Proceedings.

Canacol Energy Ltd. and a group of related entities

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Active
Proceeding
CCAACCAA
Court
Court of King's Bench of Alberta
File
2501-18462
Filings held355
Last activity24 Aug 2026
On the record307 days
Secured debt$3.95M
OverviewSummary updated

Canacol Energy Ltd. and a group of related entities have been under CCAA protection since November 18, 2025, and the stay of proceedings has been extended successively, most recently to September 30, 2026. A sale and investment solicitation process ran to a Phase 1 deadline of March 9, 2026 and a bid deadline of April 6, 2026, with Macquarie and the lenders under the Revolving Syndicated Credit Facility being consulted on Phase 2 bids. On April 13, 2026, Promigas S.A. E.S.P. drew USD 3.95 million on the letter of credit securing CNE Oil & Gas S.A.S.'s obligations under the Low-Volume Ship-or-Pay Contract. Macquarie has pursued a Colombian tutela, and successfully appealed a ruling denying it, contesting recognition of the DIP financing and the priority of the DIP Lenders' Charge.

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Case updates353 dated entries · 3 undated
#Report

The officer filed report no. Eighth Report. The Applicants continue operating in the ordinary course while pursuing the SISP and negotiating amendments to certain key contracts (the Subject Agreements); cash flow has exceeded forecast due to stronger gas production and favourable vendor terms, but liquidity is expected to deteriorate as production declines absent a successful transaction or additional DIP financing.

Source: Eighth Report of the Monitor - 2026.06.15

Undated filings3 — no date appears on the document · show
—
Report

Documento Preguntas y Respuestas Restructuración Supervisada por la Corte Canacol Energy Ltd — Court officer report filed

PDF

—
Filing

Motion to Schedule Recognition Hearing — Application filed

PDF

—
Filing

Sustitución De Poder - 12.1.2025 (Spanish only) — Application filed

PDF

AnalysisAll insights⁠

Case update

Canacol: hardship was inevitable, so the court allocated it

A Calgary judge has held that long-term Colombian gas supply contracts are not eligible financial contracts, and may be disclaimed under s. 32 of the CCAA. Along the way he found that the hardship the counterparties complained of belonged to their customers rather than to them, that a shortfall was coming either way, and that a pipeline company facing an empty pipe was not credible in claiming hardship.

Parties

Debtor

Canacol Energy Ltd. and a group of related entities

Monitor

KPMG

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice FeasbyCourt of King's Bench of Alberta6 orders, Jun 2026 – Jul 202621 cases on record
Justice MahCourt of King's Bench of Alberta5 orders, Dec 2025 – Jun 202657 cases on record
Justice BourqueCourt of King's Bench of Alberta3 orders, Nov 2025 – Mar 202628 cases on record
Justice KuntzCourt of King's Bench of Alberta2 orders, Apr 20268 cases on record
Justice JohnstonCourt of King's Bench of Alberta2 orders, Nov 202532 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorKPMGBennett Jones LLP · Pachulski Stang Ziehl & Jones LLP15 Jan 2026Service list · 21 Jul 2026
DebtorCanacol Energy Ltd. and a group of related entitiesCrawley MacKewn Brush LLP · Miller Thomson LLP21 Jul 2026Service list · 21 Jul 2026
Foreign representativePachulski Stang Ziehl & Jones LLP—Application
CreditorAlfredo ChamatFasken Martineau DuMoulin LLP24 Aug 2026Service list · 24 Aug 2026
Creditoran Ad Hoc Committee of Canacol Senior Note HoldersCassels Brock & Blackwell LLP21 May 2026Affidavit · 21 May 2026
CreditorAtinkana S.A.SChaitons LLP13 May 2026Affidavit · 13 May 2026
CreditorAtinkana S.A.S. E.S.PChaitons LLP13 May 2026Affidavit · 13 May 2026
CreditorCarrera 51B No. 80-58 Of. 801B, Barranquilla Colombia. Alberto Enrique Maradey GoetheFasken Martineau DuMoulin LLP21 Jul 2026Service list · 21 Jul 2026
CreditorCavengas Holdings S.R.LBorden Ladner Gervais LLP21 May 2026Affidavit · 21 May 2026
CreditorCitibank N.AMcMillan LLP21 May 2026Affidavit · 21 May 2026
CreditorClaudia Patricia Laguado Escalante, Jorge Manuel Lizarazo Regueros, Anderson Yesid Moreno Address: Calle 10 #5-84. Edificio Seade. Oficina 201. City: Cúcuta, NoMLT Aikins LLP17 Aug 2026Service list · 17 Aug 2026
CreditorCoreX EnergyMcMillan LLP14 May 2026Service list · 14 May 2026
CreditorCorex Energy S.A.SMcMillan LLP8 Jul 2026Factum · 8 Jul 2026
CreditorDiego Rosado Zúñiga Calle 77B No 59 -61 Oficina 1001 City: BarranquillaChaitons LLP21 Jul 2026Service list · 21 Jul 2026
CreditorDIP AgentWinston & Strawn LLP21 May 2026Affidavit · 21 May 2026
CreditorEnerflex LtdOsler, Hoskin & Harcourt LLP21 May 2026Affidavit · 21 May 2026
CreditorFelipe Ferreira Trujillo Calle 127 # 14-54 Ofc 413 City: Bogotá D.CChaitons LLP21 Jul 2026Service list · 21 Jul 2026
CreditorGas Hub S.A.SChaitons LLP13 May 2026Affidavit · 13 May 2026
CreditorGas Hub S.A.S. E.S.PChaitons LLP13 May 2026Affidavit · 13 May 2026
CreditorGases de Oriente S.A. E.S.PMLT Aikins LLP17 Aug 2026Service list · 17 Aug 2026
CreditorGrupo Energetico De LasChaitons LLP13 May 2026Affidavit · 13 May 2026
CreditorGrupo Energético de LAS Américas S.A.S. E.S.PChaitons LLP21 Jul 2026Service list · 21 Jul 2026
CreditorHalliburton Latin America SRL Sucursal ColombiaNorton Rose Fulbright Canada LLP21 May 2026Affidavit · 21 May 2026
CreditorHumberto Botero calle 77B No. 59-61 Of 1001 City: BarranquillaChaitons LLP21 Jul 2026Service list · 21 Jul 2026
CreditorKodiak Services International IncBurnet Duckworth & Palmer LLP21 May 2026Affidavit · 21 May 2026
CreditorMacquarie Bank LtdGoodmans LLP10 Dec 2025Factum · 10 Dec 2025
CreditorNG Energy International CorpThornton Grout Finnigan LLP21 May 2026Affidavit · 21 May 2026
CreditorPetromil GAS S.A.S. E.S.PFasken Martineau DuMoulin LLP21 Jul 2026Service list · 21 Jul 2026
CreditorPromigas S.ABorden Ladner Gervais LLP19 May 2026Factum · 19 May 2026
CreditorPromigas, S.A., E.S.PBorden Ladner Gervais LLP21 Jul 2026Service list · 21 Jul 2026
CreditorQMAX SOLUTIONS COLOMBIA 1018, Ac 100 #8A49 Bogotá, Colombia Diego MarquezLoopstra Nixon LLP21 May 2026Affidavit · 21 May 2026
CreditorRevolving Credit FacilityBlake, Cassels & Graydon LLP21 May 2026Affidavit · 21 May 2026
CreditorSpecial New York counsel Macquarie Bank LtdSkadden, Arps, Slate, Meagher & Flom LLP21 May 2026Affidavit · 21 May 2026
CreditorSurtigas S.A.S. E.S.PBorden Ladner Gervais LLP21 Jul 2026Service list · 21 Jul 2026
CreditorTenaris Tubocaribe LtdMcMillan LLP17 Aug 2026Service list · 17 Aug 2026
CreditorWeatherford InternationalBorden Ladner Gervais LLP21 Jul 2026Service list · 21 Jul 2026
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredPromigas S.A. E.S.P.Letter of credit ('Carta de Crédito Promigas') securing CNE O&G Colombia's obligations under the Low-Volume Ship-or-Pay Contract (Contrato SoP de Bajo Volumen); separately, under the Promigas Trust Agreement (Contrato Fiduciario Promigas) applicable to the High-Volume Ship-or-Pay Contract, gas-transport revenues are collected and applied first to amounts owed to Promigas before any balance is released to CNE O&G Colombia — Exact dated draw of $3.95 million on the Low-Volume SoP letter of credit, per the Seventh Report. The Eighth Report's cash-flow variance analysis describes the same April le · as of 13 Apr 2026$3.95M USDOctavo Informe - 2026.06.15
SecuredLenders under the Revolving Syndicated Credit Facility (Línea de Crédito Sindicada Revolvente)Referenced only as lenders being consulted, together with Macquarie, on Phase 2 SISP bids; facility amount and security terms are not stated in these pages. — debtor: Canacol Energy Ltd. and affiliated Applicants—Octavo Informe - 2026.06.15
SecuredMacquarieMacquarie pursued a Colombian tutela and successfully appealed a ruling denying it, contesting recognition of the DIP Financing and the priority ('prelación') of the DIP Lenders' Charge — indicating it asserts a competing pre-filing interest, though the amount/nature of that interest is not stated in these pages. Also named (together with the Revolving Syndicated Credit Facility lenders) as a party being consulted on Phase 2 SISP bids. — debtor: Canacol Energy Ltd. and affiliated Applicants—Octavo Informe - 2026.06.15

“not stated” means the record names the claim without a figure; “—” means not in the extracted record.

Sale processAs stated in the filings

Approval pending — The Applicants, the CRO, the Sale Advisor and the Monitor are continuing to review the bids, in consultation with the Ad Hoc Committee, ahead of the July 6, 2026, extended deadline for identifying Phase 2 Qualified Bids and a Successful Bid(s) under the SISP.Ninth Report of the Monitor - 2026.07.06 · 6 Jul 2026

Letters of intent

10

Ninth Report of the Monitor - 2026.07.06

Bids received

4

Ninth Report of the Monitor - 2026.07.06

Bid deadline

6 April 2026

SISP Procedures - 2026.01.26

Phase 1 deadline

9 March 2026

SISP Procedures - 2026.01.26

Stalking horse

Named

Ninth Report of the Monitor - 2026.07.06

AdvisorsMoelis & Company LLC (financial advisor)Ninth Report of the Monitor - 2026.07.06
Sealed materialsEngagement Letter with Sale Advisor (Confidential Exhibit 1 to Bednar Affidavit)Sales Process Approval and Other Relief Order - 2026.01.26
RecoveriesAs stated in the filings

Unsecured creditors: 52 %.Under the planBOA Permission to Appeal - 2026.01.02 · 2 Jan 2026

ClassCreditorClaimsRecoveryBasisSource
Unsecured——52 %Under the planBOA Permission to Appeal - 2026.01.02 · 2 Jan 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.

Estate financialsReported figures — never derived
Total assets at filing$1.29B USD

As at 30 Sep 2025 · per Unaudited Q3 Interim Condensed Consolidated Financial Statements / MD&A comparative summary (tabular amounts in thousands) · Consolidated Canacol Energy Ltd. and its subsidiaries (Canacol Group) — Total liabilities not stated as a single aggregate figure in the extracted pages. Affidavit (p.16) discloses component current liabilities as at Q3 Interim Financial Statements: current portion of long-term debt $42.172M, trade and other payables $107.607M, deferred income $21.202M, lease obligations $4.563M, taxes payable $7.744M, long-term incentive compensation liabilities $2.056M, other long-term obligations $1.337M; and non-current liabilities: long-term debt $672.200M, lease obligations $4.271M, decommissioning obligations $26.861M, deferred tax liabilities $9.583M, long-term incentive c

