Financial Performance - The net loss attributable to equity holders for the first quarter of 2024 was CAD 22.14 million, compared to a net profit of CAD 11.57 million in the first quarter of 2023[10]. - The company recorded diluted oil sands heavy oil revenue of CAD 11.44 million for the first quarter of 2024, compared to CAD 7.19 million in the same period of 2023[13]. - The net revenue from oil sales, after deducting royalties, increased to CAD 11.2 million in Q1 2024 from CAD 7.2 million in Q1 2023, a rise of CAD 4 million[19]. - The average price per barrel of oil sold, net of royalties, increased from CAD 64.65 in Q1 2023 to CAD 73.85 in Q1 2024, an increase of CAD 9.20 per barrel[19]. - The company reported a cash flow from operating activities of CAD (4,551,000), an improvement from CAD (7,906,000) in the same period of 2023[60]. - The company has a cash balance of CAD 390,000 as of March 31, 2024, and its ability to continue operations is dependent on securing financing and generating cash flow from operations[5]. Production and Sales - The average oil sands heavy oil production for the first quarter of 2024 was 1,185.9 barrels per day, with an average diluted oil sands heavy oil sales volume of 1,665.4 barrels per day[6]. - For the first quarter of 2024, the company reported heavy oil sales of 1,227 barrels per day, an increase from 1,025 barrels per day in the first quarter of 2023[10]. - The average production of oil sands heavy oil at West Ells rose to 1,186 barrels per day in Q1 2024, up from 913 barrels per day in Q1 2023, an increase of 273 barrels per day[17]. - The average sales volume of oil sands heavy oil increased to 1,227 barrels per day in Q1 2024, compared to 1,025 barrels per day in Q1 2023, an increase of 202 barrels per day[18]. Costs and Expenses - The operating costs for the first quarter of 2024 were CAD 4.29 million, slightly down from CAD 4.49 million in the first quarter of 2023[10]. - The total cost of diluent increased to CAD 4.94 million in Q1 2024 from CAD 3.86 million in Q1 2023, an increase of CAD 1.08 million[22]. - The transportation cost per barrel decreased from CAD 22.70 in Q1 2023 to CAD 16.11 in Q1 2024, a reduction of CAD 6.59 per barrel[24]. - Operating costs decreased from CAD 4.5 million in Q1 2023 to CAD 4.29 million in Q1 2024, a reduction of CAD 0.2 million, primarily due to lower natural gas prices[26]. - General and administrative expenses increased from CAD 4.54 million in Q1 2023 to CAD 4.604 million in Q1 2024, an increase of CAD 0.1 million, mainly due to higher municipal costs[27]. - Financing costs rose from CAD 2.536 million in Q1 2023 to CAD 2.74 million in Q1 2024, an increase of CAD 0.2 million, attributed to interest expenses from related companies and shareholder loans[29]. - Depreciation and depletion expenses increased from CAD 2.051 million in Q1 2023 to CAD 2.619 million in Q1 2024, an increase of CAD 0.568 million, driven by increased production and higher depletion rates[31]. Assets and Liabilities - The total assets of the company as of March 31, 2024, were CAD 745.96 million, showing a slight increase from CAD 745.93 million in the previous quarter[10]. - As of March 31, 2024, the company reported a net loss attributable to owners of CAD 22.1 million, with a working capital deficit of CAD 84.2 million[40]. - The company's total liabilities to total assets ratio increased to 91% as of March 31, 2024, compared to 88% as of December 31, 2023[40]. - The company has incurred unsecured debt totaling USD 55.3 million (approximately CAD 74.9 million) as of March 31, 2024[37]. - The company has unsecured loans from related parties totaling approximately CAD 52,845,000, with an interest rate of 10%[47]. Strategic Initiatives - The company plans to enter the second phase of the West Ells project, which aims to increase production by an additional 5,000 barrels per day once financing is secured[4]. - The company is focused on evaluating and developing its current oil sands assets in the West Ells project, which is located in the Athabasca region, known for its rich oil sands reserves[4]. - The West Ells project has fully resumed production in 2023, indicating