Alberta · Proposal

Trustee's Preliminary Report (filed )

Court officer report · 30 August 2017

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 filing1 verified

financial positionnote: Assets as at Assignment Date (components only, not summed): Cash 454,000; Accounts receivable 770,000; Swan Hills Property 2,500,000; Other oil and gas properties taken possession by the Trustee: To be determined; Other oil and gas properties to be disclaimed by the Trustee: No recoverable value. Secured Brookfield credit facility 49,937,871 (secured) and shareholder loan 14,333,015 (unsecured) at the Assignment Date; rural property taxes of approximately $525,000 may give rise to priority charges. Liabilities are otherwise listed in the Statement of Affairs; no additional liabilities identified since the Assignment Date. · basis: Trustee's preliminary evaluation of property as at the Assignment Date (estimated values) · scope: Second Wave Petroleum Inc. (SWP) bankruptcy estate · currency: CAD