Proceedings.

Blue Sky Resources Ltd.

Follow
Active
Proceeding
Receivership (court-appointed)section 243(1) of the BIA, and sections 13(2) of the Judicature Act, RSA 2000, c.J-2, 99(a) of the Business Corporations Act, RSA 2000, c.B-9, and 65(7) of the Personal Property Security Act, RSA 2000, c.P-7
File
2601-05153
Filings held101
Last activity6 Aug 2026
On the record227 days
OverviewSummary updated

Blue Sky Resources Ltd., a Calgary-based oil and gas producer operating licensed assets in Alberta, British Columbia and Saskatchewan, filed a notice of intention to make a proposal under subsection 50.4(1) of the Bankruptcy and Insolvency Act on September 24, 2025 in the Court of King's Bench of Alberta. Two approval and vesting orders were pronounced on November 7, 2025, a sale process with a January 29, 2026 bid deadline was approved on November 20, and a third approval and vesting order followed on March 3, 2026. The purchasers named in the proceedings are Canadian Natural Resources Limited, Spur Petroleum Ltd. and Tamarack Valley Energy Ltd. Further orders were granted on October 15, December 17, January 26 and February 3. The proceedings remain active; the proposal trustee's seventh report, dated March 2, 2026, put cumulative receipts at $9,124,849.

Ask in plain language. The answer comes only from this case’s filings, each one cited.
Enter to send · Shift+Enter for a new line
Open this case in Proceedings AI⁠Save your chats, keep long conversations going, and ask across every case.
Case updates101 dated entries
#Sale

The court granted an approval and vesting order for the sale to Altair Energy Ltd. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction of closing conditions, subject to Energy Regulator approval of licence transfers.

Source: Sale Approval and Vesting Order (Altair) filed May 14, 2026

#Sale

The court granted an approval and vesting order. Closing terms, as extracted: Vesting effective upon delivery of Receiver's Closing Certificate confirming payment of the Purchase Price, satisfaction/waiver of closing conditions, and completion of the Transaction, subject to Energy Regulator approval of licence transfers.

Source: Approval and Vesting Order (Sale by Receiver) filed May 14, 2026

#Sale

Second approval and vesting order of the same day, vesting purchased assets free and clear of claims other than permitted encumbrances once closing conditions were satisfied or waived and the transaction completed.

Source: SAVO (Spur) Order filed November 12, 2025

Precedent note

Why a reverse vesting order

On September 15 Justice Myers approved a reverse vesting order while asking whether its reasons were good ones. Across fifteen proceedings this year, the reasons filed come down to permits and licences that take weeks to a year to replace, tax losses and transfer tax, contracts needing consent, a Crown deemed trust, and buyers who would buy no other way.

Outcome brief

Blue Sky Resources: the wells to the lender, the cash to the regulator

The lender took every share of the Calgary oil and gas producer by reverse vesting order for $1.00, with retirement obligations the receiver put above $235 million. The pre-filing claims went to a numbered company whose cash, after the receiver's charge, is bound for the Alberta Energy Regulator.

Parties

Debtor

Blue Sky Resources Ltd.

Proposal trustee · Receiver

KSV

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice JonesCourt of King's Bench of Alberta8 orders, Feb 2026 – Mar 202693 cases on record
Justice FeasbyCourt of King's Bench of Alberta6 orders, May 202639 cases on record
Justice BourqueCourt of King's Bench of Alberta3 orders, Jan 2026 – Mar 202639 cases on record
Justice NeilsonCourt of King's Bench of Alberta3 orders, Nov 202563 cases on record
Justice DunlopCourt of King's Bench of Alberta2 orders, Dec 2025 – Feb 202656 cases on record

