Twin Butte Energy Ltd TBTEF

Twin Butte's raw financial data

[BobTheKnob2]

In the Receiver's First Report we also see some unadited numbers which read as follows:

18.           As at July 31, 2016, Twin Butte's unaudited consolidated financial statements indicated the following:

(a)            book value of assets of $357.3 million;

(b)            liabilities of $513.2 million including the following amounts:

accounts payable and accrued liabilities of $31.3 million;

                  (ii).     Bank indebtedness of $198.9 million; and

                 (iii).   Amounts owing in respect of convertible debentures of $81.1 million.

19.           According to information provided by the Agent, as of August 30, 2016, the total indebtedness owing to the Lenders is approximately $205.4 million with interest accruing thereafter and all legal and other costs and expenses incurred by the Agent and Lenders.