CALGARY, Jan. 25, 2019 /CNW/ – Connacher Oil and Gas Limited (“Connacher” or the “Company”) announced that it has obtained an order from the Alberta Court of Queen’s Bench extending the period of the Court-ordered stay of proceedings against Connacher under the Companies’ Creditors Arrangement Act (“CCAA”) until the earlier of (i) the filing of the Monitor’s certificate under Connacher’s Amended and Restated Plan of Compromise and Arrangement dated August 13, 2018 and (ii) March 15, 2019. The Company has been operating under the protection of the CCAA since May 17, 2016.
All inquiries regarding Connacher’s CCAA proceedings should be directed to the Monitor, Ernst & Young Inc. The Monitor has established the following information hotline related to enquiries regarding the CCAA process, at 403-206-5650. In addition, information about the CCAA proceedings, including copies of all court orders and the Monitor’s reports, is available at the Monitor’s website, www.ey.com/ca/connacheroilandgas.
The Company does not intend to comment further regarding the CCAA process unless it is determined that further disclosure is appropriate or required by law.