Counsel of record

PartyCounselFirst seenSource
Proposal trusteeKSVBennett Jones LLP31 Oct 2025Service list · 31 Oct 2025
DebtorBlue Sky Resources Ltd.DLA Piper (Canada) LLP31 Oct 2025Service list · 31 Oct 2025
Creditor1852797 Alberta ULCNorton Rose Fulbright Canada LLP31 Oct 2025Service list · 31 Oct 2025
CreditorACES Canada SPV III ULCBorden Ladner Gervais LLP31 Oct 2025Service list · 31 Oct 2025
CreditorAltima Energy IncFasken Martineau DuMoulin LLP31 Oct 2025Service list · 31 Oct 2025
CreditorCanadian Natural Resources LimitedOsler, Hoskin & Harcourt LLP31 Oct 2025Service list · 31 Oct 2025
CreditorCargill, IncMcCarthy Tétrault LLP5 Mar 2026Service list · 5 Mar 2026
CreditorCenovus Energy IncLawson Lundell LLP13 Feb 2026Order · 13 Feb 2026
CreditorClear Hills CountyBrownlee LLP31 Oct 2025Service list · 31 Oct 2025
CreditorCourierBurstall Winger Zammit LLP20 Mar 2026Application · 20 Mar 2026
CreditorElite Services LtdMiller Thomson LLP5 Mar 2026Service list · 5 Mar 2026
CreditorEnerplus CorporationBlake, Cassels & Graydon LLP31 Oct 2025Service list · 31 Oct 2025
CreditorFlagstaff CountyBrownlee LLP5 Mar 2026Service list · 5 Mar 2026
CreditorHarvest Operations CorpNorton Rose Fulbright Canada LLP20 Mar 2026Application · 20 Mar 2026
CreditorHarvest Operations Corp. Spoke Resources LtdNorton Rose Fulbright Canada LLP5 Mar 2026Service list · 5 Mar 2026
CreditorJohn (Jake) Burlet and Jennifer BurletKMSC Law LLP20 Mar 2026Application · 20 Mar 2026
CreditorJohn (Jake) Burlet Jennifer BurletKMSC Law LLP5 Mar 2026Service list · 5 Mar 2026
CreditorK-Lynn Trucking LtdBirdsell Grant LLP31 Oct 2025Service list · 31 Oct 2025
CreditorMacquarie Energy Canada LtdOsler, Hoskin & Harcourt LLP5 Mar 2026Service list · 5 Mar 2026
CreditorNorth Ascent Environmental IncKMSC Law LLP31 Oct 2025Service list · 31 Oct 2025
CreditorOrphan Well AssociationMLT Aikins LLP5 Mar 2026Service list · 5 Mar 2026
CreditorOvintiv Canada ULCBlake, Cassels & Graydon LLP13 Feb 2026Order · 13 Feb 2026
CreditorRuel Concrete LtdBryan & Company LLP31 Oct 2025Service list · 31 Oct 2025
CreditorSinopec Canada Energy LtdLawson Lundell LLP5 Mar 2026Service list · 5 Mar 2026
CreditorSydco Energy IncBurstall Winger Zammit LLP5 Mar 2026Service list · 5 Mar 2026
CreditorWheatland CountyBrownlee LLP5 Mar 2026Service list · 5 Mar 2026
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
3Deemed trusts (CRA and other)Canada Revenue Agency · in 985 casesApproximate ('Approximately $800,000'); GST and corporate tax arrears; deemed-trust class quasi-governmental claim — debtor: Blue Sky Resources Ltd.$800KAffidavit of Ilyas Chaudhary filed Oct 9, 2025
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
5PMSI / lessors

1,167 more claims in 3 classes The stack holds Deemed trusts (CRA and other), Secured, PMSI / lessors and Unsecured claims.

Every creditor and every amount, drawn to scale.

Start 5-day trial

Card required. Nothing charged for 5 days. Cancel anytime.

Already a subscriber? Sign in.

See all plans⁠
Sale processAs stated in the filings

19 transactions · 15 closed · 3 approved · 1 proposed — May 14th Transactions closed and RVO Transaction with ACES implemented via ResidualCo bankruptcyTrustee's s Report on Preliminary Administration dated August 5, 2026 · 5 Aug 2026