a recovery in operations[80]. - The company is focusing on cost control and closely monitoring developments in the crude oil market[80]. - The company plans to restart activities in the Muskwa and Godin areas in collaboration with joint ventures[80]. Tax and Legal Matters - The company has approximately CAD 1.44 billion in available tax deductions, with unrecognized tax losses expiring between 2029 and 2044[34]. - The company is negotiating a settlement plan with the Regional Municipality of Wood Buffalo regarding property tax claims amounting to CAD 15.41 million, along with overdue penalties of CAD 17.65 million[37]. - The company has received a payment notice from the Regional Municipality of Wood Buffalo regarding municipal property taxes from 2016 to 2024, which it believes is not compliant with relevant laws[37]. - The company has a pending court judgment requiring it to pay approximately USD 19.69 million (approximately CAD 26.05 million) to non-tolerant bondholders[39]. - The company is actively seeking suitable insurance for legal claims against its directors[65]. Corporate Governance - The company has two independent non-executive directors and two audit committee members following a recent resignation[64]. - The company’s financial reporting controls have been assessed as effective as of March 31, 2024[56]. - The company has not identified any significant changes in internal control over financial reporting that could materially affect the financial statements[57]. Shareholder Information - The company’s executive chairman holds 150,232,591 shares, representing approximately 61.70% of the issued common shares[47]. - The company reported a total of 243,478,681 Class "A" common shares issued as of March 31, 2024[73]. - No dividends were declared or paid for the three months ended March 31, 2024, consistent with the previous year[75].

Financial Performance - For Q1 2024, Sunshine Oilsands Ltd. reported a net loss attributable to shareholders of approximately CAD 22.14 million, compared to a net loss of CAD 11.57 million in Q1 2023, representing an increase in loss of 91.5% year-over-year[3]. - The company reported a net loss of CAD 22,217,000 for the three months ended March 31, 2024, compared to a net loss of CAD 11,650,000 for the same period in 2023, representing an increase in losses[14]. - The basic and diluted loss per share for Q1 2024 was CAD 0.09, compared to CAD 0.05 in Q1 2023, reflecting a 80.0% increase in loss per share[9]. - The company reported a net loss attributable to shareholders of approximately $22,144,000 for the three months ended March 31, 2024, compared to a loss of $11,575,000 in the same period of 2023[69]. - The total expenses for Q1 2024 were CAD 21.64 million, compared to CAD 19.99 million in Q1 2023, indicating an increase of 8.2%[9]. Revenue and Sales - The company reported total revenue of CAD 11.19 million from oil sales in Q1 2024, a significant increase from CAD 7.18 million in Q1 2023, representing a growth of 55.5%[9]. - Oil sales revenue for the three months ended March 31, 2024, was $11,437,000, a significant increase from $7,192,000 for the same period in 2023, representing a growth of approximately 58.5%[59]. - Customer contract revenue for the same period was $11,192,000, compared to $7,179,000 in 2023, indicating a year-over-year increase of about 55.5%[59]. - Average diluted oil sands sales increased to 1,665.4 barrels per day in Q1 2024, up from 1,233.8 barrels per day in Q1 2023, reflecting a growth of 35.0%[3]. Assets and Liabilities - Total assets as of March 31, 2024, were CAD 745.96 million, slightly up from CAD 745.93 million as of December 31, 2023[7]. - Current liabilities increased to CAD 90.74 million as of March 31, 2024, compared to CAD 85.41 million as of December 31, 2023, marking an increase of 6.9%[7]. - The company’s equity attributable to shareholders decreased to CAD 68.83 million as of March 31, 2024, down from CAD 91.05 million as of December 31, 2023, a decline of 24.5%[7]. - The company’s total liabilities increased to CAD 1,245,000,000 as of March 31, 2024, compared to CAD 1,294,508,000 as of December 31, 2023, indicating a reduction in