Alberta · NOI
Fifth Report of the Trustee
Court officer report · 4 August 2020
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 filing6 verified
- operational summaryTCSI was not operating as a business at the time of the report; the Trustee was pursuing court approval of a credit-bid sale of its assets to its parent company TEGI following an unsuccessful broader marketing process.
- process resultsbids: 1 · ndas: 3 · note: Three parties executed non-disclosure agreements and accessed the virtual data room; no other offer was received · as of: 2020-07-31 · qualified bids: 1
- purchaserTartan Energy Group International
- report date4 August 2020
- report noFifth Report
- sale outcometext: Approval of the sale of the TCSI assets under the SISP to Tartan Energy Group International · scope: whole_business · status: pending_approval