Alberta · CCAA
07. Seventh Report of the Monitor
Court officer report · 21 September 2009
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 filing5 verified
- cash on handnote: Rock Well Petroleum (U.S.) Inc.'s ending cash balance as at the same date was $892,170. · as at: 2009-09-11 · amount: 47382 · currency: USD
- operational summaryRock Well continues to operate under CCAA protection while pursuing implementation of its Plan of Arrangement; its DIP financing facility is fully drawn and production has resumed at the Poison Spider field in the U.S.
- recovery outcomeentries: basis: unstated · quote: | Overall recovery from the Base and Incremental Distributions | A/C | 26.55% | 28.04% | · pct of: unstated · outcome: distribution · pct low: 26.55 · currency: CAD · pct high: 28.04 · class key: unsecured · stated by: monitor · class label: Unsecured Creditors · interim final: unstated · currency quote: Estimated Distribution to Unsecured Creditors (in $CDN) · claims qualifier: unstated; basis: plan · quote: Essentially, the Plan provides that Rock Well Petroleum's U.S. creditors with approved claims will receive 100% of their proven claims in the event the Plan is approved and all conditions precedent met. · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: monitor · class label: Rock Well Petroleum's U.S. creditors with approved claims · interim final: unstated · conditional on: in the event the Plan is approved and all conditions precedent met · claims qualifier: unstated · stated on: 2009-09-21 · table missing:
- report date21 September 2009
- report noSeventh Report