Sunshine Oilsands Ltd. provided capital expenditure guidance for 2013. The company's Board of Directors has approved a total budget for 2013 of $430 million that includes a $390 million capital expenditure program directed at West Ells and advancing other growth projects. The 2013 budget has been set at $430 million with a primary focus on progressing the
mechanical completion, commissioning, start up and early operation of West Ells, while advancing development of Thickwood and Legend to build towards a projected 300,000 bbl/d production capacity. The 2013 budget is allocated approximately: 75% to West Ells, including 16 Steam Assisted Gravity Drainage (SAGD) injection/production well pairs; 16% to Thickwood and Legend and progressing development to a projected 300,000 bbl/d capacity; and 9% for other capital projects and general corporate purposes.