Alberta · Winding-up (CBCA)
First Report of the Proposed Liquidator
Court officer report · 18 October 2023
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 filing8 verified
- courtCOURT OF KING’S BENCH OF ALBERTA
- court file no2301-
- statutory basisCANADA BUSINESS CORPORATIONS ACT, R.S.C. 1985, C. C-44
- applicantRepsol Oil & Gas Canada Inc.
- appointeeErnst & Young Inc.
- appointee roleLiquidator
- statutory basissection 217 of the CBCA
- financial positionnote: Exhibit 1.0 summary of pro forma assets and liabilities as at November 2, 2023 (the First Hearing date), in US$000's, unaudited. Assets include REXSA Unlimited Guarantee listed as 'Unlimited' (not included in numeric total of 100,203) and a $10,000 letter of credit issued by HSBC Bank Canada on behalf of REXSA (related party security, see note). Liabilities include 'Legal claims - ROGCI Defendant' and 'Administrative costs and fees of liquidation' both listed as TBD (not quantified, not included in the (47,497) total). Cash balance separately described in prose as 'approximately $32 million' (para 28(a)); exact table figure of $31,927 (000s) used as the amount. · page: 10 · as at: 2023-11-02 · basis: pro forma, unaudited (US$000's) · scope: ROGCI (Repsol Oil & Gas Canada Inc.), entity level · currency: USD · total assets: 100203 · total liabilities: 47497