PurchaserPriceStatusSource
Spur Petroleum Ltd.the Applicant's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · asset sale · nominee/assignee: its nominee · agreement 4 Nov 2025SealedClosed7 Nov 2025Third Report of the Proposal Trustee filed Dec…
Tamarack Valley Energy Ltd.the Purchased Assets · asset sale · agreement 28 Oct 2025SubscribersApproved7 Nov 2025SAVO (Tamarack) Order filed November 12, 2025
Tamarack Valley Energygross overriding royalty interests on certain oil and gas properties in the Wembley area of Alberta · asset sale · agreement 4 Nov 2025SealedClosed12 Nov 2025Third Report of the Proposal Trustee filed Dec…
Baytex Energy Ltd.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · agreement 11 Feb 2026SealedClosed22 Feb 2026Proposal Trustee's Certificate (Baytex), filed…
Peyto Exploration & Development Corp.the Purchased Assets · asset sale · nominee/assignee: its nominee · agreement 13 Feb 2026SealedClosed20 Feb 2026Proposal Trustee's Certificate (Peyto), filed…
Obsidian Energy Ltd.the Obsidian Transaction · asset sale · agreement 13 Feb 2026SealedClosed20 Feb 2026Proposal Trustee's Certificate (Obsidian),…
unnamed party that submitted the Share Offer for all outstanding shares of Blue Skyall the outstanding shares of Blue Sky · share salenot statedProposedSeventh Report of the Proposal Trustee dated…
Canadian Natural Resources Limitedthe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · asset sale · nominee/assignee: its nominee · agreement 27 Feb 2026SubscribersClosed10 Mar 2026Proposal Trustee's Certificate (CNRL) filed…
Baytex Energy Ltd.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · nominee/assignee: its nominee · agreement 18 Feb 2026SealedApproved10 Mar 2026Amended Restated Order - Baytex - of Justice…
Altair Energy Ltd.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · asset sale · nominee/assignee: its nomineenot statedClosedSale Approval and Vesting Order (Altair) filed…
Enercapita Energy Ltd.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · asset sale · nominee/assignee: or its nomineenot statedClosedSale Approval and Vesting Order (Enercapita)…
NVS Engineering Inc.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the ' Purchased Assets ') · asset sale · nominee/assignee: its nominee · agreement 8 May 2026not statedClosedApproval and Vesting Order (Sale by Receiver)…
Prairie Thunder Resources Ltd.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the ' Purchased Assets ') · asset sale · agreement 5 May 2026not statedClosedSale Approval and Vesting Order (Prairie) filed…
Revolution Oil & Gas Corporationthe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · asset sale · nominee/assignee: its nominee · agreement 5 May 2026not statedClosedSale Approval and Vesting Order (Revolution)…
Aces Canada SPV III ULCthe Purchased Shares · share subscription · ResidualCo: 2824644 Alberta Ltd. · agreement 5 Jun 2026not statedClosed17 Jun 2026Receiver's Certificate (Archer) filed June 23,…
Saba Restructuring Ltd.the undertakings, property and assets of the Debtornot statedClosed17 Jun 2026Receiver's Certificate filed July 9, 2026
Archer Exploration Corp.June 12th Transactions · asset salenot statedCloseddate not statedReceiver's Certificate (Archer) filed June 23,…
Potts Petroleum Inc.June 12th Transactions · asset salenot statedApprovedTrustee's s Report on Preliminary…
unnamedMay 14th Transactionsnot statedCloseddate not statedoutside 20 Mar 2026Trustee's s Report on Preliminary…
AdvisorsSayer Energy Advisors (sale agent); Alvarez & Marsal Canada Inc. (financial advisor)SISP Order filed on November 21, 2025
Closing termsDelivery of Receiver's Certificate triggers Effective Time; payment of Purchase Price and satisfaction of conditions confirmed by CertificateTransaction Approval and Reverse Vesting Order filed June 17, 2026
Sealed materialsConfidential Exhibits A and B to the Bouvier Affidavit; Confidential Exhibits 'C' and 'D'; Confidential Appendix '1' to the Second Report (engagement letter for the Sales Agent); unredacted Sale Agreement; unredacted copy of the Sale Agreement; the Sale Agreement; Unredacted copy of the Sale Agreement (Confidential Exhibit 'A' to the Bouvier Affidavit); unredacted Sale Agreement / Confidential Affidavit; Sale Agreement / Confidential AffidavitSAVO (Tamarack) Order filed November 12, 2025
RecoveriesAs stated in the filings

Unsecured creditors: no distribution.EstimatedMinutes of First Meeting of Creditors · 5 Aug 2026

ClassCreditorClaimsRecoveryBasisSource
Secured——shortfallEstimatedBook of Authorities (Blue Sky), filed December 10, 2025 · 10 Dec 2025
UnsecuredResidualCo's creditors—no distributionEstimatedper the trusteeMinutes of First Meeting of Creditors · 5 Aug 2026

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.

