POINT LOMA RESOURCES LTD.

Receivership Proceedings

On June 8, 2020, the Court of Queen’s Bench of Alberta (the “Court”) granted an order (the “Receivership Order”) placing Point Loma Resources Ltd. (“Point Loma” or the “Company”) into receivership.   BDO Canada Limited has been appointed as the receiver of the Company (the “Receiver”).  A copy of the Receivership Order can be found below under the section entitled “Court Orders”.
The Receivership Order provides for a stay of proceedings such that creditors are prohibited from continuing or commencing any actions or exercising any rights against Point Loma and or its assets for payment of goods and services supplied to prior to June 8, 2020 absent seeking leave of the Court.  The Receivership Order further provides that suppliers of goods and services are restrained from discontinuing the provision of goods or services to the Receiver absent leave of the Court.
Field Operational Contact Information

The Receiver has retained Sproule Asset Management Limited (“Sproule”) to assist with the day-to-day management and operations of Point Loma’s assets. 
Inquiries or concerns associated with day-to-day field operations can be directed to Mr. Chris Gossen of Sproule at 403-444-0302 or at chris.gossen@sproule.com

Sales Process

The Receiver has engaged Sayer Energy Advisors (“Sayer”) to administer a sales process in respect of the Company’s oil and gas interests.  The deadline for offers is November 26, 2020.  Interested parties should contact Sayer at 403-266-6133.

Court Filings

Court Orders

Contact Us

#110, 5800 – 2nd Street SW
Calgary, Alberta T2H 0H2
Marc Kelly – makelly@bdo.ca
Phone: 403.536.8510
Fax: 403.640.0591
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