OAN Resources Ltd.
FollowActive
- Proceeding
- BankruptcySection 50.4(9) of the Bankruptcy and Insolvency Act
- File
- 25-2523592
Filings held19
Last activity27 Mar 2020
On the record2,656 days
Secured debt$912K
OverviewSummary updated
OAN Resources Ltd. is bankrupt in the Court of King's Bench of Alberta under section 50.4(9) of the Bankruptcy and Insolvency Act, with commencement recorded on June 14, 2019 and again on August 19, 2019. The proceeding remains active. The Statement of Affairs, as at October 16, 2019, shows assets of $1,127,121.46 against liabilities of $6,241,824.19 and a stated deficiency of $5,114,702.73. Unsecured claims total $5,061,703.73; secured claims in List B total $1,180,120.46, with preferred creditors and contingent liabilities both nil. The secured claims are held largely by individuals and trusts taking security over a working interest in oil and gas property, the largest being John D. Wright at $911,500.00. The largest unsecured claims are Savanna Drilling Corp. at $233,331.96 and Patmore Oilfield Services Ltd. at $217,543.99.
Proceedings AIAsk this case — answers cite the filings
Case updates19 dated entries
#Filing
Brief of OAN Resources Ltd. re: Application for Second Extension – filed August 21, 2019 — Factum / brief
#Filing
Application filed in the Alberta court under section 50.4(9) of the Bankruptcy and Insolvency Act, recorded as a commencement date for the proceeding.
Source: Application for Second Extension of Stay – filed August 19, 2019
#Filing
Bench Brief of the Applicant re: Application for Extension of Stay – filed July 2, 2019 — Factum / brief
#Filing
OAN Resources Ltd. filed a Notice of Intention to make a Proposal, starting the Alberta proceeding recorded under court file BK NO: 25-2513592.
Source: Application re: Extension of Stay – filed June 28, 2019
Parties
Debtor
OAN Resources Ltd.
Trustee in bankruptcy
BDO
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Jeffrey | Court of King's Bench of Alberta | 1 order, Aug 2019 | 37 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Trustee in bankruptcyBDO | Bennett Jones LLP | 28 Jun 2019 | Application · 28 Jun 2019 |
| DebtorOAN Resources Ltd. | Bennett Jones LLP | 21 Jun 2019 | Order · 21 Jun 2019 |
| CreditorCWC Energy Services Corp and TAM International Oil Services Ltd.) | Burnet Duckworth & Palmer LLP | 28 Jun 2019 | Application · 28 Jun 2019 |
| CreditorHardy & Kelly Inc | Bennett Jones LLP | 21 Jun 2019 | Order · 21 Jun 2019 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | John D. WrightOther - Working Interest in Oil and Gas property; Debts Due - Business Production revenue receivable; Cash on hand - Proposal Trustee; Cash in bank RBC #1283977; Other - Equipment; Other - Inventory (Prepaid chemicals) — Estimated surplus from security shown but balance of claim column left blank on page 7; individual, possibly related party (surname matches Sol P. Wright, also secured) — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $912K | Statement of Affairs – signed |
| 4 | Secured | Sol P. WrightOther - Working Interest in Oil and Gas property; Other - Inventory (Prepaid chemicals); Other - Equipment; Cash in bank RBC #1283977; Cash on hand - Proposal Trustee; Debts Due - Business Production revenue receivable — Amount of claim stated as 911,500.00 with balance of claim of 642,879.54 after estimated value of security (268,620.46) applied; possibly related individual, same surname as John D. Wright — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $643K | Statement of Affairs – signed |
| 4 | Secured | Matt OsbournOther - Working Interest in Oil and Gas property — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $182K | Statement of Affairs – signed |
| 4 | Secured | John K. AssmanOther - Working Interest in Oil and Gas property — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $140K | Statement of Affairs – signed |
| 4 | Secured | Robert VanderhooftOther - Working Interest in Oil and Gas property — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $140K | Statement of Affairs – signed |
| 4 | Secured | Eric TyrrellOther - Working Interest in Oil and Gas property — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $126K | Statement of Affairs – signed |
| 4 | Secured | FOWB 2022Other - Working Interest in Oil and Gas property — c/o W. Brett Wilson — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $122K | Statement of Affairs – signed |
