Alberta · Receivership (court-appointed)
Amended Receiver's Second Report
Court officer report · 9 September 2026
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: Balance per Statement of Receipts and Disbursements effective August 20, 2026; Schedule C's corrected balance after reallocating Lands Expenses is 2,812,242.55. · as at: 2026-08-20 · amount: 2852057.08 · currency: CAD · qualifier: held in trust
- disbursementssince: Date of Receivership (July 18, 2025) to August 20, 2026 · amount: 195771.65 · currency: CAD
- operational summaryThe Receiver closed the Court-approved sale of the Lands (the company's only asset) for net proceeds of $2,926,619.63, cancelled insurance and utilities, and is seeking approval of a distribution to Roynat (which will suffer a shortfall) and its own discharge.
- professional feesnote: Inclusive of GST; fees and disbursements. Estimated further $10,500 inclusive of GST to complete administration. Receiver's counsel (MLT Aikins) invoiced $21,142.33 inclusive of GST to July 31, 2026, with a further $10,500 estimated. · party: Ernst & Young Inc. (Receiver) · amount: 50250 · period: July 18, 2025 to August 11, 2026 · currency: CAD
- purchaserBlackstone Drilling Fluids Limited
- receipts cumulativenote: Includes $3,000,000 sale of lands, $7,800 rent, $40,000 Receiver's Certificate borrowing and $28.73 interest. · since: Date of Receivership (July 18, 2025) to August 20, 2026 · amount: 3047828.73 · currency: CAD
- recovery outcomeentries: basis: estimated · quote: After considering the Roynat Indebtedness, the Roynat Security and the Net Lands Proceeds, the Receiver anticipates that Roynat will suffer a shortfall. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Roynat · creditor name: Roynat Inc. · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Accordingly, the Receiver does not anticipate a distribution to creditors other than Roynat (save only for the Lands Expenses, as outlined and defined below). · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: creditors other than Roynat · interim final: unstated · conditional on: save only for the Lands Expenses, as outlined and defined below · claims qualifier: unstated · stated on: 2026-09-08 · table missing:
- report date8 September 2026
- report noAmended Receiver's Second Report