Alberta · Receivership (court-appointed)
Second Report of the Receiver (July 12, 2021)
Court officer report · 12 July 2021
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 filing5 verified
- cash on handnote: Total cash held by the NWT Receiver; opening cash for the reporting period (Nov 7, 2020) was $433,748, and there was no opening cash at the Receivership Date. The NWT Receiver has been funded entirely by the GNWT. · as at: 2021-07-09 · amount: 37249 · currency: CAD
- operational summaryThe NWT Receiver is maintaining care, custody and regulatory compliance of the non-operational Cameron Hills wells and facilities, funded by the GNWT, and is seeking court approval of a sales solicitation process (with Sayer Energy Advisors) to market the NWT Property including the Interprovincial Pipeline.
- professional feesnote: Exclusive of GST (incl. disbursements). Legal counsel BLG's fees and disbursements for the same period total $32,293, also exclusive of GST. Professional fees and costs of the Receiver and BLG paid in the Nov 7, 2020 to July 9, 2021 reporting period were approximately $224,000. · party: NWT Receiver (Alvarez & Marsal Canada Inc.) · amount: 420857 · period: January 28, 2020 to June 30, 2021 · currency: CAD
- report date12 July 2021
- report noSecond Report of the Receiver