| 4 | Secured | Seer Development Ltd.Other - Working Interest in Oil and Gas property — attn Paul Verhesen — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $112K | Statement of Affairs – signed |
| 4 | Secured | Keith and Doris E. Minor TrustOther - Working Interest in Oil and Gas property — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $98K | Statement of Affairs – signed |
| 4 | Secured | AJD 40 TrustOther - Working Interest in Oil and Gas property — c/o W. Brett Wilson — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $70K | Statement of Affairs – signed |
| 4 | Secured | Northumberland TrustOther - Working Interest in Oil and Gas property — attn John Chambers — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $70K | Statement of Affairs – signed |
| 4 | Secured | Michael L. HornOther - Working Interest in Oil and Gas property — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $56K | Statement of Affairs – signed |
| 4 | Secured | Nicholas A. SannellaOther - Working Interest in Oil and Gas property — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $56K | Statement of Affairs – signed |
| 4 | Secured | RDW 40 TrustOther - Working Interest in Oil and Gas property — c/o W. Brett Wilson — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $53K | Statement of Affairs – signed |
| 4 | Secured | 1028453 Alberta Ltd.Other - Working Interest in Oil and Gas property — Balance of claim equals amount of claim; date of bankruptcy used per Form 78 — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $42K | Statement of Affairs – signed |
| 4 | Secured | Gerorge R. Wright Holdings Ltd.Other - Working Interest in Oil and Gas property — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $42K | Statement of Affairs – signed |
| 4 | Secured | LRW 40 TrustOther - Working Interest in Oil and Gas property — c/o W. Brett Wilson — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $35K | Statement of Affairs – signed |
| 4 | Secured | Donald E. SieckeOther - Working Interest in Oil and Gas property — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $35K | Statement of Affairs – signed |
| 4 | Secured | Peter KissOther - Working Interest in Oil and Gas property — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $28K | Statement of Affairs – signed |
| 4 | Secured | Rene LaPradeOther - Working Interest in Oil and Gas property — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $28K | Statement of Affairs – signed |
| 4 | Secured | Jordana Pine-AlgarOther - Working Interest in Oil and Gas property — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $28K | Statement of Affairs – signed |
| 4 | Secured | Jesse Lake Resources Ltd.Other - Working Interest in Oil and Gas property — attn Christian Buck; distinct from unsecured claim by same creditor for trade balance — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $14K | Statement of Affairs – signed |
| 8 | Unsecured | SAVANNA DRILLING CORP.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $233K | Statement of Affairs – signed |
| 8 | Unsecured | PATMORE OILFIELD SERVICES LTD.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $218K | Statement of Affairs – signed |
| 8 | Unsecured | PERFORMANCE PRODUCTION SERVICES INC.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $210K | Statement of Affairs – signed |
| 8 | Unsecured | SAUVE CONSTRUCTION LTD.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $190K | Statement of Affairs – signed |
| 8 | Unsecured | WESTERN CAMP SERVICES LTD.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $133K | Statement of Affairs – signed |
| 8 | Unsecured | ALBERTA TUBULAR PRODUCTS LTD · in 2 casesdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $127K | Statement of Affairs – signed |
| 8 | Unsecured | MAGNUM CEMENTING SERVICES OPERATIONS LTDdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $114K | Statement of Affairs – signed |
| 8 | Unsecured | 87-9 OILFIELD SERVICES LTD.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $104K | Statement of Affairs – signed |
| 8 | Unsecured | BLACKSTONE DRILLING FLUIDS LIMITED · in 2 casesdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $103K | Statement of Affairs – signed |
| 8 | Unsecured | Fairfax Energy Inc.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $103K | Statement of Affairs – signed |
| 8 | Unsecured | CWC ENERGY SERVICESdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $103K | Statement of Affairs – signed |
| 8 | Unsecured | WHITE WATER MANAGEMENT LTD.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $98K | Statement of Affairs – signed |
