Alberta · Receivership (court-appointed)

First Report of the Receiver

Court officer report · 11 July 2012

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 filing3 verified

financial positionnote: Book value of oil and gas assets totaling approximately $13.4 million; total liabilities not stated as a single figure (secured debt $3.0M and unsecured creditors $4.5M reported separately, see creditor entries) · page: 3 · as at: 2012-03-31 · basis: unaudited financial statements · scope: Trafina Energy Ltd. (entity level) · currency: CAD · total assets: 13400000
secured creditorsnote: Per Trafina's unaudited March 31, 2012 financial statements; described as most significant secured creditor in the Receivership; approximate figure ('$3.0 million') · page: 4 · as of: 2012-03-31 · amount: 3000000 · debtor: Trafina Energy Ltd. · creditor: National Bank of Canada · currency: CAD · security: Operating line of credit
unsecured creditorsnote: Document names no individual creditors; approximate figure ('$4.5 million') · page: 4 · as of: 2012-03-31 · basis: Per Trafina's unaudited March 31, 2012 financial statements · amount: 4500000 · debtor: Trafina Energy Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD