Canacol Energy Ltd.

On November 18, 2025 the Court of King's Bench of Alberta (the "Court") issued an order (the "Initial CCAA Order") pursuant to the Companies' Creditors Arrangement Act ("CCAA"). This order provided for certain relief, including a stay of proceedings against Canacol Energy Ltd. and its subsidiaries 2654044 Alberta Ltd., Canacol Energy ULC, 2498003 Alberta ULC, Cantana Energy GmbH, CNE Oil & Gas S.R.L., Canacol Energy Colombia S.A.S., Shona Holding GmbH, CNE Energy S.A.S., and CNE Oil & Gas S.A.S. (collectively, the “Canacol Group”) and ordered that KPMG Inc. be appointed as Court-appointed monitor of the Applicants (in such capacity, the “Monitor”).

Canada

• February 2, 2026, 2:00 p.m. MST, Court of King's Bench of Alberta
• February 18, 2026, 9:30 a.m. MST, Court of Appeal of Alberta

USA

Colombia

• January 22, 2026, 9:00 a.m. COT

canacol@kpmg.ca
Toll free within North America:
1-833-724-5456
Local Phone Number:
1-416-228-7072

Affidavit of J. Bednar - Volume 1 - 2025.11.16 [PDF 3.9 MB]
Affidavit of J. Bednar - Volume 2 - 2025.11.16 (Part 1 of 2) [PDF 7 MB]
Affidavit of J. Bednar - Volume 2 - 2025.11.16 (Part 2 of 2) [PDF 4.6 MB]
Originating Application - 2025.11.17 [PDF 1.4 MB]
Bench Brief of Law - 2025.11.17 [PDF 1.1 MB]
Book of Authorities - 2025.11.18 (Parts 1 of 4) [PDF 5.4 MB]
Book of Authorities - 2025.11.18 (Parts 2 of 4) [PDF 9.1 MB]
Book of Authorities - 2025.11.18 (Parts 3 of 4) [PDF 9.7 MB]
Book of Authorities - 2025.11.18 (Parts 4 of 4) [PDF 4.2 MB]
2nd Affidavit of Jason Bednar - 2025.11.22 [PDF 3.8 MB]
Comeback Application - 2025.11.25 [PDF 419 KB]
Affidavit of Michael Hibberd - 2025.11.25 (Part 1 of 6) [PDF 7.7 MB]
Affidavit of Michael Hibberd - 2025.11.25 (Part 2 of 6) [PDF 9.5 MB]
Affidavit of Michael Hibberd - 2025.11.25 (Part 3 of 6) [PDF 8.7 MB]
Affidavit of Michael Hibberd - 2025.11.25 (Part 4 of 6) [PDF 9.7 MB]
Affidavit of Michael Hibberd - 2025.11.25 (Part 5 of 6) [PDF 9.3 MB]
Affidavit of Michael Hibberd - 2025.11.25 (Part 6 of 6) [PDF 2.7 MB]
Comeback Hearing Bench Brief of Law - 2025.11.25 [PDF 293 KB]
Comeback Hearing Book of Authorities - 2025.11.25 [PDF 3.4 MB]
Letter to Justice Mah - 2025.11.28 [PDF 238K]
3rd Affidavit of Jason Bednar - 2025.12.05 [PDF 9.5 MB]
Letter to Service List - 2025.12.05 [PDF 337 KB]
Reply Affidavit of J.Bednar - 2025.12.08 (Part 1 of 3) [PDF 6.2 MB]
Reply Affidavit of J.Bednar - 2025.12.08 (Part 2 of 3) [PDF 6.5 MB]
Reply Affidavit of J.Bednar - 2025.12.08 (Part 3 of 3) [PDF 4.9 MB]
Affidavit of Luis Cabrera - 2025.12.08 [PDF 7.9 MB]
Affidavit of Charles Pickard - 2025.12.08 [PDF 3.1 MB]
4th Affidavit of J.Bednar - 2025.12.09 [PDF 684 KB]
Affidavit of Arriane Tano - 2025.12.09 [PDF 3.3 MB]
Proposed Form of Order - Second Amended and Restated Order - 2025.12.10 [PDF 468 KB]
Letter to Service List - 2025.12.09 [PDF 380 KB]
2nd Letter to Service List - 2025.12.09 [PDF 201 KB]
Compare Redline - Second Amended and Restated Order - 2025.12.10 [PDF 492 KB]
Amended Application - 2025.12.10 [PDF 428 KB]
Bench Brief of Law - 2025.12.10 [PDF 792 KB]
Book of Authorities - 2025.12.10 [PDF 3.4 MB]