Fees and ratesAs stated in the filings

4 engagements · 2 firms — latest: Bennett Jones LLP, in feesFifth Report of the Proposal Trustee filed February 2, 2026 · 2 Feb 2026

FirmPeriodHoursFeesRatesSource
Bennett Jones LLPCounsel to the trusteeperiod 2 of 2——not statedSixth Report of the Proposal Trustee · 13 Feb 2026
Bennett Jones LLPCounsel to the trusteeperiod 1 of 2——not statedFifth Report of the Proposal Trustee filed February 2, 2026 · 2 Feb 2026
KSV Restructuring Inc.Proposal trusteeperiod 2 of 2——not statedSixth Report of the Proposal Trustee · 13 Feb 2026
KSV Restructuring Inc.Proposal trusteeperiod 1 of 2——not statedFifth Report of the Proposal Trustee filed February 2, 2026 · 2 Feb 2026

4 blurred figures above

What each firm billed — each as the filing states it, with its source.

Start 5-day trial

Card required. Nothing charged for 5 days. Cancel anytime.

Already a subscriber? Sign in.

See all plans⁠
Estate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing

As at ·

Cumulative receipts

$452K

As at 2 Mar 2026Seventh Report of the Proposal Trustee dated March 2, 2026

Cash on hand

As at

Professional fees

As at

2 more reported figures, and the 2 totals the debtor stated at filing

Each one as the filing states it, with its source.

Start 5-day trial

Card required. Nothing charged for 5 days. Cancel anytime.

Already a subscriber? Sign in.

