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UNITED STATES BANKUPTCY COURT DISTRICT OF DELAWARE

In re: Cameros Energy, Inc. Debtor

Case No. 09- 10791

Reponing Period: ADril2009

MONTHLY OPERATIG REPORT

REQUI

DOCUNTS

DOcent
Form No.
MOR-I MOR-Ia MOR-Ib
...

Explaation Afdavit/Supplement

Attch ed
01

Schedule of Cash Receipts and Disbursements Bank Reconcilation (or cODies of debtor's bank reconcilations) Schedule of Professional Fees Paid ,
CODies of bank statements

Attch d Attchd e
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

01
01

Cash disbursements jourals

N/A N/A
01

Statement of ODerations
Balance Sheet

Status of PostPetition Taxes
CODies of IRS Form 6123 or pavmentreceiDt

MOR-2 MOR-3 MOR-4
.......... .... ....

01 01

CODies of tax returs fied durin!! renortinrr aeriod Summar of Unpaid Postpetition Debts Listin!! of aged accounts payable Accounts Receivable Reconcilation and Aging Debtor Questionnaire

... .'

N/A N/A
01
01

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

01 01

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

Signature or Debtor

Date

Date

, 11/0O¡ Date(l I

5( vi r-C(Ó
Primed

Title of Authorized Individual

· Authoried iodividual must be '10 omcer, dircctor or sharholder if debtor is a corporation; a panner if deblor

is a pllership: a manager or member if debtor is a limited liabilty company.

MOR

¡!)m)

In rc: Camcms EnellV. Inc.

Case No. 09-10791

Debtor

Reponing Pcnod:_Apnl 2009_

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

CAS BEGINGOF MONT

OPER PAYROLl. TAX OTH

I I II
\', ,~, '~:'~

BANK ACCOUNS

ArrAL PRru~
II

CU MONT

'C1JATI FILING TO DATE

ArrAL PROJD

.REIP
Cameros Energy, Ine. does nel have any ncllw cash opernllng nccounls. It only has one C.D. account with a balance of roughly $1,605.00 whIch has been Inacllve for sowrnl month..
r, ~rl' 1: :'\:'.r:

,."..

,.: :,- '-' ':. .... "H :;;;:~"::~;",. "'

I" I' i~ j i ' II
i i I I II
II

II

II

ii

TH FOLLOWING SECTION MUST BE COMPLETED

DlsiURÈ.\1ENFOR CA'IG ú;S"nuisTE nUAR'IYFE: CFROMicÚRiENMÔNTACTÁL COLii
TOTAL DISBURSEMEN
LESS: TRNSFE TO DEBTOR IN POSSESSION ACCOUNT

...
SO.OO SO.OO SO.OO SO.OO

PLUs: ESATE DISBURSEMENS MADE BV OUTSIDE SOURCES (i.e. fnim escw iiUßIS)

TOTAL D1SßURSÐ.IENS FOR CACUTING U.s. TRUSTEE nUARTERL Y FEES

R)RMMOK.1

(1J.7)

In re: Cameros Ener~v. Inc.

Case No. 09- i 079 I
RepoTUng Petiod:_April 2009_

Debtor

BANK RECONCILIA nONS
Coniinlion Sli ror MOR-l

¡BALCE PER BOOKS
~"Y,'C

1#

..

.'-.o..._"_,,'--,.,.,,...f_.

BANK BALCE
(+) DEPOSITS IN TRSIT (ATTACH US1 (- OUTANDING CHECKS (ATIACH US1 ADJUSTD BANK BALACE'
. Adjusted bank b"lance must equal
balance per books

°t

patu
1#
H._-

Tax
1#
I

Other
1#
I

Cameros Energy, Inc. does not have any acUve cash operaUng accounts. It only has one C.D. account with a balance of roughly 51,605.00 which has been InacUve for several months.

~

~.

FORM MOR.i. (o.I07)

In re: Cameros Energy, Inc. Debtor
Case No. 09-10791

Reporting Period:_April 2009_
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID
Check

.........,c/:

.-.~. ,,-, _. ...-.... ._-. .'" ,_.'....,...-..-.,.....-.....-: V'-."-":",___.-.:';.." :::.,-.-,...

'A'móúhlPald
'.Fées.
.. Exöenses

Payeè'
Number Dale

(k~'rlêidCover~d

I. Äf1ouijf. ..../.è1è:è1;;!"è..i..'.................. Approved . ..f,ayÖr. ......

i.'

. YêaHo,Date,. .. Fees Expêhses

..

No profeslonal fees were paid post-petiton.

,

FORM MOR-II,
(04107)

In re: Cameros Enemy, Inc. Debtor

Case No. 09- 10791

Reporting Period:_April 2009_

STATEMENT OF OPERATIONS
(Income Statement)

, . REVENUS

... ...

Oil and gas production revenue
Roya1tv payments

Mth on
$
-

Cumulative
, Fil D ate igto

$

-

, .