Cumulative receipts

$39.7M USD

As at 15 Jun 2026Eighth Report of the Monitor - 2026.06.15

Cumulative disbursements

$53.9M USD

As at 15 Jun 2026Eighth Report of the Monitor - 2026.06.15

Cash on hand

$23.3M USD

As at 15 Jun 2026Eighth Report of the Monitor - 2026.06.15

Professional fees to date

$7.27M USD

As at 15 Jun 2026Eighth Report of the Monitor - 2026.06.15

Documents
355 filings
DateDocumentFile
Service list - 2026.08.24
  • Counsel Goodmans LLP
PDF
Service list - 2026.08.17
  • Counsel Borden Ladner Gervais LLP
PDF
Service list - 2026.07.21
  • Counsel Crawley MacKewn Brush LLP
PDF
Application for Permission to Appeal - 2026.07.16PDF
Application for Permission to Appeal - Promigas - 2026.07.15PDF
Application for Permission to Appeal - Various - 2026.07.15PDF
Sealing Order - 2026.07.13
  • Presiding officer Justice Feasby
PDF
Sealing Order and Other Relief Order - 2026.07.13
  • Presiding officer Justice Feasby
PDF
Application - 2026.07.02PDF
Stay Extension Order - 2026.07.09
  • Order date 9 July 2026
  • Presiding officer Justice Marion
  • Stay extended to 30 September 2026
PDF
Bench Brief of Law - 2026.07.08
  • Counsel McMillan LLP
PDF
Ninth Report of the Monitor - 2026.07.06
  • Process results 10 LOIs · 4 bids · as of 10 Jun 2026
  • Sale advisor Moelis & Company LLC (financial advisor)
  • Sale outcome Approval pending — The Applicants, the CRO, the Sale Advisor and the Monitor are continuing to review the bids, in consultation with the Ad Hoc Committee, ahead of the July 6, 2026, extended deadline for identifying Phase 2 Qualified Bids and a Successful Bid(s) under the SISP.
  • Secured creditors Note: Referred to in the Third AR DIP Loan Agreement as the 'Pre-CCAA Filing Macquarie Indebtedness'; no balance amount stated; share certificates held by Credicorp as collateral agent for Macquarie Bank · Page: 147 · As of: Pre-CCAA Filing Macquarie Indebtedness · Debtor: Loan Parties (Canacol Group entities) · Creditor: Macquarie Bank (through Credicorp as collateral agent for Macquarie Bank) · Currency: USD · Security: Liens over properties and assets of the Loan Parties, including a pledge of shares/ownership interests, granted in favour of Macquarie Bank or Credicorp as collateral agent for Macquarie Bank
  • + 1 more extracted fact
PDF
Affidavit of Jason Bednar - 2026.07.02PDF
Book of Authorities - 2026.07.02PDF
Canaven Agreement Disclaimer Order - 2026.06.24
  • Presiding officer Justice Feasby
PDF
Dual Category Offtake Agreement Disclaimer Order - 2026.06.24
  • Presiding officer Justice Feasby
PDF
Essential Demand Offtake Agreement Disclaimer Order - 2026.06.24PDF
Non-Essential Offtake Agreement Disclaimer Order - 2026.06.24
  • Presiding officer Justice Feasby
PDF
Promigas Agreement Disclaimer Order - 2026.06.24
  • Presiding officer Justice Feasby
PDF
Reasons for Decision - 2026.06.24PDF
Form of Order - Stay Extension Order - 2026.06.11
  • Order date 17 June 2026
  • Presiding officer Justice D. Mah
  • Stay extended to 10 July 2026
PDF
Stay Extension Order - 2026.06.18
  • Order date 17 June 2026
  • Presiding officer Justice D. Mah
  • Stay extended to 10 July 2026
PDF
Eighth Report of the Monitor - 2026.06.15
  • Cash on hand $23.3M USD · Note: Includes approximately $2.3 million held in the Promigas Trust (which cannot be accessed by the Applicants) and unrestricted cash of approximately $21.0 million; $1.0 million lower than forecast. · As at: 2026-06-06 · Qualifier: approximately
  • Disbursements $53.9M USD · Note: Total operating disbursements for the 9-week period ended June 6, 2026, versus forecast of $67,491 thousand. · Since: April 5, 2026
  • Operational summary The Applicants continue operating in the ordinary course while pursuing the SISP and negotiating amendments to certain key contracts (the Subject Agreements); cash flow has exceeded forecast due to stronger gas production and favourable vendor terms, but liquidity is expected to deteriorate as production declines absent a successful transaction or additional DIP financing.
  • Process results 10 LOIs · 4 bids · as of 10 Jun 2026
  • + 7 more extracted facts
PDF
Octavo Informe - 2026.06.15
  • Process results 10 LOIs · 4 bids · as of 10 Jun 2026
  • Sale advisor Moelis & Company LLC (financial advisor)
  • Sale outcome Liquidation in progress — SISP ongoing, four bids received under review, contingent alternatives being pursued including credit bid or liquidation
  • Secured creditors Note: Referenced only as lenders being consulted, together with Macquarie, on Phase 2 SISP bids; facility amount and security terms are not stated in these pages. · Page: 15 · Debtor: Canacol Energy Ltd. and affiliated Applicants · Creditor: Lenders under the Revolving Syndicated Credit Facility (Línea de Crédito Sindicada Revolvente) · Currency: USD
PDF
Affidavit of Jason Bednar - 2026.06.11PDF
Application - 2026.06.11PDF
Bench Brief of Law - 2026.06.11PDF
Book of Authorities - 2026.06.11PDF
Noveno Informe - 2026.07.06PDF
Bench Brief - 2026.05.29PDF
Book of Authorities - 2026.05.29PDF
Reply Bench Brief of Law - 2026.05.29PDF
Affidavit of Elvina Hussein - 2026.05.27 (Part 1 of 2)PDF
Affidavit of Elvina Hussein - 2026.05.27 (Part 2 of 2)PDF
Affidavit of Maria Fernanda - 2026.05.29PDF
Affidavit of Ricardo Gaviria - 2026.05.25 (Part 2 of 5)PDF
Affidavit of Ricardo Gaviria - 2026.05.25 (Part 3 of 5)PDF
Affidavit of Service - 2026.05.21
  • Counsel Osler, Hoskin & Harcourt LLP
PDF
Application - CoreX - 2026.05.20PDF
Bench Brief - CoreX - 2026.05.20PDF
Brief and Authorities - 2026.05.27PDF
Order - McMillan - 2026.05.21PDF
Affidavit of Diego Rosado Zuñiga (Part 1 of 4)PDF
