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HKSE - Delayed Quote HKD

Sunshine Oilsands Ltd. (2012.HK)

0.410

-0.030

(-6.82%)

At close: 4:08:30 PM GMT+8

Alberta Energy Regulator orders Sunshine Oilsands to suspend operations

The order includes a mandate to post a security deposit and ensure reasonable care and measures for its sites.

Offshore Technology 3 months ago

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Canadian regulator orders halt to Sunshine Oilsands operations

The Nov. 14 order from the Alberta Energy Regulator (AER) also demanded that Sunshine Oilsands post a security deposit of C$6,091,318 ($4.36 million) to offset the estimated cost of abandoning or reclaiming a well or facility. "This order is to ensure that the sites licensed to Sunshine Oilsands do not pose a risk to public safety or the environment," the AER said on Monday, warning that non-compliance could lead to further enforcement actions, including an abandonment order. Sunshine Oilsands is headquartered in Calgary but listed in Hong Kong, and holds approximately 1 million acres of oil sands, petroleum and natural gas leases, according to documents on its website.

Reuters 3 months ago

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Performance Overview

Return	2012.HK	HANG SENG INDEX
YTD	-29.31%	+14.37%
1-Year	+13.89%	+38.24%
3-Year	-91.72%	+4.73%

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