Petrocapita Oil and Gas L.P., Petrocapita G.P. I Ltd., Petrocapita Processing L.P. and Petrocapita GP II Ltd.

Petrocapita Oil and Gas L.P., together with Petrocapita G.P. I Ltd., Petrocapita Processing L.P. and Petrocapita GP II Ltd., has been in court-appointed receivership under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority since June 11, 2019, in the Court of Queen's Bench of Alberta under file 1901-07098. The proceeding remains active. Reported assets of Petrocapita Oil and Gas L.P. and Petrocapita G.P. I Ltd. stood at $38,381,000 on unaudited internal book value as at December 31, 2018, cash excepted at June 10, 2019, of which property and equipment net accounted for $36,285,000; no total liabilities figure was reported. Secured claims include senior secured debentures of $8,697,232.23 held through Alliance Trust Company as agent and a Safeway Holdings (Alberta) Ltd. debenture of $8,074,208.11, with amounts owed to Royal Bank of Canada, the Canada Revenue Agency, the Alberta Energy Regulator and Saskatchewan's Ministry of Energy and Resources recorded as unknown. Unsecured invoice balances total $7,235,957.55 against Petrocapita Oil and Gas L.P. and $24,925.11 against Petrocapita G.P. I Ltd.