What we verified from this filing10 verified
- secured creditorsnote: Credit Agreement dated July 24, 2024; original Loan advanced was USD $16,250,000; aggregate repayment obligations owing stated as 'approximately USD $20 million, on an undiscounted basis'; repayment satisfied via monthly delivery in kind of 250 bbl/d of oil from Secured O&G Assets; document states 'To date, Blue Sky has paid the Secured Lenders approximately $9,650,987 million in respect of the Loan' (figure as written); Blue Sky stated current on obligations · page: 6 · as of: affidavit date (October 8, 2025) · amount: 20000000 · debtor: Blue Sky Resources Ltd. · creditor: ACES Canada SPV III ULC, as agent for a group of lenders (the "Secured Lenders") · currency: USD · security: Secured against a portion of Blue Sky's oil and gas assets in the Red Earth region (the 'Secured O&G Assets'); security registered at the Alberta PPR and against certain of Blue Sky's mineral leases
- secured creditorsnote: Approximate ('Approximately $2.5 million'); municipal tax arrears (municipal taxes typically carry statutory priority/lien) · page: 6 · amount: 2500000 · debtor: Blue Sky Resources Ltd. · creditor: Various municipalities · currency: CAD
- secured creditorsnote: Approximate ('Approximately $800,000'); GST and corporate tax arrears; deemed-trust class quasi-governmental claim · page: 6 · amount: 800000 · debtor: Blue Sky Resources Ltd. · creditor: Canada Revenue Agency · currency: CAD
- secured creditorsnote: Listed under 'statutory and regulatory obligations'; recipient of gas royalties not identified in document · page: 6 · amount: 1872563.84 · debtor: Blue Sky Resources Ltd. · creditor: Gas royalty holders (recipient not specified) · currency: CAD
- secured creditorsnote: Owing in respect of oil, gas and carbon tax royalties; quasi-governmental claim · page: 6 · amount: 1858621 · debtor: Blue Sky Resources Ltd. · creditor: BC Crown · currency: CAD
- secured creditorsnote: Regulatory obligation - outstanding orphan fund levy arrears; garnishment notice issued September 10, 2025 to Blue Sky's working interest partners requiring payment of amounts owing (up to $817,972.91) directly to the AER · page: 6 · amount: 817972.91 · debtor: Blue Sky Resources Ltd. · creditor: Alberta Energy Regulator (AER) · currency: CAD
- secured creditorsnote: Regulatory security deposit obligation; AER Security Order dated July 31, 2025 under s.27 Oil and Gas Conservation Act required a total Security Deposit of $10,092,583, payable in two installments (Aug 31, 2025 and Jan 31, 2026); first installment later spread over three payments ($1,500,000 by Aug 31, 2025; $1,750,000 by Sept 30, 2025; $1,750,000 by Oct 30, 2025); $1,500,000 paid Aug 31, 2025 · page: 6 · amount: 8592583 · debtor: Blue Sky Resources Ltd. · creditor: Alberta Energy Regulator (AER) · currency: CAD
- secured creditorsnote: Regulatory obligation - outstanding orphan and pipeline levies · page: 7 · amount: 262412.13 · debtor: Blue Sky Resources Ltd. · creditor: BC Energy Regulator · currency: CAD
- secured creditorsnote: Royalty interest, not a loan balance; Blue Sky Resources Ltd. listed as debtor 'Current by' amendment 22012726328; original/co-debtor is Direct Oil & Gas Inc. · page: 18 · debtor: Blue Sky Resources Ltd. (also naming Direct Oil & Gas Inc.) · creditor: Rothwell Development Corporation · currency: CAD · security: 8% gross overriding royalty (GORR) registered as a Land Charge (Registration No. 20022431952, registered 2020-Feb-24) encumbering petroleum substances under numerous Alberta Crown leases/licenses per GORR Agreement dated January 1, 2020
- secured creditorsnote: No balance stated; registration is a blanket equipment financing security agreement · page: 20 · debtor: Blue Sky Resources Ltd. · creditor: ARI Financial Services Inc. (PPSA equipment financiers (PMSI class)) · currency: CAD · security: General Security Agreement (Registration No. 20051428722, registered 2020-May-14, expiry 2030-May-14) over motor vehicles, automotive equipment, trailers, and materials-handling equipment