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.
Partial Discharge of Receiver – June 21, 2021
On June 21, 2021, the Court granted a “Partial Discharge Order” discharging the Receiver from effectively all of Point Loma's remaining interests in well, pipeline and facility licences that were not the subject of transactions concluded by the Receiver.
Conditional Discharge of Receiver – June 20, 2022
On June 20, 2022, the Court granted a “Conditional Order” discharging the Receiver subject to filing with the Clerk of the Court a Certificate of Discharge evidencing that all steps required to complete the Receivership Proceedings have been completed.
Full Discharge of Receiver – August 26, 2021
On August 26, 2022, the Receiver filed with the Court its Discharge Certificate, discharging it as Receiver of all remaining properties, a copy which is attached below:
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. Cam Yamada of Sproule at 403-294-5519 or at cam.yamada@sproule.com
Court Filings
Court Orders
- Receivership Order – June 8, 2020
- Approval and Vesting Order (InPlay Oil Corp.) – February 23, 2021
- Approval and Vesting Order (Red Angus Energy Inc.) – February 23, 2021
- Approval and Vesting Order (Summerland Energy Inc.) – February 23, 2021
- Sealing Order – February 23, 2021
- Approval and Vesting Order (Certus Oil and Gas Inc.) – April 26, 2021
- Approval and Vesting Order (Davilin Energy Corp.) – April 26, 2021
- Approval and Vesting Order (Silverleaf Resources Inc.) – April 26, 2021
- Order (Sealing and Approving Receiver's Actions) – April 26, 2021
- Order – Partial Discharge of Receiver – June 21, 2021
- Order – Conditional Discharge of Receiver – June 20, 2022
Receiver's Reports
Service List
Contact Us
#110, 5800 – 2nd Street SW
Calgary, Alberta T2H 0H2
Breanne Scott – brscott@bdo.ca
Phone: 403.213.5432
Fax: 403.640.0591