Affidavit of Diego Rosado Zuñiga (Part 2 of 4)PDF
Affidavit of Diego Rosado Zuñiga (Part 3 of 4)PDF
Affidavit of Diego Rosado Zuñiga (Part 4 of 4)PDF
Affidavit of Humberto Botero Garcia (Part 1 of 8)PDF
Affidavit of Humberto Botero Garcia (Part 2 of 8)PDF
Affidavit of Humberto Botero Garcia (Part 3 of 8)PDF
Affidavit of Humberto Botero Garcia (Part 4 of 8)PDF
Affidavit of Humberto Botero Garcia (Part 5 of 8)PDF
Affidavit of Humberto Botero Garcia (Part 6 of 8)PDF
Affidavit of Humberto Botero Garcia (Part 7 of 8)PDF
Affidavit of Humberto Botero Garcia (Part 8 of 8)PDF
Bench Brief - Cassels - 2026.05.20PDF
Book of Authorities - 2026.05.20PDF
Book of Authorities - Cassels - 2026.05.20PDF
Book of Authorities - CoreX - 2026.05.20PDF
Reply Bench Brief of Law re Disclaimer Application - 2026.05.20PDF
Supplement to the Seventh Report of the Monitor - 2026.05.20PDF
Bench Brief - Promigas - 2026.05.19
  • Counsel Borden Ladner Gervais LLP
PDF
Book of Authorities - Promigas (Full Cases) - 2026.05.19PDF
Book of Authorities - Promigas - 2026.05.19PDF
Brief of Petromil Gas SAS ESP - 2026.05.19PDF
Joint Bench Brief - Surtigas, Gases Caribe, and Gases Guajira - 2026.05.19PDF
Joint Book of Authorities - Surtigas, Gases Caribe, and Gases Guajira (Full Cases) - 2026.05.19PDF
Joint Book of Authorities - Surtigas, Gases Caribe, and Gases Guajira - 2026.05.19PDF
Reply Affidavit of Jason Bednar - 2026.05.16PDF
Affidavit in Support of Gases Del Caribe SA ESP and Gases De La Guajira SA ERP - 2026.05.14PDF
Affidavit in Support of Promigas SA ESP - 2026.05.14PDF
Affidavit in Support of Surtigas SA ESP - 2026.05.14PDF
Cross Application of Petromil - 2026.05.14PDF
Cross-Examination Transcripts - 2026.05.18PDF
Letter to Service List - 2026.05.14
  • Counsel Paola Ramirez, McMillan LLP
PDF
Affidavit of Cindy Paola Cotes Murgas - 2026.05PDF
Affidavit of Diego Rosado Zuñiga - 2026.05.13- Part 1 of 4PDF
Affidavit of Diego Rosado Zuñiga - 2026.05.13- Part 2 of 4PDF
Affidavit of Diego Rosado Zuñiga - 2026.05.13- Part 3 of 4PDF
Affidavit of Diego Rosado Zuñiga - 2026.05.13- Part 4 of 4
  • Counsel Chaitons LLP
PDF
Affidavit of Felipe Trujillo Ferreira - 2026.05.13 - Part 1 of 4PDF
Affidavit of Felipe Trujillo Ferreira - 2026.05.13 - Part 2 of 4PDF
Affidavit of Felipe Trujillo Ferreira - 2026.05.13 - Part 3 of 4PDF
Affidavit of Felipe Trujillo Ferreira - 2026.05.13 - Part 4 of 4
  • Counsel Chaitons LLP
PDF
Affidavit of Freddy Cano - 2026.05.25PDF
Affidavit of Humberto Botero Garcia - 2026.05.13 - Part 1 of 4PDF
Affidavit of Humberto Botero Garcia - 2026.05.13 - Part 2 of 4PDF
Affidavit of Humberto Botero Garcia - 2026.05.13 - Part 3 of 4PDF
Affidavit of Humberto Botero Garcia - 2026.05.13 - Part 4 of 4
  • Counsel Chaitons LLP
PDF
Affidavit of Pedro Ovideo - 2026.05.25PDF
Affidavit of Ricardo Gaviria - 2026.05.25 (Part 1 of 5)PDF
Affidavit of Ricardo Gaviria - 2026.05.25 (Part 4 of 5)PDF
Affidavit of Ricardo Gaviria - 2026.05.25 (Part 5 of 5)PDF
Affidavit of Zamir Centanaro - 2026.05.25 (Part 1 of 3)PDF
Affidavit of Zamir Centanaro - 2026.05.25 (Part 2 of 3)PDF
Affidavit of Zamir Centanaro - 2026.05.25 (Part 3 of 3)PDF
Compare Redline - Draft Canaven Agreement Disclaimer Order - 2026.05.04PDF
Compare Redline - Draft Dual Category Offtake Agreement Disclaimer Order - 2026.05.04PDF
Compare Redline - Draft Essential Offtake Agreement Disclaimer Order - 2026.05.04PDF
Compare Redline - Draft Non-Essential Offtake Agreement Disclaimer Order - 2026.05.04PDF
Compare Redline - Draft Promigas Agreement Disclaimer Order - 2026.05.04PDF
Compare Redline - Draft Sealing Order and Other Relief Order - 2026.05.04PDF
Proposed Form of Order - Canaven Agreement Disclaimer Order - 2026.04.28PDF
Proposed Form of Order - Consumer Offtake Agreement Disclaimer Order - 2026.04.28PDF
Proposed Form of Order - Dual Category Offtake Agreement Disclaimer Order - 2026.04.28PDF
Proposed Form of Order - Promigas Agreement Disclaimer Order - 2026.04.28PDF
Proposed Form of Order - Sealing Order and Other Relief Order - 2026.04.28PDF
Proposed Sealing and Other Relief Order - 2026.04.30PDF
Affidavit of Antoinette DePinto - 2026.05.06PDF
Affidavit of Gases del Oriente SA ESP - 2026.05.06PDF
Appendix to Affidavit of Gases del Oriente SA ESP - 2026.05.06PDF
Book of Authorities - 2026.05.05PDF
Notice of Appearance - Gases de la Guajira SA ESP - 2026.05.06PDF
Notice of Appearance - Gases del Caribe SA ESP - 2026.05.06PDF
Notice of Appearance - Promigas SA ESP - 2026.05.06PDF
Notice of Appearance - Surtigas SA ESP - 2026.05.06PDF
Translated Affidavit of Gases del Oriente SA ESP - 2026.05.06PDF
Bench Brief of Law - 2026.05.05PDF
Notice of Appearance - Atinkana - 2026.05.05PDF
Notice of Appearance - Gas Hub - 2026.05.05PDF
Notice of Appearance - Grupo Energetico De Las Amer - 2026.05.05PDF
Brief of Law - 2026.04.30PDF
Book of Authorities - 2026.04.30PDF
Septimo Informe - 2026.05.06PDF
Seventh Report of the Monitor - 2026.04.30PDF
9th Affidavit of J. Bednar - 2026.04.28PDF
Application - 2026.04.28PDF
Notice of Entry of Canadian Court's FARIO - 2026.04.25
  • Order date 24 April 2026
  • Stay expiry 27 June 2026
PDF
Second Amended Notice of Hearing Agenda - 2026.04.27PDF
Amended Notice of Hearing Agenda - 2026.04.27PDF
Fourth Amended and Restated Initial Order - 2026.04.24
  • Order date 24 April 2026
  • Stay expiry 27 June 2026
PDF
Notice of Filing Revised Proposed Order Recognizing 4th ARIO - 2026.04.24PDF
Compare Redline - TARIO and Draft Form of FARIO - 2026.04.15
  • Order date 23 April 2026
  • Stay expiry 27 June 2026
PDF
Letter to Justice Kuntz - 2026.04.23PDF
Notice of Hearing Agenda - 2026.04.27PDF
Proposed Form of Order - Fourth ARIO - 2026.04.15PDF
