Alberta · Receivership (court-appointed)
Notice of Receiver
Notice of receiver (s. 245 / Form 87) · 17 June 2019
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What we verified from this filing22 verified
- financial positionnote: Asset breakdown: Cash $45k, Accounts receivable $290k, Inventory $370k, Prepaid expenses $1,391k, Property and equipment net $36,285k, Total $38,381k (in $000's). No total liabilities stated on these pages; secured creditor amounts largely 'Unknown'. · page: 1 · as at: 2018-12-31 · basis: Book value based on internal and unaudited Company financial records as of December 31, 2018, except cash which is as of June 10, 2019; readers cautioned actual book and realizable values will differ as at receivership date · scope: Petrocapita Oil and Gas L.P. and Petrocapita G.P. I Ltd. (combined/collective 'Company') · currency: CAD · total assets: 38381000
- secured creditorsnote: Regulatory claim - book value listed as 'Unknown' · page: 2 · as of: 2019-06-11 · debtor: Petrocapita Oil and Gas L.P. and Petrocapita G.P. I Ltd. · creditor: Ministry of Energy and Resources - Government of Saskatchewan · currency: CAD · security: Security on the Property; amount owed unknown
- secured creditorsnote: Deemed trust class - book value listed as 'Unknown' · page: 2 · as of: 2019-06-11 · debtor: Petrocapita Oil and Gas L.P. and Petrocapita G.P. I Ltd. · creditor: Canada Revenue Agency · currency: CAD · security: Security on the Property; amount owed unknown
- secured creditorsnote: Possibly related party (parent trust) - book value listed as 'Unknown' · page: 2 · as of: 2019-06-11 · debtor: Petrocapita Oil and Gas L.P. and Petrocapita G.P. I Ltd. · creditor: Petrocapita Income Trust · currency: CAD · security: Security on the Property; amount owed unknown
- secured creditorsnote: Bank secured creditor - book value listed as 'Unknown' · page: 2 · as of: 2019-06-11 · debtor: Petrocapita Oil and Gas L.P. and Petrocapita G.P. I Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: Security on the Property; amount owed unknown
- secured creditorsnote: Book value in $000's per Form 87 table · page: 2 · amount: 18000 · debtor: Petrocapita Oil and Gas L.P. and Petrocapita G.P. I Ltd. · creditor: Pason Systems Corp. · currency: CAD · security: Security on the Property
- secured creditorsnote: Book value listed as 'Unknown' · page: 2 · as of: 2019-06-11 · debtor: Petrocapita Oil and Gas L.P. and Petrocapita G.P. I Ltd. · creditor: 946981 Alberta Ltd. · currency: CAD · security: Security on the Property; amount owed unknown
- secured creditorsnote: Book value listed as 'Unknown' · page: 2 · as of: 2019-06-11 · debtor: Petrocapita Oil and Gas L.P. and Petrocapita G.P. I Ltd. · creditor: Can-World Finance Services · currency: CAD · security: Security on the Property; amount owed unknown
- secured creditorsnote: Book value listed as 'Unknown' · page: 2 · as of: 2019-06-11 · debtor: Petrocapita Oil and Gas L.P. and Petrocapita G.P. I Ltd. · creditor: Superior Propane, A Division of Superior Plus LP · currency: CAD · security: Security on the Property; amount owed unknown
- secured creditorsnote: Book value listed as 'Unknown' · page: 2 · as of: 2019-06-11 · debtor: Petrocapita Oil and Gas L.P. and Petrocapita G.P. I Ltd. · creditor: Chrome Diesel Repair Ltd. · currency: CAD · security: Security on the Property; amount owed unknown
- secured creditorsnote: Regulatory claim (AER) - book value listed as 'Unknown' · page: 2 · as of: 2019-06-11 · debtor: Petrocapita Oil and Gas L.P. and Petrocapita G.P. I Ltd. · creditor: Alberta Energy Regulator · currency: CAD · security: Security on the Property; amount owed unknown
