With these words, the Alberta Energy Regulator (the
AER) revised Directive 67: Eligibility
Requirements for Acquiring and Holding Energy Licences and
Approvals (Directive 67).
On December 6, 2017 by Bulletin 2017-21, the AER announced changes to
the eligibility program for potential and current licensees in
Alberta. The move is, in part, in response to the Redwater
spotlight case, currently on appeal to the Supreme Court of Canada
and slated for a hearing early next year. The changes also likely
relate to the trend of directors and/or officers of an insolvent or
bankrupt company incorporating a new company to bid on the
"good" assets of the insolvent company while leaving the
"bad" assets to be disclaimed and end up in the orphan
well association. These new information thresholds to entry are
designed to weed out past offenders seeking to start fresh under
new corporate entities. The revised Directive 67 will
provide the AER with the information and corresponding
