Saskatchewan · NOI
Fourth Report of the Trustee
Court officer report · 10 April 2025
Also filed as: Fourth Report of the Trustee
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 filing9 verified
- cash on handnote: ALX actual ending cash balance for the period Jan 25 to Mar 28, 2025 was $27,595 (opening $27,102); DCIL actual ending cash balance was $6,410. Separately, $122,111 of sale proceeds is held in trust by the Proposal Trustee. · as at: 2025-03-28 · amount: 27595 · currency: CAD · qualifier: ALX ending cash balance per actuals; DCIL's was 6,410
- closing confirmedscope: Pumpjack Inventory · outcome: completed · purchaser: Western Basin Energy Corp. · date basis: unstated; scope: Preferred Energy Sales · outcome: completed · purchaser: Preferred Energy Inc. · date basis: unstated
- operational summaryALX is finishing manufacture of its pumpjack inventory for sale (directly and via an auction opening May 9, 2025) and plans to include its Estevan lands in the auction, funded by interim financing from DCIL. The companies are working toward filing Division I proposals by April 30, 2025.
- professional feesnote: The report states no incurred-fee figure. It describes a $150,000 Administrative Charge securing the professional fees of the Proposal Trustee, McDougall Gauley LLP and MLT Aikins LLP. The forecast (not actual) cash flows budget ALX Trustee and Trustee's counsel fees of $34,596 and debtor's counsel fees of $31,051, and DCIL trustee fees of $12,290 and debtor's counsel fees of $10,200. · party: Proposal Trustee (EYI), its counsel, and debtors' counsel (MLT Aikins) · currency: CAD
- purchaserWestern Basin Energy Corp.; Preferred Energy Inc.; Redhead Artificial Lift Ltd.; price: sealed: false · scope: remaining property, Pumpjack Inventory and Lands · status: proposed · name note: end purchasers at planned Mack auction, unnamed · structure: auction · name source: operative · relationship: unstated
- report date4 April 2025
- report noFourth Report of the Proposal Trustee
- sale advisorMack Auctions; Mack Realty
- sale outcometext: Ongoing auction process including Lands, plus completed individual asset sales · scope: liquidation · status: liquidation_in_progress