Receivership (court-appointed)section 13(2) of the Judicature Act, RSA 2000, c J-2, section 99(a) of the Business Corporations Act, RSA 2000, c B-9 and section 106.1 of the Oil and Gas Conservation Act, RSA 2000, c O-6
Long Run Exploration Ltd. is in court-appointed receivership in the Court of King's Bench of Alberta under section 243 of the BIA and provincial Judicature Act authority, file 2401 09247, on an application filed February 26, 2025; the receivership date is March 5, 2025. The Receiver's statement, drawn from the company's books and records, reports total assets of CAD $640,483,000, combining cash as at March 5, 2025, accounts receivable as at March 10, 2025, and inventory, prepaid expenses and property and equipment as at January 31, 2025. No liabilities figure is presented. Secured parties as at March 5, 2025 include Calgary Sinoenergy Investment Corp. at $558,356,000, China Construction Bank, Toronto Branch at $350,097,000, and the Municipal District of Smoky River No. 130 at $1,070,000; amounts owed to fourteen other listed secured parties are recorded as unknown. The proceeding remains active.
The officer filed report no. Seventh Report. The Receiver reports that all of Long Run's material saleable Property has now been sold, with one final proposed sale (to Loyal) before the court, and that it is winding down the receivership and Long Run.
The court granted an approval and vesting order for the sale to Claude Levesque and Bernadette Levesque. Closing terms, as extracted: Vesting is effective upon delivery of the Receiver's certificate to the Purchaser (or its nominee) substantially in the form of Schedule 'A'. Sealed: The unredacted Sale Agreement is appended to a Confidential Supplement to the Sixth Report; only a redacted copy is appended to the Sixth Report.
The court granted an approval and vesting order for the sale to Mancal Energy Inc. Closing terms, as extracted: Vesting is subject to Alberta Energy Regulator approval of licence/permit transfers and takes effect upon delivery of the Receiver's Closing Certificate to the Purchaser (or its nominee). Sealed: Unredacted copy of the Sale Agreement, appended to the Confidential Supplement to the Sixth Report.
The court granted an approval and vesting order for the sale to Peyto Exploration & Development Corp. Closing terms, as extracted: Vesting is effective upon delivery of the Receiver's Closing Certificate to the Purchaser, subject only to Alberta Energy Regulator approval of the transfer of licences, permits and approvals; the certificate confirms payment of the purchase price, satisfaction or waiver of the Article 11 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
The court granted an approval and vesting order for the sale to WiT Energy Corp. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Closing Certificate to the Purchaser. Sealed: Unredacted copy of the Sale Agreement appended to the Confidential Supplement to the Sixth Report.
The court granted an approval and vesting order for the sale to Barrel Oil Corp., Mancal Energy Inc., Gheorghii Iftimii, Prestville Farms Ltd., Laurie Michalchuk, HoseRentals.com LTD. Sealed: Confidential Supplement to the Fifth Report.
The court granted an approval and vesting order for the sale to Gheorghii Iftimii. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction of Closing conditions. Sealed: unredacted Sale Agreement in Confidential Supplement.
The court granted an approval and vesting order for the sale to Laurie Michalchuk. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction/waiver of closing conditions. Sealed: unredacted Sale Agreement appended to Confidential Supplement.
The court granted an approval and vesting order for the sale to Prestville Farms Ltd. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction/waiver of closing conditions under Article 12 of the Sale Agreement. Sealed: unredacted Sale Agreement.
The court granted an approval and vesting order for the sale to HoseRentals.com LTD. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price, satisfaction/waiver of Article 12 closing conditions, and completion of the Transaction. Sealed: unredacted Sale Agreement.
The court granted an approval and vesting order for the sale to Mancal Energy Inc. Closing terms, as extracted: Vesting subject only to AER approval, effective upon delivery of the Receiver's Closing Certificate. Sealed: unredacted copy of the Sale Agreement in the Confidential Supplement to the Fourth Report.