Supplemental Book of Authorities - 2025.12.10 [PDF 716 KB]
Bench Brief of Macquarie Bank Ltd. - 2025.12.10 [PDF 441 KB]
Book of Authorities for Macquarie Bank Ltd. - 2025.12.10 [PDF 6.17 MB]
Final Compare Redline - SARIO - 2025.12.10 [PDF 206 KB]
Final Compare Redline - Amended and Restated Order - 2025.12.10 [PDF 308 KB]
Application for Permission to Appeal Macquarie - 2026.01.02 [PDF 806 KB]
Draft Order Permission to Appeal - 2026.01.02 [PDF 730 KB]
BOA Permission to Appeal - 2026.01.02 [PDF 3 MB]
Excerpts of Transcripts re Reply - 2026.01.02 [PDF 764 KB]
Excerpts of Transcripts re Sealing Order - 2026.01.02 [PDF 205 KB]
FULL Transcripts - 2025.12.10 to 2026.01.02 [PDF 1.1 MB]
Memorandum of Macquarie re Permission to Appeal - 2026.01.02 [PDF 973 KB]
Appeal Book of Macquarie Permission to Appeal - 2025.01.02 (Part 1 of 8) [PDF 8.2 MB]
Appeal Book of Macquarie Permission to Appeal - 2025.01.02 (Part 2 of 8) [PDF 5.7 MB]
Appeal Book of Macquarie Permission to Appeal - 2025.01.02 (Part 3 of 8) [PDF 6.3 MB]
Appeal Book of Macquarie Permission to Appeal - 2025.01.02 (Part 4 of 8) [PDF 8.8 MB]
Appeal Book of Macquarie Permission to Appeal - 2025.01.02 (Part 5 of 8) [PDF 5.3 MB]
Appeal Book of Macquarie Permission to Appeal - 2025.01.02 (Part 6 of 8) [PDF 4.9 MB]
Appeal Book of Macquarie Permission to Appeal - 2025.01.02 (Part 7 of 8) [PDF 8.8 MB]
Appeal Book of Macquarie Permission to Appeal - 2025.01.02 (Part 8 of 8) [PDF 6.5 MB]
Letter to Service List - 2026.01.09 [PDF 337 KB]
5th Affidavit of Jason Bednar - 2026.01.09 (Part 1 of 2) [PDF 8.8 MB]
5th Affidavit of Jason Bednar - 2026.01.09 (Part 2 of 2) [PDF 3.2 MB]
Application - 2026.01.09 [PDF 363 KB]
Bench Brief of Law - 2026.01.09 [PDF 618 KB]
Book of Authorities - 2026.01.09 [PDF 2 MB]
Proposed Form of Order - 2026.01.09 [PDF 286 KB]
Letter to Commercial List Coordinator Encls Redlines 2026.01.15 [PDF 571 KB]
Redline Proposed Form of Order 2026.01.15 [PDF 119 KB]
Redline Sale and Investment Solicitation Process 2026.01.15 [PDF 198 KB]
Affidavit of Service - 2026.01.16 [PDF 876 KB]
Revised SISP - 2026.01.16 [PDF 108 KB]
Compare Redline - SISP - 2026.01.16 [PDF 199 KB]

Declaration of Raj S. Sahni [PDF 1.6 MB]
Declaration of Katherine Forbes [PDF 1.9 MB]
Declaration of Jason Bednar [PDF 4.9 MB]
Motion for Provisional Relief [PDF 349 KB]
Motion for Recognition [PDF 510 KB]
Motion to Schedule Recognition Hearing [PDF 208 KB]
Provisional Relief Order [PDF 431 KB]
Scheduling Order [PDF 726 KB]
Notice of Filing of ARIO - 2025.12.1 [PDF 1.1 MB]
Recognition Hearing Agenda - 2025.12.11 [PDF 182 KB]
Recognition Order - 2025.12.11 [PDF 455 KB]
Hearing Agenda - 2025.12.15 [PDF 455 KB]
Amended Hearing Agenda -2025.12.17 [PDF 189 KB]
Notice of Filing Revised Proposed Order Recognizing SARIO - 2025.12.17 [PDF 344 KB]
Notice of Filing Transcript - 2025.12.17 [PDF 412 KB]
Limited Objection - 2025.12.17 [PDF 1.2 MB]
Notice of Filing Further Revised Proposed Order Recognizing SARIO - 2025.12.17 [PDF 347 KB]
Second Amended Hearing Agenda - 2025.12.17 [PDF 188 KB]
Order Recognizing SARIO - 2025.12.18 [PDF 366 KB]

