Sunshine Oilsands Ltd 2014 AR2
The report highlights Sunshine Oilsands Ltd.'s financial and operational activities for the fiscal year ended December 31, 2014. The company focused on securing capital to resume construction of the first phase of its West Ells steam-assisted gravity drainage (SAGD) project, which reached approximately 94% completion. Sunshine successfully raised $144 million in equity and closed a US$200 million senior secured notes offering to fund its development. Financially, the company recorded a net loss of $26.8 million for the year and resolved all outstanding builders' liens on the West Ells property.
Company: Sunshine Oilsands Ltd
Sector: Energy
Country: Canada
Year: 2014
Type: AR2
Pages: 98
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Sunshine Oilsands Ltd
Annual Report
The report highlights Sunshine Oilsands Ltd.'s financial and operational activities for the fiscal year ended December 31, 2014. The company focused on securing capital to resume construction of the first phase of its West Ells steam-assisted gravity drainage (SAGD) project, which reached approximately 94% completion. Sunshine successfully raised $144 million in equity and closed a US$200 million senior secured notes offering to fund its development. Financially, the company recorded a net loss of $26.8 million for the year and resolved all outstanding builders' liens on the West Ells property.
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Document Details
Report Year
2014
Reporting Period
Jan 1, 2014 - Dec 31, 2014
Fiscal Year
2014
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available