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    Home » Delays and Concerns Surrounding Court Case QB No. 733 of 2021: The MNP Receivership after Abbey Resources Corp. Bankruptcy
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    Delays and Concerns Surrounding Court Case QB No. 733 of 2021: The MNP Receivership after Abbey Resources Corp. Bankruptcy

    Hunter W.By Hunter W.June 12, 2023Updated:June 12, 2023No Comments2 Mins Read
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    The MNP Receivership after Abbey Resources Corp Bankruptcy
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    Court case QB No. 733m of 2021 has attracted significant attention due to the involvement of MNP as the receiver following the bankruptcy of Abbey Resources Corp. In this case, the Government of Saskatchewan has assumed the role of the governing body for the receiver, MNP. Recent developments have revealed a pattern of extended bidding deadlines without reasonable explanations, causing concerns among stakeholders. This article explores the frustrations faced by one stakeholder who has invested considerable time and effort in complying with the requests but is left uncertain about the status of their bid.

    Extended Bidding Deadline and Stakeholder Frustration

    The bidding deadline for the court case, originally set in December 2022, has been subject to multiple extensions, with no clear explanation provided. This has left stakeholders, including one particular company that has spent approximately 250 hours on the bidding process, in a state of uncertainty regarding the status of their bid. Despite fulfilling all the requested obligations, they have been left without assurance or information about when a decision will be made regarding the granting of wells to a stakeholder.

    Government Involvement and Allegations of Delay

    Government officials have been very involved in the whole process, and this has caused worries about possible delays because of their actions. One of the people involved in the issue is frustrated because Jim Reiter, the Minister of Energy and Resources, hasn’t been responding even after many attempts to contact him. As a concerned citizen of Saskatchewan, it’s confusing to see elected government officials making the decision-making process longer instead of focusing on making natural gas cheaper and more affordable for the people.

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