March 2, 2018
Sequoia Resources Corporation, an oil and gas company based in Calgary, Alberta, filed an NOI on March 2, listing $21.4MM in liabilities, including $4.2MM to Green Horizon Energy Services. According to the Alberta Energy Regulator, the company owns licences for 2,300 wells and nearly 700 pipeline segments. These operating licences were ordered suspended after the company told the AER that it would soon cease operations and, as a result of defaults in municipal tax payments, would not be able to afford to reclaim all of its properties. PwC is the proposal trustee.