District of:
Alberta
Division No.:
02-Calgary
Court File No.:
1301-10851
A Canadian Member of Grant Thornton International Ltd
NOTICE AND STATEMENT OF RECEIVER
(Subsections 245(1) and 246(1) of the Act)
IN THE MATTER OF THE RECEIVERSHIP OF
EXPAND ENERGY CORPORATION
TAKE NOTICE THAT:
1.
On the 17
thday of September, 2013, the undersigned, Grant Thornton Limited, was
appointed receiver and manager (“
Receiver
”) in respect of the property of Expand
Energy Corporation (the “
Company
”) that is described below:
Assets
Net Book Value
Per Company
Exploration and evaluation
$
4,385,875
Property, plant and equipment
5,146,853
9,532,728
$
2.
The undersigned became a receiver and manager in respect of the property described
above by virtue of being appointed by the Court of the Queen’s Bench of Alberta (the
“
Court
”) pursuant to an order of the Court Action No. 1301-10851 (the “
Order
”).
3.
The undersigned took possession or control of the property described above on the 18
thday of September, 2013.
4.
The following information relates to the receivership:
a)
Address: PO Box 73111 RPO Woodbine Calgary AB T2W 6E4
b)
Principal line of business: Oil and Gas Exploration and Production
c)
Location of the business: Calgary, Alberta
A Canadian Member of Grant Thornton International Ltd
d)
The amount owed to each secured creditor, as obtained from Company records
and Personal Property Registry Search, is as follows:
Petroforte International Ltd.
$
1,380,000
e)
The list of other creditors, obtained from the Company’s accounting records,
including amount owed to each is listed in Exhibit “A” attached hereto. The
total amount due to these creditors is $
5,005,079.
f)
The Receiver understands that the assets of the Company have been recently
marketed through a public sales process which resulted in no acceptable offers;
however the Receiver anticipates receiving an offer from the primary secured
lender for all the assets of the Company. In accordance with the Order, any
offer for the assets will require the approval of the Court of Queen’s Bench of
Alberta.
g)
Contact person for Receiver:
Nathan Bell, CA
Telephone No.:
(403) 260-2529
Fax No.:
(403) 260-2571
Email:
Court documents and future reports of the Receiver will be posted on our website at http:
http://www.grantthornton.ca/services/reorg/bankruptcy_and_insolvency/ExpandEnergy
DATED at Calgary, Alberta this 25
thday of September, 2013.
GRANT THORNTON LIMITED
___________________________
Per:
Guy Odhams, CA•CIRP
Exhibit A Creditors 3K OIL SERVICES LTD $693.11 665028 ALBERTA LTD 1,378.13 799430 AB LTD. O/A MSS TRUCKING 2,772.00 AGAT LABORATORIES 138.35
