Alberta · Proposal
Proposal Trustee’s Second Report
Court officer report · 21 September 2022
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What we verified from this filing5 verified
- secured creditorsnote: Related party - Stalking Horse Bidder; court-ordered priority charge securing interim (DIP-style) financing, amount is facility limit not outstanding balance · page: 3 · debtor: Petrolama Energy Canada Inc. · creditor: 884304 Alberta Ltd. · currency: CAD · security: Interim Lending Charge securing Interim Facility credit line, limit increased from $300,000 to $397,500 (CAD equivalent, including US$75,000 increase)
- secured creditorsnote: Court-ordered priority charge securing professional fees, not a balance owing · page: 4 · debtor: Petrolama Energy Canada Inc. · creditor: Proposal Trustee, Proposal Trustee's counsel, and Company's counsel (Administration Charge beneficiaries) · currency: CAD · security: Administration Charge over Company property, increased from $150,000 to a maximum of $250,000
- secured creditorsnote: Related party - secures indemnification obligations to directors/officers; ceiling amount, not a balance · page: 4 · as of: August 10, 2022 order · amount: 65000 · debtor: Petrolama Energy Canada Inc. · creditor: Company's directors and officers · currency: CAD · security: Directors' and Officers' Charge over Company property
- unsecured creditorsnote: Funds held under Cash Collateral Agreement dated March 10, 2021 determined to be property of P66; provable claim amount itself not stated · page: 5 · basis: Provable claim under BIA proceedings, to be reduced by application of US$800,000 in Funds · debtor: Petrolama Energy Canada Inc. · creditor: Phillips 66 Gulf Coast Properties LLC (P66) · currency: USD
- unsecured creditorsnote: Amount of claim not stated in these pages; disputed/contested claim subject to BIA stay · page: 7 · as of: August 26, 2022 (Keyera Lawsuit filed) · basis: Claim asserted via lawsuit filed in U.S. District Court for the Southern District of Texas · debtor: Petrolama Energy Canada Inc. · creditor: Keyera Energy Inc. · currency: USD