Alberta · Receivership (court-appointed)

Notice of Statement of Receiver

Notice of receiver (s. 245 / Form 87) · 3 November 2016

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appointeeHudson & Company Insolvency Trustees Inc.
appointee rolereceiver
commencement date27 October 2016
financial positionnote: The stated asset total is $1,147,892: property and equipment, net $1,015,719; accounts receivable $128,761; other assets $3,412. Secured claims: BMO $892,000 (approximate); CRA Unknown. Schedule “A”: preferred creditors $9,450.01 and unsecured creditors $1,170,259.06, totalling $1,179,709.07. Oilfield services, Brooks, Alberta. · page: 1 · basis: Book Value per the Company's financial records — property and equipment as of July 31, 2016; accounts receivable per a listing provided by the Company on October 27, 2016 (which “may have already been collected or may not be collectible”); realizable values may differ materially (Note 1). · scope: Pechanga Oilfield Services Ltd. (entity level) — assets only · currency: CAD · total assets: 1147892
provinceAlberta
statutory basisSubsections 245(1) and 246(1) of the Act
secured creditorsnote: The amount is stated as “Unknown”. Crown claim. · page: 2 · basis: Form 87 — Notice of Statement of the Receiver (ss.245(1) & 246(1) BIA), Hudson & Company Insolvency Trustees Inc., dated November 3, 2016, item 4(d), at Book Value. Receiver privately appointed October 27, 2016 by Bank of Montreal under a General Security Agreement dated August 21, 2012; possession taken October 28, 2016. Note 2: listing compiled from the Alberta Personal Property Registry search, discussions with BMO and with the Company's directors. Stated total $892,000. · debtor: Pechanga Oilfield Services Ltd. · creditor: Canada Revenue Agency · currency: CAD · security: Listed under item 4(d) as a creditor holding security on the Property (per the Alberta PPR search).
secured creditorsnote: “The amount owing to the Bank of Montreal is an approximate amount” (Note 2). · page: 2 · basis: Form 87 — Notice of Statement of the Receiver (ss.245(1) & 246(1) BIA), Hudson & Company Insolvency Trustees Inc., dated November 3, 2016, item 4(d), at Book Value. Receiver privately appointed October 27, 2016 by Bank of Montreal under a General Security Agreement dated August 21, 2012; possession taken October 28, 2016. Note 2: listing compiled from the Alberta Personal Property Registry search, discussions with BMO and with the Company's directors. Stated total $892,000. · amount: 892000 · debtor: Pechanga Oilfield Services Ltd. · creditor: Bank of Montreal · currency: CAD · security: General Security Agreement dated August 21, 2012; BMO is the appointing lender.
unsecured creditorsnote: Individual creditor. · page: 4 · basis: Schedule “A” — “the list of preferred and unsecured creditors and the amount owed to each creditor and the total amount due based on the records of the Company”, attached to the same Form 87 (p.4). Preferred sub-total $9,450.01; unsecured sub-total $1,170,259.06; grand total $1,179,709.07. · amount: 438375 · debtor: Pechanga Oilfield Services Ltd. · creditor: Frank Bahr · currency: CAD
unsecured creditorsnote: Individual creditor. · page: 4 · basis: Schedule “A” — “the list of preferred and unsecured creditors and the amount owed to each creditor and the total amount due based on the records of the Company”, attached to the same Form 87 (p.4). Preferred sub-total $9,450.01; unsecured sub-total $1,170,259.06; grand total $1,179,709.07. · amount: 298307.75 · debtor: Pechanga Oilfield Services Ltd. · creditor: Michael Bahr · currency: CAD
unsecured creditorsnote: Individual creditor. · page: 4 · basis: Schedule “A” — “the list of preferred and unsecured creditors and the amount owed to each creditor and the total amount due based on the records of the Company”, attached to the same Form 87 (p.4). Preferred sub-total $9,450.01; unsecured sub-total $1,170,259.06; grand total $1,179,709.07. · amount: 260941 · debtor: Pechanga Oilfield Services Ltd. · creditor: Dave Bezeau · currency: CAD
unsecured creditorspage: 4 · basis: Schedule “A” — “the list of preferred and unsecured creditors and the amount owed to each creditor and the total amount due based on the records of the Company”, attached to the same Form 87 (p.4). Preferred sub-total $9,450.01; unsecured sub-total $1,170,259.06; grand total $1,179,709.07. · amount: 150000 · debtor: Pechanga Oilfield Services Ltd. · creditor: J & K Hemsing · currency: CAD