| 8 | Unsecured | TOTAL OILFIELD RENTALS LTD. · in 5 casesdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $95.9K | Statement of Affairs – signed |
| 8 | Unsecured | TAM INTERNATIONAL OIL SERVICES LTD.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $85.7K | Statement of Affairs – signed |
| 8 | Unsecured | NORTHERN WASTE DISPOSAL LTD. · in 2 casesdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $81.7K | Statement of Affairs – signed |
| 8 | Unsecured | MAX FUEL DISTRIBUTORS LTD. · in 5 casesdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $61.5K | Statement of Affairs – signed |
| 8 | Unsecured | TERVITA CORPORATION · in 22 casesdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $55.7K | Statement of Affairs – signed |
| 8 | Unsecured | PEER BROTHER INDUSTRIES INC.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $46K | Statement of Affairs – signed |
| 8 | Unsecured | QUINN PUMPS CANADA LTD. · in 3 casesdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $44.3K | Statement of Affairs – signed |
| 8 | Unsecured | STRATEGIC PROJECTS INCdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $41.8K | Statement of Affairs – signed |
| 8 | Unsecured | HIGHWOOD OIL COMPANY LTD.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $39.7K | Statement of Affairs – signed |
| 8 | Unsecured | AVALANCHE ACID HAULING LTD.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $30.3K | Statement of Affairs – signed |
| 8 | Unsecured | BLUEWAVE ENERGY · in 20 casesdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $28.5K | Statement of Affairs – signed |
| 8 | Unsecured | LYLE'S TRUCKINGdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $27.9K | Statement of Affairs – signed |
| 8 | Unsecured | Trican Well Services Ltd. · in 2 casesdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $27.5K | Statement of Affairs – signed |
| 8 | Unsecured | PITBULL ENERGY SERVICESdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $25.4K | Statement of Affairs – signed |
| 8 | Unsecured | IRON EAGLE HOT OILING LTD · in 2 casesdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $23.5K | Statement of Affairs – signed |
| 8 | Unsecured | LOON RIVER TRUCKING LTD.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $22.7K | Statement of Affairs – signed |
| 8 | Unsecured | STEP ENERGY SERVICES · in 3 casesdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $22K | Statement of Affairs – signed |
| 8 | Unsecured | CRIMSON OIL & GAS LTD. · in 2 casesdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $21.3K | Statement of Affairs – signed |
| 8 | Unsecured | BLACK GOLD ANCHORS LTD.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $20.8K | Statement of Affairs – signed |
| 8 | Unsecured | RJB OILFIELD SERVICES LTD.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $20.8K | Statement of Affairs – signed |
| 8 | Unsecured | MD OF OPPORTUNITY NO. 17municipal — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $20.6K | Statement of Affairs – signed |
| 8 | Unsecured | RED PLANET TRUCKING LTD.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $19.6K | Statement of Affairs – signed |
| 8 | Unsecured | STREAM-FLO INDUSTRIES LTD.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $19.3K | Statement of Affairs – signed |
| 8 | Unsecured | TRYTON TOOL SERVICES · in 8 casesdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $19.1K | Statement of Affairs – signed |
| 8 | Unsecured | REMOTE WIRELINE SERVICES (2011) LTD.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $18.5K | Statement of Affairs – signed |
| 8 | Unsecured | ASTRO OILFIELD RENTALS LTDdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $16.1K | Statement of Affairs – signed |
| 8 | Unsecured | SILVERLINE WIRELINEdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $14.7K | Statement of Affairs – signed |
| 8 | Unsecured | LAVOIE HOLDINGS LTD.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $14.6K | Statement of Affairs – signed |
| 8 | Unsecured | JR'S PRESSURE SERVICE · in 2 casesdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $14.5K | Statement of Affairs – signed |
| 8 | Unsecured | AB Dept of Energy - Corp. Bankruptcies/Crown Royalattn Peter Mittal — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $13K | Statement of Affairs – signed |
| 8 | Unsecured | EXACT OILFIELD DEVELOPING LTD.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $12.2K | Statement of Affairs – signed |