The court granted an approval and vesting order for the sale to Coelacanth Energy Inc. Closing terms, as extracted: Vesting effective upon delivery of Receiver's Closing Certificate, subject to Energy Regulator approval of licence transfers.
The court granted an approval and vesting order for the sale to Barrel Oil Corp. Closing terms, as extracted: Vesting effective upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction of conditions to Closing, subject only to Energy Regulator approval of licence/permit transfers.
The court granted an approval and vesting order for the sale to Canadian Natural Resources Limited. Closing terms, as extracted: Vesting effective upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction of closing conditions.
The court granted an approval and vesting order for the sale to Cardinal Energy Ltd. Closing terms, as extracted: Vesting is subject to approval by the Alberta Energy Regulator and effective upon delivery of the Receiver's Closing Certificate.
The court granted an approval and vesting order for the sale to Clampett Energy Ltd. Closing terms, as extracted: Vesting is effective upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction of closing conditions, subject to Energy Regulator approval of licence transfers.
The court granted an approval and vesting order for the sale to Coelacanth Energy Ltd. Closing terms, as extracted: Vesting is subject to delivery of the Receiver's Closing Certificate confirming payment of purchase price and satisfaction of closing conditions, and subject only to approval by the Alberta Energy Regulator of transfer of applicable licenses, permits and approvals.
The court granted an approval and vesting order for the sale to Conifer Energy Inc. Closing terms, as extracted: Vesting effective upon delivery of the Receiver's Closing Certificate substantially in the form set out in Schedule A, subject to Energy Regulator approval of transfer of licenses/permits.
The court granted an approval and vesting order for the sale to North 40 Resources Ltd. Closing terms, as extracted: Vesting effective upon delivery of the Receiver's Closing Certificate, subject to Energy Regulator approval of license transfers.
The court granted an approval and vesting order for the sale to Outpost Energy Ltd. Closing terms, as extracted: Vesting effective upon delivery of the Receiver's Closing Certificate, subject to Alberta Energy Regulator approval of licence transfers.
The court granted an approval and vesting order for the sale to Ovintiv Canada ULC. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction/waiver of closing conditions.
The court granted an approval and vesting order for the sale to Paramount Resources Ltd. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Closing Certificate, subject to Energy Regulator approval of license/permit transfers.
The court granted an approval and vesting order for the sale to Baytex Energy Ltd. Closing terms, as extracted: Vesting effective upon delivery of the Receiver's Closing Certificate, subject to Energy Regulator approval of licence/permit transfers.
The court granted an approval and vesting order for the sale to Red Angus Energy Inc. Closing terms, as extracted: Vesting effective upon delivery of the Receiver's Closing Certificate, subject to Energy Regulator approval of transfer of licenses/permits.
The court granted an approval and vesting order for the sale to Ridgeline Exploration Inc. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Closing Certificate, subject to Energy Regulator approval of licence transfers.
Receivership application filed against Long Run Exploration Ltd. in the Court of King's Bench of Alberta, court file 2401 09247; receivership date recorded as March 5, 2025.
Against an estimated $380 million of abandonment and reclamation obligations and under $29 million of gross sale proceeds, PwC says no secured creditor will receive a distribution. On October 14 it asks for its own partial discharge and an order directing China Construction Bank's counsel to cancel the bank's fixed charges. CCB objects, the receiver reports.
The Orphan Well Association applied for this receivership. In March a loading line at a shut-in facility in northern Alberta froze and broke, and hydrocarbons spread downhill off lease onto a neighbour's land — a clean-up now costing about $2.75 million. Three weeks later the receiver issued a limited discharge certificate covering that facility along with every other unsold licensed asset.
Parties
Debtor
Long Run Exploration Ltd.