overall debt[11]. - The company’s total liabilities as of March 31, 2024, are CAD 666,849,000, compared to CAD 645,029,000 in 2023, indicating an increase of approximately 3.5%[96]. Cash Flow and Financing - The net cash used in operating activities for the three months ended March 31, 2024, is CAD (916,000), compared to CAD (3,062,000) for the same period in 2023, indicating an improvement in cash flow[14]. - The cash balance at the end of the period is CAD 388,000, a decrease from CAD 63,000 at the end of the previous period, indicating a decline in liquidity[14]. - The company incurred financing costs of CAD 2,740,000 for the three months ended March 31, 2024, compared to CAD 2,536,000 for the same period in 2023, reflecting an increase in financing expenses[14]. - The company has a total cash outflow related to financial liabilities of $622,871,000, with $90,174,000 due within one year[79]. - The company is actively monitoring its financing requirements and discussing refinancing options with existing shareholders and creditors[21]. Operational Strategies - Sunshine Oilsands Ltd. continues to focus on operational efficiency and cost management strategies to navigate the challenging market environment[3]. - The company continues to assess and develop oil sands resources in Alberta, Canada, with ongoing projects in the Athabasca oil sands region[16]. - The management's ability to maintain ongoing operations is contingent upon achieving forecasted revenues and obtaining additional financing[20]. - The group has significant control and flexibility over the timing and scope of capital and operating expenditures based on its 2024 budget[20]. Shareholder and Equity Information - The company’s issued and fully paid share capital remained unchanged at 243,478,681 shares, with a total value of $1,315,265 USD as of March 31, 2024[53]. - Shareholders' equity decreased to $68,830,000 as of March 31, 2024, compared to $91,047,000 as of December 31, 2023[72]. - Revenue from customer A contributed 63.2% of total group revenue as of March 31, 2024, down from 88.6% in the previous year[64]. Legal and Compliance Matters - The company has appealed a judgment requiring payment of approximately $19,694,000 due on December 13, 2023, with the appeal expected to take place in July 2024[87]. - The company is required to pay approximately $15,481,000 in principal and interest to non-deferring holders based on a judgment from the New York State Court[87]. Miscellaneous - The company has established a wholly-owned subsidiary in Hong Kong, Sunshine Oil Sands (Hong Kong) Limited, to seek new investment opportunities[88]. - The company has not engaged in any purchases, sales, or redemptions of its securities during the first quarter of 2024[54].

Production and Sales Performance - The average oil sands heavy oil production for the year ended December 31, 2023, was 946.1 barrels per day, with an average diluted oil sands heavy oil sales volume of 1,152.8 barrels per day[5]. - The average production of diluted oil sands heavy oil for the three months and twelve months ended December 31, 2023, was 1,604.4 barrels/day and 946.1 barrels/day, respectively[157]. - The average diluted oil sands heavy oil sales for the fourth quarter of 2023 was 1,550 barrels/day, up from 816 barrels/day in the fourth quarter of 2022[160]. - The company reported diluted oil sands heavy oil revenue of CAD 11,932 thousand for the three months ended December 31, 2023, compared to CAD 7,275 thousand for the same period in 2022, representing a 64.5% increase[162]. - The company's oil sands heavy oil realized revenue increased from CAD 3.7 million in Q4 2022 to CAD 6.9 million in Q4 2023, a rise of CAD 3.2 million[163]. - For the twelve months ending December 31, 2023, the realized revenue from oil sands heavy oil rose to CAD 17.78 million, up CAD 9.2 million from CAD 8.64 million in 2022[163]. Financial Performance - The net loss for the year ended December 31, 2023, was CAD 19.6 million, compared to a net loss of CAD 65.7 million in 2022, representing a significant improvement[3]. - Operating cash flow net loss for the twelve months ended December 31, 2023, was CAD 9.5 