Proposed Form of Order - Sealing Order - 2026.04.15PDF
Sealing Order - 2026.04.24
  • Presiding officer Justice A.G. Kuntz
PDF
Bench Brief of Law - 2026.04.22
  • Counsel Goodmans LLP
PDF
Book of Authorities - 2026.04.22PDF
Letter to Justice Kuntz - 2026.04.17
  • Presiding officer Justice Kuntz
PDF
Letter to Service List - 2026.04.17PDF
Notice of Filing of Sixth Report of the Monitor - 2026.04.17PDF
Bednar Declaration ISO Fourth ARIO Recognition - 2026.04.16PDF
Ex Parte Motion to Shorten Notice re Foreign Representative's Fourth ARIO - 2026.04.16PDF
Motion for Recognition of Fourth ARIO - 2026.04.16
  • Secured creditors Note: Pre-filing secured creditor named in the Initial Order's priority scheme; the CRO Restructuring Fee Charge and the Bid Protections Charge (court-ordered post-filing charges) are expressly made subordinate to Macquarie's proven secured claims, indicating Macquarie ranks ahead of those charges but the underlying pre-filing balance is not quantified in this document. · Page: 45 · Debtor: Canacol Energy Ltd. and other Applicants (Debtors) · Creditor: Macquarie Bank Ltd. · Currency: CAD · Security: Proven secured claims, limited to the specific Property over which Macquarie has valid and enforceable secured claims (scope/collateral not further itemized in this excerpt)
PDF
Sexto Informe - 2026.04.16PDF
Sixth Report of the Monitor - 2026.04.16PDF
Application - 2026.04.15PDF
Bench Brief of Law - 2026.04.15PDF
Book of Authorities - 2026.04.15 (Part 1 of 3)PDF
Book of Authorities - 2026.04.15 (Part 2 of 3)PDF
8th Affidavit of J.Bednar - 2026.04.14 (Part 1 of 3)PDF
8th Affidavit of J.Bednar - 2026.04.14 (Part 3 of 3)PDF
Service Letter - 2026.04.14PDF
Compare Redline - SARIO - 2026.03.18
  • Order date 26 March 2026
  • Stay expiry 27 June 2026
  • Stay extended to 27 June 2026
PDF
Proposed Form of Order - Sealing Order - 2026.03.18PDF
Proposed Form of Order - TARIO - 2026.03.18PDF
Sealing Order - 2026.03.26
  • Presiding officer Justice D. Mah
PDF
Third Amended and Restated Initial Order - 2026.03.26
  • Order date 26 March 2026
  • Stay expiry 27 June 2026
PDF
Notice of Withdrawal - 2026.03.24PDF
Fifth Report of the Monitor - 2026.03.22PDF
Letter to Justice Mah - 2026.03.22
  • Presiding officer Justice Mah
PDF
Quinto Informe - 2026.03.22PDF
Bednar Declaration - 2026.03.21PDF
Ex Parte Motion - 2026.03.21PDF
Motion for Recognition of TARIO - 2026.03.21PDF
Second Supplementary Affidavit of Jason Bednar - 2026.03.20PDF
7th Affidavit of J. Bednar - 2026.03.18 (Part 1 of 2)PDF
Acción de Tutela - 2026.03.18PDF
Application - KERP and KEIP Approval - 2026.03.18PDF
Book of Authorities - 2026.03.18PDF
Canacol - Bench Brief - 2026.03.18PDF
Service Letter - 2026.03.18PDF
Canacol Disclosure Package - 2026.03.09 (Part 1 of 2)PDF
Approval and Amending Order - 2026.03.05
  • Presiding officer Justice Bourque
PDF
Proposed Form of Order - 2026.03.05PDF
Cuarto Informe - 2026.02.27PDF
Fourth Report of the Monitor - 2026.02.27
  • Process results 55 solicited · 16 NDAs · as of 25 Feb 2026
  • Sale advisor Moelis & Company LLC (financial advisor)
  • Sale outcome Liquidation in progress — SISP approved and being implemented; marketing underway with outreach to potential bidders
  • Secured creditors $40M USD · Note: Amount is approximate ('the Monitor understands approximates $40 million'); disputed/contested by Macquarie in Chapter 15/Colombian recognition and CCAA proceedings (leave to appeal dismissed); Macquarie also filed independent expert valuation challenging adequacy of protection afforded to it as secured creditor (rejected by Colombian Superintendency). · Page: 72 · Debtor: Canacol Energy Ltd. and/or Colombian Debtors (Canacol Group) · Creditor: Macquarie Bank Ltd. · Security: Pre-filing secured claim; DIP Lenders' Charge granted in priority to Macquarie's security under the SARIO
PDF
Letter to Service List - 2026.02.27PDF
Application - 2026.02.26PDF
Bench Brief of Law - 2026.02.26PDF
Book of Authorities - 2026.02.26PDF
6th Affidavit of J. Bednar - 2026.02.26PDF
Letter to Service List - 2026.02.25PDF
Canacol Disclosure Package - 2026.03.09 (Part 2 of 2)PDF
Order - 2026.02.20PDF
Auto - 2026.02.16PDF
Acta, 5, 6 y 9 de febrero de 2026 - 2026.02.13PDF
Memorial - 2026.02.05PDF
Pronunciamiento a la solicitud de reconocimiento de la Orden - 2026.02.05PDF
Solicitud de nulidad - 2026.02.05PDF
Pronunciamiento Incumplimiento Deberes de Información - 2026.02.04PDF
Solicitud de National Oilwell Varco de Colombia - 2026.02.04PDF
Recurso de reposición contra el Auto 2026-02-025304 - 2026.01.22PDF
Acta, 30 de enero de 2026 - 2026.02.12PDF
Compare Redline - SARIO (as amended by the Sale Process Approval Order granted Jan 26, 2026) - 2026.03.18PDF
Jan 26, 2026 Court Hearing Login - 2026.01.20PDF
SISP Procedures - 2026.01.26
  • Bid deadline 6 April 2026
  • Counsel Bennett Jones LLP
  • Outside date 30 June 2026
  • Phase1 deadline 9 March 2026
  • + 1 more extracted fact
PDF
Sales Process Approval and Other Relief Order - 2026.01.26
  • Bid deadline 9 March 2026
  • Counsel Bennett Jones LLP
  • Order date 26 January 2026
  • Outside date 30 June 2026
  • + 4 more extracted facts
PDF
Advertencia institucional- 2026.01.23PDF
Auto - 2026.01.23PDF
Observaciones y oposición parcial al reconocimiento de órdenes extranjeras y a la Financiación DIP - 2026.01.23PDF
Official Translation - MQ Brief - Leave to Appeal - 2026.01.22PDF
Official Translation - MQ Brief - Motion for Reconsideration Recognition Order - 2026.01.22
