Alberta · Receivership (court-appointed)
Sixth Report of the Receiver
Court officer report · 6 October 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 filing2 verified
- secured creditorsnote: No balance owing is stated. CCB objects to the proposed relief. Receiver states gross sale proceeds are under $29 million against estimated ARO of about $380 million, so there will be no distributions to CCB or any of Long Run's secured creditors. · page: 11 · debtor: Long Run Exploration Ltd. · creditor: China Construction Bank Toronto Branch (agent for Long Run's secured lenders) · currency: CAD · security: Fixed charges registered by way of debentures against all of Long Run's interests in land; CCB Charge Cancellation Order granted Dec 15, 2025 directing the Minister to cancel the registrations (not fully complied with); Receiver now seeks an order directing CCB's counsel to register a Single Page Blanket Cancellation, while confirming CCB's secured claim and priority
- unsecured creditorsnote: Regulatory/environmental obligation, not a conventional debt; stated as 'approximately $380 million'. All net sale proceeds must first address environmental obligations; $10,000,000 in interim distributions to AER made to date. · page: 13 · basis: Receiver's estimate of Long Run's ARO, as set out in the Fourth Report · amount: 380000000 · debtor: Long Run Exploration Ltd. · creditor: Alberta Energy Regulator / Orphan Well Association (environmental obligations, ARO) · currency: CAD