million, down from CAD 15.2 million in 2022, indicating a reduction in losses[9]. - The company reported a net loss attributable to equity holders of CAD 2,184 thousand for the fourth quarter of 2023, compared to a net profit of CAD 490,832 thousand in the fourth quarter of 2022[160]. - The company reported a net loss attributable to shareholders of CAD 18.7 million for the twelve months ending December 31, 2023[195]. - As of December 31, 2023, total liabilities increased to CAD 654.9 million from CAD 637.7 million in 2022, while shareholders' equity decreased to CAD 91.0 million from CAD 110.0 million[6]. Cost Management - The company achieved a reduction in operating netback losses from CAD 80.52 per barrel in 2022 to CAD 22.59 per barrel in 2023, a decrease of CAD 57.93 per barrel[9]. - The company reported a decrease in operational costs by L%, improving overall profitability margins[19]. - The company's operating costs for the fourth quarter of 2023 were CAD 4,528 thousand, a decrease from CAD 6,506 thousand in the fourth quarter of 2022[160]. - Operating costs for the twelve months ended December 31, 2023, decreased to CAD 17,068,000 from CAD 18,942,000 in 2022, mainly due to lower natural gas prices[177]. Corporate Governance - The board consists of eight members, including two executive directors and three non-executive directors, with the remaining three being independent non-executive directors[28]. - The company has adopted a board diversity policy to enhance decision-making capabilities, considering factors such as gender, age, and professional experience[40]. - The board confirmed compliance with the corporate disclosure and trading policy throughout the reporting period[66]. - The company has established a whistleblowing policy for employees and business associates to report misconduct[50]. - The audit committee reviewed the financial statements for the year ending December 31, 2023, and discussed significant financial issues with management and external auditors[50]. Strategic Initiatives - The company is actively seeking opportunities to lower transportation costs by negotiating with Tidal Energy to transport diluted heavy oil to a closer terminal, Cheecham, starting February 2024[11]. - The company is committed to securing funding to support current operations and expansion plans for the West Ells project and other regional projects[14]. - The company is considering strategic acquisitions to enhance its product offerings and market presence, with potential targets identified in sectors I and J[19]. - The company is investing in R&D for new technologies, allocating $G million towards the development of innovative solutions in the upcoming fiscal year[19]. Market and Customer Relations - The company had three major customers contributing 100% of total revenue for the year ended December 31, 2023, with the largest customer accounting for approximately 84% of total revenue, amounting to CAD 25.4 million[131]. - The second largest customer contributed approximately 15% of total revenue, totaling CAD 4.69 million for the year ended December 31, 2023[132]. - The company continues to seek to expand its customer base to achieve optimal pricing for its products[132]. Legal and Compliance Issues - The company received a court ruling on December 13, 2023, requiring it to pay approximately USD 19.69 million (approximately CAD 26.05 million) to non-exempt holders[146]. - The company is appealing the court ruling, with the appeal expected to take place in July 2024[146]. - The company has received a property tax notice from RMWB for CAD 15.1 million, along with overdue penalties of CAD 14.9 million[192]. Environmental and Social Responsibility - The company emphasizes a "safety first" principle in health, safety, and environmental practices, maintaining a good safety record in 2023[60]. - Environmental protection and management are fundamental operational principles, with ongoing monitoring and compliance with established procedures[128]. - The company’s environmental, social, and governance report will be published after the annual report and will be available on the Hong Kong Stock Exchange and the company’s website[87].

Production and Revenue - As of December 31, 2023, the company reported an average oil sands heavy oil production of 1,604.4 barrels per day for the last three months and 946.1 barrels per day for the full year[5]. - The company achieved a diluted heavy oil revenue of CAD 11,932 thousand for the fourth quarter of 2023, compared to CAD 7,275 thousand in the same quarter of 2022, representing a year-over-year increase of approximately 64.5%[11]. - The average diluted heavy oil sales volume was 1,847.7 barrels per day for the last three months of 2023, up from 1,152.8 barrels per day for the full year[5]. - For the three months ended December 31, 2023, the realized oil sands heavy oil revenue increased by 320,000 CAD to 690,000 CAD from 370,000 CAD in the same period of 2022[12]. - For the twelve months ended December 31, 2023, the realized oil sands heavy oil revenue rose by 920,000 CAD to 1,780,000 CAD from 860,000 CAD in the same period of 2022[13]. - The average production of oil sands heavy oil for Q4 2023 was 1,604 barrels per day, an increase of 670 barrels per day compared to 934 barrels per day in Q4 2022[17]. - The average sales volume of oil sands heavy oil for Q4 2023 was 1,550 barrels per day, up from 816 barrels per day in Q4 2022, reflecting an increase of 734 barrels per day[18]. - Oil sales (net of royalties) for the twelve months ended December 31, 2023, were CAD 29.6 million, up from CAD 14.7 million in the same period of 2022, driven by increased sales following the full resumption of production at West Ells and a decrease in royalties due to lower WCS prices[20]. Financial Performance - The company reported a net loss attributable to equity holders of CAD 2,184 thousand for the fourth quarter of 2023, compared to a profit of CAD 490,832 thousand in the same quarter of 2022[9]. - The operating cash flow net loss for Q4 2023 was 1,450,000 CAD, a reduction from a net loss of 5,140,000 CAD in Q4 2022[15]. - The total operating cash flow net loss for the twelve months ended December 31, 2023, was 9,506,000 CAD, down from 15,185,000 CAD in the previous year[15]. - The company reported a net loss of CAD 18.7 million and a working capital deficit of CAD 79.5 million for the twelve months ending December 31, 2023[47]. - The debt-to-asset ratio increased to 88% as of December 31, 2023, compared to 85% as of December 31, 2022[47]. Costs and Expenses - Total capital expenditures for the fourth quarter of 2023 were CAD 378 thousand, a decrease from CAD 514 thousand in the fourth quarter of 2022[9]. - Total diluent costs for the three months ended December 31, 2023, were CAD 5.04 million, compared to CAD 3.60 million in the same period of 2022, with a per-barrel cost decrease of CAD 9.15, from CAD 38.80/barrel to CAD 29.65/barrel[22][23]. - Total diluent costs for the twelve months ended December 31, 2023, were CAD 12.46 million, up from CAD 6.98 million in 2022, with a per-barrel cost decrease of CAD 7.41, from CAD 37.03/barrel to CAD 29.62/barrel[24]. - Transportation costs for the three months ended December 31, 2023, were CAD 3.44 million, compared to CAD 2.05 million in the same period of 2022, with a per-barrel cost decrease of CAD 1.91, from CAD 22.12/barrel to CAD 20.21/barrel[25]. - Transportation costs for the twelve months ended December 31, 2023, were CAD 9.53 million, up from CAD 3.93 million in 2022, with a per-barrel cost increase from CAD 20.82/barrel to CAD 22.65/barrel[26]. - Total operating costs for the three months ended December 31, 2023, were CAD 4.53 million, down from CAD 6.51 million in the same period of 2022, with a per-barrel cost of CAD 26.64[27][28]. - Total operating costs for the twelve months ended December 31, 2023, were CAD 17.07 million, down from CAD 18.94 million in 2022, primarily due to lower natural gas prices[28]. - For the three months ended December 31, 2023, general and administrative expenses were CAD 2.883 million, an increase of CAD 0.5 million compared to CAD 2.391 million in the same period of 2022[29]. - For the twelve months ended December 31, 2023, general and administrative expenses totaled CAD 12.553 million, up from CAD 11.064 million in 2022, reflecting an increase of CAD 1.489 million[29]. Impairment and Asset Evaluation - The company evaluates its exploration and evaluation (E&E) and property, plant, and equipment (PP&E) assets for impairment indicators on each reporting