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UNITED STATES BANKRUPTCY COURT DISTRICT OF DELA WARE

In re: Petraea! Acquisition Com. Debtor

Case No. 09-10786
Reporting Period: April 2009

MONTHLY OPERATING REPORT

REQUID DOCUMNTS
Schedule of Cash Receipts and Disbursements Bank Reconcilation (or copies of debtor's bank reconcilations) Schedule of Professional Fees Paid Copies of bank statements
Cash disbursements jourals

1)()~Ulêlit .Explation AfdayitlSupplement

Form No MOR-I

AttChed Attched Attched
,¡ ,¡ ,¡

MOR-la MOR-Ib .,..
."'-

N/A N/A
,¡ ,¡ ,¡

Statement of Operations
Balance Sheet

Status or Postpetition Taxes Copies of IRS Form 6123 or payment receipt
Copies or tax returs fied during reporting period
Summar of

MOR-2 MOR-3 MOR-4
,

N/A N/A
.¡ ,¡ ,¡

Unpaid Postpetition Debts Listing of aged accounts payable

Accounts Receiwble Reconcilation and Aging

Debtor Questionnaire

MOR-4 MOR-4 MOR-S MOR-S

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

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

Signature of Debtor

Date

Date

n,il ¡ /-y¡
ç /1(Jr¿(V
Title of Aulho/¡zed Individual
* Authorized individual must be un offcer, direClor or sharholder if debior is a corporation; a panner if debtor
is a pnrership; a munager or member if deb lor

is a limited liabilty company.

MOR (0-107)

10 re: Pcrmeal Acol1isiiinn Corp. Debior

Case No. 09-10786

Reponing Pcriod:_April 2009_

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
".'.:', .,' " ,
'" .",.' ,', ",:': :,: ,:,,:_:. :!," ,'~,;

RE

CASHBEGING OFMONT
.

.1 i I II
,. "d~~NΧ'¥qcöoos
opa, 'PAYROLL ' Tt\X. ,o'l
I II I I I II

, , ct'MONr
,

t\CJAL . PROJ
II

ctrtATIVEFiiNGTÒJ)ATE

ACJt\ PROJEC

Pctrocal Acqulsllion Corp. docs not maintain any cash accounts.
TOTAL RECEIPS
I

DISBUREMEN'

I"''' '"'""~~

1111' II
":':',':~)'/,d;

II

i i I I II
II

II

ii

TIE FOLLOWING SECTION MUST BE COMPLETED
DISBURSEM FOR CALCULATIG

U.s. TRVSTEOUARTERLY FE:

CFOMClT MONT, AClAL COLUM
SO.OO

TOT AI. DISBURSEMENTS
LES: TRASFERS TO DEBTOR IN POSSESSION ACCOU¡o"fS

50.00
SO.OO

PWS: ESATE DISBURSEMEI'S MADE BY OUTSIDE SOURCE (i... fmii=w lUWlIS)
TOTAL DISBURSEMENTS FOn CAeuA TIG U.S. TRUSTEE QUARTEItLY FIES

50.00

FORM MOR.! t(~I07)

In re: PeTrocal Acouisiiion Com.

Cae No. 09-10786

Debior

Reporting Period:_April 2009_

BANK RECONCILIA TIONS
CODtilion Sheet for MOR-I

Operating
IBALANCE PER BOOKS
1#
I I

pajJJ
1#
I

Tax
1#
I I

Other
1#
I I

BANK BALtNCE
(+) DEPOSITS IN TRANSIT (ATTACH UST

I

i

i

(-) OUTSTANDING CHECKS (ATTACH LIST

Pelrocal AcquIsItion Corp. does not maintain any cash accounts.

ADJUSTD BANK BALANCE'
. Adju.lCd bank bal.nce must CQu.1
baloee per beoks

FORM MOR.I A 1"'107)

In re: Petraea! Acquisition Com. Debtor

Case No. 09-10786 Reporting Period:_April 2009_
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID
~-, . "..

...'......'.'."....;;i.ii..",'..'...,.

,...
'Ärnpiiií(. :

i..
' lk,

.AmountPaid
.....

'PenodCovered
·

.,'"",Pàyor .Approved' :. lt;;:.S) " ,."

"Check Nümberi ::Date. .

B~es'"
,,". Expenses ,',. .

.,' :':åar-,.o~Ðåte.i..', Feels' Exöenses

No profeslonal fees were paid post-petiion.

.

.

FORM MOR,lb
(CWO? )

In re: Petroca) ACQuisition Corp.

Case No. 09- 10786

Debtor

Reporting Period:_ApriI2009_

STATEMENT OF OPERATIONS
(Income Statement)

Cumultive
Month
S

Fil to Date

- s
'..,',',
-

,

:l

",.

