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    Chapter 11 Dockets
    The monthly operating report summarizes Gotland Oil's financial activities for November 2010. It includes schedules for cash receipts and disbursements, bank account reconciliations, professional fees paid, statements of operations and balance sheets. Gotland Oil does not maintain any cash accounts or pay any professional fees. The balance sheet shows total assets of $400, which are classified as other current assets. There are no liabilities, resulting in total shareholder equity of $400.

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    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd

    10000016855

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    Chapter 11 Dockets
    30 views9 pages
    The monthly operating report summarizes Gotland Oil's financial activities for November 2010. It includes schedules for cash receipts and disbursements, bank account reconciliations, professional fees paid, statements of operations and balance sheets. Gotland Oil does not maintain any cash accounts or pay any professional fees. The balance sheet shows total assets of $400, which are classified as other current assets. There are no liabilities, resulting in total shareholder equity of $400.

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    The monthly operating report summarizes Gotland Oil's financial activities for November 2010. It includes schedules for cash receipts and disbursements, bank account reconciliations, professional fees paid, statements of operations and balance sheets. Gotland Oil does not maintain any cash accounts or pay any professional fees. The balance sheet shows total assets of $400, which are classified as other current assets. There are no liabilities, resulting in total shareholder equity of $400.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    30 views9 pages

    10000016855

    Uploaded by

    Chapter 11 Dockets
    The monthly operating report summarizes Gotland Oil's financial activities for November 2010. It includes schedules for cash receipts and disbursements, bank account reconciliations, professional fees paid, statements of operations and balance sheets. Gotland Oil does not maintain any cash accounts or pay any professional fees. The balance sheet shows total assets of $400, which are classified as other current assets. There are no liabilities, resulting in total shareholder equity of $400.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 9

    UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE In re: Gotland Oil, Inc.

    Debtor MONTHLY OPERATING REPORT Case No. 09-10792 Reporting Period: November2010

    kO1J11ED

    Schedule of Cash Receipts and Disbursements Bank Reconciliation (or copies of debtors bank reconciliations) Schedule of Professional Fees Paid Copies of bank statements Cash disbursements journals Statement of Operations Balance Sheet Status of Postpetition Taxes of IRS Form 6123 or payment receipt Copies of tax returns filed during reporting period Summary of Unpaid Postpetition Debts Listing of aged accounts payable Accounts Receivable Reconciliation and Aging Debtor Questionnaire

    MOR-I MOR-la MOR-lb

    I
    /

    MOR-2 MOR-3 MOR-4

    V V V
    /

    N/A N/A MOR-4 MOR-4 MOR-5 MOR-5


    / /

    V V

    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 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 attached documents are true and correct to the best of my knowledge and belief.

    Signature of Debtor

    Date

    Signature of Joint Debtor

    Date

    SifAuthized Individual*

    December 21, 2010 Date

    Jennifer Kuntz Printed Name of Authorized Individual

    Treasurer Title of Authorized Individual

    Authonzed individual must bean officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member ifdebtor is a limited liability company.

    MOR
    (OO7)

    In re: Gotland Oil. Inc. Debtor

    Case No. 09-10792 Reporting Period: November 2010

    SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

    II
    Gotland Oil. Inc. does not maintain any cash accounts. TOTAL RECEIPTS

    TOTAL DISBURSEMEN1S S

    rr

    THE FOLLOWING SECTION MUST BE COMPLETED

    FOSMMOR- I (O4O1)

    In to: Gotland Oil. inc. Debtor BANK RECONCILIATIONS Continuation Sheet for MOR-I

    Case No, 09.10792 Reporting Period: November2010

    FBALANCE PER BOOKS

    I
    BANK BALANCE
    1 +)DEPOSITS

    11 TN TRANSIT (ATTACH LIST)

    (-)OUTSTANDING CHECKS (ATTACK LIST) ADJUSTED BANK BALANCE Adjusted bank balance must equal balance per books tj

    Gotland Oil, Inc. does not maintain any cash accounts.

