Ascent Oilfield Services Corp., Collaborative Energy Services Inc., and Denarii Well Services Inc.
Overview
On October 29, 2019, Ascent Oilfield Services Corp. (“Ascent”), Collaborative Energy Services Inc. (“Collaborative”), and Denarii Well Services Inc. (“Denarii”) (collectively “Collaborative Group” or the “Companies”) filed an assignment into Bankruptcy. The Bowra Group Inc. was appointed Licensed Insolvency Trustee. We understand the Collaborative Group carried on business as a supplier of oilfield equipment and services out of Camrose, Alberta.
Certificate of Appointment/Assignment - Ascent
Certificate of Appointment/Assignment – Collaborative
Certificate of Appointment/Assignment - Denarii
On November 28, 2019, The Bowra Group Inc. was appointed Receiver (the “Receiver”) of the properties, assets and undertakings of Ascent, Collaborative, and Denarii pursuant to a private appointment.
File Updates:
The Bowra Group Inc., in its capacity as the Receiver of Collaborative Group is seeking offers to purchase the capital asset of the Companies consisting of:
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Service rigs;
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Heavy-duty trucks;
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Catwalk trailers;
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Commercial trailers;
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Doghouse trailers; and,
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Crane carrier.
The Bowra Group Inc., in its capacity as the Receiver of Collaborative Group is seeking offer to purchase the shares owned by the Companies:
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Shares of Ascent Oilfield Services Corp. owned by Collaborative Energy Services Inc.;
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Shares of 1792911 Alberta Ltd. (“179”) owned by Ascent Oilfield Services Corp.;
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Shares of Ascent Oilfield Services Corp. Texas (“Ascent Texas”) owned by Ascent Oilfield Services Corp.; and,
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Shares of Denarii Well Services Inc. owned by Ascent Oilfield Services Corp.
The deadline to submit offers is 12:00 pm MT Monday, December 23, 2019.
Information Package – Collaborative Energy – December 3, 2019
Creditor Information
The First Meeting of Creditors for Collaborative will be held at the Oxford Tower Centennial Room, Suite 1102, 10025 102A Avenue, Edmonton Alberta on the 18th day of November 2019 at 10:00am.
First Meeting of Creditor’s Package – Collaborative
Trustee’s Report to Creditors – November 15, 2019 - Collaborative
The First Meeting of Creditors for Ascent will be held at the Oxford Tower Centennial Room, Suite 1102, 10025 102A Avenue, Edmonton Alberta on the 18th day of November 2019 at 10:30am.
First Meeting of Creditor’s Package – Ascent
Trustee’s Report to Creditors – November 15, 2019 - Ascent
The First Meeting of Creditors for Denarii will be held at the Oxford Tower Centennial Room, Suite 1102, 10025 102A Avenue, Edmonton Alberta on the 18th day of November 2019 at 11:00am.
First Meeting of Creditor’s Package – Denarii
Trustee’s Report to Creditors – November 15, 2019 - Denarii
Receivership Documents
Receivership Appointment - November 28, 2019
