Proceedings.

Rogers Oil & Gas Inc

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Proceeding
CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
Court
Court of King's Bench of Alberta
File
1101-11261
Industry
Energy · Oil & gas production
Filings held52
Last activity15 Dec 2015
On the record5,559 days
OverviewSummary updated

Rogers Oil & Gas Inc remains in active insolvency proceedings before the Court of King's Bench of Alberta under file 1101-11261, commenced August 17, 2011, with Ernst & Young Inc. acting as Monitor. A plan was implemented May 24, 2013, and the Monitor's schedule of distributions records opening claims as at that date of $581,314 for Class 1 debenture holders, $6,523,504 for Class 2 and $13,140,936 for Classes 3 through 6, all unsecured. Under the Alternative Plan Scheme of Distribution, Class 1 takes 60% of distributions, Class 2 takes 32% and Classes 3 through 6 share 8%. As at November 28, 2014 the ending claims stood at $288,624, $6,367,403 and $13,101,910 respectively.

Claims processIf you are owed money

A claims procedure has been established — see the order for deadlines.

Per the Application - Stay Extension & Claims Process dated 16 April 2012.

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Case updates52 dated entries
#Report

The officer filed report no. Seventeenth Report of the Monitor. ROGI has completed the sale of its remaining oil and gas working interests and distributed most proceeds to Debenture Holders; it is now winding down its CCAA proceedings, settling remaining liabilities and preparing a Final Distribution before seeking discharge of the Monitor, CIO and Debenture Holders' Committee.

Source: 17. Seventeenth Report of the Monitor

#Sale

The court granted an approval and vesting order for the sale to Spartan Energy Corp. Closing terms, as extracted: Vesting occurs upon filing of the Monitor's Certificate confirming closing. Sealed: Confidential Supplemental to the Sixteenth Report.

Source: Order

#Report

The officer filed report no. Fifteenth Report. ROGI's proposed acquisition by Abby has collapsed due to Abby's unrectified forward stock split, and ROGI is now seeking court approval to terminate the Abby Plan and implement the Alternative Plan under the Master Plan, distributing net revenue from its oil and gas working interests to Affected Creditors.

Source: 15. Fifteenth Report of the Monitor

#Report

The officer filed report no. Fourteenth Report. ROGI continues efforts to implement its CCAA plan of arrangement pending resolution of a material adverse change (Abby's forward stock split) affecting the Abby Transaction, and is seeking a stay extension to January 31, 2013 to allow this to be resolved.

Source: 14. Fourteenth Report of the Monitor

#Report

The officer filed report no. Thirteenth Report. The report addresses a material adverse change to the Abby acquisition of ROGI arising from an undisclosed 5:1 forward stock split by Abby that dilutes the Debenture Holders' expected ownership, and describes ROGI's options including terminating the Abby Transaction or renegotiating it, alongside a note on charges against Abby's legal counsel.

Source: 13. Thirteenth Report of the Monitor

#Report

The officer filed report no. Twelfth Report. ROGI is working to complete remaining steps (rectification order compliance, audit of 2011 financials, and finalizing agreement with Abby Inc.) to implement its sanctioned Plan, and is seeking a stay extension to December 28, 2012 to do so.

Source: 12. Twelfth Report of the Monitor

#Report

The officer filed report no. Eleventh Report. ROGI continues to operate under CCAA protection while pursuing a Rectification Order with CRA regarding flow-through share tax liability and seeking to implement its Court-sanctioned Plan of Arrangement, including obtaining an audit and updated reserve report to complete a transaction with Abby Inc.

Source: 11. Eleventh Report of the Monitor

#Report

The officer filed report no. Tenth Report of the Monitor. ROGI's creditors approved the Plan of Arrangement at the August 14, 2012 meeting, and the Company is proceeding toward implementation, including the Abby Transaction and resolution of a CRA flow-through share tax audit, while seeking a stay extension to September 30, 2012.

Source: 10. Tenth Report of the Monitor

#Report

The officer filed report no. Ninth Report. ROGI is in CCAA proceedings pursuing a plan of arrangement involving acquisition by Abby Inc.; the ASC has raised disclosure and cease-trade order concerns requiring a supplemental circular and delay of the creditors' meeting, and ROGI is seeking a stay extension to August 17, 2012.

Source: 9. Ninth Report of the Monitor

#Report

The officer filed report no. Eighth Report. ROGI continues limited operations while pursuing a CCAA plan of arrangement built around either a transaction with Abby Inc. or, failing that, a multi-year run-off of its oil and gas working interests to fund distributions to debenture holders.

