Sunshine Oilsands (HKG:2012) said the repair and maintenance work ordered by the Alberta Energy Regulator (AER) will be performed on its only active project in West Ells.
The company estimates that the repairs will take two to three months depending on uncontrollable factors like weather and road conditions, a Tuesday filing with the Hong Kong Exchange stated.
The statement comes days after the AER ordered Sunshine Oilsands to suspend all wells, facilities, and pipelines, post an over CA$6 million security deposit, and provide care for its sites.
The regulatory agency said the company repeatedly failed to comply with regulatory requirements and promptly address compliance issues.
"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 in a Nov. 18 news release, adding that non-compliance could lead to further enforcement actions, including an abandonment order.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。