Zargon Oil & Gas Ltd., Zargon Oil & Gas Partnership and Zargon US Holdings Ltd.
- Proceeding
- NOIPart III, Division I of the Bankruptcy & Insolvency Act
- File
- 25-2670585
- Industry
- Energy · Oil & gas production
Zargon Oil & Gas Ltd., Zargon Oil & Gas Partnership and Zargon US Holdings Ltd. remain in active insolvency proceedings begun by a notice of intention filed September 8, 2020 under Part III, Division I of the Bankruptcy and Insolvency Act, with MNP Ltd. acting as Trustee under court file no. 25-2670585 in Alberta. The Statement of Affairs (Business Proposal) for Zargon US Holdings Ltd., sworn by Craig Hansen as at November 12, 2020, reports nominal figures throughout: total assets of $1.00 against total liabilities of $1.00, with the single List A unsecured claim of $1.00 owed to affiliate Zargon Oil & Gas Ltd. Secured, preferred and contingent creditor lists are each stated at $0.00, and surplus is reported as $0.00.
A claims procedure has been established — see the order for deadlines.
Certificate of Filing of a Notice of Intention to Make a Proposal — NOI certificate of filing
Debtor
Zargon Oil & Gas Ltd., Zargon Oil & Gas Partnership and Zargon US Holdings Ltd.
Proposal trustee
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Mah | Court of King's Bench of Alberta | 2 orders, Oct 2020 | 78 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeMNP | McMillan LLP | 5 Oct 2020 | Order · 5 Oct 2020 |
| DebtorZargon Oil & Gas Ltd., Zargon Oil & Gas Partnership and Zargon US Holdings Ltd. | Burnet Duckworth & Palmer LLP | 5 Oct 2020 | Order · 5 Oct 2020 |
| CreditorBlue Sky Resources Ltd | DLA Piper (Canada) LLP | 5 Oct 2020 | Order · 5 Oct 2020 |
| CreditorMantl Canada Inc | Norton Rose Fulbright Canada LLP | 5 Oct 2020 | Order · 5 Oct 2020 |
| CreditorPinnacle Oil Tools Inc | Altalaw LLP | 5 Oct 2020 | Order · 5 Oct 2020 |
| CreditorPrecision Limited Partnership o / a Precision Well Services | Carscallen Leitch LLP | 20 Jan 2021 | Service list · 20 Jan 2021 |
| CreditorProminence Resources Inc | Carscallen Leitch LLP | 5 Oct 2020 | Order · 5 Oct 2020 |
| CreditorPronghorn Controls Ltd | Field Law | 5 Oct 2020 | Order · 5 Oct 2020 |
| CreditorQuinn Pumps Canada Ltd | Kenneth P. Reh Law Office | 5 Oct 2020 | Order · 5 Oct 2020 |
| CreditorSharp Environmental (2000) Ltd | KMSC Law LLP | 5 Oct 2020 | Order · 5 Oct 2020 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Zargon Oil & Gas Ltd. · in 2 casesNominal $1.00 claim listed; document shows secured creditors list as $0.00/blank (List "B") — debtor: Zargon US Holdings Ltd. · as of 12 Nov 2020 | $1 | Form 78 - Statement of Affairs - Zargon US Holdings |
Unsecured creditors: a distribution.Under the plan · implementedTrustee's Report on the Proposal · 3 Dec 2020
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Preferred | proven Zargon preferred creditors | — | paid in fullconditional | Under the planimplementedper the trustee | Trustee's Report on the Proposal · 3 Dec 2020 |
| Unsecured | proven Zargon ordinary unsecured creditors | — | a distributionconditional | Under the planimplementedper the trustee | Trustee's Report on the Proposal · 3 Dec 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 ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plans| Date | Document | File |
|---|---|---|
| Certificate of Full Performance of Proposal | PDF · Subscribers | |
Service List re: Order of Justice Jones
| PDF · Subscribers | |
Order re: Approval of Joint Proposal
| PDF · Subscribers | |
Report of Trustee on Proposal
| PDF · Subscribers | |
Trustee's Report on the Proposal
| PDF · Subscribers | |
| Form 31/36 - Proof of Claim/Proxy | PDF · Subscribers | |
| Instruction re: Completion of the Proof of Claim Form | PDF · Subscribers | |
| Letter to Creditors - Notification of Proposal | PDF · Subscribers | |
Voting Letter
| PDF · Subscribers | |
Consolidation Order
| PDF · Subscribers | |
| Joint Proposal for Zargon Oil & Gas Ltd., Zargon Oil & Gas Partnership, Zargon US Holdings Ltd. | PDF · Subscribers | |
| Form 78 - Statement of Affairs - Zargon Oil & Gas Ltd. | PDF · Subscribers | |
Form 78 - Statement of Affairs - Zargon US Holdings
| PDF · Subscribers | |
| Form 78 - Statement of Affairs Zargon Oil & Gas Partnership | PDF · Subscribers | |
| Form 92 - Notice of Proposal to Creditors | PDF · Subscribers | |
Service letter re: (unfiled) Order of Justice Mah
| PDF · Subscribers | |
Order re: Interim Financing etc.
| PDF · Subscribers | |
First Report of the Proposal Trustee
| PDF · Subscribers | |
| Affidavit No 1 of Craig Hansen | PDF · Subscribers | |
| Certificate of Filing of a Notice of Intention to Make a Proposal | PDF · Subscribers | |
| Consent to Act | PDF · Subscribers | |
| Form 33 - Notice of Intention to Make a Proposal | 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., “Zargon Oil & Gas Ltd., Zargon Oil & Gas Partnership and Zargon US Holdings Ltd.” (NOI), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/zargon-oil-and-gas-ltd-zargon-oil-and-gas-partnership-and-zargon-us-holdings-ltd