ALLIANCE TRUST COMPANY 66.13
AP ALL PEACE TOWING & HOTSHOT 1,559.25
APEGA 435.00
ATB FINANCIAL 1.00
AVENGE ENERGY SERVICES INC. 1,433.25
BAD BOYS WELDING 233.10
BAIRD RESOURCES LTD. 7,182.00
BAKER HUGHES BUSINESS SUPPORT SERVICES 37,927.82
BALLAN CONTRACTING LTD 486.20
BARON OILFIELD SUPPLY 8,013.52
BASNETT OILFIELD SERVICES LTD. 460,621.25
BAYTEX ENERGY LTD. 100.80
BELL MOBILITY INC. 1,945.83
BLACK GOLD SIMMENTAL 6,500.00
BLUEWAVE ENERGY 24,469.47
BONNETT'S ENERGY SERVICES, L.P. 10,523.80
BORDEN LADNER GERVAIS LLP 573.31
BOREAL WELL SERVICE ‐ ELINE 13,900.74
BRIAN'S OILFIELD RENTALS 15,687.00
BRUCE CAMERON (EXPENSES) 880.23
BULLDOG STEAM 411.60
BURNET DUCKWORTH & PALMER LLP 23,946.38
CAN‐EXPO 56.32
CANADA REVENUE AGENCY 1.00
CANWEST PROPANE LTD 1.00
CANYON TECHNICAL SERVICES LTD. 63,804.71
CARSCALLEN LLP 186.50
CCS MIDSTREAM SERVICES 5,066.57
CE FRANKLIN LTD. 489.93
CGI INFORMATION SYSTEMS 2,740.50
CHRIS SIMPSON OILFIELD SERVICE LTD. 1,050.00
COMPLETE EXPLORATION SERVICES LTD. 14,055.31
CONTINENTAL IMAGING PRODUCTS 134.93
COOPERATIVE LOGISTICS 1,039.50
CORE LABORATORIES CANADA LTD 977.55
COUGAR INDUSTRIAL SAFETY 5,124.00
COUNTY OF NORTHERN LIGHTS 11,643.10
CROVERRO ENERGY LTD 9,499.09
CRUDE MASTER TRANSPORT INC 10,687.08
CULLIGAN 138.39
DEFINITIVE OPTIMIZATION LTD. 47,755.17
DENNIS TINK 1,950.00
DIASHOWA‐MARUBENI INTERNATIONAL 753.94
DIRECT DATA TECHNOLOGIES INC 1,100.00
DIVESTCO INC. 1,197.77
DUNCAN'S FIRST NATION 2,400.00
EXPAND
ENERGY
CORPORATION
DUNDEE SECURITIES LTD. 4,794.10
EAGLE WELL SERVICING 138,294.24
EGOC ENVIRO GROUP OF COMPANIES LTD. 58,437.75
EMBARK OILFIELD SERVICES 32,799.51
ENERBUILT TECHNOLOGIES INC. 6,219.05
ENERGY ACCOUNTING SERVICES INC. 9.45
ENERGY RESOURCES CONSERVATION BOARD 526,431.77
ENSIGN DRILLING PARTNERSHIP 441.15
FIELDTEK HOLDINGS LTD. 945.00
FIREBALL 177.00
FIRESIDE FARMS LTD 17,367.00
FIRST ALERT LOCATING LTD 1,216.43
FOUR WINDS ENERGY SERVICE 3,153.15
FRONTERA SERVICES INC. 8,316.00
GARRY WILSON TRUCKING LTD. 18,742.50
GENERATION SALES AND SERVICES LTD. 2,028.98
GEOLOGIC SYSTEMS 37,059.75
GER‐VEE TRUCKING LTD. 5,271.00
GIBSON ENERGY PARTNERSHIP 71,727.18
GLJ PETROLEUM CONSULTANTS 62,612.39
GLOBAL RAYMAC HIW SURVEYS 135,051.45
GOVERNMENT OF ALBERTA 11,130.60
GRAND&TOY 469.23
GREAT NORTH EQUIPMENT INC. 5,340.30
GREYHOUND COURIER EXPRESS 19.96
GREYWOLF COIL TUBING SYSTEMS INC. 86,084.20
GREYWOLF PRODUCTION SYSTEMS INC. 36,821.17
GRIMSHAW GRAVEL SALES LTD. 25,866.86
GT'S OILFIELD HAULING 4,289.25
HANCOCK PETROLEUM INC. 1,566.01
HAZARD FIELD SERVICES LTD 891.45
HD ENERGY RENTALS LTD. 3,491.33
HURLEY WELL SERVICE LTD. 25,384.28
