Strategic Oil & Gas Ltd. and Strategic Transmission Ltd.
Follow- Proceeding
- CCAACOMPANIES' CREDITORS ARRANGEMENT ACT, R.S.C. 1985, c. C-36, as amended
- File
- 1901-05089
Strategic Oil & Gas Ltd. and Strategic Transmission Ltd. obtained protection under the Companies' Creditors Arrangement Act on April 10, 2019, when the Court of Queen's Bench of Alberta made an initial order in respect of both companies. The proceedings were assigned court file number 1901-05089 and were governed by the CCAA, R.S.C. 1985, c. C-36, as amended. The file is now recorded as closed. No further steps in the proceeding are reflected in the record for this matter beyond the initial order that commenced it.
The claims bar date has passed — claims were due by
Per the Order (Claims Procedure) 2019-10-11 dated 11 October 2019.
Application for Alberta Receiver Discharge filed November 2, 2020 — Application / notice of application
Order (Approval of Monitor's Conduct, Fees) dated February 27, 2020 2020-02-27 — Order (other)
Application for Order (re Approval of SISP) dated February 14, 2020 2020-02-14 — Order (other)
Form 87 - Strategic Oil & Gas Ltd. and Strategic Transmission Ltd. [ ] 2020-02-07 — Notice of receiver (s. 245 / Form 87)
Letter to Service List (re Fifth Report of the Monitor) dated January 23, 2020 2020-01-23 — Court officer report
Application (Appointment of a Receiver and Manager) dated January 22, 2020 2020-01-22 — Application / notice of application
Application (Amended KERP, Claims Procedure Order, Plan, Meeting Order) was filed.
Source: Application (Amended KERP, Claims Procedure Order, Plan, Meeting Order)
A claims procedure was approved.
Source: Letter to Service List (Stay Extension, Amended KERP, Claims Procedures) 2019-10-11
Order (Approval of SISP, Stalking Horse and Stay Extension) 2019-05-09 was filed.
Source: Order (Approval of SISP, Stalking Horse and Stay Extension) 2019-05-09
Initial order made, commencing CCAA proceedings for both companies in the Court of Queen's Bench of Alberta under court file 1901-05089.
Originating Application dated April 10, 2019 2019-04-10 — Application / notice of application
Debtor
Strategic Oil & Gas Ltd. and Strategic Transmission Ltd.
Monitor
KPMG
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Horner | Court of King's Bench of Alberta | 5 orders, Apr 2019 – Jul 2020 | 50 cases on record |
| Justice Hollins | Court of King's Bench of Alberta | 5 orders, May 2019 – Feb 2020 | 19 cases on record |
| Justice Neufeld | Court of King's Bench of Alberta | 2 orders, Oct 2019 | 28 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorKPMG | Torys LLP | 29 Apr 2019 | Application · 29 Apr 2019 |
| ApplicantStrategic Oil & Gas Ltd. and Strategic Transmission Ltd. | Dentons Canada LLP | 29 Apr 2019 | Service list · 29 Apr 2019 |
| CreditorAddress for Service and Contact Information of Filing This Document | Dentons Canada LLP | 27 Nov 2019 | Affidavit · 27 Nov 2019 |
| CreditorAlberta Treasury Branches Oil & Gas Department | Torys LLP | 20 Nov 2025 | Affidavit · 20 Nov 2025 |
| CreditorApex Distribution Inc | Torys LLP | 20 Nov 2025 | Affidavit · 20 Nov 2025 |
| CreditorApex Distribution Inc., Builders' Lien | Carscallen Leitch LLP | 29 Apr 2019 | Application · 29 Apr 2019 |
| CreditorBaker Hughes Canada Company | Kenneth P. Reh Law Office | 27 Nov 2019 | Application · 27 Nov 2019 |
| CreditorCanadian Energy Regulator | Miles Davison LLP | 22 Jan 2020 | Service list · 22 Jan 2020 |
| CreditorEnsign Drilling Inc | Carscallen Leitch LLP | 29 Apr 2019 | Application · 29 Apr 2019 |
| CreditorEnsign Drilling Inc. (operating as Ensign Testing Services) | Torys LLP | 20 Nov 2025 | Affidavit · 20 Nov 2025 |
| CreditorFormula Powell LP, Strike Group Limited Partnership, Builders' Lien | Professional Corporation | 11 Sep 2019 | Application · 11 Sep 2019 |
