Alberta · Receivership (court-appointed)
Third Report of the Receiver (July 4, 2022)
Court officer report · 4 July 2022
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 filing7 verified
- cash on handnote: Closing cash balance of the NWT Receiver; funded entirely by the GNWT, with no opening cash at the Receivership Date. · as at: 2022-06-17 · amount: 75276 · currency: CAD
- disbursementsnote: Disbursements for the reporting period July 10, 2021 to June 17, 2022 were $791,299. · since: Receivership Date (January 28, 2020) to June 17, 2022 · amount: 3260559 · currency: CAD
- operational summaryStrategic's Cameron Hills wells have been shut-in since 2015 and the receiver is caring for and monitoring the NWT Property while pursuing a sale with a sole bidder and proposing an RFP to carry out court-ordered well abandonment work.
- professional feesnote: Exclusive of GST. Counsel BLG's fees and disbursements for the same period total $77,639 (exclusive of GST). · party: NWT Receiver (Alvarez & Marsal Canada Inc.) · amount: 161281 · period: July 1, 2021 to May 31, 2022 · currency: CAD
- receipts cumulativenote: Mainly government funding advanced by GNWT ($3,164,939), plus GST refunds ($101,425) and working interest receipts ($69,470). Receipts for the reporting period July 10, 2021 to June 17, 2022 were $829,325. · since: Receivership Date (January 28, 2020) to June 17, 2022 · amount: 3335834 · currency: CAD
- report date4 July 2022
- report noThird Report