Source: 8. Eighth Report of the Monitor

#Report

The officer filed report no. Sixth Report. ROGI continues its CCAA restructuring, managing a claims process for creditors, negotiating an investment agreement/plan, and seeking a further extension of the stay period while operating its oil and gas working interests under an appointed Chief Information Officer.

Source: 6. Sixth Report of the Monitor

#Report

The officer filed report no. Fifth Report. ROGI continues to hold working interests in oil and gas assets while the Monitor pursues a Plan of Arrangement based on an investment proposal, runs a claims process, and investigates intercompany transactions with related entities; the sole director is under investigation and is being asked to resign.

Source: 5. Fifth Report of the Monitor

#Report

The officer filed report no. Fourth Report. ROGI continues to operate its non-operating oil and gas working interests while pursuing a strategic investment solicitation process and, following committee direction, an amended process soliciting purchase bids for its assets.

Source: 4. Fourth Report of the Monitor

#Report

The officer filed report no. Third Report of the Monitor. ROGI continues to operate its non-operated oil and gas working interests while pursuing a strategic investment solicitation process (SISP) rather than an outright asset sale, and is deferring professional fee payments pending sufficient oil and gas revenues.

Source: 3. Third Report of the Monitor

#Report

The officer filed report no. First Report of the Monitor. ROGI holds non-operating working interests in about 21 oil and gas wells operated by Petrex and is under severe cash constraints (employees in wage arrears, excess cash calls wiping out expected net revenues). It has moved to cheaper office space and needs a $40,000 DIP facility to fund operations until late September 2011.

Source: 1. First Report of the Monitor

Parties

Debtor

Rogers Oil & Gas Inc

Monitor

EY

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice YamauchiCourt of King's Bench of Alberta4 orders, Nov 2011 – Oct 201237 cases on record
Justice LovecchioCourt of King's Bench of Alberta2 orders, Jun 2012 – Jan 201313 cases on record
Justice RomaineCourt of King's Bench of Alberta2 orders, Apr 201291 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorEYNorton Rose Canada LLP (now Norton Rose Fulbright Canada LLP)
Previously Macleod Dixon LLP (last seen 23 Nov 2011; now Norton Rose Fulbright Canada LLP)
1 Sep 2011Service list · 15 May 2012
ApplicantRogers Oil & Gas IncFraser Milner Casgrain LLP (now Dentons Canada LLP)23 Nov 2011Service list · 23 Nov 2011
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
Priority classCreditorAmountSource
UnsecuredDebenture Holders (Class 3-6) · in 3 casesas of Plan Implementation Date (May 24, 2013) — Unsecured debenture holders; Classes 3-6 receive 8% of distributions under Alternative Plan Scheme of Distribution; ending claim as at November 28, 2014 was $13,101,910 — debtor: Rogers Oil & Gas Inc.$13.1M16. Sixteenth Report of the Monitor
Unsecured
Unsecured

2 more claims in 1 class The stack holds Unsecured claims.

Every creditor and every amount, drawn to scale.

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Sale processAs stated in the filings

3 transactions · 1 proposed · 1 approved · 1 closed — ROGI closed the sale of its Oil and Gas Interests in accordance with the APA and collected proceeds of $2.15 million from the sale17. Seventeenth Report of the Monitor · 15 Dec 2015

Parties solicited

130

4. Fourth Report of the Monitor

Bids received

4

4. Fourth Report of the Monitor

Bid deadline (round closed)

27 January 2012

Application - 3rd Stay Extension, SISP & Related Party…

PurchaserPriceStatusSource
Abby Inc.the transaction with Abby Inc. as described in ROGI's plan of arrangement · share salenot statedProposed12. Twelfth Report of the Monitor
Spartan Energy Corp.the purchase and sale of the Assets · asset saleSubscribersApproved16 Dec 2014Order
unnamed third party oil and gas company, referred to as "the Purchaser"the Oil and Gas Interests including the associated mineral rights, surface leases, pipelines and a blending facility · asset saleSubscribersCloseddate not stated17. Seventeenth Report of the Monitor
AdvisorsErnst & Young Inc. (financial advisor)Application - 3rd Stay Extension, SISP & Related Party Records
Closing termsVesting occurs upon filing of the Monitor's Certificate confirming closingOrder
Sealed materialsConfidential Supplemental to the Sixteenth ReportOrder
RecoveriesAs declared or paid

Series 1 Debenture Holders: paid in full.Final17. Seventeenth Report of the Monitor · 15 Dec 2015

ClassCreditorClaimsRecoveryBasisSource
SecuredSeries 1 Debenture Holders—paid in fullFinalper the monitor17. Seventeenth Report of the Monitor · 15 Dec 2015
SecuredSeries 2 Debenture Holders—a distributionfinalconditionalUnder the plansanctionedper the monitor17. Seventeenth Report of the Monitor · 15 Dec 2015
SecuredSeries 3 to 6 Debenture Holders—a distributionfinalconditionalUnder the plansanctionedper the monitor17. Seventeenth Report of the Monitor · 15 Dec 2015

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.

