Alberta · Receivership (court-appointed)
Fifth Report of the Receiver (July 31, 2026)
Court officer report · 31 July 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 filing7 verified
- cash on handnote: Opening cash during the Reporting Period was $58,261; no opening cash at the Receivership Date and the GNWT funded the entire proceedings. Residual cash is forecast to be refunded to the GNWT. · as at: 2026-07-31 · amount: 1320188 · currency: CAD
- disbursementsnote: Approximate figure for the Reporting Period only, not since the Receivership Date. Consisted primarily of NWT Abandonment Work (~$22.5 million), GST paid (~$1.2 million), contractor payments (~$0.5 million), professional fees and costs of the Receiver and its counsel (~$0.4 million) and other disbursements (~$0.3 million). · since: Reporting Period (November 26, 2022 to July 31, 2026) · amount: 24900000 · currency: CAD
- operational summaryThe receivership is winding down: well abandonment work is largely complete, with minor outstanding items (removal of temporary fences, backfilling of well centres, signage updates and debris removal) and historical spill investigations remaining. The GNWT has funded the entire process and will take custody to complete the remaining work, so the Receiver seeks discharge once the land use permit and water licence are assigned to the GNWT.
- professional feesnote: Exclusive of GST. NWT Receiver's counsel (Fasken/BLG) fees for September 27, 2022 to May 31, 2026 total $64,301.65 (exclusive of GST). Forecast fees and costs to discharge, including those incurred but unpaid, are approximately $60,000. Fees to October 31, 2022 were previously approved. · party: NWT Receiver (Alvarez & Marsal Canada Inc.) · amount: 388263.89 · period: November 1, 2022 to July 4, 2026 · currency: CAD
- receipts cumulativenote: Approximate figure for the Reporting Period only, not since the Receivership Date. Consisted primarily of GNWT advances (~$22.3 million), Obsidian receipts (~$2.1 million), CRA GST refunds (~$1.4 million), surplus equipment sales (~$0.3 million) and interest/other refunds (~$0.1 million). · since: Reporting Period (November 26, 2022 to July 31, 2026) · amount: 26200000 · currency: CAD
- report date31 July 2026
- report noFifth Report