AlphaBow Energy Ltd., a Calgary, Alberta-based privately-owned company committed to the sustainable development and production of oil and natural gas in Western Canada, filed an NOI on March 28, listing approximately $73 million in liabilities.

AlphaBow has been operating its Central Alberta assets since 2016. The company holds licenses issued by the AER for 3,785 wells, 4,038 pipelines and 321 other facilities across Alberta.

The OWA had also filed an application seeking to have PwC appointed as receiver on the basis of AlphaBow’s repeated non-compliance with AER orders and the fact that its licences are currently suspended, among other reasons. That application, which was returnable on the same day as the NOI filing, was adjourned sine die.

KSV is the proposal trustee.

Counsel is Bennett Jones for AlphaBow and MLT Aikins for the OWA.

By: Dina Milivojevic