Alberta · Receivership (court-appointed)
Notice and Statement of Receiver
Notice to creditors · 27 May 2018
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 filing2 verified
- financial positionnote: Components: Trade and other receivables $7,657,455; Deposits & prepaid expenses $470,781; Inventory $1,414,798; Property, plant and equipment $26,688,259; Other $36,887; stated Total Assets of $36,268,180 does not appear to arithmetically match sum of listed components as printed in source · page: 2 · as at: 2018-03-31 · basis: book value as stated in the financial statements of the Debtors; not audited, reviewed, or otherwise verified by the Receiver; Receiver provides no comment on realizable value · scope: Mustang Well Services Ltd., KKSR Enterprises Ltd., Complete Oilfield Manufacturing Inc., Reaction Oilfield Supply (2012) Ltd. and MRBD Ltd. (combined/collective Debtors) · currency: CAD · total assets: 36268180
- secured creditorsnote: Stated as 'in excess of' this amount - floor figure, not a precise balance · page: 3 · as of: 2018-05-09 · amount: 17520953.05 · debtor: Mustang Well Services Ltd., KKSR Enterprises Ltd., Complete Oilfield Manufacturing Inc., Reaction Oilfield Supply (2012) Ltd. and MRBD Ltd. · creditor: Secured Lender · currency: CAD