Alberta · CCAA
25. Twenty-Fifth Report of the Monitor
Court officer report · 30 March 2011
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: The Monitor will issue a distribution to Celtic from the SemCAMS Ordinary Creditors' Pool in the amount of $1,344,189.95, representing 4% of Celtic's claim against SemCAMS; · pct of: unstated · outcome: distribution · pct low: 4 · pct high: 4 · class key: unsecured · stated by: monitor · amount low: 1344189.95 · amount high: 1344189.95 · class label: Celtic (unsecured claim against SemCAMS) · creditor name: Celtic Exploration Ltd. · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: If all or a portion of the Damages Claim is determined to be a valid claim, Celtic will only be entitled to a distribution from the Damages Reserve of the lesser of 4% of such proven Damages Claim and the amount in the Damages Reserve, if any. · pct of: proven_claims · outcome: distribution · pct low: 4 · pct high: 4 · class key: unsecured · stated by: monitor · class label: Celtic Damages Claim (SemCAMS) · creditor name: Celtic Exploration Ltd. · interim final: unstated · conditional on: If all or a portion of the Damages Claim is determined to be a valid claim, Celtic will only be entitled to a distribution from the Damages Reserve of the lesser of 4% of such proven Damages Claim and the amount in the Damages Reserve, if any. · claims qualifier: unstated; basis: plan · quote: During the Reporting Period, the Monitor has distributed approximately $8.2 million to Ordinary Creditors with proven claims in accordance with the SemCanada Crude Plan and $326,880 to Secured Creditors with proven claims in accordance with the SemCanada Crude Plan. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 8200000 · amount high: 8200000 · class label: SemCanada Crude Ordinary Creditors · interim final: unstated · claims qualifier: proven; basis: plan · quote: During the Reporting Period, the Monitor has distributed approximately $8.2 million to Ordinary Creditors with proven claims in accordance with the SemCanada Crude Plan and $326,880 to Secured Creditors with proven claims in accordance with the SemCanada Crude Plan. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 326880 · amount high: 326880 · class label: SemCanada Crude Secured Creditors · interim final: unstated · claims qualifier: proven; basis: plan · quote: As all Ordinary Creditors were receiving the maximum 4% distribution under the SemCanada Crude Plan, paying professional fees out of only the SemCanada Crude Ordinary Creditors' Pool would not affect the distribution to creditors. · pct of: unstated · outcome: distribution · pct low: 4 · pct high: 4 · class key: unsecured · stated by: monitor · class label: SemCanada Crude Ordinary Creditors (maximum distribution) · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The DPH Focus Corporation ("DPH') claim has been settled for the amount listed above and the Monitor is in the process of issuing a distribution to DPH in the amount of 4% of its proven unsecured claim; · pct of: proven_claims · outcome: distribution · pct low: 4 · pct high: 4 · class key: unsecured · stated by: monitor · class label: DPH Focus Corporation (SemCAMS unsecured claim) · creditor name: DPH Focus Corporation · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Pursuant to the SemEnergy Plan, all of the funds within the SemCanada Energy Group of Companies Ordinary Creditors' Pool will be distributed on a pro rata basis to SemCanada Energy Companies' Ordinary Creditors with proven claims with no distribution to BoA (i.e. there are no surplus funds available in this pool). · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · class label: SemCanada Energy Companies Ordinary Creditors · interim final: unstated · claims qualifier: proven; basis: plan · quote: During the Reporting Period, the Monitor has distributed approximately $450,000 to Secured Creditors with proven claims in accordance with the SemEnergy Plan. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 450000 · amount high: 450000 · class label: SemCanada Energy Companies Secured Creditors · interim final: unstated · claims qualifier: proven · table missing: