Alberta · CCAA
Affidavit of Peter Neelands sworn March 3, 2025
Affidavit · 3 March 2025
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What we verified from this filing3 verified
- financial positionnote: Figures are described as book value per Erikson's most recent (unaudited) financial statements as at June 30, 2024. · page: 5 · as at: 2024-06-30 · basis: unaudited financial statements; book value · scope: entity (Erikson National Energy Inc.) · currency: CAD · total assets: 38217648 · total liabilities: 76964266
- secured creditorsnote: Amount stated as owing 'plus further accruing interest and costs' (balance not final). Peter Neelands, sole director of Erikson, is also Principal of TEC - related party relationship disclosed by affiant. · page: 5 · as of: NOI filing date (commencement of NOI Proceedings, October 1, 2024) · amount: 31696600.64 · debtor: Erikson National Energy Inc. · creditor: Third Eye Capital Corporation ("TEC"), as agent for various investment funds acting as secured lenders · currency: CAD · security: General security agreement providing a first charge on all present and after-acquired real property of Erikson, subject to a limited number of assets where CNRL holds an operators lien ranking in priority to TEC
- secured creditorsnote: CNRL is a working-interest partner in approximately 54 of Erikson's over 400 assets; amount of CNRL's secured claim not stated in the document. · page: 5 · debtor: Erikson National Energy Inc. · creditor: Canadian Natural Resources Limited ("CNRL") · currency: CAD · security: Operators lien on a limited number of Erikson's assets, ranking in priority to TEC's general security; also registered a security interest in certain joint lands and crown leases ("CNRL Joint Interests") predating TEC's registrations for those properties