Alberta · Receivership (court-appointed)
Third Report of the Receiver
Court officer report · 13 October 2026
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 filing11 verified · 1 withheld
- secured creditorsnote: Outstanding balance not stated in this report. The Lenders are described as the main creditor stakeholders; the Lenders' consent is a condition of the ND Facility sale. Interim distribution of $3.0M is a paydown, not a balance. · page: 12 · debtor: Energera Inc., Energera International Inc., Energera America Inc., Sandtinel LLC · creditor: Royal Bank of Canada, as Agent for the syndicate of lenders (the Lenders) · currency: CAD · security: Not described in this report; the Receiver was appointed on RBC's application as Agent. Court-approved interim distribution of $3,000,000 paid to the Lenders (Aug 12, 2026 order) during the Reporting Period (Jul 25/26 to Oct 2/26).
- unsecured creditorsnote: Approx. USD $5.6 million intercompany receivable owing from ESAS to ENH, stated as approximate; this is a receivable owed to the Company, not a liability, and is noted only for context. It is not a creditor of the Company. · page: 15 · basis: Intercompany receivable (asset of the estate), not a creditor claim against the Company · debtor: ESAS (non-debtor Argentine subsidiary) -- receivable of ENH · creditor: Argentina-related: Energera Sociedad Por Acciones Simplificada (ESAS) owes Energera Inc. (ENH) · currency: USD
- cash on handnote: Statement of receipts and disbursements shows closing cash of $5,408 (CAD 000's) as at Oct 2/26. · as at: 2026-10-02 · amount: 5400000 · currency: CAD · qualifier: approximately
- operational summaryThe Receiver continues to operate the business with Company staff, accepting customer work orders and collecting receivables, while selling the North Dakota facility and exploring monetization of the Argentina Investment and preparing for the McDougall auction of assets.
- professional feesnote: Exclusive of GST: $510,485.00 fees plus $5,130.92 expenses. Also sought: Canadian counsel (Torys LLP) $151,953.96 excl. GST (June 9 to Sept 22, 2026); US counsel (Munch, Hardt, Kopf & Harr) $46,553.67 (July 1 to Aug 31, 2026, converted from USD at 1.37). · party: Receiver (Alvarez & Marsal Canada Inc.) · amount: 515615.92 · period: June 21, 2026 to September 26, 2026 · currency: CAD
- purchaserprice: sealed: false · scope: North Dakota real property under a Commercial Purchase Agreement (price and property description not legible) · status: proposed · name note: purchaser of North Dakota commercial real property under the Commercial Purchase Agreement (Appendix A); the buyer's name is not legible in the text (only the signature 'Courtney Brackin' appears) · structure: real_property · name source: schedule · relationship: unstated · agreement date: 2026-09-11
- receipts cumulativenote: Statement presented in CAD 000's; total receipts 19,490. Reporting Period (Jul 25 to Oct 2, 2026) receipts were 7,517, including a 3,600 asset sale deposit. · since: March 17, 2026 (Receivership Date) to October 2, 2026 · amount: 19490000 · currency: CAD
- report date13 October 2026
- report noThird Report of the Receiver
- sale outcometext: The Court granted an Auction Approval and Vesting Order on August 12, 2026 approving the transaction contemplated in the Stalking Horse Agreement with McDougall; the report also appends a Sale Agreement (a North Dakota commercial purchase agreement) and seeks an approval and vesting order. · scope: liquidation · status: approved
- stalking horseMcDougall Auctioneers Ltd.
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.