| 8 | Unsecured | APEX DISTRIBUTION INC. · in 12 casesdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $11.9K | Statement of Affairs – signed |
| 8 | Unsecured | BEARSTONE ENVIRONMENTAL SOLUTIONS INC.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $11.7K | Statement of Affairs – signed |
| 8 | Unsecured | INTRICATE GROUP INC. · in 3 casesdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $11.4K | Statement of Affairs – signed |
| 8 | Unsecured | AERO RENTAL SERVICESdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $10.8K | Statement of Affairs – signed |
| 8 | Unsecured | Pipe Opics Integrity Solutions Inc.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $9.21K | Statement of Affairs – signed |
| 8 | Unsecured | 676853 AB LTD. O/A C-SIX WATERHAULINGdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $8.52K | Statement of Affairs – signed |
| 8 | Unsecured | SYNERGY LAND SERVICES LTD.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $8.41K | Statement of Affairs – signed |
| 8 | Unsecured | SILVERTIP RENTALS INC.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $8.3K | Statement of Affairs – signed |
| 8 | Unsecured | NEWSCO INTERNATIONAL ENERGY SERVICES INC · in 2 casesdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $8.04K | Statement of Affairs – signed |
| 8 | Unsecured | HIGHFIRE ENERGY SERVICES LTD.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $7.59K | Statement of Affairs – signed |
| 8 | Unsecured | GALEY INSPECTION SERVICES LTD.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $6.57K | Statement of Affairs – signed |
| 8 | Unsecured | Jesse Lake Resources Ltd. (trade)separate listing at 1250-635 8 Ave SW Calgary address — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $6.56K | Statement of Affairs – signed |
| 8 | Unsecured | Attack Oilfield Services Inc.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $5.78K | Statement of Affairs – signed |
| 8 | Unsecured | 799430 AB LTD. O/A MSS TRUCKINGdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $5.43K | Statement of Affairs – signed |
| 8 | Unsecured | CVS CONTROLS LTD. · in 3 casesdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $5.29K | Statement of Affairs – signed |
| 8 | Unsecured | Element Resource Development Inc.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $5.25K | Statement of Affairs – signed |
| 8 | Unsecured | Rafael Ford Business Consultingdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $5.25K | Statement of Affairs – signed |
| 8 | Unsecured | Fricker Enterprises Ltd.possible related party (bankrupt's affiant is David Fricker) — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $5.25K | Statement of Affairs – signed |
| 8 | Unsecured | CREAM ENERGY GROUP · in 2 casesdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $5.07K | Statement of Affairs – signed |
| 8 | Unsecured | TEAM INDUSTRIAL SERVICES TISI CANADA INC.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $4.94K | Statement of Affairs – signed |
| 8 | Unsecured | Sequoia Helicoptersdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $4.43K | Statement of Affairs – signed |
| 8 | Unsecured | 755228 AB LTD. O/A K & S WELDINGdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $4.32K | Statement of Affairs – signed |
| 8 | Unsecured | RYDER FLUID SOLUTIONS INC. · in 2 casesdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $3.9K | Statement of Affairs – signed |
| 8 | Unsecured | Victory Pressure Servicesdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $3.66K | Statement of Affairs – signed |
| 8 | Unsecured | BEARTRAX PUMPJACK SERVICES INC.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $3.4K | Statement of Affairs – signed |
| 8 | Unsecured | P2 Energy Solutions Alberta ULC · in 9 casesdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $3.35K | Statement of Affairs – signed |
| 8 | Unsecured | BOSS PRESSURE SERVICESdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $3.24K | Statement of Affairs – signed |
| 8 | Unsecured | RBW WASTE MANAGEMENT (NORTHERN) LTD. · in 2 casesdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $3.08K | Statement of Affairs – signed |
| 8 | Unsecured | SILVER TIP ENTERPRISES LTD.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $3.03K | Statement of Affairs – signed |
| 8 | Unsecured | Doreen Scheidtdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $2.52K | Statement of Affairs – signed |
| 8 | Unsecured | Gunnar Resources Inc.attn Kevin Dickson — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $2.43K | Statement of Affairs – signed |
