Alberta · CCAA
1. First Report of the Monitor
Court officer report · 12 December 2012
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: Report states the ending cash balance as at December 7, 2012 was approximately $1.2 million; Appendix A shows ending cash of 1,228,167. · as at: 2012-12-07 · amount: 1228167 · currency: CAD · qualifier: approximately
- disbursementsnote: Actual disbursements for the Reporting Period, described as approximately $130,000; forecast disbursements for the period were 2,242,871. · since: November 27, 2012 (Initial Order) to December 7, 2012 · amount: 129049 · currency: CAD
- operational summarySkope continues to operate its non-operated oil and gas interests under CCAA protection while running a sale and investment solicitation process and a claims process, and the Monitor forecasts sufficient cash to operate through January 31, 2013. Skope is seeking a stay extension to January 31, 2013 and approval to pay operator cash calls.
- professional feesnote: Actual CCAA professional fees disbursed in the Reporting Period per Appendix A. The Forecast separately projects a further $95,511 of CCAA professional fees for Dec. 8, 2012 to Jan. 31, 2013, relating to accrued but unbilled Monitor and counsel costs and future work. · party: CCAA professional fees (Monitor and legal counsel) · amount: 54489 · period: Nov. 27, 2012 to Dec. 7, 2012 · currency: CAD
- receipts cumulativenote: Actual receipts for the Reporting Period, described as approximately $80,000; consists of a receivable from the operator (September Joint Interest Billing). Forecast receipts for the period were 1,711,605. · since: November 27, 2012 (Initial Order) to December 7, 2012 · amount: 80027 · currency: CAD
- report date12 December 2012
- report noFirst Report of the Monitor