Estate financialsReported figures — never derived
Total assets at filing

As at ·

Cumulative receipts

$2.67M

As at 15 Dec 201517. Seventeenth Report of the Monitor

Cumulative disbursements

As at

Cash on hand

As at

Professional fees

As at

3 more reported figures, and the total the debtor stated at filing

Each one as the filing states it, with its source.

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Documents
52 filings
DateDocumentFile
17. Seventeenth Report of the Monitor
  • Closing confirmed Closed · date not stated
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 9 more extracted facts
PDF · Subscribers
Order
  • Closing terms Vesting occurs upon filing of the Monitor's Certificate confirming closing
  • Order date 16 December 2014
  • Presiding officer Justice Horner
  • Purchaser Spartan Energy Corp. · the purchase and sale of the Assets · asset sale · approved
  • + 3 more extracted facts
PDF · Subscribers
16. Sixteenth Report of the Monitor
  • Appointee Ernst & Young Inc.
  • Appointee role Monitor
  • Commencement date 17 August 2011
  • Court COURT OF QUEEN'S BENCH OF ALBERTA
  • + 7 more extracted facts
PDF · Subscribers
Order - Alternative Plan Implementation
  • Presiding officer Justice LoVecchio
PDF · Subscribers
15. Fifteenth Report of the Monitor
  • Operational summary ROGI's proposed acquisition by Abby has collapsed due to Abby's unrectified forward stock split, and ROGI is now seeking court approval to terminate the Abby Plan and implement the Alternative Plan under the Master Plan, distributing net revenue from its oil and gas working interests to Affected Creditors.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
14. Fourteenth Report of the Monitor
  • Operational summary ROGI continues efforts to implement its CCAA plan of arrangement pending resolution of a material adverse change (Abby's forward stock split) affecting the Abby Transaction, and is seeking a stay extension to January 31, 2013 to allow this to be resolved.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
13. Thirteenth Report of the Monitor
  • Operational summary The report addresses a material adverse change to the Abby acquisition of ROGI arising from an undisclosed 5:1 forward stock split by Abby that dilutes the Debenture Holders' expected ownership, and describes ROGI's options including terminating the Abby Transaction or renegotiating it, alongside a note on charges against Abby's legal counsel.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
12. Twelfth Report of the Monitor
  • Operational summary ROGI is working to complete remaining steps (rectification order compliance, audit of 2011 financials, and finalizing agreement with Abby Inc.) to implement its sanctioned Plan, and is seeking a stay extension to December 28, 2012 to do so.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 7 more extracted facts
PDF · Subscribers
Order - ASC Investigation Order
  • Order date 17 October 2012
  • Presiding officer Justice Yamauchi
  • Stalking horse Subscribers
PDF · Subscribers
Order - Rectification Order
  • Presiding officer Justice Yamau
PDF · Subscribers
11. Eleventh Report of the Monitor
  • Operational summary ROGI continues to operate under CCAA protection while pursuing a Rectification Order with CRA regarding flow-through share tax liability and seeking to implement its Court-sanctioned Plan of Arrangement, including obtaining an audit and updated reserve report to complete a transaction with Abby Inc.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 7 more extracted facts
PDF · Subscribers
Affidavit of Jerri Beauchamp - RectificationPDF · Subscribers
Affidavit of John Rogers - RectificationPDF · Subscribers
Order - Plan Sanction Order
  • Counsel Nortonrose LLP
  • Presiding officer Justice Yamauchi
PDF · Subscribers
10. Tenth Report of the Monitor
  • Operational summary ROGI's creditors approved the Plan of Arrangement at the August 14, 2012 meeting, and the Company is proceeding toward implementation, including the Abby Transaction and resolution of a CRA flow-through share tax audit, while seeking a stay extension to September 30, 2012.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Order - Amended Creditors' MeetingPDF · Subscribers
9. Ninth Report of the Monitor
  • Operational summary ROGI is in CCAA proceedings pursuing a plan of arrangement involving acquisition by Abby Inc.; the ASC has raised disclosure and cease-trade order concerns requiring a supplemental circular and delay of the creditors' meeting, and ROGI is seeking a stay extension to August 17, 2012.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Creditors Meeting Order
  • Presiding officer Justice LoVecchio
PDF · Subscribers
8. Eighth Report of the Monitor
  • Operational summary ROGI continues limited operations while pursuing a CCAA plan of arrangement built around either a transaction with Abby Inc. or, failing that, a multi-year run-off of its oil and gas working interests to fund distributions to debenture holders.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Order - Stay Extension
