Proceedings.

BA Energy Inc et al.

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Proceeding
CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
Court
Court of King's Bench of Alberta
File
0801-16292
Filings held73
Last activity7 May 2010
On the record6,474 days
Secured debtSubscribers
OverviewSummary updated

BA Energy Inc. et al. obtained protection under the Companies' Creditors Arrangement Act on 30 December 2008 in the Court of King's Bench of Alberta, on the application of Value Creation Inc. and BA Energy Inc. Ernst & Young Inc. acts as monitor. Toronto-Dominion Bank is stated as a secured creditor for $3,400,000. The proceeding is carried on Action No. 0801-16292.

Claims processIf you are owed money

A claims procedure has been established — see the order for deadlines.

Per the Claims Procedure Order dated 29 April 2009.

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Case updates74 dated entries
#Report

The officer filed report no. Fourteenth Report. The Plan of Arrangement was sanctioned and fully implemented; this report addresses questions from DRCI's counsel regarding the Monitor's Thirteenth Report and prior communications.

Source: 14. Fourteenth Report of Monitor

71 earlier updates, back to 30 December 2008 — subscribers.

Parties

Debtor

BA Energy Inc

Debtor

Value Creation Inc

Monitor

EY

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice RomaineCourt of King's Bench of Alberta13 orders, Dec 2008 – Apr 201066 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorEYFraser Milner Casgrain LLP (now Dentons Canada LLP)24 Apr 2009Application · 24 Apr 2009
DebtorValue Creation IncOsler, Hoskin & Harcourt LLP · Macleod Dixon LLP (now Norton Rose Fulbright Canada LLP)24 Apr 2009Application · 24 Apr 2009
CreditorAux Sable Canada LtdBennett Jones LLP24 Apr 2009Application · 24 Apr 2009
CreditorEnbridge Pipelines (Athabasca) IncMcCarthy Tétrault LLP24 Apr 2009Application · 24 Apr 2009
CreditorHoffman IncBennett Jones LLP24 Apr 2009Application · 24 Apr 2009
CreditorPNR Railworks IncDuncan & Craig LLP24 Apr 2009Application · 24 Apr 2009
CreditorRuhrpumpen IncBennett Jones LLP15 Sep 2009Order · 15 Sep 2009
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredToronto-Dominion Bank · in 48 casesCash collateral securing five letters of credit issued on behalf of BA Energy Inc. — Total value of letters of credit approximately $3.4 million; Court approved Bank to apply cash collateral to drawings on the letters of credit — debtor: BA Energy Inc. · as of 23 Jan 2009$3.4M01. First Report of the Monitor
1 more claim across lower-ranking classesSubscribe to view⁠
Sale processAs stated in the filings

8 transactions · 5 approved · 2 closed · 1 proposed — The Stonefell Terminal Transaction closed12. Twelfth Report of the Monitor · 15 Apr 2010

Parties solicited

37

10. Tenth Report of the Monitor

NDAs signed

19

10. Tenth Report of the Monitor

Letters of intent

5

10. Tenth Report of the Monitor

Bids received

6

10. Tenth Report of the Monitor

PurchaserPriceStatusSource
Rocky Mountain Phoenixall of BA Energy's right, title and interest in and to the Fire Apparatus · asset salenot statedApproved9 Feb 2009Order - Fire Apparatus
Westlund, a division of EMCO Corporatea certain amount of pipe inventory (the 'Assets') · asset sale · agreement 13 Mar 2009SubscribersProposed02. Second Report of the Monitor
end purchasers at auction, unnamedThe assets contemplated to be sold in the Auction Sales Agreement · auctionnot statedApproved29 Jul 2009Order - Stay Extension and Approval of Auction…
Value Creation Inc.Related partythe sale of the Equipment · asset saleSubscribersApproved15 Sep 2009Order- Cancellation of Auction Sales Agreement…
VCIVCI Sale · asset salenot statedApproved07. Seventh Report of the Monitor
MEG Energy Corp.the Assets, including the Lateral Facilities described in Schedule "A" hereto, the Fee Simple Lands described in Schedule "B" hereto and the Terminal Facilities · asset salenot statedApproved18 Mar 2010Approval and Vesting Order
Stonefell Terminal purchaser, unnamedStonefell Terminal · asset saleSubscribersClosed12. Twelfth Report of the Monitor
Unsuccessful Bidder who submitted the Late Bidthe Stonefell Terminal · asset saleSubscribersClosed13 Apr 201012. Twelfth Report of the Monitor
AdvisorsAsset Brokers (auctioneer); Ernst & Young Inc. (sale agent); GoIndustry USA Inc. (auctioneer)06. Sixth Report of the Monitor
Closing termsVesting occurs upon closing of the TransactionApproval and Vesting Order
RecoveriesAs stated in the filings

