Forden Energy Inc
- Proceeding
- Receivership (court-appointed)section 13(2) of the Judicature Act, R.S.A. 2000, c. J-2
- File
- 24-3260771
- Industry
- Energy · Oil & gas production
Forden Energy Inc has been in court-appointed receivership since February 2, 2026, under BIA s. 243 and provincial Judicature Act authority in the Court of King's Bench of Alberta, and the proceeding remains active. Asset figures reported for Forden and 2150865 Alberta Ltd. on a book-value basis show accounts receivable of $555,210, prepaid expenses of $218,140 and property, plant and equipment of $3,166,642 as at July 31, 2019, alongside a bank cash balance of $4,615 as of January 7, 2026. Unsecured claims listed from the company's books total $4,406,571.55, the largest being Mona Star Ranch Ltd. at $241,339.61, Ptarmigan Oil and Gas Accounting Ltd. at $178,880.96 and Doug Hemeyer & Carol Hemeyer at $152,422.57. Seven secured creditors are identified, including Canadian Natural Resources Ltd., Journey Energy Inc., Computershare Trust Company of Canada, Ponoka County and the County of Paintearth No. 18, each in an amount stated as unknown.
Court approved the August 24, 2026 sale agreement with Sarnia Resources Inc. and authorized its execution, with vesting to follow the Receiver's Closing Certificate and AER licence-transfer approval.
Source: Order Granted September 29, 2026 - SAVO Sarnia Resources Inc.
Application: Sale Approval, Limited Discharge, Final Discharge and Ancillary Relief - filed Sept 28, 2026 — Application / notice of application
Notice under subsections 245(1) and 246(1) recorded PwC's appointment the same day, with a schedule of unsecured creditors drawn from Forden's books totalling $4,406,571.55.
Order pronounced placing Forden Energy Inc. and 2150865 Alberta Ltd. in receivership under section 13(2) of the Judicature Act, with PricewaterhouseCoopers Inc. appointed receiver and manager.
Case update
Forden Energy: ten bids, one signed deal, and a discharge sought from the rest
PwC, receiver of the Alberta licensee of 192 wells, asks the court on September 29 to approve selling five of them to Sarnia Resources, the only party it says was prepared to sign, and to be discharged from the rest. Any funds remaining would go to the Orphan Well Association.
Debtor
Forden Energy Inc
Receiver
PwC
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Alberta Energy Regulator (AER) - regulatory security demand / deemed liability · in 29 casesRegulatory quasi-debt, not a secured loan: compliance order dated Aug 12, 2025 requiring Forden to post security of 'approximately $895,687'; Forden was unable to provide it. Separately, the AER deemed liability (~$21 million) is stated at para 17(a) and recorded in the unsecured list as a regulatory quasi-debt. Document also states the AER is the 'fulcrum stakeholder'. — debtor: Forden Energy Inc. · as of 12 Aug 2025 | $896K | First Report of the Receiver - Filed September 28, 2026 |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
191 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Sale approved — The Court approved the Transaction and authorized the Receiver's execution of the Sale Agreement with Sarnia Resources Inc.; vesting is conditional on delivery of the Receiver's Closing Certificate and AER approval.Order Granted September 29, 2026 - SAVO Sarnia Resources Inc. · 29 Sep 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Sarnia Resources Inc.all of the Debtors' right, title and interest in and to the Assets (as defined in the Sale Agreement), the Purchased Assets listed in Schedule 'B' (surface leases, wells, pipelines, facilities, lands, Crown mineral leases and freehold mineral rights) · asset sale · agreement 24 Aug 2026 | Subscribers | Approved29 Sep 2026 | Order Granted September 29, 2026 - SAVO Sarnia… |
Unsecured creditors: no distribution.EstimatedFirst Report of the Receiver - Filed September 28, 2026 · 28 Sep 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | the Companies' pre-filing creditors | — | no distribution | Estimatedper the receiver | First Report of the Receiver - Filed September 28, 2026 · 28 Sep 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.
| Date | Document | File |
|---|---|---|
| Receiver's Certificate - Limited Discharge (unfiled) | PDF · Subscribers | |
Affidavit of Devneet-Kaur Singh - Filed September 29, 2026
| PDF · Subscribers | |
Order Granted September 29, 2026 - Limited Discharge, Final Discharge, and Ancillary Relief
| PDF · Subscribers | |
Order Granted September 29, 2026 - SAVO Sarnia Resources Inc.
| PDF · Subscribers | |
First Report of the Receiver - Filed September 28, 2026
| PDF · Subscribers | |
Application: Sale Approval, Limited Discharge, Final Discharge and Ancillary Relief - filed Sept 28, 2026
| PDF · Subscribers | |
Order Granted Sept 29, 2026 - Sarnia Resources
| PDF · Subscribers | |
Notice of Receiver - 245(1) 246(1) Report
| PDF · Subscribers | |
Receivership Order - Forden Energy Inc.
| 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., “Forden Energy Inc” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/forden-energy-inc