Current Insolvency Assignments
View a list of current PwC insolvency assignments.
Page last updated: July 11, 2018
This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.
On August 1, 2017 Anterra Energy Inc. was assigned into Bankruptcy and PricewaterhouseCoopers Inc. was named Trustee. A copy of the Notice and Proof of Claim may be accessed under the "Bankruptcy" tab of this website.
On June 13, 2017, the Receiver filed its first report (the "First Report") in support of an application for a sale process (the "Sale Process") which is to be heard on June 23, 2017. Subject to approval of the Court, the Sale Process is to be led jointly by Sayer Energy Advisors ("Sayer") and PricewaterhouseCoopers Corporate Finance Inc. ("PwCCF"). Sale Process will be for Anterra's mid-stream facility at Breton, Alberta as well as all of Anterra's reserve based assets. The following is the proposed timeline in the Sale Process:
| Milestone | Deadline |
| Distribute NDA and Teaser / Make available CIM | No later than July 4, 2017 |
| Phase 1 Bid Deadline | August 3, 2017 |
| Midstream Assets & Reserve Assets visits | August 10-18, 2017 |
| Phase 2 Bid Deadline | August 24, 2017 |
| Closing Date Deadline | September 15, 2017 |
If you are interested in participating in the Sale Process, please contact:
On June 7, 2017, the Court issued an Order appointing PricewaterhouseCoopers Inc. as receiver and manager ("Receiver") over all the assets of Anterra Energy Inc. The purpose of appointing the Receiver is to effect a sale of the assets of the Company.
The Receiver intends to continue operations in the ordinary course, and orders or contracts placed by the Company's customers prior to the receivership are intended to be fulfilled. The Court has authorized the Receiver to obtain financing to pay for services rendered and goods sold to the Company or the Receiver from June 7, 2017 onwards in the ordinary course.
Crude Oil Marketing arrangements and services provided at the Anterra Breton facility are key to the Company, and financing to be obtained by the Receiver will be used to ensure that those arrangements and services remain unchanged through the receivership process. The Company does not anticipate any interruption in handling of and payment for volumes delivered.
The Receiver intends to seek court approval to commence a sale process for the Company's assets, including the Company's mid-stream oil blending facility at Breton, Alberta.
All current directors of the Company have resigned concurrently with the appointment of the Receiver.
On May 18, 2017 the Court issued an Order extending the stay of proceedings in this matter up to and including June 16, 2017.
On May 17, 2017, the Monitor filed its Eleventh Report to the Court. The Report outlines a Material Adverse Change which significantly impairs the likelihood of the Company making a successful Plan of Compromise or Arrangement. Stakeholders are encouraged to read the Eleventh Report.
On April 13, 2017 the Court issued an Order extending the stay of proceedings in this matter up to and including June 2, 2017.
On January 18, 2017 the Court issued an Order extending the stay of proceedings in this matter up to and including April 14, 2017.
On October 24, 2016 the Court issued an Order extending the stay of proceedings in this matter up to and including January 20, 2017.
On August 17, 2016 the Court issued an Order extending the stay or proceedings in this matter up to and including October 28, 2016.
On June 3, 2016 the Court issued an Order extending the stay of proceedings in this matter up to and including August 16, 2016.
On May 6, 2016 PricewaterhouseCoopers Inc. was appointed Monitor of Anterra Energy Inc. pursuant to an Order of the Court of Queen's Bench of Alberta, Calgary Judicial Centre. A copy of this Order may be accessed on this website.
This Web site will be updated as information becomes available.
For more information, please contact: Lynda Huber, Telephone: +1 403 509 7560, Fax: +1 403 781 1825, or via Email.
View a list of current PwC insolvency assignments.
This page is for information purposes only and you should consult your professional adviser.
This page is for information purposes only and you should consult your professional adviser.
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Lynda Huber
Tel: +1 403 509 7560
Email