Alberta · NOI
First Report of the Trustee March 15, 2022
Court officer report · 15 March 2022
A plain-language read of this filing opens with a subscription.
What we verified from this filing7 verified
- secured creditorsnote: Company estimate, 'approximately $531,106, plus interest and penalties'; deemed trust class claim · page: 5 · amount: 531106 · debtor: 915245 AB Ltd. o/a Prairie Tech Oilfield Service · creditor: Canada Revenue Agency · currency: CAD · security: Deemed trust - outstanding employee payroll source deductions
- secured creditorsnote: Secured revolving credit facility; 'current principal balance of approximately $421,899' as stated in report dated March 15, 2022; distinct from DIP/interim financing shown in cash-flow projections · page: 5 · amount: 421899 · debtor: 915245 AB Ltd. o/a Prairie Tech Oilfield Service · creditor: Servus Credit Union · currency: CAD · security: PPR registration over all present and after-acquired personal property
- secured creditorsnote: Related party arrangement: Company pays 1369274 AB Ltd. for equipment rent; Canadian Western Bank secured as guarantor for that related company's debt; amount not stated · page: 5 · debtor: 915245 AB Ltd. o/a Prairie Tech Oilfield Service · creditor: Canadian Western Bank · currency: CAD · security: PPR registration over all of the Company's property, as guarantor for 1369274 AB Ltd.
- secured creditorsnote: Aggregated per PPR disclosure; amounts not stated · page: 6 · debtor: 915245 AB Ltd. o/a Prairie Tech Oilfield Service · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Serialized equipment leases/liens registered in PPR: CWB National Leasing Inc. (lease on all photocopiers); 1635623 Alberta Inc. (lease on a 2016 Peterbilt 389); Dynamic Capital Equipment Finance Inc (lease on equipment trailers); Ford Credit Canada Leasing (lease on a 2019 Ford F350); TnT Tank & Trailer Repair LP (lease on equipment trailers); Kings Custom Polish & Detail Inc. (garage lien on a 2015 Kenworth T800)
- secured creditorsnote: Blanket all-property PPR registrant; amount not stated · page: 6 · debtor: 915245 AB Ltd. o/a Prairie Tech Oilfield Service · creditor: Essex Lease Financial Corp. · currency: CAD · security: PPR registration over all present and after-acquired property
- secured creditorsnote: Blanket all-property PPR registrant; amount not stated · page: 6 · debtor: 915245 AB Ltd. o/a Prairie Tech Oilfield Service · creditor: Fundthrough · currency: CAD · security: PPR registration over all present and after-acquired property
- secured creditorsnote: Blanket all-property PPR registrant; related party (Dwayne Vogel is director of the Company); amount not stated · page: 6 · debtor: 915245 AB Ltd. o/a Prairie Tech Oilfield Service · creditor: Vogel Family Trust · currency: CAD · security: PPR registration over all present and after-acquired property