Unsecured creditors: a distribution. VCI no distribution.Under the plan · sanctionedPlan of Arrangement and Reorganization · 19 Mar 2010

ClassCreditorClaimsRecoveryBasisSource
UnsecuredAffected Creditors—a distributionconditionalUnder the plansanctionedper the debtorPlan of Arrangement and Reorganization · 19 Mar 2010
UnsecuredVCI—no distributionconditionalUnder the plansanctionedper the debtorPlan of Arrangement and Reorganization · 19 Mar 2010

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

Documents
73 filings
DateDocumentFile
14. Fourteenth Report of Monitor
  • Operational summary The Plan of Arrangement was sanctioned and fully implemented; this report addresses questions from DRCI's counsel regarding the Monitor's Thirteenth Report and prior communications.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
13. Thirteenth Report of MonitorPDF · Subscribers
13. Thirteenth Report of Monitor, - Appendices 1-18PDF · Subscribers
13. Thirteenth Report of Monitor, - Appendices 19-34PDF · Subscribers
13. Thirteenth Report of Monitor, - Appendices 35-43PDF · Subscribers
Affidavit No.3 of Scott Kaffka, swornPDF · Subscribers
Notice of Motion - Sanction Order, returnablePDF · Subscribers
Sanction Order
  • Presiding officer Justice B.E.C. Romaine
PDF · Subscribers
12. Twelfth Report of the Monitor
  • Closing confirmed Closed · 13 Apr 2010
  • Purchaser Stonefell Terminal purchaser, unnamed · the Stonefell Terminal · asset sale · closed
  • Sale outcome Sale closed — The Stonefell Terminal Transaction closed
  • Stalking horse Subscribers
PDF · Subscribers
Affidavit of Lino Carrillo - Sanction Order, swornPDF · Subscribers
Affidavit No. 2 of Scott Kaffka, swornPDF · Subscribers
Affidavit of Scott Kaffka, swornPDF · Subscribers
Approval and Vesting Order
  • Closing terms Vesting occurs upon closing of the Transaction
  • Order date 18 March 2010
  • Purchaser MEG Energy Corp. · the Assets, including the Lateral Facilities described in Schedule "A" hereto, the Fee Simple Lands described in Schedule "B" hereto and the Terminal Facilities · asset sale · approved
  • Sale outcome Sale approved — The Purchase and Sale Agreement is hereby ratified and approved.
  • + 1 more extracted fact
PDF · Subscribers
Order
  • Presiding officer Justice B.E.C. Romaine
PDF · Subscribers
Order - File Plan of ArrangementPDF · Subscribers
Plan of Arrangement and Reorganization
  • Recovery outcome Entries: per plan; per plan; per plan; per plan · Table missing:
PDF · Subscribers
Notice of Motion - File Plan of Arrangement, returnablePDF · Subscribers
Notice of Motion - Stonefell, returnablePDF · Subscribers
10. Tenth Report of the Monitor
  • Process results 37 solicited · 19 NDAs · 5 LOIs · 6 bids · as of 14 Sep 2009
  • Purchaser purchaser under the Superior Bid, unnamed in this report · the Stonefell Terminal · asset sale · approved; Unsuccessful Bidder who submitted the Late Bid · the Stonefell Terminal · asset sale · not completed
  • Sale outcome Successful bid selected — Monitor recommends approval of the Superior Bid as the outcome of the Solicitation Process, notwithstanding a later, higher but untimely Late Bid
  • Stalking horse Subscribers
PDF · Subscribers
11. Eleventh Report of the Monitor
  • Purchaser purchaser of the Stonefell Terminal, unnamed · the Stonefell Terminal · asset sale · proposed
  • Recovery outcome Entries: per plan · Stated on: 2010-03-16 · Table missing:
  • Sale outcome Approval pending — Stonefell Terminal sale pending, expected to close next month
  • Stalking horse Subscribers
PDF · Subscribers