Solicitud De Reconocimiento De Proceso De Insolvencia Extranjero - 2025.11.26 (Spanish only) [PDF 268 KB]
Soportes Solicitud Reconocimiento - 2025.11.26 (Part 1 of 2) (Spanish only) [PDF 9.6 MB]
Soportes Solicitud Reconocimiento - 2025.11.26 (Part 2 of 2) (Spanish only) [PDF 1.9 MB]
Sustitución De Poder - 12.1.2025 (Spanish only) [PDF 740 KB]
Apostilled Initial Order - 2025.12.03 [PDF 120 KB]
Apostilled ARIO - 2025.12.03 (Spanish only) [PDF 4.9 MB]
Auto - 2025.12.11 [PDF 376 KB]
Official Translation - Auto - 2025.12.11 [PDF 380 KB]
Auto - 2025.12.17 [PDF 381 KB]
Official Translation - Auto - 2025.12.17 [PDF 1.3 MB]
Certificación Desistimiento Pre Canacol - 2025.12.18 (Spanish only) [PDF 240 KB]
Canacol recurso Auto Reconocimiento proceso extranjero - 2025-12-24 [PDF 694 KB]
Oposición a solicitud de constitución de garantías prioritarias - 2025-12-24 [PDF 497 KB]
Recurso de Reposición contra el Auto - 2025-12-24 [PDF 1.4 MB]
Respuesta Y Reclamación A La Sociedad Canacol Energy En Reorganización Y Otras - 2025.12.29 [PDF 165 KB]
Pronunciamiento Recursos Macquarie y Halliburton - 2025.12.30 [PDF 2.3 MB]
Memorial Descorriendo Traslado Halliburton - 2025.12.30 [PDF 327 KB]
Respuesta Recursos de Reposición - 2025.12.30 [PDF 389 KB]
Auto - 2026.01.02 [PDF 382 KB]
Official Translation - Auto - 2026.01.02 [PDF 195 KB]
Pronunciamiento Macquarie sobre descorre del recurso - 2026.01.02 [PDF 218 KB]
Coadyuvancia Halliburton (Macquarie) - 2026.01.02 [PDF 133 KB]
Solicita traslado - 2026.01.02 [PDF 64 KB]
Coadyuvancia aprobación garantía DIP - 2026.01.08 [PDF 247 KB]
Oposición a solicitud de aclaración respecto de las medidas provisionales presentada por KPMG - 2026.01.08 [PDF 303 KB]
Solicitud de aclaración, adición yo complementación del Auto - 2026.01.08 [PDF 247 KB]
Solicitud traslado solicitud de Financiación DIP - 2026.01.08 [PDF 208 KB]
Canacol informe apelación CCAA - 2026.01.09 [PDF 79 KB]
Reconocimiento de financiación - 2026.01.15 [PDF 287 KB]
 

Further information on the Colombian proceedings can be found here (Spanish only)

Canacol Disclosure Package - 2025.12.09 [PDF 1.1 MB]
Canacol Disclosure Package - 2026.01.07 [PDF 2.7 MB]

QA Court Supervised Restructuring Canacol Energy Ltd [PDF 254 KB]
Documento Preguntas y Respuestas Restructuración Supervisada por la Corte Canacol Energy Ltd [PDF 555 KB]

Notice to Creditors - 2025.11.25 [PDF 187 KB]
List of Known Creditors - 2025.11.25 [PDF 84 KB]

Initial Order - 2025.11.18 [PDF 1.2 MB]
Transcript of Decision - 2025.11.18 [PDF 408 KB]
Amended and Restated Initial Order- 2025.11.28 [PDF 934 KB]
Transcript of Decision - 2025.11.28 [PDF 183 KB]
Sealing Order - 2025.12.11 [PDF 649 KB]
SARIO - 2025.12.11 [PDF 767 KB]
Transcript of Decision - 2025.12.11 [PDF 289 KB]

Pre-filing Report of the Proposed Monitor - 2025.11.17 [PDF 1.7 MB]
First Report of the Monitor - 2025.11.24 [PDF 3 MB]
Second Report of the Monitor - 2025.12.09 [PDF 3.2 MB]
Third Report of the Monitor - 2026.01.13 [PDF 2MB]

Service list - 2026.01.09 [PDF 346 KB]