| CreditorGlobal Well Servicing Ltd., Builders' Lien | Reynolds Mirth Richards & Farmer LLP | 29 Apr 2019 | Application · 29 Apr 2019 |
| CreditorGMT Capital | Dentons Canada LLP | 6 May 2019 | Service list · 6 May 2019 |
| CreditorGMT Capital Corp | Bennet Jones LLP | 22 Jan 2020 | Service list · 22 Jan 2020 |
| CreditorGMT Capital Corp., as Agent | Torys LLP | 20 Nov 2025 | Affidavit · 20 Nov 2025 |
| CreditorGMT Capital Corp., Secured Debenture Holder | Bennett Jones LLP · Bennet Jones LLP | 29 Apr 2019 | Service list · 29 Nov 2019 |
| CreditorMeridian Onecap Credit Corp | Torys LLP | 20 Nov 2025 | Affidavit · 20 Nov 2025 |
| CreditorNational Energy Board | Torys LLP | 20 Nov 2025 | Affidavit · 20 Nov 2025 |
| CreditorNorthwest Territories Alvarez & Marsal Canada Inc | Borden Ladner Gervais LLP | 27 Feb 2020 | Affidavit · 27 Feb 2020 |
| CreditorRoyal Bank of Canada | Torys LLP | 20 Nov 2025 | Affidavit · 20 Nov 2025 |
| CreditorTrue North Ford Ltd | Torys LLP | 20 Nov 2025 | Affidavit · 20 Nov 2025 |
| CreditorTryton Tool Services, Formula Powell LP, Strike Energy Services Ltd., Strike Group Limited Partnership, Builders' Lien | Miles Davison LLP | 27 Nov 2019 | Application · 27 Nov 2019 |
| CreditorTryton Tool Services, Formula Powell LP, Strike Group Limited Partnership, Builders' Lien | Professional Corporation | 11 Oct 2019 | Service list · 11 Oct 2019 |
| CreditorTryton Tool Services, Powell LP, Strike Energy Group Limited Partnership | Miles Davison LLP | 14 Feb 2020 | Service list · 14 Feb 2020 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada · in 556 casesCAD LC Facility (aggregate limit $6,500,000 for letters of credit/guarantee) secured by cash-collateralized non-redeemable term deposit (initial deposit $4,471,876.50); $4.4 million drawn as at April 1, 2019 — DISCHARGED - on April 1, 2019 RBC demanded repayment and issued a notice of set-off against the term deposits; the CAD LC Facility was paid in full via set-off and the CAD and US LC Facilities were terminated; outstanding third-party LCs remain until maturity but RBC (not Strategic) bears responsibility for any draws — debtor: Strategic Oil & Gas Ltd. · as of 1 Apr 2019 | — | Affidavit of Remi Anthony Berthelet dated April 10, 2019 2019-04-10 |
| Secured | GMT Capital (Bay Resource Partners, L.P., Bay II Resource Partners, L.P., Bay Resource Partners Offshore Master Fund, L.P. and affiliates) - First Tranche NoteholdersFirst lien secured notes (First Tranche under the LOI); first lien notes of approximately $15 million, plus accrued interest of approximately $0.2 million — Related party - GMT Capital is Strategic's controlling shareholder and, per para. 125, its only secured lender; First Tranche notes issued November 27, 2018, bearing 12% interest; components (principal and accrued interest) stated separately, not summed by document — debtor: Strategic Oil & Gas Ltd. · as of 1 Apr 2019 | — | Affidavit of Remi Anthony Berthelet dated April 10, 2019 2019-04-10 |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Unsecured creditors: 10 %.Under the planFifth Report of the Monitor · 22 Jan 2020
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | trade creditors | $10.6Mestimated | 10 % | Under the planper the monitor | Fifth Report of the Monitor · 22 Jan 2020 |
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.
As at 31 Dec 2018 · per Assets: book value per draft, unaudited, consolidated financial statements (Exhibit F) as at December 31, 2018. Liabilities: management's estimate as at April 1, 2019 (different date from assets) · Consolidated - Strategic Oil & Gas Ltd. and its wholly-owned subsidiary Strategic Transmission Ltd. — Total liabilities figure ($97.4 million) is estimated as at April 1, 2019 while total assets ($140.3 million, comprised of $18.6 million current and $121.7 million non-current) are as at December 31, 2018 - the two figures are not contemporaneous.