See all plans⁠
Documents
101 filings
DateDocumentFile
Minutes of First Meeting of Creditors dated August 6, 2026
  • Recovery outcome Entries: per estimated · Stated on: 2026-08-05 · Table missing:
  • Financial position Subscribers
PDF · Subscribers
Trustee's s Report on Preliminary Administration dated August 5, 2026
  • Closing confirmed Closed · date not stated; Closed · date not stated · Aces Canada SPV III ULC
  • Purchaser Prairie Thunder Resources Ltd. · May 14th Transactions · asset sale · closed; Enercapita Energy Ltd. · May 14th Transactions · asset sale · closed; Altair Energy Ltd. · May 14th Transactions · asset sale · closed; Revolution Oil & Gas Corporation · May 14th Transactions · asset sale · closed; NVS Engineering Inc. · May 14th Transactions · asset sale · closed; Potts Petroleum Inc. · June 12th Transactions · asset sale · approved; Archer Exploration Corp. · June 12th Transactions · asset sale · approved; Canadian Natural Resources Limited · June 12th Transactions · asset sale · approved
  • Sale outcome Sale closed — May 14th Transactions closed and RVO Transaction with ACES implemented via ResidualCo bankruptcy
  • Financial position Subscribers
  • + 1 more extracted fact
PDF · Subscribers
2824644 Alberta Ltd. - Notice to Creditors dated July 20, 2026
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Certificate of Appointment dated July 16, 2026PDF · Subscribers
Receiver's Certificate filed July 9, 2026
  • Closing confirmed Closed · 17 Jun 2026 · Saba Restructuring Ltd.
PDF · Subscribers
Receiver's Certificate (Archer) filed June 23, 2026
  • Closing confirmed Closed · date not stated · Archer Exploration Corp.; Closed · 17 Jun 2026 · ACES Canada SPV III ULC
PDF · Subscribers
Receiver's Certificate filed June 23, 2026
  • Closing confirmed Closed · date not stated · ACES CANADA SPV III ULC
PDF · Subscribers
Certificate of Amendment and Registration of Restated Articles dated June 17, 2026PDF · Subscribers
Receiver's Certificate dated June 17, 2026
  • Closing confirmed Closed · date not stated · ACES CANADA SPV III ULC
PDF · Subscribers
Share Certificate 1C dated June 17, 2026PDF · Subscribers
Transaction Approval and Reverse Vesting Order filed June 17, 2026
  • Closing terms Delivery of Receiver's Certificate triggers Effective Time; payment of Purchase Price and satisfaction of conditions confirmed by Certificate
  • Order date 12 June 2026
  • Purchaser Aces Canada SPV III ULC · the Purchased Shares · share subscription · approved
  • Residualco 2824644 Alberta Ltd.
  • + 2 more extracted facts
PDF · Subscribers
Potts REDLINE - Alberta Template SAVO with Potts SAVOPDF · Subscribers
REDLINE - Alberta Template SAVO with CNRLPDF · Subscribers
Supplement to Second Report of the Receiver dated June 11, 2026PDF · Subscribers
Application by Receiver dated June 5, 2026PDF · Subscribers
Bench Brief of the Receiver dated June 5, 2026PDF · Subscribers
Second Report of the Receiver dated June 5 2026PDF · Subscribers
Subscription Agreement dated June 5, 2026PDF · Subscribers
Approval and Vesting Order (Sale by Receiver) filed May 14, 2026
  • Closing terms Vesting effective upon delivery of Receiver's Closing Certificate confirming payment of the Purchase Price, satisfaction/waiver of closing conditions, and completion of the Transaction, subject to Energy Regulator approval of licence transfers.
  • Order date 13 May 2026
  • Presiding officer Justice C.J. Feasby
  • Purchaser NVS Engineering Inc. · nominee/assignee its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the ' Purchased Assets ') · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Order (Sealing, Approving Receiver's Actions and Professional Fees) filed May 14, 2026
  • Presiding officer Justice C. Feasby
PDF · Subscribers
Sale Approval and Vesting Order (Altair) filed May 14, 2026
  • Closing terms Vesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction of closing conditions, subject to Energy Regulator approval of licence transfers.
  • Order date 13 May 2026
  • Presiding officer Justice C.J. Feasby
  • Purchaser Altair Energy Ltd. · nominee/assignee its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order (Enercapita) filed May 14, 2026
  • Closing terms Vesting occurs upon delivery of the Receiver's Closing Certificate, subject to Energy Regulator approval of licence transfers
  • Order date 13 May 2026
  • Presiding officer Justice C.J. Feasby
  • Purchaser Enercapita Energy Ltd. · nominee/assignee or its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · asset sale · approved
  • + 1 more extracted fact
PDF · Subscribers
Sale Approval and Vesting Order (Prairie) filed May 14, 2026
  • Closing terms Vesting effective upon delivery of the Receiver's Closing Certificate, subject to Alberta Energy Regulator approval of licence transfers
  • Order date 13 May 2026
