Alberta · NOI
Third Report of the Proposal Trustee filed Dec 16, 2025
Court officer report · 16 December 2025
What we verified from this filing11 verified
- report date16 December 2025
- report noThird Report
- operational summaryFor the Reporting Period, cash receipts were higher than forecast due to favourable commodity pricing, collection of certain outstanding accounts receivable and the receipt of funds from closing the Transactions. These higher receipts resulted in a delayed need for funds made available by the Interim Lender. Operating and non-operating disbursements were lower due primarily to timing of certain payments. Overall, the net cash flow over the Reporting Period results in a favourable variance of approximately $168,000.
- cash on handamount: 762030 · currency: CAD
- receipts cumulativeamount: 2964768 · currency: CAD
- professional feesamount: 496500 · currency: CAD
- closing confirmedscope: the Tamarack Transaction · outcome: completed · effective: 2025-11-12 · purchaser: Tamarack Valley Energy · date basis: stated; scope: the Spur Transaction · outcome: completed · effective: 2025-11-07 · purchaser: Spur Petroleum Ltd. · date basis: stated
- process resultsnote: as of December 8, 2025, approximately 2,650 parties had received notice of the SISP · as of: 2025-12-08 · solicited: 2650
- purchaserTamarack Valley Energy; Spur Petroleum Ltd.
- sale advisorSayer Energy Advisors
- sale outcometext: SISP underway at time of report; two transactions closed · scope: whole_business · status: liquidation_in_progress