Alberta · CCAA
3. Third Report of the Monitor
Court officer report · 22 November 2011
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 filing6 verified
- cash on handnote: Closing cash position as at November 11, 2011, per forecast-to-actual comparison table · as at: 2011-11-11 · amount: 270204 · currency: CAD
- operational summaryROGI continues to operate its non-operated oil and gas working interests while pursuing a strategic investment solicitation process (SISP) rather than an outright asset sale, and is deferring professional fee payments pending sufficient oil and gas revenues.
- professional feesnote: Approximate figure for unpaid professional fee arrears; a partial payment was made the week of November 18, 2011 · party: professionals to ROGI (unspecified, likely Monitor and counsel) · amount: 332000 · period: inception of proceedings to November 11, 2011 · currency: CAD
- report date22 November 2011
- report noThird Report of the Monitor
- sale outcometext: ROGI is not considering an outright sale of assets at this time, and is pursuing a strategic investment solicitation process instead · scope: whole_business · status: listed