Saskatchewan · NOI
First Report of the Trustee
Court officer report · 15 November 2024
Also filed as: First Report of the Trustee
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 filing12 verified · 1 withheld
- applicantERNST & YOUNG INC., IN ITS CAPACITY AS TRUSTEE UNDER THE NOTICE OF INTENTION TO MAKE A PROPOSAL OF ALX ARTIFICIAL LIFT WERX LTD. AND DAVEY CROCKET INVESTMENTS LTD.
- courtCOURT OF KING’S BENCH FOR SASKATCHEWAN
- court file no22-3148814 / 22-3148822
- appointeeErnst & Young Inc.
- appointee roleproposal trustee
- commencement date1 November 2024
- cash on handnote: ALX actual ending cash balance for the period Oct 25 to Nov 15, 2024. DCIL's actual ending cash balance for the same period was $31,701 (unaudited). · as at: 2024-11-15 · amount: 73075 · currency: CAD · qualifier: ALX ending cash balance (actual, unaudited)
- disbursementsnote: ALX actual total disbursements for the period Oct 25 to Nov 15, 2024 (unaudited), shown as (70,608) in the table. DCIL's actual total disbursements for the same period were $132,305. · since: October 25, 2024 (ALX; period Oct 25 to Nov 15, 2024) · amount: 70608 · currency: CAD
- operational summaryALX is continuing to complete its pumpjack inventory for sale and developing a sales process for its inventory, land and equipment, while DCIL, a holding company, receives monthly freehold royalty income and advances interim financing to ALX during the NOI proceedings.
- receipts cumulativenote: ALX actual total receipts for the period Oct 25 to Nov 15, 2024 (unaudited). DCIL's actual total receipts for the same period were $162,487. · since: October 25, 2024 (ALX; period Oct 25 to Nov 15, 2024) · amount: 126232 · currency: CAD
- report date15 November 2024
- report noFirst Report
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.