unsecured creditorspage: 4 · basis: Schedule “A” — “the list of preferred and unsecured creditors and the amount owed to each creditor and the total amount due based on the records of the Company”, attached to the same Form 87 (p.4). Preferred sub-total $9,450.01; unsecured sub-total $1,170,259.06; grand total $1,179,709.07. · amount: 5952.81 · debtor: Pechanga Oilfield Services Ltd. · creditor: Johnston Morrison Hunter LLP · currency: CAD
unsecured creditorsnote: Individual creditor. · page: 4 · basis: Schedule “A” — “the list of preferred and unsecured creditors and the amount owed to each creditor and the total amount due based on the records of the Company”, attached to the same Form 87 (p.4). Preferred sub-total $9,450.01; unsecured sub-total $1,170,259.06; grand total $1,179,709.07. · amount: 3968.03 · debtor: Pechanga Oilfield Services Ltd. · creditor: Sharon Zacharias · currency: CAD
unsecured creditorspage: 4 · basis: Schedule “A” — “the list of preferred and unsecured creditors and the amount owed to each creditor and the total amount due based on the records of the Company”, attached to the same Form 87 (p.4). Preferred sub-total $9,450.01; unsecured sub-total $1,170,259.06; grand total $1,179,709.07. · amount: 3026.21 · debtor: Pechanga Oilfield Services Ltd. · creditor: Cactus Communications · currency: CAD
unsecured creditorspage: 4 · basis: Schedule “A” — “the list of preferred and unsecured creditors and the amount owed to each creditor and the total amount due based on the records of the Company”, attached to the same Form 87 (p.4). Preferred sub-total $9,450.01; unsecured sub-total $1,170,259.06; grand total $1,179,709.07. · amount: 2951.05 · debtor: Pechanga Oilfield Services Ltd. · creditor: South Country Co-op Ltd. · currency: CAD
unsecured creditorsnote: Individual creditor; also holds a preferred claim of $2,000.00 on the same schedule. · page: 4 · basis: Schedule “A” — “the list of preferred and unsecured creditors and the amount owed to each creditor and the total amount due based on the records of the Company”, attached to the same Form 87 (p.4). Preferred sub-total $9,450.01; unsecured sub-total $1,170,259.06; grand total $1,179,709.07. · amount: 1921.31 · debtor: Pechanga Oilfield Services Ltd. · creditor: Jamie Hillier · currency: CAD
unsecured creditorspage: 4 · basis: Schedule “A” — “the list of preferred and unsecured creditors and the amount owed to each creditor and the total amount due based on the records of the Company”, attached to the same Form 87 (p.4). Preferred sub-total $9,450.01; unsecured sub-total $1,170,259.06; grand total $1,179,709.07. · amount: 1575 · debtor: Pechanga Oilfield Services Ltd. · creditor: Halo Safety Services Ltd · currency: CAD
unsecured creditorspage: 4 · basis: Schedule “A” — “the list of preferred and unsecured creditors and the amount owed to each creditor and the total amount due based on the records of the Company”, attached to the same Form 87 (p.4). Preferred sub-total $9,450.01; unsecured sub-total $1,170,259.06; grand total $1,179,709.07. · amount: 1517 · debtor: Pechanga Oilfield Services Ltd. · creditor: Omega Transport Services Inc · currency: CAD
unsecured creditorsnote: Individual creditor; also holds a preferred claim of $2,000.00 on the same schedule. · page: 4 · basis: Schedule “A” — “the list of preferred and unsecured creditors and the amount owed to each creditor and the total amount due based on the records of the Company”, attached to the same Form 87 (p.4). Preferred sub-total $9,450.01; unsecured sub-total $1,170,259.06; grand total $1,179,709.07. · amount: 1125.7 · debtor: Pechanga Oilfield Services Ltd. · creditor: Russell Parks · currency: CAD
unsecured creditorspage: 4 · basis: Schedule “A” — “the list of preferred and unsecured creditors and the amount owed to each creditor and the total amount due based on the records of the Company”, attached to the same Form 87 (p.4). Preferred sub-total $9,450.01; unsecured sub-total $1,170,259.06; grand total $1,179,709.07. · amount: 572.25 · debtor: Pechanga Oilfield Services Ltd. · creditor: Bear Tools Ltd. · currency: CAD
unsecured creditorsnote: Individual creditor; also holds a preferred claim of $2,000.00 on the same schedule. · page: 4 · basis: Schedule “A” — “the list of preferred and unsecured creditors and the amount owed to each creditor and the total amount due based on the records of the Company”, attached to the same Form 87 (p.4). Preferred sub-total $9,450.01; unsecured sub-total $1,170,259.06; grand total $1,179,709.07. · amount: 24.95 · debtor: Pechanga Oilfield Services Ltd. · creditor: Mark Dallaire · currency: CAD
