CALGARY OIL & GAS SYNDICATE GROUP LTD., CALGARY OIL & GAS INTERCONTINENTAL GORUP LTD., T5 SC OIL AND GAS LIMITED PARTNERSHIP, CALGARY OIL AND SYNDICATE PARTNERS LTD. AND PERTROWORLD ENERGY LTD. (collectively referred to as the “COMPANIES”)

On February 11, 2021, an Order (the “CCAA Initial Order”) was granted by the Honourable Mr. Justice D.B. Nixon of the Court of Queen’s Bench of Alberta (the “Court”) pursuant to the Companies’ Creditors Arrangement Act granting the Companies various relief including, but not limited to, the imposition of an initial stay of proceedings (the “Stay”) against the Companies and their assets.  The Court appointed BDO Canada Limited as the monitor of the Companies (the “Monitor”).  On February 19, 2021, the Court granted a further Order (the “Amended and Restated Initial Order”) further extending the Stay through to March 4, 2021.
Pursuant to the CCAA Initial Order, the Companies are to continue to carry on business in a manner consistent with the commercially reasonable preservation of their businesses while they consider and pursue restructuring alternatives. 
The CCAA Initial Order provides that claims against the Companies in relation to obligations arising prior to February 11, 2021, including for goods and services supplied to the Companies prior to that date, are suspended, and creditors are prohibited from continuing or taking any actions or exercising any rights against the Companies except with leave of the Court. 
Creditors are not required to file a proof of claim at this time as a claims process has not yet been ordered by the Court.

Court Filings

Court Orders

Monitor's Reports and Correspondence

Service List

Contact Us

#110, 5800 – 2nd Street SW
Calgary, Alberta T2H 0H2
Jerri Beauchamp – jlbeauchamp@bdo.ca
Phone: 825.509.0394
Fax: 403.640.0591
 
 
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