Applicant
Orphan Well Association
Receiver
PwC
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
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Priority class
Creditor
Amount
Source
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Secured
Calgary Sinoenergy Investment Corp.as of March 5, 2025 — Listed in Receiver's statement of secured parties (table in $000's, multiplied accordingly). A much larger figure ($560,929,215.59) for the same named party also appears separately in the Schedule 'A' unsecured creditors list on original page 13; document does not clarify relationship between the two listings, so both are reported as stated in their respective schedules. — debtor: Long Run Exploration Ltd.
$558M
Notice of Receiver 245(1), 246(1)
4
Secured
4
Secured
4
Secured
4
Secured
4
Secured
4
Secured
4
Secured
4
Secured
4
Secured
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17 more claims in 2 classes The stack holds Secured and Unsecured claims.
32 transactions · 23 closed · 8 approved · 1 proposed — The Receiver entered into an APA with Loyal for a significant number of Long Run's remaining mineral leases and recommends approval of the sale approval and vesting orders for the Proposed Loyal Transaction.Seventh Report of the Receiver · 2 Nov 2026
Red Angus Energy Inc.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · agreement 11 Sep 2025
Ridgeline Exploration Inc.the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · nominee/assignee: its nominee · agreement 11 Sep 2025
Sand Hills Div Corp Ltd.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · nominee/assignee: or its nominee · agreement 11 Sep 2025
Barrel Oil Corp.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · agreement 23 Oct 2025
Barrel Oil Corp.the Purchased Assets listed in Schedule "B" to the Barrel Approval and Vesting Order, as further amended to include the Amended Purchased Assets · asset sale · agreement 3 Sep 2025
Canadian Natural Resources Limitedthe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · nominee/assignee: its nominee · agreement 13 Nov 2025
Cardinal Energy Ltd.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · nominee/assignee: its nominee · agreement 29 Oct 2025
Clampett Energy Ltd.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · nominee/assignee: its nominee · agreement 18 Nov 2025
Conifer Energy Inc.the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · nominee/assignee: its nominee · agreement 20 Nov 2025
North 40 Resources Ltd.the Debtor's right, title and interest in and to the "Assets" as defined in the Sale Agreement (the " Purchased Assets ") · asset sale · agreement 21 Nov 2025
Outpost Energy Ltd.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · nominee/assignee: its nominee · agreement 25 Nov 2025
Ovintiv Canada ULCthe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · nominee/assignee: its nominee · agreement 21 Nov 2025
Paramount Resources Ltd.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · nominee/assignee: its nominee · agreement 21 Nov 2025
Mancal Energy Inc.the Purchased Assets as defined in the Mancal APA, as amended by the Mancal APA Amending Agreement · asset sale · agreement 27 Jan 2026
Gheorghii Iftimiithe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · real property · nominee/assignee: or its nominee · agreement 4 Jun 2026
HoseRentals.com LTD.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · nominee/assignee: its nominee · agreement 4 Jun 2026
Laurie Michalchukthe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · nominee/assignee: or its nominee · agreement 8 Jun 2026
Prestville Farms Ltd.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · nominee/assignee: its nominee · agreement 4 Jun 2026
Claude Levesque and Bernadette Levesquethe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the Lands legally described in the certificate of title and all buildings, structures, Chattels, fixtures and other improvements to and located on the Lands) · real property · agreement 18 Sep 2026
Mancal Energy Inc.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets'), as listed in Schedule 'B' (mineral property report of petroleum and natural gas leases) · asset sale · nominee/assignee: its nominee (vesting is in the Purchaser or its nominee; no nominee named) · agreement 28 Sep 2026
Peyto Exploration & Development Corp.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets'); Schedule 'B' lists Alberta Crown PNG Agreement #0502010218, TWP 55 RGE 18 W5M Sec 20, PNG to base Bluesky-Bullhead, 100% interest, excluding all wells, facilities, pipelines and associated infrastructure · asset sale · nominee/assignee: its nominee (the order vests the assets in the Purchaser "or its nominee"; no nominee is named) · agreement 15 Sep 2026
WiT Energy Corp.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · asset sale · nominee/assignee: its nominee · agreement 4 Sep 2026
Closing termsVesting is subject to Alberta Energy Regulator approval of licence/permit transfers and takes effect upon delivery of the Receiver's Closing Certificate to the Purchaser (or its nominee).Mancal Energy Inc. Approval and Vesting Order (Second) (Sale by…
Sealed materialsunredacted copy of the Baytex APA Amending Agreement; unredacted copy of the Sale Agreement in the Confidential Supplement to the Fourth Report; Confidential Supplement to the Fifth Report; unredacted Sale Agreement appended to Confidential Supplement; unredacted Sale Agreement in Confidential Supplement; unredacted Sale Agreement; The unredacted Sale Agreement is appended to a Confidential Supplement to the Sixth Report; only a redacted copy is appended to the Sixth Report.; Unredacted copy of the Sale Agreement appended to the Confidential Supplement to the Sixth ReportOrder (Amendment to Approval and Vesting Order Baytex Energy Ltd)
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.
Operational summaryThe Receiver reports that all of Long Run's material saleable Property has now been sold, with one final proposed sale (to Loyal) before the court, and that it is winding down the receivership and Long Run.
Cash on hand · Disbursements · Financial positionSubscribers
Closing confirmedClosed · 21 Oct 2026 · Peyto Exploration & Development Corp.
Sale outcomeSale closed — The Receiver certified that the Purchaser paid the Purchase Price, the closing conditions were satisfied or waived, and the Transaction was completed to the Receiver's satisfaction.
Levesque Approval and Vesting Order (Sale by Receiver)
Closing termsVesting is effective upon delivery of the Receiver's certificate to the Purchaser (or its nominee) substantially in the form of Schedule 'A'.
Order date14 October 2026
Presiding officerJustice M. H. Bourque
PurchaserClaude Levesque and Bernadette Levesque · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the Lands legally described in the certificate of title and all buildings, structures, Chattels, fixtures and other improvements to and located on the Lands) · real property · approved
Mancal Energy Inc. Approval and Vesting Order (Second) (Sale by Receiver)
Closing termsVesting is subject to Alberta Energy Regulator approval of licence/permit transfers and takes effect upon delivery of the Receiver's Closing Certificate to the Purchaser (or its nominee).
Order date14 October 2026
Presiding officerJustice M. H. Bourque
PurchaserMancal Energy Inc. · nominee/assignee its nominee (vesting is in the Purchaser or its nominee; no nominee named) · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets'), as listed in Schedule 'B' (mineral property report of petroleum and natural gas leases) · asset sale · approved
Order fourth (Amendment to Approval and Vesting Order: Barrel Oil Corp.)
Order date14 October 2026
Presiding officerJustice M. H. Bourque
PurchaserBarrel Oil Corp. · the Purchased Assets listed in Schedule "B" to the Barrel Approval and Vesting Order, as further amended to include the Amended Purchased Assets · asset sale · approved
Peyto Exploration Corp. Approval and Vesting Order (Sale by Receiver)
Closing termsVesting is effective upon delivery of the Receiver's Closing Certificate to the Purchaser, subject only to Alberta Energy Regulator approval of the transfer of licences, permits and approvals; the certificate confirms payment of the purchase price, satisfaction or waiver of the Article 11 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
Order date14 October 2026
Presiding officerJustice M. H. Bourque
PurchaserPeyto Exploration & Development Corp. · nominee/assignee its nominee (the order vests the assets in the Purchaser "or its nominee"; no nominee is named) · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets'); Schedule 'B' lists Alberta Crown PNG Agreement #0502010218, TWP 55 RGE 18 W5M Sec 20, PNG to base Bluesky-Bullhead, 100% interest, excluding all wells, facilities, pipelines and associated infrastructure · asset sale · approved
WIT Energy Corp. Approval and Vesting Order (Sale by Receiver)
Closing termsVesting occurs upon delivery of the Receiver's Closing Certificate to the Purchaser
Order date14 October 2026
Presiding officerJustice M. H. Bourque
PurchaserWiT Energy Corp. · nominee/assignee its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · asset sale · approved
Clear Hills Property Approval and Vesting Order (Sale by Receiver)
Closing termsVesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction of Closing conditions
Order date26 June 2026
Presiding officerJustice G. A. Kuntz
PurchaserGheorghii Iftimii · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · real property · approved
High Level Property Approval and Vesting Order (Sale by Receiver)
Closing termsVesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction/waiver of closing conditions
Order date26 June 2026
Presiding officerJustice G. A. Kuntz
PurchaserLaurie Michalchuk · nominee/assignee or its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
Order (Amendment to Approval and Vesting Order: Barrel Oil Corp.)
Order date26 June 2026
Presiding officerJustice A. G. Kuntz
PurchaserBarrel Oil Corp. · Purchased Assets as defined in the Barrel APA, as amended to remove Well 100/16-24-074-20W5/02, bearing licence number 0351725 · asset sale · approved
Order (Amendment to Approval and Vesting Order: Mancal Energy Inc.)
Order date26 June 2026
Presiding officerJustice A. G. Kuntz
PurchaserMancal Energy Inc. · the Purchased Assets as defined in the Mancal APA, as amended by the Mancal APA Amending Agreement · asset sale · approved
Peoria Property Approval and Vesting Order (Sale by Receiver)
Closing termsVesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction/waiver of closing conditions under Article 12 of the Sale Agreement.
Order date26 June 2026
Presiding officerJustice G. A. Kuntz
PurchaserPrestville Farms Ltd. · nominee/assignee its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
Redwater Property Approval and Vesting Order (Sale by Receiver)
Closing termsVesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price, satisfaction/waiver of Article 12 closing conditions, and completion of the Transaction.
Order date26 June 2026
Presiding officerJustice G. A. Kuntz
PurchaserHoseRentals.com LTD. · nominee/assignee its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
Approval of Amending Agreements; Approval of Sale and Vesting Title; Sealing; and Approval of Fees, R&D and Activities
Order date26 June 2026
Presiding officerJustice A. G. Kuntz
PurchaserBarrel Oil Corp. · amends the listing of Purchased Assets as defined in the Barrel APA · asset sale · approved; Mancal Energy Inc. · amends the listing of Purchased Assets as defined in the Mancal APA · asset sale · approved; Gheorghii Iftimii · nominee/assignee or its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · real property · approved; Prestville Farms Ltd. · nominee/assignee or its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · real property · approved; Laurie Michalchuk · nominee/assignee or its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · real property · approved; HoseRentals.com LTD. · nominee/assignee or its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · real property · approved
Sale advisorSayer Energy Advisors (sale agent); Royal LePage The Realty Group (listing broker); M&M Real Estate (listing broker); Re/Max Excellence (listing broker)
Amended Approval and Vesting Order (Sale by Receiver)
Closing termsVesting effective upon delivery of Receiver's Closing Certificate, subject to Energy Regulator approval of licence transfers
Order date15 December 2025
Presiding officerJustice G. S. Dunlop
PurchaserCoelacanth Energy Inc. · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
Mancal Energy Inc. Approval and Vesting Order (Sale by Receiver)
Closing termsVesting subject only to AER approval, effective upon delivery of the Receiver's Closing Certificate
Order date23 March 2026
Presiding officerJustice M. E. Burns
PurchaserMancal Energy Inc. · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
Recovery outcomeEntries: per unstated · Stated on: 2026-03-16 · Table missing:
Sale advisorSayer Energy Advisors (financial advisor)
Sale outcomeApproval pending — Receiver seeking approval of one proposed transaction and two amending agreements relating to previously approved transactions
Closing termsVesting effective upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction of conditions to Closing, subject only to Energy Regulator approval of licence/permit transfers.
