The Canadian junior said on Monday it had signed a joint operating agreement with Renergy Petroleum, an affiliate of steel and shipbuilding conglomerate Changjiang Investment Group, to develop Sunshine’s Muskwa and Godin conventional heavy oil properties in the Athabasca oil sands region of Alberta.
Under the deal, Renergy earn a 50% working interest by operating and funding 100% of the initial joint operations conducted on the leases, up to a cap of C$250 million (US$242.8
