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Divestco Inc
400, 520 - 3 Avenue SW
Phone: (587) 952-8152p:587 952-8152 Calgary, AB  T2P 0R3  Canada Fax: (587) 952-8152f:587 952-8152
Filed for Bankruptcy on 3/4/2019
On 3/4/2019, Divestco Inc. filed with the Calgary Alberta Court and Judicial District (the "Court") for protection from its creditors under the Companies' Creditors Arrangement Act (Canada) ("CCAA")
(Court File Number: 1901-03046)
Grant Thornton Limited was appointed as the Monitor for the Company.
This company is no longer actively traded on any major stock exchange.
Business Summary
Divestco Inc. is an exploration services company. The Company provides an integrated portfolio of data, software and services to the oil and gas industry. It operates through four segments: Software and Data, Services, Seismic Data, and Corporate and Other. The Software and Data segment includes selling, maintaining and supporting licensed (perpetual and periodic) software exploration products, as well as providing a range of support data layers. The Services segment offers geomatics services, which include data integrity validation, database hosting and advisory support and consultation; seismic processing services, which include data quality assurance, processing and data management services for geophysical and geological information, and land management services through Cavalier Land and Canadian Landmasters. The Seismic Data segment includes provision of seismic brokerage and data management services in addition to building, licensing and maintaining its seismic data assets.
(Source: ARS)

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/201812/31/2017Yes----

Industries
SIC Code Description
1389 Oil and gas field services, not elsewhere classified
7372 Prepackaged software

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Independent Chairman of the Board Edward L.Molnar 1/1/2010 5/1/2002
President, Chief Executive Officer, Director StephenPopadynetz 6/23/2014 3/1/2000
Chief Financial Officer RuthSummers 12/1/2018 12/1/2018
5 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
Bluegrouse Seismic Solutions Ltd. 1700, 540- 5th Avenue SW Calgary AB Canada

Business Names
Business Name
Bluegrouse Seismic Solutions Ltd.
Canadian Landmasters Resource Services Ltd.
Cavalier Land Ltd.
5 additional Business Names available in full report.

General Information
Number of Employees: 87 (As of 12/31/2010)
Outstanding Shares: 70,058,000 (As of 9/30/2018)
Shareholders: 2,808
Stock Exchange: NEX
Fax Number: (587) 952-8152


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Friday, July 21, 2023