Alberta · CCAA
Fourth Report of the Monitor - 2026.02.27
Court officer report · 27 February 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing4 verified
- secured creditorsnote: Amount is approximate ('the Monitor understands approximates $40 million'); disputed/contested by Macquarie in Chapter 15/Colombian recognition and CCAA proceedings (leave to appeal dismissed); Macquarie also filed independent expert valuation challenging adequacy of protection afforded to it as secured creditor (rejected by Colombian Superintendency). · page: 72 · amount: 40000000 · debtor: Canacol Energy Ltd. and/or Colombian Debtors (Canacol Group) · creditor: Macquarie Bank Ltd. · currency: USD · security: Pre-filing secured claim; DIP Lenders' Charge granted in priority to Macquarie's security under the SARIO
- process resultsndas: 16 · note: As at February 25, 2026, of 55 Known Potential Bidders contacted, 16 signed an NDA and were granted access to the VDR. · as of: 2026-02-25 · solicited: 55
- sale advisorMoelis & Company LLC
- sale outcometext: SISP approved and being implemented; marketing underway with outreach to potential bidders · scope: whole_business · status: liquidation_in_progress