Alberta · Interim receivership
Receiver's First Report - Filed August 3, 2017
Court officer report · 3 August 2017
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What we verified from this filing9 verified
- closing confirmedscope: those assets listed in Schedule "A" · outcome: completed · purchaser: Yoho Resources Inc. · date basis: unstated; scope: those assets listed in Schedule "A" · outcome: completed · purchaser: ABS Oilfield Supply Canada Inc · date basis: unstated; scope: Assets sold pursuant to Bill of Sale · outcome: completed · purchaser: Crusader Energy Services Ltd. · date basis: unstated
- financial positionnote: Liabilities not summed by document; components stated separately: Weslease owed $7,059,567 (per affidavit) and other creditors totaling $343,457 per Exhibit A of Notice and Statement of Receiver. · basis: book value, based on the most recent historical consolidated accounting records · scope: entity - R5 Energy Services Ltd. · currency: CAD · total assets: 5696155
- operational summaryThe Receiver has been liquidating R5's remaining oilfield equipment through several asset sales and is coordinating with Weslease on further dispositions, while continuing to administer the receivership toward an eventual discharge application.
- purchaserYoho Resources Inc.; ABS Oilfield Supply Canada Inc; Crusader Energy Services Ltd.
- receipts cumulativenote: Approximate figure from sale of inventory, per Statement of Receipts and Disbursements for the period July 20, 2017 to August 2, 2017 (Exhibit 9). · since: July 20, 2017 · amount: 490000 · currency: CAD
- report date3 August 2017
- report noReceiver's First Report
- sale advisorExquisite Energy Services
- sale outcometext: Below is a summary of the assets which have been sold. · scope: parcel · status: closed