Affidavit of Lino Carillo - File Plan of Arrangement, swornPDF · Subscribers
Notice of Motion - Payment Supplemental, returnablePDF · Subscribers
Order - Payment Supplemental
  • Presiding officer Justice B.E.C. Romaine
PDF · Subscribers
Order - Allowance of Certain Late Claims
  • Presiding officer Justice C. A. Kent
PDF · Subscribers
09. Ninth Report of the MonitorPDF · Subscribers
08. Eighth Report of the MonitorPDF · Subscribers
Order - Fourth Stay Extension
  • Presiding officer Justice B.E.C. Romaine
PDF · Subscribers
07. Seventh Report of the Monitor
  • Purchaser VCI · VCI Sale · asset sale · approved; potential buyers of the Stonefell Terminal, unnamed · Stonefell Terminal · real property · proposed
  • Sale outcome Liquidation in progress — Stonefell Terminal sale process ongoing, bids received, closing anticipated January 2010
  • Stalking horse Subscribers
PDF · Subscribers
Consent Order- Ruhrpumpen Inc Lien ClaimPDF · Subscribers
Order- Cancellation of Auction Sales Agreement and Sale Approval and Vesting Order for Sale of Equipment to VCI
  • Order date 15 September 2009
  • Purchaser Value Creation Inc. · the sale of the Equipment · asset sale · approved
  • Stalking horse Subscribers
PDF · Subscribers
Order- Ruhrpumpen Inc Lien Claim
  • Counsel Bennett Jones LLP
  • Presiding officer Justice B.E.C. Romaine
PDF · Subscribers
06. Sixth Report of the Monitor
  • Purchaser Value Creation Inc. (related party) · the Equipment · asset sale · proposed
  • Sale advisor GoIndustry USA Inc. (auctioneer)
  • Sale outcome Approval pending — The Applicant's request to terminate the Auction Sales Agreement with GoIndustry and accept VCI's Offer to purchase the Equipment
  • Stalking horse Subscribers
PDF · Subscribers
Notice of Motion, returnable
  • Counsel McCarthy Tetrault LLP
PDF · Subscribers
Order - Stay Extension and Approval of Auction Sales Agreement
  • Closing terms Auction Sales Agreement authorized and approved; assets to vest free and clear in purchasers with net proceeds standing in place of assets sold
  • Order date 29 July 2009
  • Presiding officer Justice B.E.C. Romaine
  • Purchaser end purchasers at auction, unnamed · The assets contemplated to be sold in the Auction Sales Agreement · auction · approved
  • + 3 more extracted facts
PDF · Subscribers
05. Fifth Report of the Monitor
  • Process results 6 solicited · 2 qualified bids · as of 24 Jul 2009
  • Sale advisor GoIndustry USA Inc. (auctioneer)
  • Sale outcome Approval pending — Proposed auction sale process for Non-essential Assets, with a Commission Agreement being negotiated with GoIndustry
  • Stalking horse Subscribers
PDF · Subscribers
Notice of Motion - Stonefell Sale Process, returnablePDF · Subscribers
Order - Stonefell Sale Process
  • Order date 25 June 2009
  • Sale advisor Ernst & Young Inc. (sale agent)
  • Sale outcome Sale process approved — BA Energy authorized and directed to conduct the sale process respecting the Stonefell terminal facility
  • Break fee Subscribers
  • + 1 more extracted fact
PDF · Subscribers
04. Fourth Report of the Monitor
  • Sale advisor Asset Brokers (auctioneer)
  • Sale outcome Sale process approved — solicitation process for the Stonefell Terminal to commence upon granting of the proposed order
  • Stalking horse Subscribers
PDF · Subscribers
Affidavit of Lino Carrillo, swornPDF · Subscribers
Proof of Claim PackagePDF · Subscribers
Claims Procedure Order
  • Presiding officer Justice B.E.C. Romaine
PDF · Subscribers
Stay Extension Order
  • Presiding officer Justice B.E.C. Romaine
PDF · Subscribers
03. Third Report of the Monitor
