Alberta · CCAA
Ninth Report of the Monitor filed May 2, 2025
Court officer report · 2 May 2025
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: Actual closing cash balance for the Post Filing Reporting Period (Feb 15 to Apr 27, 2025), versus 13,944,000 forecast in the Ninth Cash Flow Statement. Separately, the Monitor holds approximately $1.9 million in trust (Funds Held by the Monitor). · as at: 2025-04-27 · amount: 13682448 · currency: CAD
- closing confirmedscope: the Cascade Transaction · outcome: completed · effective: 2024-05-08 · purchaser: Cascade Capture Ltd. · date basis: stated · approval order date: 2024-04-26; scope: the Cenovus Transaction · outcome: completed · effective: 2024-10-02 · purchaser: Cenovus Energy Inc. · date basis: stated · approval order date: 2024-09-20; scope: the November 4th Transactions · outcome: completed · date basis: unstated · approval order date: 2024-11-04; scope: the November 21st Transactions · outcome: completed · date basis: unstated · approval order date: 2024-11-21; scope: the November 21st Transactions · outcome: not_completed · purchaser: Crbon Labs Inc. · date basis: unstated · approval order date: 2024-11-21; scope: the December 19th Transactions · outcome: completed · date basis: unstated · approval order date: 2024-12-19; scope: the Response Transaction · outcome: completed · purchaser: Response Energy Corporation · date basis: unstated · approval order date: 2025-02-25; scope: the Corporate Transaction · outcome: not_completed · purchaser: 071 AB · date basis: unstated · approval order date: 2024-12-19
- lawyerJeffrey Oliver
- operational summaryAlphabow is continuing to remarket non-core assets and awaiting AER licence transfer approvals to close the remaining court-approved transactions, including the Corporate Transaction. It continues the claims process and has paid down most of the RCAM amounts owed to the Orphan Well Association.
- purchaserCascade Capture Ltd.; Cenovus Energy Inc.; Culloden Resources Ltd. and Rayberg Holding Ltd.; Durham Creek Energy Ltd.; 2505108 AB Ltd. and Tians Oil Ltd.; Resistance Energy Ltd.; Power Serv Engine & Compressor Repair (Med Hat) Ltd.; Ember Resources Inc.; Tykewest Limited; Crbon Labs Inc.; HWN Energy Ltd.; North 40 Resources Ltd.; Rockeast Energy Corp.; PointBreak Resources Inc.; Warwick Gas Storage Ltd.; Signalta Resources Limited; 2628071 Alberta Ltd.; 2628069 Alberta Ltd.; 071 AB; 2661707 Alberta Ltd.; Response Energy Corporation
- report date2 May 2025
- report noNinth Report of the Monitor
- sale advisorSayer Energy Advisors
- sale outcometext: SISP has resulted in multiple transactions approved by the Court; most closed; Corporate Transaction remains outstanding · scope: whole_business · status: liquidation_in_progress