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Sunshine Oilsands Faces Regulatory Challenge Over Project Maintenance

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Sunshine Oilsands Faces Regulatory Challenge Over Project Maintenance

Confident Investing Starts Here:

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.

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