Alberta · NOI
First Report of the Monitor
Court officer report · 5 March 2024
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 filing5 verified
- cash on handnote: Ending cash balance as at end of two-week actual period; forecast projects decrease to $620,000 by March 31, 2024 · as at: 2024-03-03 · amount: 2102000 · currency: CAD · qualifier: approximately
- operational summaryThe Razor Entities continue operating oil and gas production while pursuing a sale and investment solicitation process (SISP), with disputes ongoing regarding Crown royalty deliveries and access to the Judy Creek Gas Plant affecting the South Swan Hills Assets, which remain shut-in.
- professional feesnote: Actual figure per budget-to-actual table; forecast for four-week period March 4-31, 2024 is $290,000 · party: Professional & Sales Agent fees (Monitor, Monitor's counsel, Razor Entities' counsel, Sales Agent) · amount: 180000 · period: two-week period February 19, 2024 to March 3, 2024 · currency: CAD
- report date5 March 2024
- report noFirst Report