date, using future cash flow estimates for impairment testing[35]. - As of December 31, 2023, the company did not recognize any impairment losses in its income statement for the E&E cash-generating unit and West Ells cash-generating unit[36]. - The estimated recoverable amounts for the E&E and West Ells cash-generating units were CAD 236.3 million and CAD 497.6 million, respectively, leading to an impairment of CAD 19.7 million for E&E and a reversal of CAD 20 million for West Ells as of December 31, 2022[38]. Financing and Debt - The company has incurred a total of USD 55 million (approximately CAD 72.8 million) in unsecured permitted debt as of December 31, 2023[41]. - The company has entered into a waiver agreement with deferral holders, allowing for a waiver of accrued interest amounting to USD 31.5 million from January 1, 2023, to December 31, 2023[40]. - The company is involved in ongoing negotiations regarding a municipal property tax claim of CAD 15.1 million, along with overdue penalties of CAD 14.9 million[44]. - A court ruling requires the company to pay USD 19.7 million (approximately CAD 26.0 million) to non-deferral holders, with an appeal expected to take place in July 2024[46]. - The total amount of unsecured loans from related companies is approximately CAD 51.93 million, with a term of 1 to 3 years[54]. Corporate Governance and Management - The company has committed to maintaining high standards of corporate governance to enhance shareholder value[68]. - The company's internal controls over financial reporting (ICFR) were assessed as effective as of December 31, 2023, with no significant changes identified that could materially impact financial reporting[62]. - The management discussion includes forward-looking statements that involve significant risks and uncertainties, which may cause actual results to differ materially from those projected[65]. - The company has applied for a three-month exemption from compliance with certain listing rules due to difficulties in finding suitable candidates for independent non-executive directors[68]. - The company is in the process of obtaining appropriate insurance for legal claims against its directors[69]. Shareholder Information - As of December 31, 2023, Sunshine Oilsands has issued a total of 243,478,681 Class "A" common shares[76]. - The company’s chairman holds approximately 61.70% of the issued common shares[53]. - No dividends were declared or paid for the twelve-month period ending December 31, 2023, consistent with the previous year[78]. Future Plans and Market Outlook - The company plans to enter the second phase of the West Ells project, which aims to increase production by an additional 5,000 barrels per day once financing is secured[3]. - The company will continue to focus on cost control and closely monitor developments in the crude oil market[81]. - The West Ells project has fully resumed production as of the date of this announcement[81]. - The company plans to restart activities in the Muskwa and Godin areas in collaboration with joint ventures[81].

Financial Performance - For the fiscal year ending December 31, 2023, the total comprehensive loss attributable to shareholders was approximately CAD 18.74 million, a significant improvement from a loss of CAD 66.04 million in 2022, representing a reduction of about 71.7%[3][4] - Total revenue for 2023 was CAD 39,377,000, an increase of 4.84% compared to CAD 37,559,000 in 2022[36] - The company reported a net loss of CAD 19,626,000 for 2023, significantly improved from a net loss of CAD 65,705,000 in 2022, representing a reduction of approximately 70%[36] - The diluted loss per share improved to CAD 7.94 in 2023 from CAD 26.86 in 2022, reflecting a significant recovery[38] - The company recorded a foreign exchange gain of CAD 11,683,000 in 2023, a turnaround from a loss of CAD 30,010,000 in 2022[36] Assets and Liabilities - As of December 31, 2023, total liabilities amounted to CAD 654.89 million, up from CAD 637.71 million in 2022, indicating a rise of about 2%[4] - Cash and cash equivalents stood at CAD 0.53 million as of December 31, 2023, slightly down from CAD 0.54 million in the previous year[4] - Shareholders' equity decreased to CAD 91.05 million in 2023 from CAD 110.01 million in 2022, a decline of approximately 17.3%[4] - Total assets decreased marginally to CAD 745,932,000 in 2023 from CAD 747,719,000 