  • Secured creditors Note: No outstanding balance figure stated in this filing; only facility/security instruments referenced. Governed by Colombian law per stipulation in the security agreements. Subject of dispute: proposed DIP Lender priority lien (from Canadian CCAA Second Amendment, unnamed DIP Lender) would prime/subordinate Macquarie's existing security over Colombian assets; DIP financing/lien not yet authorized by Colombian authority as of this filing (opposed by Macquarie). · As of: 2024-09-03 (Credit and Guarantee Agreement date) · Debtor: Canacol Energy Ltd. and Canacol Group entities (Canacol Energy Colombia S.A.S., CNE Oil & Gas S.A.S., CNE Energy S.A.S., Cantana Energy – Colombian Branch, CNEOG Colombia – Colombian Branch) · Creditor: Macquarie Bank Ltd. · Security: Credit and Guarantee Agreement (Macquarie Credit Facility) dated Sept 3, 2024; security package includes: irrevocable fiduciary assignment for local collateral agent; secured transactions agreement over assets; conditional assignment of E&P contractual/economic rights; account control agreement; share-pledge (secured interest) agreements over CNE Energy S.A.S., CNE Oil & Gas S.A.S. and Canacol Energy Colombia S.A.S. shares; movable guarantees registered with Confecámaras (multiple folio numbers) over Colombian assets
PDF
Official Translation - MQ Brief - Postpone Hearing - 2026.01.22PDF
Official Translation - MQ Brief - Serve order and DACA Accounts - 2026.01.22PDF
Official Translation - MQ Brief Opposition to DACA Accounts Explanation - 2026.01.22PDF
Solicitud aplazamiento audiencia - 2026.01.20PDF
Solicitud aplazamiento audiencia 2 - 2026.01.20PDF
Auto - 2026.01.19PDF
7th Affidavit of J. Bednar - 2026.03.18 (Part 2 of 2)PDF
Compare Redline - SISP - 2026.01.16
  • Bid deadline 6 April 2026
  • Order date 16 January 2026
  • Phase1 deadline 9 March 2026
PDF
Proposed Form of Order - 2026.01.09PDF
Redline Proposed Form of Order 2026.01.15PDF
Revised SISP - 2026.01.16
  • Bid deadline 6 April 2026
  • Counsel Bennett Jones LLP
  • Outside date 30 June 2026
  • Phase1 deadline 9 March 2026
  • + 1 more extracted fact
PDF
Auto - 2026.01.15PDF
Letter to Commercial List Coordinator Encls Redlines 2026.01.15
  • Counsel Bennett Jones LLP
PDF
Redline Sale and Investment Solicitation Process 2026.01.15
  • Bid deadline 6 April 2026
  • Order date 16 January 2026
  • Phase1 deadline 9 March 2026
PDF
Auto - 2026.01.13PDF
Tercer Informe - 2026.01.13
  • Sale advisor Moelis & Company LLC (financial advisor)
  • Sale outcome Sale process approved — The Monitor recommends approval of the SISP respecting substantially all of the Applicants' Property and Business
  • Secured creditors Note: Macquarie objected to the DIP Lenders' Charge obtaining priority over its security, arguing this is contrary to Colombian public policy and that it has not consented; also disputes Debtors' use of DACA funds without its authorization. Amount of Macquarie's secured claim is not stated in this report. Macquarie has sought leave to appeal the SARIO (which granted the DIP Charge priority over Macquarie's security) before the Alberta Court of Appeal; hearing scheduled for 2026-02-18. · Page: 13 · Debtor: Colombian Debtors (including CNE Oil & Gas S.A.S. and related Colombian entities) · Creditor: Macquarie Bank Ltd. · Currency: USD · Security: Asserted pre-existing security interest/control over the 'Cuentas DACA' (Deposit Account Control Agreement accounts) of the Colombian Debtors; Macquarie asserts its express prior consent is required for any priming charge over its security
PDF
Third Report of the Monitor - 2026.01.13
  • Sale advisor Moelis & Company LLC (financial advisor)
  • Sale outcome Sale process approved — the Applicants' application for an Order approving the sale and investment solicitation process
PDF
Affidavit of Service - 2026.01.16PDF
5th Affidavit of Jason Bednar - 2026.01.09 (Part 1 of 2)PDF
5th Affidavit of Jason Bednar - 2026.01.09 (Part 2 of 2)PDF
Application - 2026.01.09PDF
Bench Brief of Law - 2026.01.09PDF
Book of Authorities - 2026.01.09PDF
Canacol informe apelación CCAA - 2026.01.09PDF
Letter to Service List - 2026.01.09PDF
Coadyuvancia aprobación garantía DIP - 2026.01.08PDF
Oposición a solicitud de aclaración respecto de las medidas provisionales presentada por KPMG - 2026.01.08PDF
Solicitud de aclaración, adición yo complementación del Auto - 2026.01.08PDF
Solicitud traslado solicitud de Financiación DIP - 2026.01.08PDF
Canacol Disclosure Package - 2026.01.07PDF
Official Translation - Auto - 2026.01.02PDF
Application for Permission to Appeal Macquarie - 2026.01.02PDF
Auto - 2026.01.02PDF
BOA Permission to Appeal - 2026.01.02
  • Recovery outcome Entries: per plan · Table missing:
PDF
Coadyuvancia Halliburton (Macquarie) - 2026.01.02PDF
Draft Order Permission to Appeal - 2026.01.02PDF
Memorandum of Macquarie re Permission to Appeal - 2026.01.02PDF
Pronunciamiento Macquarie sobre descorre del recurso - 2026.01.02PDF
Solicita traslado - 2026.01.02PDF
Pronunciamiento frente a los radicados 2026-01-010840 y 2026-01-010832 - 2026.01.19PDF
Memorial Descorriendo Traslado Halliburton - 2025.12.30PDF
Pronunciamiento Recursos Macquarie y Halliburton - 2025.12.30PDF
Respuesta Recursos de Reposición - 2025.12.30PDF
QA Court Supervised Restructuring Canacol Energy LtdPDF
Respuesta Y Reclamación A La Sociedad Canacol Energy En Reorganización Y Otras - 2025.12.29PDF
Canacol recurso Auto Reconocimiento proceso extranjeroPDF
Oposición a solicitud de constitución de garantías prioritariasPDF
Recurso de Reposición contra el AutoPDF
Certificación Desistimiento Pre Canacol - 2025.12.18PDF
Order Recognizing SARIO - 2025.12.18PDF
Amended Hearing Agenda -2025.12.17PDF
Auto - 2025.12.17PDF
Limited Objection - 2025.12.17PDF
Notice of Filing Further Revised Proposed Order Recognizing SARIO - 2025.12.17PDF
Notice of Filing Revised Proposed Order Recognizing SARIO - 2025.12.17PDF
Notice of Filing Transcript - 2025.12.17PDF
Official Translation - Auto - 2025.12.17PDF
Second Amended Hearing Agenda - 2025.12.17PDF
Hearing Agenda - 2025.12.15PDF
Auto - 2025.12.11PDF
Compare Redline - Revised SARIO - 2026.03.05
  • Order date 11 December 2025
  • Stay expiry 6 February 2026
PDF
Excerpts of Transcripts re Sealing Order - 2026.01.02PDF
Official Translation - Auto - 2025.12.11PDF
Recognition Order - 2025.12.11PDF
SARIO - 2025.12.11
  • Order date 11 December 2025
  • Stay expiry 6 February 2026
PDF
Scheduling OrderPDF
Sealing Order - 2025.12.11PDF
Transcript of Decision - 2025.12.11
  • Presiding officer Justice D. Mah
PDF
Amended Application - 2025.12.10PDF
Bench Brief of Law - 2025.12.10PDF
Bench Brief of Macquarie Bank Ltd. - 2025.12.10
  • Counsel Goodmans LLP
PDF
Book of Authorities - 2025.12.10PDF
Book of Authorities for Macquarie Bank Ltd. - 2025.12.10PDF
Compare Redline - Second Amended and Restated Order - 2025.12.10PDF
Excerpts of Transcripts re Reply - 2026.01.02PDF
FULL Transcripts - 2025.12.10 to 2026.01.02PDF
Final Compare Redline - Amended and Restated Order - 2025.12.10PDF
Final Compare Redline - SARIO - 2025.12.10
  • Order date 10 December 2025
  • Stay expiry 6 February 2026
PDF
Proposed Form of Order - Second Amended and Restated Order - 2025.12.10PDF
Supplemental Book of Authorities - 2025.12.10PDF
2nd Letter to Service List - 2025.12.09PDF
4th Affidavit of J.Bednar - 2025.12.09PDF
Affidavit of Arriane Tano - 2025.12.09PDF
Canacol Disclosure Package - 2025.12.09PDF
Letter to Service List - 2025.12.09PDF
Second Report of the Monitor - 2025.12.09PDF
Segundo Informe - 2025.12.09PDF
8th Affidavit of J.Bednar - 2026.04.14 (Part 2 of 3)PDF
Affidavit of Charles Pickard - 2025.12.08PDF
Affidavit of Luis Cabrera - 2025.12.08PDF
Recognition Hearing Agenda - 2025.12.11PDF
Reply Affidavit of J.Bednar - 2025.12.08 (Part 1 of 3)PDF
Reply Affidavit of J.Bednar - 2025.12.08 (Part 2 of 3)PDF
Reply Affidavit of J.Bednar - 2025.12.08 (Part 3 of 3)PDF
3rd Affidavit of Jason Bednar - 2025.12.05PDF
Letter to Service List - 2025.12.05PDF
Appeal Book of Macquarie Permission to Appeal - 2025.01.02 (Part 2 of 8)PDF
Apostilled ARIO - 2025.12.03 (Spanish only)
  • Order date 28 November 2025
  • Stay expiry 18 December 2025
PDF
Notice of Filing of ARIO - 2025.12.1
  • Order date 28 November 2025
  • Stay expiry 18 December 2025
PDF
Amended and Restated Initial Order- 2025.11.28
  • Order date 28 November 2025
  • Stay expiry 18 December 2025
PDF
Apostilled Initial Order - 2025.12.03PDF
Letter to Justice Mah - 2025.11.28PDF
Transcript of Decision - 2025.11.28
  • Presiding officer Justice M.H. Bourque
PDF
Solicitud De Reconocimiento De Proceso De Insolvencia Extranjero - 2025.11.26 (Spanish only)PDF
Soportes Solicitud Reconocimiento - 2025.11.26 (Part 2 of 2) (Spanish only)PDF
Affidavit of Michael Hibberd - 2025.11.25 (Part 1 of 6)PDF
Affidavit of Michael Hibberd - 2025.11.25 (Part 2 of 6)PDF
Affidavit of Michael Hibberd - 2025.11.25 (Part 3 of 6)PDF
Affidavit of Michael Hibberd - 2025.11.25 (Part 4 of 6)PDF
Affidavit of Michael Hibberd - 2025.11.25 (Part 5 of 6)PDF
Affidavit of Michael Hibberd - 2025.11.25 (Part 6 of 6)PDF
Comeback Application - 2025.11.25PDF
Comeback Hearing Bench Brief of Law - 2025.11.25PDF
Comeback Hearing Book of Authorities - 2025.11.25PDF
Notice to Creditors - 2025.11.25PDF
First Report of the Monitor - 2025.11.24PDF
Primer Informe - 2025.11.24PDF
2nd Affidavit of Jason Bednar - 2025.11.22PDF
Provisional Relief OrderPDF
Declaration of Jason BednarPDF
Declaration of Katherine ForbesPDF
Declaration of Raj S. SahniPDF
Motion for Provisional ReliefPDF
Motion for RecognitionPDF
Soportes Solicitud Reconocimiento - 2025.11.26 (Part 1 of 2) (Spanish only)PDF
Book of Authorities - 2025.11.18 (Parts 1 of 4)PDF
Book of Authorities - 2025.11.18 (Parts 2 of 4)PDF
Book of Authorities - 2025.11.18 (Parts 3 of 4)PDF
Initial Order - 2025.11.18
  • Applicant CANACOL ENERGY LTD., 2654044 ALBERTA LTD., CANACOL ENERGY ULC, 2498003 ALBERTA ULC, CANTANA ENERGY GMBH, CNE OIL & GAS S.R.L, CANACOL ENERGY COLOMBIA S.A.S., SHONA HOLDING GMBH, CNE ENERGY S.A.S., and CNE OIL & GAS S.A.S.
  • Appointee KPMG Inc.
  • Appointee role Monitor
  • Commencement date 18 November 2025
  • + 5 more extracted facts
PDF
List of Known Creditors - 2025.11.25PDF
Transcript of Decision - 2025.11.18
  • Presiding officer Justice B.B. Johnston
PDF
Bench Brief of Law - 2025.11.17PDF
Originating Application - 2025.11.17
  • Financial position Liabilities $907M USD · per approximate, as stated by Applicants in support of CCAA jurisdictional threshold · consolidated - the Canacol Group (all Applicants) — Only total liabilities stated ('combined total liabilities of approximately USD$906,816,000'); no total assets or balance sheet provided on these pages
  • Secured creditors $37.5M USD · Note: Described as Canacol's 'primary secured obligations'; a USD$6,746,972.69 payment on this debt was due November 18, 2025 as part of aggregate November Payments of approx. USD$25,432,535.58 owed to secured and unsecured lenders · Page: 5 · As of: 2025-11-17 · Debtor: Canacol Energy Ltd. (and the Canacol Group) · Creditor: Macquarie Bank Ltd. · Security: Primary secured lender; Macquarie holds valid and enforceable secured claims over specific Property, which claims rank ahead of the proposed Administration Charge and Directors' Charge
PDF
Pre-Informe - 2025.11.17PDF
Pre-filing Report of the Proposed Monitor - 2025.11.17PDF
Affidavit of J. Bednar - Volume 1 - 2025.11.16
