Alberta · NOI
Eighth Report of the Monitor
Court officer report · 6 November 2024
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What we verified from this filing5 verified
- cash on handnote: Ending cash balance as at end of actual period October 27, 2024, described as approximately $1.6 million · as at: 2024-10-27 · amount: 1639000 · currency: CAD · qualifier: approximately
- operational summaryRazor Energy continues normal course oil and gas operations while advancing a court-supervised sale of substantially all shares to Texcal Energy Canada Inc. via a reverse vesting order, with excluded assets/liabilities to be transferred to a newly created ResidualCo.
- professional feesnote: This is a forecast figure from the Eighth Cash Flow Forecast, not actual incurred fees; actual period professional & sales agent fees were $0 vs budget of $(325,000). · party: Monitor, Monitor's Counsel, and Razor Entities' legal counsel · amount: 306000 · period: October 28, 2024 to December 1, 2024 (forecast) · currency: CAD
- report date6 November 2024
- report noEighth Report