UNITED STATES ANKRUPTCY COURT

DISTRICT OF DELA WARE

In re: PetlOcal Acuuisition Corp.

Debtor

Case No. 09-10786

Reporting Period: Julv 2009

MONTHLY OPERATING REI'ORT

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perjury (28 U.S.c. Section 1746) that this report and the attached documents
are true and correct to the best of my knowledge and belief.
I declare under penalty of

Signature of Debtor

Date

Date

sl4/ J;7
Signature of Authorize

W'(;'t ~ ~
Printed Name of Authorized Indivi al

fte i

~$"'Y-b/?' Sa;/-~,Y
Title of Authorized Individual

"Authorized individual must be an offcer. director or sharholder if debtor is a corpra\on; a panner if debtor
is a partnership; a manager or member if debtor is" limired liability company.

MOR
104107)

Case No. 09- i 078

Revortino Peiind: .Iulv 2009

In re: Petrocal ACQuisition Corp.

Debtor

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

TOTAL DISBURSEMENTS
"",~':: .. .;,'~,:
f:'~(;:Em~~~r~ti~';~-~SiKf.;'~j?~l1-~r:'-)::'!;)~%~~~TWl~E.(\::7:':_~:'::~yjtr:' ~.~:~~:t~-.~;~~j.:;;.;))'" ~. - 'ff -~, -- .._,- - ~. ~ - - .., . ..~. '~;1'i..~' .:' \.. .:.:';S;:~';T..__:~..~,:',.;::.:';;;~'. ;.,'\.:: \:_y::,;: .:::.;U'1.,..._~.',';:;:::;::
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TlI FOLLOWING SECTION MUST BE COMPLETED

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TOT AL DISBURSEMENTS

LES: TRANSFERS TO DEBTOR

IN POSSESSION ACCOUNTS

PLUS, EST A TE OlSBURSEMENTS MADE BY OirrSIDE SOURCES ti.~. fr,i,)in l;.:niW i~ounls)

TOTAL DISBURSEMTS FOR CALCULATING U.S. TRUSTEE OUARTERL Y FI

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SO.OO
SO.OO

FORM MOt(. J
(04m)

C.ase No. 09- 10786

In re: Petlocal Acauisition ('.om.

Reooring Period: Julv 2009

Debtor

BANK RECONCILIATIONS
Contiuation Sheet for MOR-!

BANK BALANCE

(+) DEPS1TS IN TRASIT (ATIACH LlSl)

Peirocl Acquisition Corp. does not maintain any ca5h accounts.

(-) OUTST Ai';DING CHECKS (A TIACH LIST)

ADJUSTED BANK BALANCE ..

I Adjuste bank balanc musl equal
balance: per books

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FORM" MOR.I a
(Oci07)

No profesional fees were paid post-petition.

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SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

ii~~lliili~~ ~l~i~fBt~il~1~~~

In Te: Petrocal Acquisition Com.

Debtor

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(04/071

FORM MaR-Ill

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Case No. 09-10786

Reportin2 Period: Julv 2009

In re: Petraea! Acquisition Corp.

Debtor

Case No. 09-10786

Reporting Period: July 2009

STA TEMENT OF OPERATIONS
(lncome Siutement)

25

(25)
costs

(25)

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(25)

FORM MOR-2
(04107)

In re: Perrocnl AC('uisll)o Corp.

Case No. 09. t0786

Deb'",

Reooninl! Period: Julv 200

BALANCE SHEET

lease und Well . ui me"!

ovemCnls

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15.762,849
(25)

15,762,824

roRM MClR.:!

(t)lj

In re: Petraeal Acauisition Corp,

Debtor

Case No. 09-10786

Reporting Period: July 200

BALANCE SHEET. continuation sheet

iS,762,849

FORM MOR.3 CONTti

(0410)

In re: Petrocal Acquisition Corp.

Case No. 09- j 0786

Reporting Period: July 2009

Debtor

STATUS OF POSTPETITION TAXES

Not Applicable

.._..

_.......

Withholding
Sales
Excise
Unemployment

... -,...- -.- ... -I

i;,:.~r~t~~:~.;~~~';""' .
I

Not Applicable

Real PrOPv
Peronal Propert
Total State and Loal
T oml Taxes

SUMARY OF UNPAID POSTPETITION DEBTS

Not Applicable

FORM MORA
(04107)

In re: Petraea! Acquiition Corp.

Ca~e No. 09-10786

Reporting Period: July 2009

Debtor

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

Total Accounts Receivable at the beginning of the reporting period

+ Amounts biled during the period
- Amounts collected during the period
Total Accounts Receivable at the end of the repoi1ing period

Not Applicable

o - 30 days old
31 - 60 days old

61-90daysoJd

Not Applicable

91+daysold
Total Accounts Receivable
Accounts Receivable (Net)

DEBTOR QUESTIONNAIRE

I. Have any assets been sold or transferred outside the normal course of business

No

this reporting peod? If yes, provide an explanation below.

2. Have any funds been disbursed from any accaunt other than a debtor in possession

No

account this reporting period? If yes, provide an explanation below.

3. Have all postpetition ta returns been timely filed? If no, provide an explanation

N/A

below.

4. Are workers compensation, general liability and other necessaiy insurance

Yes

coverages in effect? If no, provide an explanation below.

5. Has any bank account bccn opened during the reporting period? If yes, provide

No

documentation identifying the opened account(s). If an investment account has been opened
provide the required documentation puruant to the Delaware Local Rule 4001-3.

FORM MOR-S

(047)