Alberta · CCAA
4. Fourth Report of the Monitor
Court officer report · 23 February 2012
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 filing9 verified
- cash on handnote: Closing cash at end of Reporting Period (November 12, 2011 to February 16, 2012) · amount: 124451 · currency: CAD
- disbursementsnote: Total actual cash disbursements for the Reporting Period · since: November 12, 2011 (start of Reporting Period) · amount: 588326 · currency: CAD
- operational summaryROGI continues to operate its non-operating oil and gas working interests while pursuing a strategic investment solicitation process and, following committee direction, an amended process soliciting purchase bids for its assets.
- process resultsbids: 4 · note: SISP Marketing Teaser distributed to 130 Interested Parties; four Proposals received prior to the SISP Deadline, one subsequently withdrawn · solicited: 130
- professional feesnote: Actual disbursements relate primarily to professional fees of $400,000 (approx); outstanding professional fee arrears of approximately $40,000 as at February 3, 2012 · party: Monitor and legal counsel · amount: 393271 · period: November 12, 2011 to February 16, 2012 (Reporting Period) · currency: CAD
- receipts cumulativenote: Total actual cash receipts for the Reporting Period · since: November 12, 2011 (start of Reporting Period) · amount: 442638 · currency: CAD
- report date23 February 2012
- report noFourth Report
- sale outcometext: SISP underway; proposals received and being reviewed; process being amended to solicit Purchase Bids for the assets · scope: whole_business · status: liquidation_in_progress