  • Presiding officer Justice C.J. Feasby
  • Purchaser Prairie Thunder Resources Ltd. · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the ' Purchased Assets ') · asset sale · approved
  • + 1 more extracted fact
PDF · Subscribers
Sale Approval and Vesting Order (Revolution) filed May 14, 2026
  • Closing terms Vesting effective upon delivery of the Receiver's Closing Certificate, subject to Energy Regulator approval of license transfers.
  • Order date 13 May 2026
  • Presiding officer Justice C.J. Feasby
  • Purchaser Revolution Oil & Gas Corporation · nominee/assignee its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Application with Schedules dated May 7, 2026PDF · Subscribers
First Report of the Receiver dated May 7 2026PDF · Subscribers
Consent Order filed April 14, 2026PDF · Subscribers
Notice and Statement of the Receiver dated April 1, 2026PDF · Subscribers
Receivership Order filed on March 24, 2026
  • Applicant ACES CANADA SPV III ULC
  • Appointee KSV Restructuring Inc.
  • Appointee role receiver and manager
  • Commencement date 23 March 2026
  • + 5 more extracted facts
PDF · Subscribers
Factum of the Respondent - Canadian Natural Resources Limited - Appeal No. 2601-0036AC, filed March 23, 2026PDF · Subscribers
REDLINE - Alberta Template SAVO with ArcherPDF · Subscribers
Affidavit of Ann Bullock swoen March 20, 2026PDF · Subscribers
Affidavit of David O'Driscoll sworn March 20, 2026PDF · Subscribers
Application for the Appointment of a Receiver filed March 20, 2026
  • Counsel Brownlee LLP
PDF · Subscribers
Bench Brief of the Applicant filed March 20, 2026PDF · Subscribers
Consent to Act as Receiver and Manager filed March 20, 2026PDF · Subscribers
Proposal Trustee's Certificate (CNRL) filed March 11, 2026
  • Closing confirmed Closed · 10 Mar 2026 · Canadian Natural Resources Limited
PDF · Subscribers
Amended Restated Order - Baytex - of Justice Jones, pronounced March 10, 2026 and filed March 11, 2026
  • Closing terms Vesting upon delivery of the Trustee's Closing Certificate
  • Order date 10 March 2026
  • Presiding officer Justice Jones
  • Purchaser Baytex Energy Ltd. · nominee/assignee its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
  • + 3 more extracted facts
PDF · Subscribers
Amended Restated Order-PEYTO of Justice Jones, pronounced March 10, 2026 and filed March 11, 2026
  • Closing terms Vesting occurs upon delivery of the Trustee's Closing Certificate to the Purchaser
  • Order date 10 March 2026
  • Presiding officer Justice Jones
  • Purchaser Peyto Exploration & Development Corp. · nominee/assignee its nominee · the Purchased Assets · asset sale · approved
  • + 3 more extracted facts
PDF · Subscribers
Service List dated March 5, 2026
  • Counsel Brownlee LLP
PDF · Subscribers
Approval and Vesting Order filed March 4, 2026
  • Closing terms Vesting occurs upon delivery of the Trustee's Closing Certificate confirming payment of the Purchase Price and satisfaction/waiver of closing conditions.
  • Order date 3 March 2026
  • Presiding officer Justice M. H. Bourque
  • Purchaser Canadian Natural Resources Limited · nominee/assignee its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · asset sale · approved
  • + 3 more extracted facts
PDF · Subscribers
Seventh Report of the Proposal Trustee dated March 2, 2026
  • Closing confirmed Closed · date not stated · Baytex Energy Ltd., Obsidian Energy Ltd., and Peyto Exploration & Development Corp
  • Operational summary Blue Sky operates as an oil and gas producer from its headquarters in Calgary, Alberta, operating its licensed assets throughout Alberta, British Columbia and Saskatchewan.
  • Cash on hand · Professional fees Subscribers
  • + 7 more extracted facts
PDF · Subscribers
Affidavit of Mike Bouvier sworn February 27, 2026PDF · Subscribers
Affidavit of Mike Bouvier, sworn February 25, 2026PDF · Subscribers
Application of Blue Sky dated February 25, 2026PDF · Subscribers
Proposal Trustee's Certificate (Baytex), filed Feb. 25, 2026
  • Closing confirmed Closed · 22 Feb 2026 · Baytex Energy Ltd.
PDF · Subscribers
Proposal Trustee's Certificate (Obsidian), filed Feb. 25, 2026
  • Closing confirmed Closed · 20 Feb 2026 · Obsidian Energy Ltd.
PDF · Subscribers
Proposal Trustee's Certificate (Peyto), filed Feb. 25, 2026
  • Closing confirmed Closed · 20 Feb 2026 · Peyto Exploration & Development Corp.
PDF · Subscribers
Order (Administration Charge Amendment & Sealing Order) of Justice Jones, pronounced Feb.18, 2026 and filed Feb. 19, 2026
  • Presiding officer Justice Jones
PDF · Subscribers
Order filed February 19, 2026
  • Presiding officer Justice C.M. Jones
PDF · Subscribers
SAVO (Baytex) of Justice Jones, pronounced Feb. 18, 2026 and filed Feb. 19, 2026
  • Closing terms Vesting occurs upon delivery of the Trustee's Certificate confirming payment of the Purchase Price and satisfaction/waiver of closing conditions
