Alberta · CCAA
17. Seventeenth Report of the Monitor
Court officer report · 15 December 2015
What we verified from this filing11 verified
- cash on handnote: Excludes legal fees of approximately $52,917 outstanding to ROGI's legal counsel and fees owing to its CIO of approximately $22,000. · as at: 2015-11-17 · amount: 139000 · currency: CAD · qualifier: approximately
- closing confirmedscope: the Oil and Gas Interests · outcome: completed · date basis: unstated · approval order date: 2014-12-16
- disbursementsnote: Cumulative to November 17, 2015 (the Reporting Period). · since: May 24, 2013 (Plan Implementation Date) · amount: 2799828 · currency: CAD
- operational summaryROGI has completed the sale of its remaining oil and gas working interests and distributed most proceeds to Debenture Holders; it is now winding down its CCAA proceedings, settling remaining liabilities and preparing a Final Distribution before seeking discharge of the Monitor, CIO and Debenture Holders' Committee.
- professional feesnote: Amount excludes applicable taxes; Monitor's legal counsel's fees and expenses paid to counsel total $120,841 (including GST) reported separately. · party: Monitor · amount: 421050 · currency: CAD
- purchaserprice: note: amount stated as $2.15 million in text; report says 'collected proceeds of $2.15 million from the sale' · basis: cash · amount: 2.15 · sealed: false · currency: CAD · scope: the Oil and Gas Interests · status: closed · name note: unnamed third party oil and gas company, referred to as "the Purchaser" · structure: assets · name source: recital · relationship: unstated
- receipts cumulativenote: Cumulative to November 17, 2015 (the Reporting Period). · since: May 24, 2013 (Plan Implementation Date) · amount: 2667715 · currency: CAD
- recovery outcomeentries: basis: actual · quote: As identified above, the Series 1 Debenture Holders were fully repaid on April 30, 2015. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: Series 1 Debenture Holders · creditor name: Series 1 Debenture Holders · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The proposed Final Distribution, if any, will be distributed 60% to the Series 2 Debenture Holders and 40% to the Series 3 to 6 Debenture Holders in accordance with the distribution scheme set forth in the Alternative Plan. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · class label: Series 2 Debenture Holders · creditor name: Series 2 Debenture Holders · interim final: final · conditional on: Final Distribution, if any, distributed 60% to the Series 2 Debenture Holders and 40% to the Series 3 to 6 Debenture Holders · claims qualifier: unstated; basis: plan · quote: The proposed Final Distribution, if any, will be distributed 60% to the Series 2 Debenture Holders and 40% to the Series 3 to 6 Debenture Holders in accordance with the distribution scheme set forth in the Alternative Plan. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · class label: Series 3 to 6 Debenture Holders · creditor name: Series 3 to 6 Debenture Holders · interim final: final · conditional on: Final Distribution, if any, distributed 60% to the Series 2 Debenture Holders and 40% to the Series 3 to 6 Debenture Holders · claims qualifier: unstated · stated on: 2015-12-15 · table missing:
- report date15 December 2015
- report noSeventeenth Report of the Monitor
- sale outcometext: ROGI closed the sale of its Oil and Gas Interests in accordance with the APA and collected proceeds of $2.15 million from the sale · scope: whole_business · status: closed