- secured creditorsnote: Listed as 'Unknown' book value on Form 87 (page 2) but exact figure given in Schedule A debenture list (page 3) as 'ALLIANCE - SENIOR SECURED DEBENTURES' · page: 3 · amount: 8697232.23 · debtor: Petrocapita Oil and Gas L.P. and Petrocapita G.P. I Ltd. · creditor: Alliance Trust Company, as Agent · currency: CAD · security: Senior Secured Debentures
- secured creditorsnote: Listed in Schedule A 'Debenture Holders and Unsecured Creditors' - creditor named MAHA ENERGY INC. · page: 3 · amount: 1369808.22 · debtor: Petrocapita Oil and Gas L.P. and Petrocapita G.P. I Ltd. · creditor: Maha Energy Inc. · currency: CAD · security: Debenture
- secured creditorsnote: Listed in Schedule A debenture list · page: 3 · amount: 114527.74 · debtor: Petrocapita Oil and Gas L.P. and Petrocapita G.P. I Ltd. · creditor: Pacific Oil Company · currency: CAD · security: Debenture
- secured creditorsnote: Listed in Schedule A debenture list · page: 3 · amount: 446259.89 · debtor: Petrocapita Oil and Gas L.P. and Petrocapita G.P. I Ltd. · creditor: Crucible · currency: CAD · security: Debenture
- secured creditorsnote: Listed in Schedule A debenture list · page: 3 · amount: 521377.81 · debtor: Petrocapita Oil and Gas L.P. and Petrocapita G.P. I Ltd. · creditor: Joyce Vallee & Acme Securities · currency: CAD · security: Debenture
- secured creditorsnote: Listed in Schedule A debenture list · page: 3 · amount: 151954.27 · debtor: Petrocapita Oil and Gas L.P. and Petrocapita G.P. I Ltd. · creditor: Smartworks Oilfield Maintenance · currency: CAD · security: Debenture
- secured creditorsnote: Form 87 (page 2) shows book value $8,070,000 (in $000's, rounded); Schedule A (page 3) gives exact figure $8,074,208.11 for 'SAFEWAY HOLDINGS' debenture · page: 3 · amount: 8074208.11 · debtor: Petrocapita Oil and Gas L.P. and Petrocapita G.P. I Ltd. · creditor: Safeway Holdings (Alberta) Ltd. · currency: CAD · security: Debenture
- secured creditorsnote: Listed in Schedule A debenture list · page: 3 · amount: 217141.71 · debtor: Petrocapita Oil and Gas L.P. and Petrocapita G.P. I Ltd. · creditor: Hytop Well Servicing - Hot Tools · currency: CAD · security: Debenture
- secured creditorsnote: Listed in Schedule A debenture list · page: 3 · amount: 174774.77 · debtor: Petrocapita Oil and Gas L.P. and Petrocapita G.P. I Ltd. · creditor: Hytop Well Servicing - Monte Jones · currency: CAD · security: Debenture
- unsecured creditorsnote: Grand total shown as negative (7,235,957.55) representing sum of invoice balances for POGLP; underlying listing itemises approximately 350+ individual creditors across pages 4-12 (too numerous to list individually in this extraction structure per aggregate reporting convention, though document itself does itemise each - see itemised entries not reproduced due to volume; grand total taken from page 12) · page: 12 · basis: Sum of Invoice Balance grand total per Schedule listing · amount: 7235957.55 · debtor: Petrocapita Oil and Gas L.P. · creditor: Unsecured creditors (aggregate as reported - POGLP entity) · currency: CAD
- unsecured creditorsnote: Grand total for Petro GP I Ltd entity; components include Alberta Energy Regulator (24,791.38 - regulatory), Government of Alberta (20.00), and The City of Calgary (113.73) · page: 12 · basis: Sum of Invoice Balance grand total per Schedule listing · amount: 24925.11 · debtor: Petrocapita G.P. I Ltd. · creditor: Unsecured creditors (aggregate as reported - Petro GP I Ltd. entity) · currency: CAD