CUDA Oil and Gas Incorporated
Follow- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- 2101-14158
- Industry
- Energy · Oil & gas production
Cuda Oil and Gas Incorporated was placed in court-appointed receivership on November 18, 2021 under Court of King's Bench of Alberta file 2101-14158, on the basis of s. 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act jurisdiction. The receivership extends to Cuda Oil and Gas Inc., Cuda Energy Inc., Cuda Energy LLC and Junex Inc. As at the date of the order, Tallinn Capital Energy Limited Partnership was owed in excess of $13,679,876.72 and PricewaterhouseCoopers Inc., as receiver of Bridging Finance Inc., in excess of $56,571,880.10. An unsecured creditor listing as at November 25, 2021 shows claims led by Southwestern Production Corp. at $2,802,179.76 and Borden Ladner Gervais LLP at $575,946.92. The proceeding is closed.
Application (Final Distribution, Approval of Receiver's Fees and Disbursements, Approval of Receiver's Activities and Discharge of Receiver) — Application / notice of application
Approval and Vesting Order (Sale by Receiver to Blue Sky Resources Ltd.) — Approval and vesting order
Approval and Vesting Order (Sale by Receiver to COPL America Inc.) — Approval and vesting order
Application (Sale Approval and Vesting, Interim Distribution and Restricting Court Access) — Approval and vesting order
Receivership order granted over Cuda Oil and Gas Inc., Cuda Energy Inc., Cuda Energy LLC and Junex Inc., commencing the proceeding in Alberta file 2101-14158.
Source: Receivership Order
Debtor
CUDA Oil and Gas Incorporated
Receiver
FTI
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Horner | Court of King's Bench of Alberta | 2 orders, Nov 2021 – Feb 2023 | 78 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverFTI | Bennett Jones LLP | 26 Nov 2021 | Service list · 26 Nov 2021 |
| ReceiverPricewaterhouseCoopers Inc | DLA Piper (Canada) LLP | 26 Nov 2021 | Service list · 26 Nov 2021 |
| CreditorPwC | Lewis Roca Rothgerber Christie LLP | 26 Nov 2021 | Service list · 26 Nov 2021 |
| CreditorTallinn Capital Energy Limited Partnership, by its general partner Tallinn Capital Energy Corp | Blake, Cassels & Graydon LLP | 26 Nov 2021 | Service list · 26 Nov 2021 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | PricewaterhouseCoopers Inc., in its capacity as receiver of Bridging Finance Inc.Stated as 'in excess of' this amount; treated as a floor per document wording. — debtor: Cuda Oil and Gas Inc., Cuda Energy Inc., Cuda Energy LLC and Junex Inc. · as of 18 Nov 2021 | $56.6M | Notice and Statement of the Receiver |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
45 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no distribution. Bridging Finance Inc a distribution.EstimatedThird Report of the Receiver · 30 Jan 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| SecuredPwC as receiver of BFI (BFI Debt) | Bridging Finance Inc | — | a distributioninterimconditional | Estimatedper the receiver | Second Report of the Receiver · 20 Apr 2022 |
| SecuredBFI Debt | PwC (as receiver of Bridging Finance Inc.) | — | short by final | Estimatedper the receiver | Third Report of the Receiver · 30 Jan 2023 |
| Secured | Tallinn Capital Energy Limited Partnership | — | paid in full | Finalper the receiver | Third Report of the Receiver · 30 Jan 2023 |
| Unsecured | subordinate or unsecured creditors | — | no distribution | Estimatedper the receiver | Third Report of the Receiver · 30 Jan 2023 |
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.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansAs at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Order for Final Distribution, Approval of Receiver's Fee and Disbursement, Approval of Receiver's Activities and Discharge of Receiver.
| PDF · Subscribers | |
Application (Final Distribution, Approval of Receiver's Fees and Disbursements, Approval of Receiver's Activities and Discharge of Receiver)
| PDF · Subscribers | |
Third Report of the Receiver
| PDF · Subscribers | |
| Approval and Vesting Order (Sale by Receiver to Blue Sky Resources Ltd.) | PDF · Subscribers | |
| Approval and Vesting Order (Sale by Receiver to COPL America Inc.) | PDF · Subscribers | |
| Order (Approving Receiver's Activities and Authorizing Interim Distributions) | PDF · Subscribers | |
Order Restricting Court Access
| PDF · Subscribers | |
| Application (Sale Approval and Vesting, Interim Distribution and Restricting Court Access) | PDF · Subscribers | |
Second Report of the Receiver
| PDF · Subscribers | |
| US Sales Process - Dec 2021 | PDF · Subscribers | |
| First Report of the Receiver | PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Notice and Statement of the Receiver
| PDF · Subscribers | |
| Affidavit of Robb Cacovic - sworn November 16, 2021 | PDF · Subscribers | |
| Canadian Sales Process - Dec 2021 | PDF · Subscribers | |
| Notice of Application | PDF · Subscribers | |
Receivership Order
| 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., “CUDA Oil and Gas Incorporated” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/cuda-oil-and-gas-incorporated