Saskatchewan · NOI
Third Report of the Trustee
Court officer report · 6 February 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 filing8 verified
- cash on handnote: ALX ending cash balance (actual) for the period Dec 7, 2024 to Jan 24, 2025, unaudited. DCIL's actual ending cash balance for the same period was $8,047. · as at: 2025-01-24 · amount: 27102 · currency: CAD
- closing confirmedscope: two Pumpjack Inventory units · outcome: completed · purchaser: Western Basin Energy Corp. · date basis: unstated
- operational summaryALX is completing manufacture of remaining pumpjack inventory for sale to Western Basin, preparing an auction of remaining assets (April 24-28, 2025), and working to close approved asset sales, with DCIL funding ALX via interim financing. DCIL's operations are limited, funded by freehold royalty income.
- purchaserAllen Seib; Preferred Energy Inc.; Western Basin Energy Corp.; price: sealed: false · scope: Lands, and other assets through the auction process · status: proposed · name note: end purchasers at auction, unnamed · structure: auction · name source: recital · relationship: unstated
- report date31 January 2025
- report noThird Report
- sale advisorMack Auctions
- sale outcometext: Companies pursuing sales of Pumpjack Inventory, Lands, and an auction process for remaining assets · scope: liquidation · status: liquidation_in_progress