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Sunshine Oilsands ( (HK:2012) ) just unveiled an announcement.
Sunshine Oilsands Ltd. has received an order from the Alberta Energy Regulator requiring the submission of a project abandonment plan due to failure to meet maintenance requirements. The Orphan Well Association is seeking to take over the project, prompting the company to prepare an appeal and stay of the order. Currently, there is no significant adverse impact on the company’s business.
More about Sunshine Oilsands
Sunshine Oilsands Ltd. is a corporation incorporated under the Business Corporations Act of the Province of Alberta, Canada. It operates in the oil sands industry and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 977,577
Technical Sentiment Signal: Hold
Current Market Cap: HK$129M
For a thorough assessment of 2012 stock, go to TipRanks’ Stock Analysis page.