Alberta · NOI
Fourth Report of the Receiver
Court officer report · 8 September 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing16 verified
- unsecured creditorsnote: Document names no individual creditors in this class; 70 claims totalling approx. $4.439 million were submitted during the Claims Procedure per the same table before final ledger adjustments. No distribution will be made to this class as Secured Pre-Filing Claims exceed available ResidualCo Funds. · page: 16 · as of: 2026-09-04 · basis: Final Claims Ledger, 82 Unsecured Pre-Filing Claims, subject only to initial high-level review, not comprehensively reviewed · amount: 5031000 · debtor: ResidualCo (2755857 Alberta Ltd.) · creditor: Unsecured Pre-Filing Claims (aggregate as reported in Final Claims Ledger) · currency: CAD
- unsecured creditorsnote: Itemised elsewhere: Prairie Provident Resources Canada Ltd. $86,433; Tidewater Midstream & Infrastructure Ltd. $18,962; Freehold Royalties Partnership $11,980; Prairiesky Royalty Ltd. $8,022 (total $125,397 per distribution table, page 25). · page: 16 · as of: 2026-09-04 · basis: Final Claims Ledger, 4 Cure Cost Claims (unsecured) · amount: 125000 · debtor: Cleo / ResidualCo (attaching to Purchase Price Funds) · creditor: Cure Cost Claims (aggregate, unsecured) · currency: CAD
- unsecured creditorsnote: 658 non-responding claimants; approximate figure per Receiver, not adjudicated or comprehensively reviewed. · page: 17 · as of: 2026-03-31 · basis: Receiver's estimate based on information available (no proof of claim filed), comprised primarily of unsecured claims · amount: 15100000 · debtor: ResidualCo (2755857 Alberta Ltd.) · creditor: Non-responding Claimants (no Proof of Claim filed by Claims Bar Date) · currency: CAD
- unsecured creditorsnote: Preferred/priority claim ranking ahead of ordinary unsecured claims; no distribution available as Secured Pre-Filing Claims exceed ResidualCo Funds. · page: 17 · as of: 2026-09-04 · basis: Final Claims Ledger, 1 Priority Pre-Filing Claim · amount: 771000 · debtor: ResidualCo (2755857 Alberta Ltd.) · creditor: Special Areas Board · currency: CAD
- secured creditorsnote: Individual claimant; classified as 'Other' secured claim; role/relationship to debtor not stated. · page: 18 · as of: 2026-09-04 · amount: 916000 · debtor: ResidualCo (2755857 Alberta Ltd.) · creditor: Marco Simonelli · currency: CAD · security: Secured Pre-Filing Claim (Other category)
- secured creditorsnote: Individual claimant; classified as 'Other' secured claim; role/relationship to debtor not stated. · page: 18 · as of: 2026-09-04 · amount: 50000 · debtor: ResidualCo (2755857 Alberta Ltd.) · creditor: Stephen Ballard · currency: CAD · security: Secured Pre-Filing Claim (Other category)
- secured creditorsnote: Regulatory claim (AER); priority vs. Municipalities unresolved, resolved by pro rata Settlement; part of Final Claims Ledger secured Pre-Filing Claims totalling approx. $6.043 million ($CAD 000's table). · page: 18 · as of: 2026-09-04 · amount: 885102 · debtor: ResidualCo (2755857 Alberta Ltd.) · creditor: Alberta Energy Regulator · currency: CAD · security: Secured Pre-Filing Claim; statutory lien under Section 103 of the Oil and Gas Conservation Act (Alberta)
- secured creditorsnote: One of the Municipalities represented by Brownlee LLP; priority vs. AER unresolved, resolved by pro rata Settlement. · page: 26 · as of: 2026-09-04 · amount: 80944 · debtor: ResidualCo (2755857 Alberta Ltd.) · creditor: Vulcan County · currency: CAD · security: Secured Pre-Filing Claim; municipal tax lien under Sections 348/348.1 of the Municipal Government Act (Alberta)
- secured creditorsnote: One of the Municipalities represented by Brownlee LLP; priority vs. AER unresolved, resolved by pro rata Settlement. · page: 26 · as of: 2026-09-04 · amount: 2004223 · debtor: ResidualCo (2755857 Alberta Ltd.) · creditor: Municipal District of Wainwright No. 61 · currency: CAD · security: Secured Pre-Filing Claim; municipal tax lien under Sections 348/348.1 of the Municipal Government Act (Alberta)
- secured creditorsnote: One of the Municipalities represented by Brownlee LLP; priority vs. AER unresolved, resolved by pro rata Settlement. · page: 26 · as of: 2026-09-04 · amount: 1595902 · debtor: ResidualCo (2755857 Alberta Ltd.) · creditor: Municipal District of Provost No. 52 · currency: CAD · security: Secured Pre-Filing Claim; municipal tax lien under Sections 348/348.1 of the Municipal Government Act (Alberta)
- secured creditorsnote: One of the Municipalities represented by Brownlee LLP; priority vs. AER unresolved, resolved by pro rata Settlement. · page: 26 · as of: 2026-09-04 · amount: 272401 · debtor: ResidualCo (2755857 Alberta Ltd.) · creditor: Flagstaff County · currency: CAD · security: Secured Pre-Filing Claim; municipal tax lien under Sections 348/348.1 of the Municipal Government Act (Alberta)
- secured creditorsnote: One of the Municipalities represented by Brownlee LLP; priority vs. AER unresolved, resolved by pro rata Settlement. · page: 26 · as of: 2026-09-04 · amount: 238434 · debtor: ResidualCo (2755857 Alberta Ltd.) · creditor: County of Paintearth No. 18 · currency: CAD · security: Secured Pre-Filing Claim; municipal tax lien under Sections 348/348.1 of the Municipal Government Act (Alberta)
- closing confirmedscope: the Transaction · outcome: completed · effective: 2025-11-19 · date basis: stated · approval order date: 2025-11-14
- purchaserprice: sealed: false · scope: all of the outstanding shares of Cleo · status: closed · name note: third-party purchaser of all outstanding shares of Cleo under the SPA/Transaction · structure: shares · name source: recital · relationship: unstated
- recovery outcomeentries: basis: estimated · quote: Accordingly, there will be no distribution to unsecured creditors in respect of their Unsecured Pre-Filing Claims and priority creditors in respect of their priority Pre-Filing Claims (' Priority Pre-Filing Claims '). · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: Unsecured Pre-Filing Claims · claims amount: 5000000 · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Accordingly, there will be no distribution to unsecured creditors in respect of their Unsecured Pre-Filing Claims and priority creditors in respect of their priority Pre-Filing Claims (' Priority Pre-Filing Claims '). · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: priority creditors in respect of their priority Pre-Filing Claims · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Claimants with Cure Cost Claims (the ' Cure Cost Claimants ') are entitled to receive a distribution in the full amount of their respective Cure Cost Claims. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: receiver · class label: Cure Cost Claimants · interim final: unstated · claims qualifier: unstated · stated on: 2026-09-08 · table missing:
- sale outcometext: Transaction contemplated by the SPA closed on November 19, 2025 · scope: whole_business · status: closed