unsecured creditorsnote: Regulatory claim. The stated amount of $1.00 is a placeholder, not a measured balance. · page: 4 · basis: Schedule “A” — “the list of preferred and unsecured creditors and the amount owed to each creditor and the total amount due based on the records of the Company”, attached to the same Form 87 (p.4). Preferred sub-total $9,450.01; unsecured sub-total $1,170,259.06; grand total $1,179,709.07. · amount: 1 · debtor: Pechanga Oilfield Services Ltd. · creditor: Worker's Compensation Board · currency: CAD
unsecured creditorsnote: Listed under “Preferred creditors” on Schedule “A” — a preferred (priority) claim, recorded among unsecured per the claims ladder with its stated rank preserved in this note. Individual creditor. · page: 4 · basis: Schedule “A” — “the list of preferred and unsecured creditors and the amount owed to each creditor and the total amount due based on the records of the Company”, attached to the same Form 87 (p.4). Preferred sub-total $9,450.01; unsecured sub-total $1,170,259.06; grand total $1,179,709.07. · amount: 869.5 · debtor: Pechanga Oilfield Services Ltd. · creditor: Matt Mitchelle · currency: CAD
unsecured creditorsnote: Listed under “Preferred creditors” on Schedule “A” — a preferred (priority) claim, recorded among unsecured per the claims ladder with its stated rank preserved in this note. Individual creditor. · page: 4 · basis: Schedule “A” — “the list of preferred and unsecured creditors and the amount owed to each creditor and the total amount due based on the records of the Company”, attached to the same Form 87 (p.4). Preferred sub-total $9,450.01; unsecured sub-total $1,170,259.06; grand total $1,179,709.07. · amount: 911.51 · debtor: Pechanga Oilfield Services Ltd. · creditor: Dan J. Gunton · currency: CAD
unsecured creditorsnote: Listed under “Preferred creditors” on Schedule “A” — a preferred (priority) claim, recorded among unsecured per the claims ladder with its stated rank preserved in this note. Individual creditor. · page: 4 · basis: Schedule “A” — “the list of preferred and unsecured creditors and the amount owed to each creditor and the total amount due based on the records of the Company”, attached to the same Form 87 (p.4). Preferred sub-total $9,450.01; unsecured sub-total $1,170,259.06; grand total $1,179,709.07. · amount: 1669 · debtor: Pechanga Oilfield Services Ltd. · creditor: Brett Jackson · currency: CAD
unsecured creditorsnote: Listed under “Preferred creditors” on Schedule “A” — a preferred (priority) claim, recorded among unsecured per the claims ladder with its stated rank preserved in this note. Individual creditor. · page: 4 · basis: Schedule “A” — “the list of preferred and unsecured creditors and the amount owed to each creditor and the total amount due based on the records of the Company”, attached to the same Form 87 (p.4). Preferred sub-total $9,450.01; unsecured sub-total $1,170,259.06; grand total $1,179,709.07. · amount: 2000 · debtor: Pechanga Oilfield Services Ltd. · creditor: Russell Parks · currency: CAD
unsecured creditorsnote: Listed under “Preferred creditors” on Schedule “A” — a preferred (priority) claim, recorded among unsecured per the claims ladder with its stated rank preserved in this note. Individual creditor. · page: 4 · basis: Schedule “A” — “the list of preferred and unsecured creditors and the amount owed to each creditor and the total amount due based on the records of the Company”, attached to the same Form 87 (p.4). Preferred sub-total $9,450.01; unsecured sub-total $1,170,259.06; grand total $1,179,709.07. · amount: 2000 · debtor: Pechanga Oilfield Services Ltd. · creditor: Mark Dallaire · currency: CAD
unsecured creditorsnote: Listed under “Preferred creditors” on Schedule “A” — a preferred (priority) claim, recorded among unsecured per the claims ladder with its stated rank preserved in this note. Individual creditor. · page: 4 · basis: Schedule “A” — “the list of preferred and unsecured creditors and the amount owed to each creditor and the total amount due based on the records of the Company”, attached to the same Form 87 (p.4). Preferred sub-total $9,450.01; unsecured sub-total $1,170,259.06; grand total $1,179,709.07. · amount: 2000 · debtor: Pechanga Oilfield Services Ltd. · creditor: Jamie Hillier · currency: CAD