  • Presiding officer Justice Kent
PDF · Subscribers
Order - Sixth Stay Extension
  • Presiding officer Justice Jeffrey
PDF · Subscribers
6. Sixth Report of the Monitor
  • Operational summary ROGI continues its CCAA restructuring, managing a claims process for creditors, negotiating an investment agreement/plan, and seeking a further extension of the stay period while operating its oil and gas working interests under an appointed Chief Information Officer.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Service List - Current to
  • Counsel Norton Rose Canada LLP
PDF · Subscribers
Proof of ClaimPDF · Subscribers
ROGI - Letter to Creditors re. Claim - v1
PDF · Subscribers
Application - Stay Extension & Claims Process
  • Presiding officer Justice Romaine
PDF · Subscribers
Appointment Order
  • Applicant Rogers Oil & Gas Inc.
  • Commencement date 16 April 2012
  • Court COURT OF QUEEN'S BENCH OF ALBERTA
  • Court file no 1101-11261
PDF · Subscribers
Claims Procedure OrderPDF · Subscribers
Order - Fifth Stay Extension
  • Presiding officer Justice Romaine
PDF · Subscribers
5. Fifth Report of the Monitor
  • Operational summary ROGI continues to hold working interests in oil and gas assets while the Monitor pursues a Plan of Arrangement based on an investment proposal, runs a claims process, and investigates intercompany transactions with related entities; the sole director is under investigation and is being asked to resign.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Order - Fourth Stay Extension
  • Presiding officer Justice Eidsvik
PDF · Subscribers
4. Fourth Report of the Monitor
  • Operational summary ROGI continues to operate its non-operating oil and gas working interests while pursuing a strategic investment solicitation process and, following committee direction, an amended process soliciting purchase bids for its assets.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 7 more extracted facts
PDF · Subscribers
Order - Third Stay Extension
  • Presiding officer Justice Yamauchi
PDF · Subscribers
Application - 3rd Stay Extension, SISP & Related Party Records
  • Bid deadline 27 January 2012
  • Order date 25 November 2011
  • Presiding officer Justice Yamauchi
  • Break fee Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Service List - 3rd Stay Extension, SISP & Related Party Records
  • Counsel Fraser Milner Casgrain LLP
PDF · Subscribers
3. Third Report of the Monitor
  • Operational summary ROGI continues to operate its non-operated oil and gas working interests while pursuing a strategic investment solicitation process (SISP) rather than an outright asset sale, and is deferring professional fee payments pending sufficient oil and gas revenues.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 6 more extracted facts
PDF · Subscribers
Affidavit of John Rogers - Stay Ext, SISP & Related Party RecordsPDF · Subscribers
Application - Second Stay Extension & CommitteePDF · Subscribers
Order - Second Stay Extension and Committee
  • Presiding officer Justice Strekaf
PDF · Subscribers
2. Second Report of the Monitor
  • Operational summary ROGI continues to operate under CCAA protection with reduced cash flow from oil and gas revenues due to operator offsets for capital expenditures, is pursuing formation of an unsecured debenture holders' committee, obtaining a reserve report, and seeking a stay extension while addressing an upcoming cash call.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Affidavit of John Rogers - Stay Extension & Committee, swornPDF · Subscribers
Application - First Stay Extension & DIP FinancingPDF · Subscribers
Order - DIP FinancingPDF · Subscribers
Order - First Stay ExtensionPDF · Subscribers
Service Schedule - Application
  • Counsel Macleod Dixon LLP
PDF · Subscribers
1. First Report of the Monitor
  • Cash on hand · Disbursements · Financial position · Operational summary Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Affidavit of John Rogers - Stay Extension & DIP, swornPDF · Subscribers
Notice to Creditors
PDF · Subscribers
Initial Order
  • Applicant Rogers Oil & Gas Inc.
  • Appointee Ernst & Young Inc.
  • Appointee role Monitor
  • Commencement date 17 August 2011
  • + 5 more extracted facts
PDF · Subscribers
Rogers Oil and Gas - Creditors listing
PDF · Subscribers
0. Proposed Monitor's Report
PDF · Subscribers
Affidavit of John Rogers, swornPDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Rogers Oil & Gas Inc” (CCAA), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/rogers-oil-gas-inc

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Sources last checked · summary updated 29 August 2026 · Report a correction · Printed from proceedings.ca/case/rogers-oil-gas-inc

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.