  • Order date 18 February 2026
  • Presiding officer Justice Jones
  • Purchaser Baytex Energy Ltd. · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
SAVO (Obsidian) of Justice Jones, pronounced Feb. 18, 2026 and filed Feb. 19, 2026
  • Closing terms Vesting occurs upon delivery of the Trustee's Closing Certificate confirming payment of the Purchase Price and satisfaction of closing conditions.
  • Order date 18 February 2026
  • Presiding officer Justice Jones
  • Sale outcome Sale approved — The Transaction is approved by this order.
  • + 2 more extracted facts
PDF · Subscribers
SAVO (Peyto) of Justice Jones, pronounced Feb. 18, 2026 and filed Feb. 19, 2026
  • Closing terms Vesting effective upon delivery of the Trustee's Closing Certificate confirming payment of the Purchase Price and satisfaction of closing conditions.
  • Order date 18 February 2026
  • Presiding officer Justice Jones
  • Purchaser Peyto · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Supplemental Affidavit #2 of Mike Bouvier, sworn and filed on February 18, 2026PDF · Subscribers
Application by Proposal Trustee dated February 13, 2026PDF · Subscribers
Order - Justice Bourque filed February 13, 2026
  • Counsel Lawson Lundell LLP
  • Court Court of King's Bench of Alberta
  • Debtor names Blue Sky Resources Ltd.
  • Order date 26 January 2026
  • + 2 more extracted facts
PDF · Subscribers
Sixth Report of the Proposal Trustee dated February 13 2026
  • Operational summary Blue Sky, a corporation registered in accordance with the laws of Alberta, operates as an oil and gas producer from its headquarters in Calgary, Alberta, operating licensed assets throughout Alberta, British Columbia and Saskatchewan.
  • Process results 53 LOIs · as of 29 Jan 2026
  • Cash on hand · Fee schedule Subscribers
  • + 8 more extracted facts
PDF · Subscribers
Affidavit of Mike Bouvier, sworn February 11, 2026PDF · Subscribers
Application - Administration Charge, Sale Approval & Sealing Order dated February 11, 2026
  • Counsel How: operator-correction · Firm: Dla Piper LLP · Firm party id: 059197f0-4366-4066-8756-527e0d17521f
  • Presiding officer Justice C.M. Jones
PDF · Subscribers
Civil Notice of Appeal filed February 4, 2026PDF · Subscribers
Order (Stay Extension) granted on February 3, 2026 and filed February 9, 2026
  • Court Court of King's Bench of Alberta
  • Debtor names Blue Sky Resources Ltd.
  • Order date 3 February 2026
  • Presiding officer Justice G. S. Dunlop
  • + 2 more extracted facts
PDF · Subscribers
Affidavit of Anu Andiwada sworn February 2, 2026PDF · Subscribers
Application by Proposal Trustee filed February 2, 2026PDF · Subscribers
Fifth Report of the Proposal Trustee filed February 2, 2026
  • Operational summary The Company’s receipts during the Period are comprised largely of proceeds from the operation of the Company’s producing licensed assets.
  • Cash on hand · Fee schedule · Professional fees Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Application filed January 29, 2026PDF · Subscribers
Affidavit of Mike Bouvier, sworn January 28, 2026 and filed Jananuar 29, 2026PDF · Subscribers
Notice of Intention to Make a Proposal - Material Adverse Change Report dated January 26, 2026PDF · Subscribers
Reasons for Decision dated January 26, 2026
  • Presiding officer Justice M.H. Bourque
PDF · Subscribers
Fourth Report of the Proposal Trustee filed January 13, 2026
  • Operational summary The Company’s receipts during the Period are comprised largely of proceeds from the operation of the Company’s producing licensed assets. Projected disbursements are primarily for funding the Company’s operations, payroll, insurance, contractor payments, utilities, rent, and other operating expenses and professional fees.
  • Cash on hand · Professional fees · Receipts cumulative Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Letter to Justice Bourque, cc to Service List dated January 12, 2026PDF · Subscribers
Reply Brief of the Applicant, Canadian Natural, filed January 12, 2026PDF · Subscribers
Responding Written Submission filed January 12, 2026PDF · Subscribers
Supplemental Affidavit of Wayne Taljit filed January 12, 2026PDF · Subscribers
Bench Brief of Cenovus Energy Inc filed January 6, 2026PDF · Subscribers
Order (Stay Extension) of Justice Dunlop, granted on December 17, 2025 and filed January 5, 2026
  • Court Court of King's Bench of Alberta
  • Debtor names Blue Sky Resources Ltd.
  • Order date 17 December 2025
  • Presiding officer Justice Dunlop
  • + 2 more extracted facts
PDF · Subscribers
Third Report of the Proposal Trustee filed Dec 16, 2025
  • Closing confirmed Closed · 12 Nov 2025 · Tamarack Valley Energy; Closed · 7 Nov 2025 · Spur Petroleum Ltd.
  • Process results 2650 solicited · as of 8 Dec 2025
  • Cash on hand · Operational summary Subscribers
