Saskatchewan · Bankruptcy
First Report of the Trustee
Court officer report · 17 March 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 filing4 verified
- financial positionnote: Components only, not summed: PNG Assets valued at approximately $460,398.00; Equipment and Machinery valued at approximately $250,398.00; secured claims of $710,796.00; unsecured claims of $4,754,823.81 (per Statement of Affairs). Also, total deemed abandonment/reclamation liabilities estimated at approximately $2,494,900.00 per LLR Report dated March 17, 2026. · basis: Statement of Affairs (unaudited, management estimate) · scope: entity - Richelhoff Resources Inc. · currency: CAD
- operational summaryThe Company ceased oil and gas operations in 2024 with wells shut in, and the Trustee is now working to realize on the remaining PNG Assets and Equipment and Machinery through negotiated sale transactions.
- report date17 March 2026
- report noFirst Report