Alberta · Receivership (court-appointed)
Application: Sale Approval, Limited Discharge, Final Discharge and Ancillary Relief - filed Sept 28, 2026
Application / notice of application · 26 September 2026
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 filing2 verified
- unsecured creditorsnote: Regulatory quasi-debt (abandonment/reclamation liability), not an ordinary trade claim. Separately, an AER compliance order dated August 12, 2025 required Forden to post security of approximately $895,687, which Forden was unable to provide. Approximate figures as stated in the application. · page: 8 · as of: commencement of the NOI Proceedings · basis: AER deemed liability, stated as 'approximately $21 million as of the commencement of the NOI Proceedings' and continuing to accrue in respect of the Remaining Properties · amount: 21000000 · debtor: Forden Energy Inc. · creditor: Alberta Energy Regulator (AER) – deemed liability / compliance security order · currency: CAD
- financial positionnote: Pre-filing creditor details (secured creditors, unsecured creditor listings) are not stated in this application; only the AER deemed liability (~$21 million) and the AER security order (~$895,687) are mentioned. · page: 9 · basis: Application states no balance sheet. Document states: 'there will be no distribution to any of the Companies' pre-filing creditors.' Remaining receivership funds go to the Orphan Well Association (OWA) as partial repayment of the Receiver's Borrowings (post-filing receivership borrowings, not pre-filing debt). · scope: Forden Energy Inc. and 2150865 Alberta Ltd. (Debtors), receivership application; no consolidated or entity financial statements given · currency: CAD