| 8 | Unsecured | LORY OILFIELD RENTALS INC. · in 4 casesdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $2.27K | Statement of Affairs – signed |
| 8 | Unsecured | Alberta Energy Regulator · in 25 casesregulatory — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $2.12K | Statement of Affairs – signed |
| 8 | Unsecured | Measurement Inc.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $2.03K | Statement of Affairs – signed |
| 8 | Unsecured | MI CASA RENTALS INC.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $1.82K | Statement of Affairs – signed |
| 8 | Unsecured | ALBERTA-PACIFIC FOREST INDUSTRIES INC.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $1.54K | Statement of Affairs – signed |
| 8 | Unsecured | Betta System Services Ltd.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $696 | Statement of Affairs – signed |
| 8 | Unsecured | Land Solutionsdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $520 | Statement of Affairs – signed |
| 8 | Unsecured | Alberta Petroleum Marketing Commission · in 6 casesregulatory — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $340 | Statement of Affairs – signed |
| 8 | Unsecured | Benoit Regulatory Compiance Inc.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $315 | Statement of Affairs – signed |
| 8 | Unsecured | Big Sky Call Centres Inc. · in 2 casesdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $1 | Statement of Affairs – signed |
| 8 | Unsecured | NRG Process Solutionsdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $1 | Statement of Affairs – signed |
| 8 | Unsecured | BLACKROCK AUTOMATION LTD.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $1 | Statement of Affairs – signed |
| 8 | Unsecured | CRA - Tax - Prairies · in 86 casesdeemed trust/CRA class — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $1 | Statement of Affairs – signed |
| 8 | Unsecured | Petrosight Inc. · in 3 casesdebtor: OAN Resources Ltd. · as of 16 Oct 2019 | $1 | Statement of Affairs – signed |
| 8 | Unsecured | HUDGEON'S WELDING LTD.debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $1 | Statement of Affairs – signed |
| 8 | Unsecured | Eric TyrrellUnsecured claim shown as 0.00; balance of claim 126,000.00 recorded as secured claim — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $0 | Statement of Affairs – signed |
| 8 | Unsecured | 1028453 Alberta Ltd.Unsecured claim shown as 0.00; balance of claim 42,000.00 recorded as secured claim (see secured list) — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $0 | Statement of Affairs – signed |
| 8 | Unsecured | RDW 40 TrustUnsecured claim shown as 0.00; balance of claim 53,000.00 recorded as secured claim — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $0 | Statement of Affairs – signed |
| 8 | Unsecured | Donald E. SieckeUnsecured claim shown as 0.00; balance of claim 35,000.00 recorded as secured claim — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $0 | Statement of Affairs – signed |
| 8 | Unsecured | Rene LaPradeUnsecured claim shown as 0.00; balance of claim 28,000.00 recorded as secured claim — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $0 | Statement of Affairs – signed |
| 8 | Unsecured | Matt OsbournUnsecured claim shown as 0.00; balance of claim 182,000.00 recorded as secured claim — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $0 | Statement of Affairs – signed |
| 8 | Unsecured | Robert VanderhooftUnsecured claim shown as 0.00; balance of claim 140,000.00 recorded as secured claim — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $0 | Statement of Affairs – signed |
| 8 | Unsecured | AJD 40 TrustUnsecured claim shown as 0.00; balance of claim 70,000.00 recorded as secured claim — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $0 | Statement of Affairs – signed |
| 8 | Unsecured | Seer Development Ltd.Unsecured claim shown as 0.00; balance of claim 112,000.00 recorded as secured claim — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $0 | Statement of Affairs – signed |
| 8 | Unsecured | LRW 40 TrustUnsecured claim shown as 0.00; balance of claim 35,000.00 recorded as secured claim — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $0 | Statement of Affairs – signed |
| 8 | Unsecured | Keith and Doris E. Minor TrustUnsecured claim shown as 0.00; balance of claim 98,000.00 recorded as secured claim — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $0 | Statement of Affairs – signed |