HUSKY OIL OPERATIONS LTD 2,510.73
IMPERIAL PARKING CANADA CORPORATION 472.50
INDEPENDENT ELECTRIC & CONTROLS LTD 6,332.05
INITIAL INDUSTRIES LTD. 1,383.38
INTROSPEC ENERGY GROUP INC. 24,216.26
IVAG INVESTMENTS LTD. 23,867.45
J.D.A. VENTURES LTD. 14,264.26
JACONA OILFIELD SERVICES LTD 17,315.30
JIM MOFFATT CONSTRUCTION 3,643.50
JUDY OROZ_SHORT 1,950.00
K&R SERVICES 9,164.40
KENS OILFIELD CONST (2000) LTD 3,225.60
KUDU INDUSTRIES INC. 173,465.57
LONGLEY, RUSS 175,962.92
LOOMIS EXPRESS, 432.22
MANULIFE FINANCIAL 1,374.36
MATRIX GEOSERVICES 35,368.20
Exhibit A
EXPAND
ENERGY
CORPORATION
CREDITOR
LIST
MCCLELLAND OILFIELD RENTALS LTD. 21,665.58
MERRILL CORPORATION CANADA 488.25
MILLER THOMSON LLP 757.19
MINISTRY OF AGRICULTURE ‐ LANDS BRANCH 1,732.86
MULTI‐CHEM PRODUCTION CHEMICALS 7,443.25
NEUFELD PETROLEUM AND PROPANE 1,538.09
NEWALTA CORPORATION 28,248.14
NOJACK VENTURES INC. 885.94
NOMAD ELECTRICAL CONTRACTORS 986.99
OILYMITTS ENERGY GROUP LTD. 1,323.00
OPTIFRAC CHEMICAL SERVICES 399.00
PACE OIL &GAS LTD. 166,329.00
PEDDLERS LTD. 74,635.06
PETROGAS ENERGY CORP 22,769.50
PITNEY BOWES (COPIER LEASE) 1,206.64
PITNEY BOWES (COPIER USAGE) 3,033.55
PRICEWATERHOUSECOOPERS LLP 51,601.88
QUEST LOGISTICS LTD. 25,685.39
QUIK HOTSHOT 1,690.50
RAPID ROD SERVICE LTD. 69,387.39
RM OF BRITANNIA NO. 502 7,498.41
RM OF ELDON NO. 471 10,249.08
ROBERT ROWLEY 40,321.33
S.R.J AG VENTURES 1,412.91
SASKATCHEWAN MINISTRY OF THE ECONOMY 9,448.44
SAVANNA WELL SERVICING INC. 210,168.50
SAYER ENERGY ADVISORS 750.00
SCOOTERS TRANSFER LTD. 656.25
SECURE ENERGY SERVICES 1,575.00
SHARP ENVIRONMENTAL (2000) LTD. 14,051.62
SHAW CABLE 7,103.28
SHOCK TRAUMA AIR RESCUE SOCIETY 113.40
SILVERQUEST CONTRACTING SERVICES 39,108.30
SOURCEX GEOPHYSICAL CORPORATION 604,356.64
SPICE STEAMER SERVICES 3,885.00
STANCHUCK TRUCKING LTD 7,507.50
STANDARD LAND COMPANY INC. 16,909.52
SUN MEDIA CORPORATION 165.38
SWEET & SOUR TRANSFER LTD. 803.25
TARPON ENERGY SERVICES LTD. 1,340.05
TELUS COMMUNICATIONS COMPANY 1,562.90
TERVITA CORPORATION 4,003.98
THE CITY OF CALGARY 2,244.93
THINK PRINT & GRAPHICS LTD. 83.69
TIGGO TRANSPORT LTD. 24,874.50
TNT ENGINEERING LTD. 88,713.20
TOTAL OILFIELD RENTALS LP 28,211.40
TRISTAR RESOURCE MANAGEMENT LTD. 209,191.74
TRYTON TOOL SERVICES 19,666.35
TWB CONSTRUCTION LTD 2,002.50
VENTURE FIELD SERVICES LTD 922.95
VINCENT EKVALL 750.00
VINCI PARK SERVICES CANADA INC. 1,496.25
WEATHERFORD CANADA PARTNERSHIP 22,523.69
WELLSIDE SERVICES 735.00
WESTERN CANADIAN MULCHING LTD. 487,361.60
WESTERN CANADIAN SPILL SERVICES LTD. 905.10
WORKERS' COMPENSATION BOARD ‐ ALBERTA 1.00
XWORKS GEOSERVICES INC 3,817.54
Total $5,005,079.45