Net Revenue

OPERATING EXENSES '
Repairs and mantenance

-

-

SalareslcDmmis5ionsifees
Transponation expense

-

Utilties Insurnce
Emplovee benefit progrms

-

Taxes - production Inventory change Rem and lease expense Travel and entenainment Supplies General and administrative Depreciation. depletion and amortzation Net Profit (Loss) Before Other Income & EXDenses

-

-

-

-

(27S)
-

OTHER INCOME AN (EENSES)

,..,

275
-

304.188 15.299 (319.487)
-

Accretion of discounts and amortzation of deferred financing costs Interest expense- nDn-cash - paid in kind Stock compensation expense Interest and dividends
Realized J!ainl(l055) on derivatives

1

Interest expense- cash Other revenue General exploration exoense Net Profit (Loss) Before Reorganization Items

., .

3 -

3,200
-

REORGANATION ITMS
Professional Fee Rear anization Interest

... ......

277
...

(316.284)

Net Profit (Loss)

s

277 S

(316.284)

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

FORM MOR-2
(04107)

In re: Camero!; Encrii Inc.
DcblOr

Casc No. 09-10791

Reportng Pcnod:_Apnl 2009_

BALANCE SHEET

BOOKVALUEAT EN OF

çuRÎòilTiNG MONT
$
1.605

13.924.7~3

PROI'ERTYAND'EOUIME.. ......
Asset Reúrement Costs
In Proccss Dcvelonmeni
Unnroved Prorirtcs

.....

...

...

.

$

I 3.926.3~8

..
$

Proved Prooertes Includin~ Lease tud Well EauiomcDt

,.
~

-

362.616
159.536 ~5.259

Orfce Fnuinmcnt and Softwn
Vchiclcs Othcr Eauiomcnt and Leaschold Imorovemems

Pirilinc Eiuinmcnt
Less Accumulatcd Dcorceiation TOTAL PROPERTY & EQUIPMENT
(72923 )
....

.. '

,....

S
.,

494..89

s

1.8~0,096 1.840.096
I .8~0.096 I

Is
s

12.907.025

(316.28.)

t2,590,741
14.430:837

roRM MOR-)

(ß.7)

In rc: Camero EneTlv. Inc. Debtor

Cac No. 09-10791

Reportng Period:_April 2009_

BALANCE SHEET. continuation sheet
nOOK VALUE AT EN

OF

ASSETS
Other Cunt Assets

CUNT REORTIG MONT
S

Intercompany Receivables
Derivative Asscts

13.918.440
-

Advances
Other Receivables

Total Other Current Assets

$

6.303 13.924,743

FORM MOR.) CO~TD (1)0\7)

In re: Cameros Energy. Inc. Debtor
STATUS OF POSTPETITION TAXES

Case No. 09- 1079 (

Reportng Period:_April 20m

Ending Tax

Liabilty

Not Applicable

can 0 Withholding Sales Excise Unemolovment Rcal Pronert
Personal Prpery
Total State and Loca Total Taxes

'';
I

~.

I

T
Not Applicablc

I

i

I I

I I

-T
I

i I

I I

SUMARY OF UNAID POSTPETITION DEBTS
....

..'

Number of

Days Pas Duë

chrent
I

Q.30
I

31-60
I

W90
I

Over 90
I

Tota

Accounts Payable
Wal!es Pavable

Taxes Pavable

Rentlases-Buildinl! Rentlases-Eouinmeni
Secured DebúAdequatc Protection Payments Professional Fees
I I I I

Not Applicable

Total Posloctition Debts

ì

I

I i

I I

FOR,\1 MOR..
(O~i07)

In re: Cameros Energy. Inc. Debtor

Case No. 09-10791

Reporting Period:_April 2(

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

Accounts Receivable Recon.cilatioii Total Accounts Receivable at the beginning of the reporting period + Amounts billed during the period - Amounts collected during the period Total Accounts Receivable at the end of the reporting period
. AccountS Receivable Agmg o - 30 days old 31 - 60 days old 61 - 90 days old 91+ days old Total Accounts Receivable .
......

Amount
I

Not Applicable
I

..

..

,:.'-"'Y

.......

.. .'

Am ount
I

.

Not Applicable

Accounts Receivable (Net)

I

DEBTOR QUESTIONNAIR
Miistbe ëomplet~d éach month
i. Have any assets been sold or iransrerred outside the normal course of busincss

YeslNo No
No

this reponing period? If yes, provide an explanation below.
2. Have any funds been disbursed from any account other than a debtor in possession
account this reporting period? If ycs, provide an explanation below.

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

N/A
Yes

4. Are workers compensation, general liabilty and other necessar insurance
coverages in effect? If no, provide an explanation below.

5. Has any bank account been opened durng the reponing penod? If yes, provide documentation identifying the opened accouni(s). If an investment account has been opened
provide the required documentation puruam to the Delaware Local Rule 400) -3.

No

FORM MOR-S
(04107)