  • Financial position Assets $1.29B USD · as at 30 Sep 2025 · per Unaudited Q3 Interim Condensed Consolidated Financial Statements / MD&A comparative summary (tabular amounts in thousands) · Consolidated Canacol Energy Ltd. and its subsidiaries (Canacol Group) — Total liabilities not stated as a single aggregate figure in the extracted pages. Affidavit (p.16) discloses component current liabilities as at Q3 Interim Financial Statements: current portion of long-term debt $42.172M, trade and other payables $107.607M, deferred income $21.202M, lease obligations $4.563M, taxes payable $7.744M, long-term incentive compensation liabilities $2.056M, other long-term obligations $1.337M; and non-current liabilities: long-term debt $672.200M, lease obligations $4.271M, decommissioning obligations $26.861M, deferred tax liabilities $9.583M, long-term incentive compensation liabilities $1.589M, other long-term obligations $5.631M. These components are not summed per reporting rules.
  • Secured creditors $37.5M USD · Note: Facility limit US$75,000,000 with initial borrowing of US$50,000,000; no additional draws advanced as production targets not met; amortizing since Sept 15, 2025 due to Accelerated Amortization Event. Despite Canacol (an Alberta corporation) being borrower, no Canadian security agreement was executed and no PPSA financing statements were registered against Canacol or Canadian guarantors in Alberta, so Canadian assets are effectively unsecured as to this creditor. · As of: 2025-11-17 · Debtor: Canacol Energy Ltd. · Creditor: Macquarie Bank Ltd. · Security: Secured term loan facility (aggregate commitment US$75,000,000); intended first-priority security interest against Canacol Group's assets in Colombia and the United States, springing control (DACAs) over certain US/Colombian collection accounts, and pledges of shares of key Subsidiaries; guaranteed by 265 Alberta, 249 Alberta, Canacol ULC, Canacol Colombia, CNE O&G Colombia, CNE Energy Colombia, CNE Panama, Shona Switzerland and Cantana Switzerland
PDF
Affidavit of J. Bednar - Volume 2 - 2025.11.16 (Part 1 of 2)
  • Financial position Assets $1.29B USD · as at 30 Sep 2025 · per Q3 Interim Financial Statements / MD&A for the three and nine months ended September 30, 2025 (in thousands per MD&A table) · Consolidated Canacol Group (Canacol Energy Ltd. and its direct and indirect subsidiaries) — Total liabilities not stated as a single figure; document discloses components only: Current Liabilities - current portion of long-term debt $42.172M, trade and other payables $107.607M, deferred income $21.202M, lease obligations $4.563M, taxes payable $7.744M, LTIP liabilities $2.056M, other long-term obligations $1.337M; Non-Current Liabilities - long-term debt $672.200M, lease obligations $4.271M, decommissioning obligations $26.861M, deferred tax liabilities $9.583M, LTIP liabilities $1.589M, other long-term obligations $5.631M (per Q3 Interim Financial Statements, page 16). Separately, MD&A reports 'Total debt' of $747,584 (thousands) as at September 30, 2025 (page 22), which is a component of, not equal to, total liabilities.
  • Secured creditors $37.5M USD · Note: No Canadian security agreement executed by Canacol in favour of Macquarie and no PPSA financing statements registered against Canacol or the Canadian Subsidiaries in Alberta (Exhibit J search results) - security is limited to non-Canadian collateral. Facility began accelerated amortization (8 equal monthly installments starting Sept 15, 2025) due to production covenant breach as at June 30, 2025. · Page: 17 · As of: 2025-11-17 · Debtor: Canacol Energy Ltd. · Creditor: Macquarie Bank Ltd. · Security: First-priority security interest against Canacol Group's assets in Colombia and the United States; springing control over certain US and Colombian collection accounts (DACAs); pledges of shares of key Subsidiaries. Aggregate commitment/facility limit US$75,000,000 (not a balance). Guaranteed by 265 Alberta, 249 Alberta, Canacol ULC, Canacol Colombia, CNE O&G Colombia, CNE Energy Colombia, CNE Panama, Shona Switzerland and Cantana Switzerland.
PDF
Affidavit of J. Bednar - Volume 2 - 2025.11.16 (Part 2 of 2)PDF
Appeal Book of Macquarie Permission to Appeal - 2025.01.02 (Part 1 of 8)PDF
Appeal Book of Macquarie Permission to Appeal - 2025.01.02 (Part 3 of 8)PDF
Appeal Book of Macquarie Permission to Appeal - 2025.01.02 (Part 4 of 8)PDF
Appeal Book of Macquarie Permission to Appeal - 2025.01.02 (Part 5 of 8)PDF
Appeal Book of Macquarie Permission to Appeal - 2025.01.02 (Part 6 of 8)PDF
Appeal Book of Macquarie Permission to Appeal - 2025.01.02 (Part 7 of 8)PDF
Appeal Book of Macquarie Permission to Appeal - 2025.01.02 (Part 8 of 8)PDF
Book of Authorities - 2025.11.18 (Parts 4 of 4)
  • Presiding officer Justice Penny
PDF
Carillion - First Report of the Monitor - 2026.04.23PDF
Book of Authorities - 2026.04.15 (Part 3 of 3)
  • Presiding officer Justice G.B. Morawetz
PDF
Documento Preguntas y Respuestas Restructuración Supervisada por la Corte Canacol Energy LtdPDF
Motion to Schedule Recognition Hearing
  • Counsel Pachulski Stang Ziehl & Jones LLP
PDF
Sustitución De Poder - 12.1.2025 (Spanish only)PDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “Canacol Energy Ltd. and a group of related entities” (CCAA), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/canacol-energy-ltd-and-a-group-of-related-entities

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Sources last checked · summary updated 7 August 2026 · Report a correction · Printed from proceedings.ca/case/canacol-energy-ltd-and-a-group-of-related-entities

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.