- Insolvency Insider Canada
- Razor Energy Corp et al., NOI
Razor Energy Corp et al., NOI
Razor Energy Corp et al. (TSX-V: RZE), a Calgary, Alberta-based junior oil and gas company, filed an NOI on January 30, listing approximately $166 million in liabilities, including approximately $6.4 million to Arena Investors LP.
The company cites the effects of an ongoing dispute with the operator of the Judy Creek Gas Plant and the accompanying significant negative impact due to having to shut in approximately 1,100 boepd production, as well as ongoing challenges within its business as the reasons behind the filing.
The company has engaged Peters & Co. to assist with a sale process.
FTI is the proposal trustee.
Counsel is McCarthy Tétrault for the company.
By: Dina Milivojevic