Alberta · CCAA
02. Second Report of the Monitor
Court officer report · 11 December 2008
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: Compared to the Forecast balance of $4,903,000; excess operating funds transferred to short-term interest bearing accounts. · as at: 2008-11-28 · amount: 8175000 · currency: CAD · qualifier: approximately
- disbursementsnote: Favourable variance of $1,912,000 against forecast. · since: Reporting Period, from the date of the Initial Order to November 28, 2008 (Appendix A column dated Sept 6, 2008) · amount: 5380000 · currency: CAD
- operational summaryThe applicants continue to operate in the normal course with no material adverse changes, retaining core employees and supplier services, with average production of about 1,140 boe/day while pursuing asset sales and restructuring.
- professional feesnote: Actual professional fees disbursed per Appendix A ($333K vs. $469K budget); forecast of $580,000 for the Second Forecast Period (Nov 29, 2008 to Feb 16, 2009). Tax treatment not stated. · party: Monitor and legal counsel (CCAA process professional fees) · amount: 333000 · period: Sept 6, 2008 to Nov 28, 2008 (Reporting Period) · currency: CAD
- receipts cumulativenote: Exceeds First Report Projections by approximately $1,364,000. · since: Reporting Period, from the date of the Initial Order to November 28, 2008 (Appendix A column dated Sept 6, 2008) · amount: 7771000 · currency: CAD
- report date11 December 2008
- report noSecond Report