| Date | Document | File |
|---|---|---|
Discharge Order - Filed November 25, 2025
| ||
Affidavit of Service - Filed November 20, 2025
| ||
| Fourth Report of the Receiver | ||
| Letter to justice cncl Filed Application | ||
| Notice of application filed | ||
| Approval of Receiver's Activities, R&D and Fees filed July 20, 2021 | ||
| Approval of Sales Advisors & SSP filed July 20, 2021 | ||
Partial Discharge Order filed November 24, 2020
| ||
| Application for Alberta Receiver Discharge filed November 2, 2020 | ||
| Third Report of the Receiver | ||
Approval and Vesting Order (Sale by Receiver) filed July 15, 2020
| ||
Restricted Court Access Letter filed July 15, 2020
| ||
| Second Report of the Receiver | ||
Affidavit of Jeline Nantes dated February 27, 2020 2020-02-27
| ||
| Order (Approval of Monitor's Conduct, Fees) dated February 27, 2020 2020-02-27 | ||
Order (SISP Approval) dated February 27, 2020 2020-02-27
| ||
Application for Order (re Approval of Monitor’s Conduct Fees etc.) dated February 14, 2020 2020-02-14
| ||
Application for Order (re Approval of SISP) dated February 14, 2020 2020-02-14
| ||
Letter to Service List (re Application for Approval of the SISP) dated February 14, 2020 2020-02-14
| ||
| Sixth Report of the Monitor 2020-02-14 | ||
| List of Known Unsecured Creditors [ ] 2020-02-11 | ||
| Form 87 - Strategic Oil & Gas Ltd. and Strategic Transmission Ltd. [ ] 2020-02-07 | ||
| First Report of the Receiver 2020-02-04 | ||
Alberta Receivership Order dated January 28, 2020
| ||
Northwest Territories Receivership Order dated January 28, 2020
| ||
Sales and Investment Solicitation Package
| ||
Letter to Service List (re Fifth Report of the Monitor) dated January 23, 2020 2020-01-23
| ||
| Affidavit of Amanda Reitenbach dated January 22, 2020 | ||
| Affidavit of Harold Randall dated January 22, 2020 2020-01-22 | ||
| Application (Appointment of a Receiver and Manager) dated January 22, 2020 2020-01-22 | ||
| Application (Update to court) dated January 22, 2020 | ||
Fifth Report of the Monitor
| ||
Letter to Service List (re Application documents) dated January 22, 2020
| ||
Letter to Service List (re Appointment of Receiver) dated January 22, 2020 2020-01-22
| ||
| Statement of Claim dated January 22, 2020 2020-01-22 | ||
| Affidavit of S. Danielisz 2019-12-12 | ||
Letter to Service List (re Order - Stay Extension) 2019-12-05
| ||
Order (Stay Extension) 2019-12-03
| ||
| Fourth Report of the Monitor 2019-11-29 | ||
Letter to Service List (Fourth Report of the Monitor) 2019-11-29
| ||
Application (re: Extending Stay Extension) 2019-11-27
| ||
Letter to Service List (re Application Documents) 2019-11-27
| ||
Second Affidavit of Amanda Reitenbach 2019-11-27
| ||
Letter to Service List (Stay Extension, Amended KERP, Claims Procedures) 2019-10-11
| ||
| Notice to Creditors | ||
Order (Claims Procedure) 2019-10-11
| ||
Order (Stay Extension, Amended KERP) 2019-10-11
| ||
| Affidavit of Amanda Reitenbach dated October 4, 2019 | ||
Application (Amended KERP, Claims Procedure Order, Plan, Meeting Order)
| ||
Letter to Service List (Application Affidavit)
| ||
Letter to Service List (Third Report of the Monitor)
| ||
| Third Report of the Monitor | ||
| Letter of Service (Stay Extension) 2019-09-23 | ||
| Affidavit of Remi Anthony Berthelet (Stay Extension) 2019-09-11 | ||
Application (Stay Extension) 2019-09-11
| ||
| Letter to Service (Second Report of the Monitor) 2019-09-11 | ||
| Letter to Service (Stay Extension) 2019-09-11 | ||
| Second Report of the Monitor 2019-09-11 | ||
Letter to Service List (re Order Approval of SISP, Stalking Horse and Stay Extension) 2019-05-10
| ||
Letter to Service List (Second Supplemental)
| ||
Order (Approval of SISP, Stalking Horse and Stay Extension) 2019-05-09
| ||
| Second Supplemental Report of the Monitor 2019-05-09 | ||
Letter to Service List (re Order Stay Extension and KERP Payment) 2019-05-06
| ||
Order (Stay Extension and KERP Payment) 2019-05-06
| ||
| Amended Application 2019-05-03 | ||
| First Supplemental Report of the Monitor 2019-05-03 | ||
Letter to Service List (Amended Application) 2019-05-03
| ||
Letter to Service List (First Supplemental) 2019-05-03
| ||
| Affidavit of Remi Anthony (Tony) Berthelet (Extension Application) 2019-04-29 | ||
Application (Extension) 2019-04-29
| ||
First Report of the Monitor 2019-04-29
| ||
Letter to Service List 2019-04-29
| ||
| Letter to Creditors 2019-04-12 | ||
| List of Known Creditors with Claims over $1,000 2019-04-12 | ||
Affidavit of Remi Anthony Berthelet dated April 10, 2019 2019-04-10
| ||
| Bench Brief of the Applicants dated April 10, 2019 2019-04-10 | ||
CCAA Initial Order dated April 10, 2019 2019-04-10
| ||
| CCAA Order Sealing Confidential Exhibit dated April 10, 2019 2019-04-10 | ||
| Consent to Act CCAA 2019-04-10 | ||
Originating Application dated April 10, 2019 2019-04-10
| ||
| Proof of Claim | ||
Sale and Investment Solicitation Package
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Strategic Oil & Gas Ltd. and Strategic Transmission Ltd.” (CCAA), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/strategic-oil-gas-ltd-and-strategic-transmission-ltd