| 8 | Unsecured | Jesse Lake Resources Ltd. (Christian Buck)Unsecured claim shown as 0.00; balance of claim 14,000.00 recorded as secured claim (distinct entry from trade balance below) — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $0 | Statement of Affairs – signed |
| 8 | Unsecured | Sol P. WrightUnsecured claim shown as 0.00; balance of claim 642,879.54 recorded as secured claim (bifurcated by security valuation) — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $0 | Statement of Affairs – signed |
| 8 | Unsecured | Peter KissUnsecured claim shown as 0.00; balance of claim 28,000.00 recorded as secured claim — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $0 | Statement of Affairs – signed |
| 8 | Unsecured | John K. AssmanUnsecured claim shown as 0.00; balance of claim 140,000.00 recorded as secured claim — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $0 | Statement of Affairs – signed |
| 8 | Unsecured | Gerorge R. Wright Holdings Ltd.Unsecured claim shown as 0.00; balance of claim 42,000.00 recorded as secured claim — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $0 | Statement of Affairs – signed |
| 8 | Unsecured | Northumberland TrustUnsecured claim shown as 0.00; balance of claim 70,000.00 recorded as secured claim — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $0 | Statement of Affairs – signed |
| 8 | Unsecured | Jordana Pine-AlgarUnsecured claim shown as 0.00; balance of claim 28,000.00 recorded as secured claim — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $0 | Statement of Affairs – signed |
| 8 | Unsecured | FOWB 2022Unsecured claim shown as 0.00; balance of claim 122,000.00 recorded as secured claim — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $0 | Statement of Affairs – signed |
| 8 | Unsecured | Nicholas A. SannellaUnsecured claim shown as 0.00; balance of claim 56,000.00 recorded as secured claim — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $0 | Statement of Affairs – signed |
| 8 | Unsecured | Michael L. HornUnsecured claim shown as 0.00; balance of claim 56,000.00 recorded as secured claim — debtor: OAN Resources Ltd. · as of 16 Oct 2019 | $0 | Statement of Affairs – signed |
Sale processAs stated in the filings
Approval pending — Details of the offer received to acquire all of OAN's petroleum and natural gas assets and the Trustee's recommendation thereonFirst Report of the Trustee (unfiled) · 16 Mar 2020
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Crimson Energy Ltd.all of the interest of the Vendor in and to the Assets · asset sale | $10Kallocated: Petroleum and Natural Gas Rights $7,990.00; Tangibles $2000.00; Miscellaneous Interests $10.00 | Proposed | First Report of the Trustee (unfiled) |
AdvisorsSayer Energy Advisors (sale agent); Veracity Energy Services Ltd. (sale agent)First Report of the Trustee (unfiled)
Estate financialsReported figures — never derived
Total assets at filing$1.13M
Total liabilities at filing$6.24M
As at 16 Oct 2019 · per Statement of Affairs as stated and estimated by the officer · entity - OAN Resources Ltd. (bankrupt) — Preferred creditors (List C) and contingent liabilities (List D) both nil; total unsecured creditors (unsecured claim + balance of claim) 5,061,703.73; secured creditors as per List B 1,180,120.46; deficiency stated as 5,114,702.73
Documents
19 filings
| Date | Document | File |
|---|---|---|
| Application re: Sale Approval and Vesting Order (unfiled) | ||
First Report of the Trustee (unfiled)
| ||
| Mailer | ||
Statement of Affairs – signed
| ||
| Creditor Package | ||
| Certificate of Assignment | ||
| Sale Solicitation Process | ||
Order re: Extension of Time to File Proposal
| ||
| Brief of OAN Resources Ltd. re: Application for Second Extension – filed August 21, 2019 | ||
| Second Report of Proposal Trustee | ||
| Affidavit of David Fricker – filed August 19, 2019 | ||
Application for Second Extension of Stay – filed August 19, 2019
| ||
| Order re: Extension of Time to File Proposal and Critical Suppliers – July 8 2019 | ||
| Bench Brief of the Applicant re: Application for Extension of Stay – filed July 2, 2019 | ||
First Report of Proposal Trustee
| ||
| Affidavit of David Fricker – filed June 28, 2019 | ||
Application re: Extension of Stay – filed June 28, 2019
| ||
Consent Order re: Builders' Lien
| ||
| Initial Notification to Creditors | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “OAN Resources Ltd.” (Bankruptcy), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/oan-resources-ltd