Background
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”).
Contact information
Court materials
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]
Chapter 15 proceedings
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]
Reports
Orders
Initial Order - 2025.11.18 [PDF 1.2 MB]
Service list
Service List - 2025.11.21 [PDF 302 KB]
Connect with us
Stay up to date with what matters to you
Gain access to personalized content based on your interests by signing up today
Connect with us
- Find office locations kpmg.findOfficeLocations
- kpmg.emailUs
- Social media @ KPMG kpmg.socialMedia