Alberta · Receivership (court-appointed)
Second Report of the Receiver
Court officer report · 30 November 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 filing10 verified
- disbursementsnote: Total disbursements for the Reporting Period, April 23, 2012 to November 30, 2012, including estimated costs to closing · since: April 23, 2012 · amount: 5884153 · currency: CAD
- operational summarySMR's production remains shut in since before the receivership began, and the Receiver has completed a sales and solicitation process resulting in agreements to sell substantially all assets to Spoke Energy Ltd. and the Tenaka Property to CNRL, with the Receiver seeking court approval of these sales and its own discharge.
- process resultsbids: 2 · ndas: 14 · note: Final Bids received from SMRH and CNRL at Final Bid Deadline; only SMRH's bid qualified · as of: 2012-09-17 · solicited: 122 · qualified bids: 1
- professional feesnote: Receiver $526,327; Receiver's counsel $257,560; includes estimated fees forecasted to be incurred to completing the proceedings · party: Receiver and Receiver's counsel · amount: 783887 · period: April 23, 2012 to November 30, 2012 · currency: CAD
- purchaserSpoke Energy Ltd.; CNRL
- receipts cumulativenote: Total receipts for the Reporting Period, April 23, 2012 to November 30, 2012 · since: April 23, 2012 · amount: 8151475 · currency: CAD
- report date30 November 2012
- report noSecond Report
- sale outcometext: Receiver recommends Court approve the Spoke APA and CNRL PSA · scope: whole_business · status: pending_approval
- stalking horsestate: stated_none