,',

",'. ,','

"

,

"

',','

Repairs and maintenance

Salareslcommssionsf ees
TransDorttion expense

~
-

Utilities Insurance EmDlovee benefit DrOl!ms

-

-

-

Taxes - Drouction
Inventorv chanl!e

-

Rent and leas eXDense

Travel and entertainment Supplies
Taxes - other

-

-

25
',", .,'

25
-

General and administrative Depreciation. depletion and amortization Net Profit (Loss) Before Other Income & Expenses

(25)
,'.'

(25)

OTHERINCOMEA:(EXPEN'SES)

costs

(25)

$

(2S) $

(2S)

Note: The income statements above reflect the Company's activity for Ùle entire month of March.

FORM MOR.2
(04107)

In rc: PClfOCl'l Acoiiìsitinn Com.

Case No. 09- 10786

Debtor

Reportng Period:_April 2009_

BALANCE SHEET

BOÇlKVAt'ÒATENOF , ,

CU'T RÈORTIGMONT ·
s

s s

15,762,849 15,762,849

CU REORTIG MCll'lI
UÁBILITNOT suJEct TO

BOOK VAlUÈAT EN OF

COMPROMIE /Pómiiìiiõi,).',
S

Accounis Pavible and Accrued liabilties
Tuxes Payable Waccs Pavable Notes Pavible - Debtor.in-oossessioa finiinein. Rent I Lciies . BuildinWEquioment Secured Debt I Adcouaie Protecuon l-dvments Professio",,1 Fees
Intercmpany Payables

-

-

Asset Retirement Oblicatioiis Accrued Interest

.
S

Other l.abilties TOTAL POSTPETITON UABIUTIES LIAILITI SUJECl:rO cOMPROMlSE/PrePeUuon) Secured Debt Prority Debt
Unsecured Debt

-

$

S

Intereomoany Puyubles TOTAL PRE-PETITION UABIUTIES

:! :!
:! I

¡TOTAL UABlUTIES

Is
$

OWNEREOUlT
Share Cnoitn Contrbuted Surplus

.
-I
-

Warants
Additional Paid In Caiiiuil

Accumulated Other Comnrchensive Loss Panners' Canitn Account Owner's Equity Accouni Retnned Eanincs . Pre-Peiiiion Retnncd Eaia.s - Posto.tition Adiustment 10 owner Eouitv (atlich schedule) Postnciuon Contrbuuons (Distrbutions (Draws) (aiinh schedule) NET SHARHOLDERS' EQUITY

15.762.849

(:!1
S
.,'..',. "

,'.' '.. , ,

15,762,824

TOTAL LlAIlL,AN O\V~EQUl'rY

$

.15,762.849

IUlllIMOR.)

""'''I

In re: Petrocal Acquisition Com. Debtor

Case No. 09-10786

Reporting Penod:_April2009_

BALANCE SHEET. continuation sheet
BOOKVALlÆATENOF
ASSETS
Other Curent Assets

CUREORTlNGMONT
$

Intercompany Receivables Denvative Assets Advances
Other Receivables

IS,762.849
-

.
-

Total Other Current Assets

$

15.762.849

FOIL\o MOR-) CONTD

(lllO)

In re: Petrocal Acquisition Com. Debtor

Case No. 09-10786
Reportng Penod:_Apnl 2009_

STA TUS OF POSTPETITION TAXES

ßègÌlg
Federa
Withholding ACA-EmDlovee FICA-EmDlover Unemplovment Income
Tota Federal Taxes

. AJliilint

Tàx Liability
I

WilhcJdor Accred
I

Amount Paid
.,"
I

Date Paid
I

CbecÍNo. or EFT
I

Ending Tax

Liabilty

Not Applicable

-i
'"

i

SmtiHuldLõêli
Withholding Sales Excise UnemDlovment

",.

' "-,c'; ,...ii'. I

".

;';,'

I

I ,

,;

" I

~,

I

I

Not Applicable

Real Propert
Personal Property Total State and Local
Tota Taxes
I I I I I I I I I

1

SUMARY OF UNAID POSTPETITION DEBTS
Total

Not Applicable

FORM MOR-I
(04107)

In re: Petroeal Acquisition Com. Debtor

Case No. 09-10786 Reporting Period:_April 2009_

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

v,..., ,
Accounts

Ré'ceivable Reeonciätioii

Amount
I

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 reporting period
~,

Not Applicable
I

Accounts Receivable'Agig
o - 30 days old 31 - 60 days old 61 - 90 days old 91+ days old Total Accounts Receivable
Accounts Receivable (Net)

""';"',.",'

ill

" ',',"

"

Amount
I

Not Applicable

I

DEBTOR QUESTIONNAIRE
Must becompletecl each moiitl
I. Have any assets been sold or trasferrd outside the nonnaI course of business
this reportng period? If yes, provide an explanation below.

Yes/No No
No

2. Have any funds been disbursed from any account other than a debtor in possession
account this reportng period? If yes, provide an explanation below.
3. Have all postpetition ta returns been timely fied? If no, provide an explanation

N/A
Yes

below.

4. Are workers compensation, general liabilty and other necessary insurance coverages in effect? If nõ, provide an explanation below.
5. Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.

No

FORM MOR-5 (04/07)