Proceedings.

Canadian Rockies Petroleum Corp.

Follow
Active
Proceeding
NOISections 50.4 (9), 64.2, 65.13 and 183 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended
Court
Court of King's Bench of Alberta
File
25-1552434
Filings held25
Last activity23 Apr 2013
On the record5,449 days
OverviewSummary updated

Canadian Rockies Petroleum Corp., of Alberta, filed a Notice of Intention to make a proposal under the Bankruptcy and Insolvency Act on October 21, 2011, with Grant Thornton Alger Inc. named trustee under Court File No. 25-1552434. The filing proceeded under subsection 50.4(1) and sections 50.4(9), 64.2, 65.13 and 183 of the Act. A proposal was dated February 23, 2012, and the matter remains active.

Proceedings AIAsk this case — answers cite the filings
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
Case updates24 dated entries · 1 undated
#Report

The officer filed report no. Third Report. CRPC's proposal was never implemented due to Sydco's repeated failure to fulfill the Farm-out Agreement despite multiple extensions; the Trustee issued a Form 43 Notice of Default and intends to seek its discharge without annulling the Proposal, leaving CRPC's remaining oil and gas assets essentially valueless and no recovery expected for unsecured creditors.

Source: Third Report of the Trustee on the Proposal - April 23, 2013

21 earlier updates, back to 21 October 2011 — subscribers.

Undated filings1 — no date appears on the document · show

1 filings carry no date on their face — subscribers.

Parties

Debtor

Canadian Rockies Petroleum Corp.

Proposal trustee

Doane Grant Thornton

Capital structureAs asserted in the filings
Priority classCreditorAmountSource
UnsecuredEnergy Resources Conservation Board · in 2 casesas of NOI filing date — regulatory claim (ERCB) — debtor: Canadian Rockies Petroleum Corp.$672KCreditor Package - October 24, 2011
229 more claims across lower-ranking classesSubscribe to view⁠
Sale processAs stated in the filings

2 transactions · 1 proposed · 1 approved — Purchase and Sale Agreement approved and vesting mechanism orderedCourt Order Approving Sale - November 17, 2011 · 17 Nov 2011

PurchaserPriceStatusSource
unnamed purchaser of Figure Lake gas-producing asset; details in confidential SupplementFigure Lake gas-producing asset · asset saleSubscribersProposedFirst Report of the Trustee - November 14, 2011
Signalta Resources Limitedthe Assets subject to the Agreement · asset sale · nominee/assignee: its nominee · agreement 14 Oct 2011SubscribersApproved17 Nov 2011Court Order Approving Sale - November 17, 2011
Closing termsVesting of Assets in Signalta occurs upon filing of the Trustee's Certificate confirming closing substantially in accordance with the Agreement and tender of required sums.Court Order Approving Sale - November 17, 2011
Sealed materialsExhibits D and E to the Holden Affidavit, and the Supplemental Report of the TrusteeCourt Order Approving Sale - November 17, 2011
Estate financialsReported figures — never derived