in 2022[30] - The total liabilities exceeded total current assets by approximately CAD 79,458,000, raising concerns about the company's liquidity and ability to meet future obligations[57] Operational Efficiency and Strategy - The company is focused on improving operational efficiency and exploring new market opportunities to enhance future performance[4] - The company is actively assessing its oil assets for potential impairment, which involves significant management judgment regarding future cash flows and discount rates[15][16] - The company made payments of CAD 2,234,000 for exploration and evaluation assets in 2023, an increase from CAD 1,053,000 in 2022, reflecting a focus on asset development[47] Audit and Compliance - The independent auditor's report confirmed that the financial statements fairly reflect the group's financial position as of December 31, 2023, in accordance with international financial reporting standards[9] - The audit procedures included evaluating the design and implementation of key controls related to the impairment assessment process[19] - The overall appropriateness of the use of the going concern basis in preparing the financial statements was evaluated[28] Credit and Liquidity Risk - The company has received financial support commitments from major shareholders to ensure operational continuity and debt repayment in the foreseeable future, with a total principal amount of approximately CAD 66,818,000[58] - The company's ability to continue as a going concern is dependent on generating sufficient financing and operational cash flow in the short term[58] - The group has adopted a simplified approach under IFRS 9 to measure expected credit losses over the entire lifetime for trade receivables, significantly reducing credit risk[197] Revenue Recognition and Accounting Policies - Revenue recognition is based on the transfer of control of goods or services to customers, with specific performance obligations identified in contracts[65] - Oil sales revenue is recognized based on floating prices specified in customer contracts, with revenue confirmed upon transferring control of the product[68] - The company applies International Accounting Standards to assess impairment of right-of-use assets, ensuring accurate financial reporting[81] Exploration and Evaluation Assets - The company's exploration and evaluation assets were valued at approximately CAD 237.97 million as of December 31, 2023, compared to CAD 235.04 million in 2022, reflecting a marginal increase[4][15] - Exploration and evaluation assets include costs related to unproven mineral acquisition, geological costs, and exploration drilling costs, which are capitalized until drilling is completed and results are assessed[102] Foreign Currency and Interest Rate Risks - The company has not implemented any foreign currency hedging policies, but management monitors foreign exchange risks and considers hedging significant risks when necessary[189] - Sensitivity analysis indicates that a 5% depreciation of the Hong Kong dollar, US dollar, and Renminbi would impact pre-tax profits by CAD (2,936), CAD (16,811), and CAD (555), respectively[192] - The company faces cash flow interest rate risk related to floating rate bank balances, but due to short-term maturities, the interest rate risk associated with these balances is minimal[193][194]

管理層討論與分析 截至二零二三年九月三十日止三個月和九個月 陽光油砂有限公司 管理層討論與分析 此乃陽光油砂有限公司（「陽光油砂」或「本公司」）於截至二零二三年九月三十日止三個月和九個月的財務狀況及表 現的管理層討論與分析（「管理層討論與分析」），日期為二零二三年十一月十日(香港時間) /日期為二零二三年十一 月九日(卡爾加里時間)，已獲本公司董事會批准。本管理層討論與分析應與本公司截至二零二三年九月三十日止三個月 和九個月止的未經審核綜合財務報表及截至二零二二年十二月三十一日止年度的經審核綜合財務報表及其附註一併閱讀。 除另有指明者外，所有金額及表格金額均以千加元入賬。 概覽 陽光油砂是阿薩巴斯卡地區油砂資源的權益持有人及開發商，具有最佳估計可採資源量約 9.1 億桶。於二零二二年十二 月三十一日本公司的無風險最佳估計可採資源量為大約15.3億桶。本公司擁有超過一百萬英畝的油砂和石油、天然氣的 租賃區塊，具備龐大的商業發展潛能。West Ells 一萬桶熱採商業項目的一期（ 五千桶） 正進行生產並不斷提升以滿足 裝置的設計產能。阿薩巴斯卡地區為加拿大阿爾伯塔省油砂藏量最豐富的地區。加拿大油砂為西半球穩定的政 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性或完整性亦不發表任何聲明， 並明確表示概不就因本公佈全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 本公佈僅供參考，並不構成收購、購買或認購陽光油砂有限公司證券之邀請或要約。 SUNSHINE OILSANDS LTD. 陽光油砂有限公司* （香港聯交所：2012） （一家根據加拿大阿爾伯塔省商業公司法註冊成立的有限公司） 截至二零二三年九月三十日止第三季度業績公佈 財務數據總結 二零二三年第三季度，歸屬於本公司股權持有人的淨虧損及全面虧損約為$1,570 萬加元，而二零二二年第三季度歸 屬於本公司股權持有人淨利潤及全面利潤 $3.2 億加元。 於二零二三年九月三十日、二零二二年十二月三十一日及二零二二年九月三十日，本公司節選財務數字如下： 二零二三年 二零二二年 截至九月三十日止三個月 重述 (千加元) 歸屬於本公司股東的淨利潤（虧損）（千加元） (15,686) 322,945 稀釋油砂平均銷量（桶 / 日） 10.6 989.7 (千加元) 二零二三年 二零二二年 ...

