Alberta · CCAA
Official Translation - MQ Brief - Motion for Reconsideration Recognition Order - 2026.01.22
Application / notice of application · 22 January 2026
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What we verified from this filing1 verified
- secured creditorsnote: No outstanding balance figure stated in this filing; only facility/security instruments referenced. Governed by Colombian law per stipulation in the security agreements. Subject of dispute: proposed DIP Lender priority lien (from Canadian CCAA Second Amendment, unnamed DIP Lender) would prime/subordinate Macquarie's existing security over Colombian assets; DIP financing/lien not yet authorized by Colombian authority as of this filing (opposed by Macquarie). · as of: 2024-09-03 (Credit and Guarantee Agreement date) · debtor: Canacol Energy Ltd. and Canacol Group entities (Canacol Energy Colombia S.A.S., CNE Oil & Gas S.A.S., CNE Energy S.A.S., Cantana Energy – Colombian Branch, CNEOG Colombia – Colombian Branch) · creditor: Macquarie Bank Ltd. · security: Credit and Guarantee Agreement (Macquarie Credit Facility) dated Sept 3, 2024; security package includes: irrevocable fiduciary assignment for local collateral agent; secured transactions agreement over assets; conditional assignment of E&P contractual/economic rights; account control agreement; share-pledge (secured interest) agreements over CNE Energy S.A.S., CNE Oil & Gas S.A.S. and Canacol Energy Colombia S.A.S. shares; movable guarantees registered with Confecámaras (multiple folio numbers) over Colombian assets