    FORM MOe.!,

    (oeu

    hare: Gotland Oil, Inc. Debtor SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

    Case No. 09-10792 Reporting Period: November 20l

    rrJx

    post-petition. No profesional fees wereiJT

    FORM MOR-ib (04/07)

    In re: Gotland Oil, Inc. Debtor

    Case No. 09-10792 Reporting Period: November 2010 STATEMENT OF OPERATIONS


    (Income Statement)

    -. vn

    Oil and gas production revenue Royalty payments Not Revenue

    RON-

    0V1rNG
    Repairs and maintenance Salaries/commissions/fees Transportation expense Utilities Insurance mployee benefit programs Taxes productiou I nventory change Rent and lease expense Travel and entertainment S upplies Advertising Auto and truck Bad debt Contributions I nsider compensation Management fees/bonuses Office expenses Pensioii& profit sharing plans Taxes - payroll Taxes - real estate Taxes - other General and administrative Depreciation, depletion and amortization Net Profit (Loss) Before Other Income & Expenses Accretion of discounts and amortization of deferred financing costs
    Interest expense- non-cash - paid in kind S tock compensation expense I nterest and dividends Realized gain/(loss) on derivatives

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

    $ $

    FORM MOM (04/07)

    In to: (lolland Oil. Debtor

    IncBALANCE SHEET

    Case No. 09-10792 Repotljtsg Penod: November 2010

    M, 4
    1

    Unrestricted Ce1- and Equivalents IRes tri cted Cash and Cash Equivalents Accounts Receivable (Net) Inventories Prepaid Expenses Expenses (epiona1 Retainers I0cherCnt Assets (See Attached Schedule) TOTAL CURRENT ASSETS

    400 400

    S S

    frepycd Properties Including lease and Well Equipment


    Asset Retirement Costs Its Process Development Unproved Properties Office Equipment and Software Vehicles Other Equipment and Leasehold Improvements Pipeline Equipment Lass Acctsniulated Depreciation TOTAL PROPERTY & EU!PMENT

    MIR

    OTth8T4 AS8r

    Other Assets (See Attached Schedule?

    UTO Accounts Payable and Accrued Liabilities Taxes Payable Wages Payable Notes Payable. Deblor-in-possession financing Rent /Leases - Building/Equipment Secured Debt /Adequate Protection Payments Professional Fees Intercompany Payables Asset Relireinent Obligations Accrued Interest Other Liabilities TOTAL POSTPETITION Se=ed Debt Priority Debt Unsecured Debt Intercompany Paysbles TOTAL PRE-PETITION LIABILITIES

    LIABILITIES$

    } -

    I
    TOTAL LIABILITIES Ishure Capital IContabeted Surplus Warrants Additional Paid In Capital 1AcI1nuIated Other Comprehensive Loss !Partners Capital Account Qps Equity Account c!ined Eamin8s - Pre-Petilion Retained Earnings - Posipelition Adjustment to owner Equity (attach schedule) Postpeition Contributions (Distributions (Draws) (attach scliedale) NET SHAREHOLDERS EQUITY

    S
    ii)
    iI

    Is
    $

    400

    $
    V

    400

    TOThLLLB1LTE8 A N U OQ(fly..

    MW

    YMM Mott.)

    In re: Gotland Oil, Inc. Debtor

    Case No. 09-10792 Reporting Period: _Novernber 2010_

    BALANCE SHEET - continuation sheet


    :

    Intercompany Receivables Derivative Assets Advances Other Receivables Total Other Current Assets

    400
    -

    400

    FORM MOR-3 CONID


    (04)07)

    In re: Gotland Oil, Inc. Debtor STATUS OF POSTPETITION TAXES

    Case No. 09-10792 Reporting Period: November 2010

    Withholding FICA-Employee FICA-Employer Unemployment Income Total Federal Taxes tate idc Withholding Sales Excise Unemployment Real Property Personal Property Total State and Local Total Taxes

    N Not Applicable

    ry

    Not Applicable

    SUMMARY OF UNPAID POSTPETITION DEBTS


    IN

    Accounts Payable Wages Payable Taxes Payable Rent/Leases-Building RcntlLeases-Eguipment Secured Debt/Adequate Protection Payments Professional Fees Total Postpetltion Debts

    I
    Not Applicable

    FORM MOR-4 (04107)

    In re: Gotland Oil, Inc. Debtor

    Case No. 09-10792 Reporting Period: November 2010

    ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

    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

    I
    Not Applicable

    0-30 days old 31 - 60 days old 61- 90 days old 91+ days old Total Accounts Receivable Accounts Receivable (Net)

    I
    Not Applicable

    I
    DEBTOR QUESTIONNAIRE

    1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below. 2. Have any fluids been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below. 3. Have all postpetition tax returns been timely filed? If no, provide an explanation below. 4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below. Note: We carry only fiduciary liability insurance. Company has no employees. Workers comp not requred. 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

    No

    Yes Yes

    No

    FORM MOR.S (04107)

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