  • + 8 more extracted facts
PDF · Subscribers
Affidavit of Wayne Taljit sworn December 12, 2025PDF · Subscribers
Affidavit of Mike Bouvier, sworn and filed on December 10, 2025PDF · Subscribers
Application, filed December 10, 2025PDF · Subscribers
Bench Brief of the Applicants, filed December 10, 2025PDF · Subscribers
Book of Authorities (Blue Sky), filed December 10, 2025
  • Recovery outcome Entries: per estimated; per estimated · Table missing:
PDF · Subscribers
SISP Order filed on November 21, 2025
  • Bid deadline 29 January 2026
  • Order date 20 November 2025
  • Outside date 20 March 2026
  • Break fee Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Affidavit of Erin Lunn sworn November 14, 2025PDF · Subscribers
Application dated November 14, 2025PDF · Subscribers
Order (Interim Financing, Approval of Sales Agent and Extension of Time to Filed Proposal) filed November 13, 2025
  • Court Court of King's Bench of Alberta
  • Debtor names Blue Sky Resources Ltd.
  • Order date 7 November 2025
  • Presiding officer Justice J.T. Neilson
  • + 4 more extracted facts
PDF · Subscribers
SAVO (Spur) Order filed November 12, 2025
  • Closing terms Vesting occurs upon delivery of the Proposal Trustee's Closing Certificate
  • Order date 7 November 2025
  • Presiding officer Justice J. T. Neilson
  • Purchaser Spur Petroleum Ltd. · nominee/assignee its nominee · the Applicant's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · asset sale · approved
  • + 3 more extracted facts
PDF · Subscribers
SAVO (Tamarack) Order filed November 12, 2025
  • Closing terms Vesting effective upon delivery of a Closing Certificate by the Proposal Trustee confirming payment of Purchase Price, satisfaction/waiver of conditions, and completion of the Transaction.
  • Order date 7 November 2025
  • Presiding officer Justice J. T. Neilson
  • Purchaser Tamarack Valley Energy Ltd. · the Purchased Assets · asset sale · approved
  • + 3 more extracted facts
PDF · Subscribers
Affidavit of Joe DeVries filed November 6, 2025PDF · Subscribers
Affidavit of Mike Bouvier without Confidential Exhibits sworn November 4, 2025PDF · Subscribers
Amended Application dated November 4, 2025PDF · Subscribers
Second Report of the Proposal Trustee dated November 4, 2025
  • Operational summary Blue Sky, a corporation registered in accordance with the laws of Alberta, operates as an oil and gas producer from its headquarters in Calgary, Alberta. The Company operates its licensed assets throughout Alberta, British Columbia and Saskatchewan.
  • Purchaser Tamarack Valley Energy · gross overriding royalty interests on certain oil and gas properties in the Wembley area of Alberta · asset sale · proposed; Spur Petroleum Ltd. · gross overriding royalty interests on certain oil and gas properties in the Wembley area of Alberta · asset sale · proposed
  • Cash on hand · Professional fees Subscribers
  • + 6 more extracted facts
PDF · Subscribers
Application filed October 31, 2025PDF · Subscribers
Service List dated October 31, 2025
  • Counsel Birdsell Grant LLP
PDF · Subscribers
Affidavit of Mike Bouvier sworn October 30, 2025 and filed October 31, 2025PDF · Subscribers
Order (Extension of Time to File Proposal and Administration Charge) filed October 23, 2025
  • Court Court of King's Bench of Alberta
  • Debtor names Blue Sky Resources Ltd.
  • Order date 15 October 2025
  • Presiding officer Justice D. Mah
  • + 2 more extracted facts
PDF · Subscribers
First Report of Proposal Trustee dated October 10, 2025
  • Operational summary The Company holds licenses for 3,651 wells, 2,566 pipelines, and 748 facilities spread across Alberta, British Columbia and Saskatchewan; daily oil and gas production is approximately 2,850 boe.
  • Cash on hand · Professional fees · Receipts cumulative Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Affidavit of Ilyas Chaudhary filed Oct 9, 2025
PDF · Subscribers
Application - Stay Extension and Administration Charge filed Oct 9, 2025
  • Appointee KSV Restructuring Inc.
  • Appointee role Proposal Trustee
  • Court COURT OF KING’S BENCH OF ALBERTA
  • Court file no 25-3276975
  • + 4 more extracted facts
PDF · Subscribers
Blue Sky Resources Ltd. - Notice to CreditorsPDF · Subscribers
Creditor Listing dated September 29, 2025
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Certificate for the Notice of Intention dated September 24, 2025PDF · Subscribers

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

CiteProceedings., “Blue Sky Resources Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/blue-sky-resources-ltd

Sources last checked · summary updated 5 August 2026 · Report a correction · Printed from proceedings.ca/case/blue-sky-resources-ltd

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.

Blue Sky Resources Ltd. — Receivership | Proceedings.