  • Sale outcome Marketed — The Applicant is requesting this Honourable Court order Enbridge to complete the final accounting of the TSA and convey the Stonefell Terminal to BA Energy... can immediately begin to formulate, with the assistance of the Monitor, a sale process for the Stonefell Terminal.
  • Stalking horse Subscribers
PDF · Subscribers
Notice of Motion - Claims Procedure
  • Presiding officer Justice B.E.C. Romaine
PDF · Subscribers
Notice of Motion - Enbridge Pipelines
  • Counsel Fraser, Milner Casgrain LLP
PDF · Subscribers
Notice of Motion - Stay Extension
  • Counsel Bennett Jones LLP
PDF · Subscribers
Affidavit of Lino Carrillo - Claims Procedure, swornPDF · Subscribers
Affidavit of Lino Carrillo - Enbridge Pipelines, swornPDF · Subscribers
Affidavit of Lino Carrillo - Stay Extension, swornPDF · Subscribers
Order - Pipe SalePDF · Subscribers
02. Second Report of the Monitor
  • Purchaser Westlund, a division of EMCO Corporate · a certain amount of pipe inventory (the 'Assets') · asset sale · proposed
  • Stalking horse Subscribers
PDF · Subscribers
Amended and Restated Initial Order
  • Applicant Value Creation Inc.
  • Appointee Ernst & Young Inc.
  • Appointee role monitor
  • Commencement date 6 February 2009
  • + 4 more extracted facts
PDF · Subscribers
Order - Fire Apparatus
  • Closing terms BA Energy authorized to complete the Transaction and take ancillary steps
  • Presiding officer Justice B.E.C. Romaine
  • Purchaser Rocky Mountain Phoenix · all of BA Energy's right, title and interest in and to the Fire Apparatus · asset sale · approved
  • Sale outcome Sale approved — the sale process was conducted in a fair and commercially reasonable manner and the purchase price represents the best possible and realizable value for the Fire Apparatus
  • + 1 more extracted fact
PDF · Subscribers
Court Order
Subscribers
PDF · Subscribers
Extension Order
  • Presiding officer Justice B.E.C. Romaine
PDF · Subscribers
01. First Report of the Monitor
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Supp. Affidavit of Dr. Yeung, Exhibit DPDF · Subscribers
Supp. Affidavit of Dr. Yeung, Exhibit EPDF · Subscribers
Supplemental Affidavit of Dr. Yeung, swornPDF · Subscribers
Affidavit of Dr. Yeung, Exhibit APDF · Subscribers
Affidavit of Dr. Yeung, Exhibit FPDF · Subscribers
Affidavit of Dr. Yeung, Exhibit GPDF · Subscribers
Affidavit of Dr. Yeung, Exhibit H (part 1)PDF · Subscribers
Affidavit of Dr. Yeung, Exhibit H (part 2)PDF · Subscribers
Affidavit of Dr. Yeung, Exhibit IPDF · Subscribers
Affidavit of Dr. Yeung, Exhibit JPDF · Subscribers
Affidavit of Dr. Yeung, Exhibit KPDF · Subscribers
Affidavit of Dr. Yeung, Exhibit LPDF · Subscribers
Affidavit of Dr. Yeung, Exhibit MPDF · Subscribers
Affidavit of Dr. Yeung, Exhibit PPDF · Subscribers
Initial Order
  • Applicant Value Creation Inc.
  • Appointee Ernst & Young Inc.
  • Appointee role monitor
  • Commencement date 30 December 2008
  • + 5 more extracted facts
PDF · Subscribers
Petition
  • Applicant Value Creation Inc. and BA Energy Inc.
  • Appointee Ernst & Young Inc.
  • Appointee role monitor
  • Court IN THE COURT OF QUEEN'S BENCH OF ALBERTA
  • + 5 more extracted facts
PDF · Subscribers
Affidavit of Dr. Yeung, swornPDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “BA Energy Inc et al.” (CCAA), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/ba-energy-inc

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Sources last checked · summary updated 3 September 2026 · Report a correction · Printed from proceedings.ca/case/ba-energy-inc

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.