Alberta · CCAA
Affidavit Scott Aitken sworn November 28, 2025
Affidavit · 28 November 2025
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What we verified from this filing3 verified
- financial positionnote: Affidavit para 13 describes the $81,344,000 figure as Cabot's 'outstanding indebtedness', which corresponds to total liabilities per the Dec 31, 2024 statement of financial position (Exhibit C). · page: 4 · as at: 2024-12-31 · basis: unaudited financial records/management accounts prepared by Cabot with support from its parent company; document notes asset figures incorporate impairment charges from prior periods but no 2024 impairment assessment was performed, so figures may not represent current recoverable value · scope: entity - Cabot Energy Inc. (unconsolidated) · currency: CAD · total assets: 24307000 · total liabilities: 81344000
- secured creditorsnote: Related party - part of Blue Spark Energy Services Group (parent group), same corporate family as Cabot's parent High Power Petroleum (NOP) UK Limited. PPR search as of November 25, 2025 (Exhibit D) still lists High Power Petroleum LLC as registered secured party, but the affidavit states the underlying $54,053,000 long-term debt (shown as 'Long-term debt (H2P NOP loan)' in the Dec 31, 2024 financial statements) was assigned by High Power Petroleum LLC to another (unnamed) entity within the Blue Spark Energy Services Group in 2024; the current beneficial holder of the debt is not named in the document. · page: 5 · as of: 2024-12-31 · amount: 54053000 · debtor: Cabot Energy Inc. · creditor: High Power Petroleum LLC · currency: CAD · security: Registered PPSA security interest (Alberta PPR Registration No. 21012020793, registered January 20, 2021) against all present and after-acquired personal property of Cabot (blanket all-property registration)
- counselStikeman Elliott LLP