Strategic Oil and Gas Ltd. And Strategic Transmission Ltd. (Receivership)
Follow- Proceeding
- Receivership (court-appointed)section 243 of the Bankruptcy and Insolvency Act, RSC 1985, cB-3 and section 13(2) of the Judicature Act, RSA 2000, cJ-2
- File
- 2001 - 01210
- Industry
- Energy · Oil & gas production
Strategic Oil and Gas Ltd. and Strategic Transmission Ltd. have been in receivership since January 28, 2020, when the Court of King's Bench of Alberta appointed Alvarez & Marsal Canada Inc as Receiver and Manager on the application of GMT Capital Corp., under section 243 of the Bankruptcy and Insolvency Act and section 13(2) of Alberta's Judicature Act, in file 2001-01210. That appointment covers the companies' Northwest Territories property; the Alberta assets are held under a separate Alberta receiver, KPMG Inc. On estimated book values as at January 28, 2020, the NWT property carried assets of $114,899 — accounts receivable of $71,880 and oil inventory of $43,019, with oil and gas properties unknown — against liabilities of $18,609,441, being $15,250,000 secured and $3,359,441 unsecured, excluding undetermined NWT regulatory liabilities. The receivership is active.
Recorded the October 2026 site visit, with soil sampling at three historical spills and new signage at 14 well sites, and sought approval of fees of $419,757.89 as GNWT funding ends.
Reported abandonment work largely complete, approximately $26.2 million received and $24.9 million disbursed since November 26, 2022, and sought discharge once the land use permit and water licence pass to the GNWT.
Sought approval of an abandonment agreement with ELM Inc., selected through the RFP, after the sales process produced a single offer that was not accepted; cash of $58,261.
Approved the RFP process for the NWT Property and authorized and directed the Receiver to market and implement it, with further approval to follow selection of a successful proponent.
Sought approval of a sales solicitation process with Sayer Energy Advisors covering the NWT Property including the Interprovincial Pipeline; receipts of $3,335,834 against disbursements of $3,260,559 to June 17, 2022.
Application re: Sales Solicitation Process and Sales Advisor — Application / notice of application
Put receiver's fees of $420,857 and BLG's $32,293 to June 30, 2021 before the court; cash stood at $37,249, with one bidder pursuing the NWT Property and an abandonment RFP proposed.
Reported $2,023,363 of GNWT advances and $1,589,615 disbursed since January 28, 2020, including a $1,195,558 suspension program for three Cameron Hills wells; cash of $433,748 at November 6.
On GMT Capital Corp.'s application, the court appointed Alvarez & Marsal Canada Inc receiver and manager under BIA section 243 and Judicature Act section 13(2), opening file 2001-01210.
Undated filings1 — no date appears on the document · show
Case update
Strategic Oil and Gas: the regulator wants a ruling before the receiver goes
The Northwest Territories' oil and gas regulator asks for a ruling, before Alvarez & Marsal is discharged as receiver of Cameron Hills, on whether the territorial government is required and eligible to hold a licence and an authorization there. It has also extended the operations authorization for the field, due to lapse November 30, to November 30, 2027.
Filing brief
Strategic Oil and Gas: who holds the licence at Cameron Hills after the receiver
The Northwest Territories government has funded the Cameron Hills receivership since 2020, $24,849,248 after a forecast refund by the receiver's accounts, while 44 wells were abandoned. The territory's oil and gas regulator now opposes the receiver's discharge unless the government first obtains a licence and an authorization; the government says it is not eligible for the licence.
Debtor
Strategic Oil and Gas Ltd. And Strategic Transmission Ltd. (Receivership)
Receiver
Alvarez & Marsal
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Sidnell | Court of King's Bench of Alberta | 2 orders, Dec 2022 | 29 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorCourier | Field Law · Miles Davison LLP | 9 Nov 2020 | Application · 9 Nov 2020 |
| CreditorGovernment | Osler, Hoskin & Harcourt LLP | 6 Aug 2026 | Factum · 6 Aug 2026 |
| CreditorOffice of the Regulator of Oil and Gas Operations | Lawson Lundell LLP | 6 Aug 2026 | Factum · 6 Aug 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Bay Resource Offshore Master Fund LPPer Schedule A preliminary list, as submitted by the Debtor without admission. Security not described. — debtor: Strategic Oil and Gas Ltd. / Strategic Transmission Ltd. (NWT Property) · as of 28 Jan 2020 | $6.86M | Form 87 NWT Receiver's Notice & Creditor List |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
57 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale process approved — The Court approved the RFP process for the NWT Property and authorized and directed the NWT Receiver to market and implement it; approval of the Court will be sought after selection of a Proposal from the successful Proponent.Approval of RFP Process (July 15, 2022) · 15 Jul 2022
As at ·
Cumulative receipts
$26.2M
As at 31 Jul 2026Fifth Report of the Receiver (July 31, 2026)
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures, and the 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Third Affidavit of P. de Jong
| PDF · Subscribers | |
First Supplement to the Fifth Report
| PDF · Subscribers | |
| Affidavit of Pauline de Jong | PDF · Subscribers | |
Bench Brief
| PDF · Subscribers | |
Bench Brief of OROGO
| PDF · Subscribers | |
| Application by the NWT Receiver | PDF · Subscribers | |
Fifth Report of the Receiver (July 31, 2026)
| PDF · Subscribers | |
Approval of Abandonment Agreement (December 8, 2022)
| PDF · Subscribers | |
Approval of Restricting Court Access (December 8, 2022)
| PDF · Subscribers | |
| Application re: Approval of Abandonment Contract | PDF · Subscribers | |
Fourth Report of the Receiver (November 28, 2022)
| PDF · Subscribers | |
Approval of RFP Process (July 15, 2022)
| PDF · Subscribers | |
Third Report of the Receiver (July 4, 2022)
| PDF · Subscribers | |
| Application re: Sales Solicitation Process and Sales Advisor | PDF · Subscribers | |
| Approval of Receiver’s Activities (July 19, 2021) | PDF · Subscribers | |
| Approval of Sales Advisor (July 19, 2021) | PDF · Subscribers | |
| Bench Brief re: Sales Solicitation Process and Sales Advisor | PDF · Subscribers | |
Second Report of the Receiver (July 12, 2021)
| PDF · Subscribers | |
Application re: Enhanced Receiver’s Powers
| PDF · Subscribers | |
First Report of the Receiver (November 9, 2020)
| PDF · Subscribers | |
Form 87 NWT Receiver's Notice & Creditor List
| PDF · Subscribers | |
| Affidavit of P. de Jong Sworn January 28, 2020 | PDF · Subscribers | |
| Affidavit of S. Haener Sworn January 28, 2020 | PDF · Subscribers | |
Receivership Order (Filed January 28, 2020)
| PDF · Subscribers | |
| Cross Application | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Strategic Oil and Gas Ltd. And Strategic Transmission Ltd. (Receivership)” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 2 November 2026, https://proceedings.ca/case/strategic-oil-and-gas-ltd-and-strategic-transmission-ltd