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Trident - Status Updates
| Monitor’s Certificate Filed | |
| On June 30, 2010 the Monitor filed its certificate with the Court certifying that all conditions precedent set out in section 5.01 of the Plan have been satisfied or waived in accordance to the Plan and that the Plan is capable of being implemented forthwith. | |
| Sanctioning of Plan | |
| On Friday June 18, 2010 the Court granted an Order approving the sanctioning of the Plan | |
| Plan of Arrangement Approved by Creditors | |
| The Amended Plan of Arrangement and Compromise was approved by the requisite majorities of creditors at the Meeting of Creditors held June 16, 2010. The Applicant will be seeking Court sanction of the Plan at a hearing scheduled for June 18, 2010. | |
| Creditors’ Meeting set for June 16, 2010 | |
| See documents in “Creditors’ Meeting – June 16, 2010” section | |
| Stay Period extended through July 2, 2010 | |
| See Court Orders dated May 7, 2010 | |
| Court grants the approval of the commitment letter and amendment to the backstop agreement | |
| See Court Orders dated May 7, 2010 | |
| April 29, 2010 - Stay Period extended through May 13, 2010 | |
| Stay Period extended through May 13, 2010 | |
| April 26, 2010 - hearing has been rescheduled | |
| The hearing originally scheduled for April 9, 2010 has been rescheduled for April 29, 2010 | |
| April 9, 2010 hearing adjourned until further notice. | |
| The hearing scheduled for April 9, 2010 has been adjourned until further notice. | |
| March 30, 2010 – Court approval of Claims Process and Claims Bar Date | |
| Claims Process Order issued and claims bar date set to be May 10th, 2010 at 5pm (Calgary Time). See associated documents in the Claims Procedure section of this site by following the links to the left. | |
| March 16, 2010 application adjourned until March 30, 2010 | |
| The application scheduled for March 16, 2010 was adjourned until March 30, 2010 due to unforeseen circumstances. | |
| February 19, 2010- An extension was granted to May 6, 2010, the Financial Order was approved, the Commitment Letter and SISP were approved, and the Amended Cross Border Protocol was approved | |
| February 19, 2010- An extension was granted to May 6, 2010, the Financial Order was approved, the Commitment Letter and SISP were approved, and the Amended Cross Border Protocol was approved | |
| February 18, 2010 Motion to approve the Commitment Letter, SISP and Extension of Stay Period to be heard today | |
| Motion to approve the Commitment Letter, SISP and Extension of Stay Period to be heard today | |
| Extension of Stay Period has been granted to February 23, 2010 | |
| Extension of Stay Period has been granted to February 23, 2010 | |
| January 26, 2010 – Extension of Stay and Adjournment of Motion | |
| The Company received an extension of Stay to January 28, 2010 following the adjournment of the hearing of the January 15th Motion. | |
| January 19, 2010 – Extension of Stay and Adjournment of Motion | |
| The Company received an extension of Stay to January 26, 2010 following the adjournment of the hearing of Motion | |
| January 19, 2010 – Extension of Stay and Adjournment of Motion | |
| The Company received an extension of Stay to January 26, 2010 following the adjournment of the hearing of Motion | |
| January 15th, 2010 – Stay Period has been extended to January 26th, 2010 | |
| January 12, 2010 – Trident files motion for extension of Stay Period to May 6, 2010 | |
| On January 12, 2010, the Applicants filed a motion, returnable January 15, 2010, seeking an extension of the Stay Period to May 6, 2010. On January 12, 2010, the Monitor filed its Fifth Report in support of the Applicants’ motion. | |
| December 4, 2009 - Extension of Stay Period has been granted to January 15, 2010 | |
| October 6, 2009 - Extension of Stay Period has been granted to December 4, 2009 | |
| October 1, 2009 – Trident files motion for extension of Stay Period to December 4, 2009 | |
| On October 1, 2009, the Applicants filed a motion, returnable October 6, 2009, seeking an extension of the Stay Period to December 4, 2009. On October 1, 2009, the Monitor filed its First Report in support of the Applicants’ motion. | |
| September 8, 2009 – Initial Status Update | |
| On September 8, 2009, Trident Exploration Corp. ULC, Fort Energy Corp. ULC, Fenergy Corp. ULC, 981384 Alberta Ltd., 981405 Alberta Ltd., 981422 Alberta Ltd., Trident Resources Corp., Trident CBM Corp., Aurora Energy LLC, Nexgen Energy Canada, Inc. and Trident USA Corp. (collectively, “Trident” or the “Applicants”) sought and obtained an Initial Order (the “Initial Order”) under the Companies’ Creditors Arrangement Act (the “CCAA”). Pursuant to the Initial Order, FTI Consulting Canada ULC (“FTI” or the “Monitor”) has been appointed Monitor. The Initial Order also provides for a stay of proceedings against the Applicants, which stay expires October 7, 2009, unless otherwise ordered by the Court. | |
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