Alberta · CCAA

Pre Filing Report of the Monitor

Court officer report · 6 December 2023

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

operational summaryFree Rein has operated its P&NG assets without material disruption since the NOI filing, but a force majeure notice from its gas/emulsion handling counterparty is expected to materially impair operations and cash flow, and the Stalking Horse transaction remains to be completed under the CCAA.
recovery outcomeentries: basis: estimated · quote: the Proposed Monitor does not expect there to be any proceeds available for a distribution to unsecured creditors or to fund a proposal under the BIA. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2023-12-06 · table missing:
report date6 December 2023