Petroglobe Inc.
- Proceeding
- BankruptcySubsection 102(1) of the Act
- File
- 25-1800298
Petroglobe Inc. is proceeding through bankruptcy. Its Statement of Affairs, filed as at October 17, 2013, records secured creditors of $30,054.00 held by Alberta Treasury Branch and Platinum Energy Services Corp., against total liabilities of $3,460,905.18 and a stated deficiency of $3,430,851.18. Alberta Treasury Branch holds a $1,800,000.00 claim secured by business assets, gas-well working interests, mineral leases and a gross overriding royalty, of which $1,769,947.00 is treated as unsecured based on the estimated value of that security. Combined with $1,660,904.18 in List A unsecured claims, owed to more than one hundred trade creditors, municipalities, law firms and individuals, the unsecured total matches the reported deficiency.
Debtor
Petroglobe Inc.
Trustee in bankruptcy
Hudson & Company Insolvency Trustees
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Alberta Treasury Branch · in 3 casesBusiness Assets - Stock in Trade (tanks, scada, skids, separators); Debts Due - Business (JIB Receivable, Trade Receivables); approx. 50 individual Gas Well working-interest percentages; Other - Mineral Leases (est. value $30,000); Other - GORR - Cessford (see List B, pp.8-12, for full itemized schedule) — Balance of claim listed as unsecured: $1,769,947.00 (bifurcated secured/unsecured per security valuation, per List B and mirrored in List A row for this creditor). Total estimated value of security for List B (shared with item 2 below) is $30,054.00. — debtor: PetroGlobe Inc. · as of 17 Oct 2013 | $1.8M | Creditor's Package |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
138 more claims in 2 classes The stack holds Secured and Unsecured claims.
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The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
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Creditor's Package
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CiteProceedings., “Petroglobe Inc.” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/petroglobe-inc