Order date15 December 2025
Presiding officerJustice G. S. Dunlop
PurchaserBarrel Oil Corp. · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
Canadian Natural Resources Limited Approval and Vesting Order
Closing termsVesting effective upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction of closing conditions
Order date15 December 2025
Presiding officerJustice G. S. Dunlop
PurchaserCanadian Natural Resources Limited · nominee/assignee its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
Closing termsVesting is subject to approval by the Alberta Energy Regulator and effective upon delivery of the Receiver's Closing Certificate
Order date15 December 2025
Presiding officerJustice G. S. Dunlop
PurchaserCardinal Energy Ltd. · nominee/assignee its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
Closing termsVesting is effective upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction of closing conditions, subject to Energy Regulator approval of licence transfers.
Order date15 December 2025
Presiding officerJustice G. S. Dunlop
PurchaserClampett Energy Ltd. · nominee/assignee its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
Closing termsVesting is subject to delivery of the Receiver's Closing Certificate confirming payment of purchase price and satisfaction of closing conditions, and subject only to approval by the Alberta Energy Regulator of transfer of applicable licenses, permits and approvals
Order date15 December 2025
Presiding officerJustice G. S. Dunlop
PurchaserCoelacanth Energy Ltd. · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
Closing termsVesting effective upon delivery of the Receiver's Closing Certificate substantially in the form set out in Schedule A, subject to Energy Regulator approval of transfer of licenses/permits.
Order date15 December 2025
Presiding officerJustice G. S. Dunlop
PurchaserConifer Energy Inc. · nominee/assignee its nominee · the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
North 40 Resources Ltd. Certified Approval and Vesting Order
Closing termsVesting effective upon delivery of the Receiver's Closing Certificate, subject to Energy Regulator approval of license transfers
Order date15 December 2025
Presiding officerJustice G. S. Dunlop
PurchaserNorth 40 Resources Ltd. · the Debtor's right, title and interest in and to the "Assets" as defined in the Sale Agreement (the " Purchased Assets ") · asset sale · approved
Closing termsVesting effective upon delivery of the Receiver's Closing Certificate, subject to Alberta Energy Regulator approval of licence transfers
Order date15 December 2025
Presiding officerJustice G. S. Dunlop
PurchaserOutpost Energy Ltd. · nominee/assignee its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
Closing termsVesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction/waiver of closing conditions.
Order date15 December 2025
Presiding officerJustice G. S. Dunlop
PurchaserOvintiv Canada ULC · nominee/assignee its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
Paramount Resources Ltd. Approval and Vesting Order
Closing termsVesting occurs upon delivery of the Receiver's Closing Certificate, subject to Energy Regulator approval of license/permit transfers.
Order date15 December 2025
Presiding officerJustice G. S. Dunlop
PurchaserParamount Resources Ltd. · nominee/assignee its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
Closing termsVesting effective upon delivery of the Receiver's Closing Certificate, subject to Energy Regulator approval of licence/permit transfers
Order date14 October 2025
Presiding officerJustice D. R. Mah
PurchaserBaytex Energy Ltd. · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
Closing termsVesting effective upon delivery of the Receiver's Closing Certificate, subject to Energy Regulator approval of transfer of licenses/permits
Order date14 October 2025
Presiding officerJustice D. R. Mah
PurchaserRed Angus Energy Inc. · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
Ridgeline Exploration Inc. Approval and Vesting Order
Closing termsVesting occurs upon delivery of the Receiver's Closing Certificate, subject to Energy Regulator approval of licence transfers
Order date14 October 2025
Presiding officerJustice D. R. Mah
PurchaserRidgeline Exploration Inc. · nominee/assignee its nominee · the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
Sand Hills Div Corp Ltd. Approval and Vesting Order
Order date14 October 2025
Presiding officerJustice D. R. Mah
PurchaserSand Hills Div Corp Ltd. · nominee/assignee or its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Long Run Exploration Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 5 November 2026, https://proceedings.ca/case/long-run-exploration-ltd
Sources last checked · summary updated 12 August 2026 · Report a correction · Printed from proceedings.ca/case/long-run-exploration-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.