二零二三年中期報告 * 僅供識別 財務數據總結 二零二三年第二季度，歸屬於本公司股權持有人的淨利潤及全面利潤約為$570萬加元，而二零二二年第 二季度歸屬於本公司股權持有人淨利潤及全面利潤 $4,620 萬加元。 SUNSHINE OILSANDS LTD. 陽光油砂有限公司* （一家根據加拿大阿爾伯塔省商業公司法註冊成立的有限公司） （香港聯交所： 2012 ） 於二零二三年六月三十日、二零二二年十二月三十一日及二零二二年六月三十日，本公司節選財務數字 如下： | 截至六月三十日止三個月 | | 二零二三年 | 二零二二年 | | --- | --- | --- | --- | | 歸屬於本公司股東的淨利潤（虧損） | （千加元） | 5,745 | 46,173 | | 稀釋油砂平均銷量（桶 / 日） | | 1,524.8 | 53.5 | | （千加元） | 二零二三年 | 二零二二年 | | --- | --- | --- | | | 六月三十日 | 十二月三十一日 | | 物業、廠房及設備 | 481,953 | 485,222 | | 勘探及評估資產 | 235,657 | 235,044 | ...

管理層討論與分析 截至二零二三年六月三十日止三個月及六個月 陽光油砂有限公司 管理層討論與分析 此乃陽光油砂有限公司（「陽光油砂」或「本公司」）於截至二零二三年六月三十日止三個月及六個月的財務狀況及表現 的管理層討論與分析（「管理層討論與分析」），日期為二零二三年八月十一日，已獲本公司董事會批准。本管理層討 論與分析應與本公司截至二零二三年六月三十日止三個月及六個月年度的未經審核綜合財務報表及其附註，及截至二零 二二年十二月三十一日止年度的經審核綜合財務報表及其附註一併閱讀一併閱讀。除另有指明者外，所有金額及表格金 額均以千加元入賬。 概覽 陽光油砂是阿薩巴斯卡地區油砂資源的權益持有人及開發商，具有最佳估計可採資源量約 9.1 億桶。於二零二二年十二 月三十一日本公司的無風險最佳估計可採資源量為大約15.3億桶。本公司擁有超過一百萬英畝的油砂和石油、天然氣的 租賃區塊，具備龐大的商業發展潛能。West Ells 一萬桶熱採商業項目的一期（ 五千桶） 正進行生產並不斷提升以滿足 裝置的設計產能。阿薩巴斯卡地區為加拿大阿爾伯塔省油砂藏量最豐富的地區。加拿大油砂為西半球穩定的政治環境中 所發現的最大石油資源及全球第 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表 示概不就因本公佈全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 本公佈僅供參考，並不構成收購、購買或認購陽光油砂有限公司證券之邀請或要約。 SUNSHINE OILSANDS LTD. 陽光油砂有限公司* （一家根據加拿大阿爾伯塔省商業公司法註冊成立的有限公司） （香港聯交所：2012） 截至二零二三年六月三十日止第二季度業績公佈 財務數據總結 二零二三年第二季度，歸屬於本公司股權持有人的淨利潤及全面利潤約為$570 萬加元，而二零二二年第二 季度歸屬於本公司股權持有人淨利潤及全面利潤 $4,620萬加元。 於二零二三年六月三十日、二零二二年十二月三十一日及二零二二年六月三十日，本公司節選財務數字如 下： 截至六月三十日止三個月 二零二三年 二零二二年 歸屬於本公司股東的淨利潤（虧損）（千加元） 5,745 46,173 稀釋油砂平均銷量（桶 / 日） 1,524.8 53.5 二零二三年 二零二二年 （千加元） ...