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Canacol Energy Granted Creditor Protection to Pursue Restructuring

  • Canacol Energy and its subsidiaries received an initial order for creditor protection from the Court of King’s Bench of Alberta under the Companies’ Creditors Arrangement Act.
  • The order includes a 10-day stay of proceedings, allowing Canacol to restructure its operations while continuing business activities.
  • KPMG Inc. has been appointed as the Court-appointed Monitor to oversee the restructuring process and report to the court.
  • Canacol has filed in the United States Bankruptcy Court for recognition of this order.
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Inside Ottawa Valley broke the news in Ottawa, Canada on Wednesday, November 19, 2025.
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