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Scollard Energy Ltd. - Status Updates

August 28, 2018

Pursuant to letters dated June 13, 2018 (the "June 13 Letter") and August 28, 2018 (the "August 28 Letter") from the Receiver to the Alberta Energy Regulator (the "Notices of Renunciation"), and in accordance with the Receiver's authority at law, including 14.06(4)(c) of the Bankruptcy and Insolvency Act (Canada), the Receiver has abandoned, renounced and divested any and all interest that Scollard had in the wells, facilities, pipelines, lands, licenses and leases associated thereto listed on Schedule "A" of the June 13 Letter and Schedules "B", "D" and "E" of the August 28 Letter. Copies of the June 13 Letter and August 28 Letter are available under the Section "Other Documents & Notices".


March 12, 2018

On March 12, 2018, the Court of Queen's Bench of Alberta granted several orders which, among other things, approved the sale of certain of the Debtors assets (Sale Approval and Vesting Order) and authorized the Receiver to make a further Interim Distribution.


February 6, 2018

On February 6, 2018, the Court of Queen's Bench of Alberta granted several orders which, among other things, approved the sale of certain of the Debtors assets (Sale Approval and Vesting Order) and authorized the Receiver to make an Interim Distribution.


September 27, 2017

On September 27, 2017, the Receiver launched a sales process (the "Sales Process") to complete a sale of Scollard Energy’s assets. Further information on the Sales Process can be found on the selling agents website - GMP Securities


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