The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers

Cumulative receipts

$495K

As at 23 Apr 2013Third Report of the Trustee on the Proposal - April 23, 2013

2 more reported figures, as at 23 Apr 2013Subscribe to view⁠
Documents
25 filings
DateDocumentFile
Third Report of the Trustee on the Proposal - April 23, 2013
  • Operational summary CRPC's proposal was never implemented due to Sydco's repeated failure to fulfill the Farm-out Agreement despite multiple extensions; the Trustee issued a Form 43 Notice of Default and intends to seek its discharge without annulling the Proposal, leaving CRPC's remaining oil and gas assets essentially valueless and no recovery expected for unsecured creditors.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Court Order Approving Farmout Agreement - May 4, 2012
  • Presiding officer Justice K. Horner
PDF · Subscribers
Court Order Approving Proposal - May 4, 2012
  • Presiding officer Justice K. Horner
PDF · Subscribers
Application - Approval of Farmout - April 19, 2012PDF · Subscribers
Notice of Hearing to Approve Proposal - April 19, 2012PDF · Subscribers
Creditor Package - Adjournment - March 29, 2012PDF · Subscribers
Creditor Package - February 29, 2012PDF · Subscribers
Report of the Trustee on the Proposal - February 29, 2012PDF · Subscribers
Certificate of Filing a Proposal - February 23, 2012
  • Appointee GRANT THORNTON ALGER INC.
  • Appointee role Trustee
  • Commencement date 23 February 2012
  • Court file no 25-1552434
  • + 1 more extracted fact
PDF · Subscribers
Proposal - February 23, 2012PDF · Subscribers
Court Order Approving Second Extension - January 9, 2012
  • Presiding officer Justice K. Horner
PDF · Subscribers
Affidavit of Gordon Holden – December 22, 2011PDF · Subscribers
Second Report of the Trustee - December 22, 2011PDF · Subscribers
Court Order – December 19, 2011
  • Presiding officer Justice R.G. Stevens
PDF · Subscribers
Affidavit of Gordon Holden - December 13, 2011PDF · Subscribers
Affidavit of Gordon Holden - December 9, 2011PDF · Subscribers
Court Application - December 9, 2011PDF · Subscribers
Court Order Approving Extension - November 17, 2011
  • Presiding officer Justice B.E.C. Romaine
PDF · Subscribers
Court Order Approving Sale - November 17, 2011
  • Closing terms Vesting of Assets in Signalta occurs upon filing of the Trustee's Certificate confirming closing substantially in accordance with the Agreement and tender of required sums.
  • Order date 17 November 2011
  • Presiding officer Justice B.E.C. Romaine
  • Purchaser Signalta Resources Limited · nominee/assignee its nominee · the Assets subject to the Agreement · asset sale · approved
  • + 3 more extracted facts
PDF · Subscribers
First Report of the Trustee - November 14, 2011
  • Purchaser unnamed purchaser of Figure Lake gas-producing asset; details in confidential Supplement · Figure Lake gas-producing asset · asset sale · proposed
  • Sale outcome Approval pending — CRPC's application for Court approval to sell certain assets, transaction anticipated to close during November 2011
  • Stalking horse Subscribers
PDF · Subscribers
Affidavit of Gordon Holden – November 3, 2011PDF · Subscribers
Application for Approval of Purchase – November 3, 2011
  • Applicant Canadian Rockies Petroleum Corp.
  • Commencement date 3 November 2011
  • Court COURT OF QUEEN'S BENCH OF ALBERTA
  • Court file no 25-1552434
  • + 2 more extracted facts
PDF · Subscribers
Creditor Package - October 24, 2011
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Certificate of Filing a Notice of Intention - October 21, 2011
  • Appointee GRANT THORNTON ALGER INC.
  • Appointee role Trustee
  • Commencement date 21 October 2011
  • Court file no 25-1552434
  • + 1 more extracted fact
PDF · Subscribers
Trustee Second Report to Creditors-withAppendices-March29-12-CRPC.PDFPDF · Subscribers

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

CiteProceedings., “Canadian Rockies Petroleum Corp.” (NOI), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/canadian-rockies-petroleum-corp

Recently updated

1281805 B.C. Ltd.

British Columbia · NOI

18 Sep 2026

Collection Tuff Avenue Inc.

Quebec · Bankruptcy

18 Sep 2026

6511 Sussex Heights Development Ltd. ("Highline Metrotown") and Minoru View Homes Ltd. ("Minoru Square") et al.

British Columbia · Receivership (court-appointed)

18 Sep 2026

177 Cross Argus Development Inc.

Ontario · NOI

18 Sep 2026

Sources last checked · summary updated 6 September 2026 · Report a correction · Printed from proceedings.ca/case/canadian-rockies-petroleum-corp

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.