31, 2014. Approximately 3.6 billion barrels of Best Estimate Contingent Resources with an aggregate pre-tax PV10% value of CDN$6.6 billion calculated only on 3.35 billion barrels of Economic Resources. Total evaluated Best Estimate resource barrels declined approximately 10% year on year due to the sale of the Pelican property and revisions in development plans for carbonates resources, but PV10% estimated value rose by 46%; 86 million barrels of 1P (proved) reserves with an aggregate PV10% value of CDN$169 million. Total 1P reserves increased by approximately 7 million barrels, but PV10% value declined due to weak near-term commodity pricing assumptions. Sunshine Oilsands Ltd.
shares T.SUO are trading down $0.01 at $0.07.
