BLZ Energy Ltd is the subject of insolvency proceedings in Alberta, with Ernst & Young Inc. acting as trustee under court file number 25-2282903, commencing on August 16, 2017. The statement of affairs, as at August 15, 2017, stated total assets of $635,215.61 against total liabilities of $19,355,701.58, a deficiency of $18,720,485.97. Walton Global Investments holds a secured claim with a balance of $7,174,072.07, and the largest unsecured claims include Walton Energy Ltd. at $5,381,157.50, Walton Global Investments Ltd. at $4,653,983.19 and the BC Oil & Gas Commission at $752,803.93. The proceeding is active.
A claims procedure has been established — see the order for deadlines.
The officer filed a report. BLZ was not operating any of its wells, facilities or pipelines as at the Assignment Date, having no employees, with former Walton Group personnel continuing to assist the Trustee, and the Trustee is still evaluating BLZ's oil and gas interests before deciding whether to disclaim them.
Source: Trustee Preliminary Report
1 earlier update, back to 16 August 2017 — subscribers.
Debtor
BLZ Energy Ltd
Trustee in bankruptcy
EY
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Walton Global InvestmentsOil & Gas Properties/Interests; Debts Due - Business Accounts Receivable; Office Equipment; Cash on Hand - Chequing ATB Financial; Securities - Stocks, Bonds and other Financial Investments; BCOGC Deposit (all given 01-Aug-2017); total claim amount $7,809,287.68, estimated value of security $635,215.61 — Balance of claim (secured, after value of security applied) as per List 'B' of Statement of Affairs; related party per Statement of Affairs list showing same address as debtor (25th Floor, 215 2nd Street SW, Calgary) — debtor: BLZ Energy Ltd. · as of 15 Aug 2017 | $7.17M | Creditors Package |
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Cash on hand
$0
As at 5 Sep 2017Trustee Preliminary Report
| Date | Document | File |
|---|---|---|
Trustee Preliminary Report
| PDF · Subscribers | |
Creditors Package
| PDF · Subscribers | |
| Proof of Claim and Instructions | PDF · Subscribers | |
Form 19 - 25-2282903 Certificate of Appointment
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “BLZ Energy Ltd” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/blz-energy-ltd
Sources last checked · summary updated 24 August 2026 · Report a correction · Printed from proceedings.ca/case/blz-energy-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.