Alberta · NOI
Second Report of the Proposal Trustee and First Report of the Proposed Monitor
Court officer report · 21 February 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: Combined cash on hand of the Razor Entities as at February 18, 2024 · as at: 2024-02-18 · amount: 118000 · currency: CAD · qualifier: approximately
- operational summaryRazor Energy is a junior oil and gas producer undertaking a court-supervised sale and investment solicitation process (SISP) for its assets while continuing limited operations; production from its South Swan Hills assets had been shut in due to a dispute with Conifer over access to the Judy Creek Gas Plant, which a February 21, 2024 court decision found should be reconnected.
- professional feesnote: This is a forecast/projected figure in the CCAA Cash Flow Statement, not actual fees incurred; actual professional fees for the prior period (Jan 29-Feb 18, 2024) were $325,000 per the Razor Energy budget-to-actual table · party: Proposed Monitor, Proposed Monitor's legal counsel, Razor Entities' legal counsel, and sales agent (combined, forecast) · amount: 340000 · period: February 19, 2024 to March 31, 2024 · currency: CAD
- report date21 February 2024
- report noSecond Report of the Proposal Trustee and First Report of the Proposed Monitor