UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWAR
Case No. 09-\0786

In re: Petrcal Acauisition Corn.

Reporting Period: March 2009

Debtor

MONTHLY OPERATING REPORT

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I declare under penalty ofpeijury (28 U.S.C. Section 1746) that ths report and the attached documents
my knowledge and belief.

are tre and corrct to the best of

Signture of

Debtor

Date

Date

So / : XI
Date
( I
.~r V p - ft)
Title of Authoried Individual

Aullori individua must be an offcer. diretor or shareholder if debtor is a corpration; a parer if debtor
is a parerhip; a manager or member if debtor is a limited liabilty company.

MOR
(1)107)

Case No. 09- 10786

In re: Petmcal Aciiuisition Com.

Reprting Pcriod: March 2009

Debtor

SCHEDULE OF CASH RECEIPTS AN DISBUREMENTS

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TH FOLLOWIG SECTION MUST BE COMPLETED

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TOTAL DISBURSEI\IENS

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SO.OO

LESS: TRSFERS TO DEBTOR IN POSSESSION ACCUN

SO.OO

PLUS: ESATE DISBURSEME MADE BY OUTSIDE SOURCES Ii... lIm esw .""unt,'

SO.OO

TOTAL

DlSnURSEMENTS FOR CALCULATIG U.S. TRUSTE OUARTERLY FEES

SO.OO

fORM MOR.'
t().1m

In re: Pelrcal Acauisition Com.

Debtor

Case No. 09- 10786

Reprting Penod: March 2009

BANK RECONCILIATIONS
ContinuotIon Sheel ror MOR-l

Petrocal AcquIsition Corp. does not maIntain any cash accounts.

FORM MOR.1
IrW07)

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("' ~", ;.'" , . "

In re: Petrocal Acquisition Corp.

Debtor

-No profesional fees were paid post-petiion.

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SCHEDULE OF PROFESSIONAL FEES AN EXPENSES PAI

FORM

MOR-tb
(04/07)

Reporting Period: March 2009

Case No. 09-10786

Case No. 09-10786

In re: Petracal ACQuisition Com.

Debtor

Reporting Period: March 2009

STATEMENT OF OPERATIONS
(Income Statement)

costs

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

March.

FORM MOR-2
(04107)

Case No. 09- 10786

In ie: Pelmcat Acouisition Com.

Debtor

Reportng Period: Mnreh 2009

BALANCE SHEET

15.762.849
15.762.849

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(04~i17

Case No. 09-10786

In re: Pelrocal ACQuisition Corn.

Reportng Perod: March 2009

Debtor

BALANCE SHEET - continuation sheet

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Intercompany Receivables

Advances
Other Receivables
Total Other Current Assets

15.762,849

Dervative Assets

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15,762,849

fORM MOR-J CONTD

(CW07)

In re: Petrocal Acauisition CoW.

Debtor

Case No. 09-10786

Reporting Perod: March 2009

STATUS OF POSTPETITION TAXS

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Withholding
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FICA-Emolovcr

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Uncmolovrent
Income
Total Federal Taxes

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Total Tases

SUMMY OF UNPAID POSTPETITION DEBTS

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Accounts Pnyable
Wal!cs PaVlbJe

Taxes PaVlbJe

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Rcntl-EQioment

Not Appllcablc

Secur Debtl Adequate Protection Payments

Professioaal Fces

TotiiPostDctlton Debts

FORM MOR.4
(IW07)

Case No. 09-10786

In re: Petroca! Acquisition Corp.

Reportg Period: March 2009

Debtor

ACCOUNTS RECEIVABLE RECONCILIATION AN AGING

l"~.untilaVil1e.niiHb~~~
Total Accounts Receivable at the beginng of

the reporting period

+ Amounts biled dur the eriod

_ Amounts collected dur the eriod Not Applicable

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Tota! Accounts Receivable at the end of the reportg period

o - 30 days old

3 i - 60 da old
61 - 90 da sold

Not AppUcable

91+ da sold

Total Accounts Receivable

Accounts Receivable (Net)

DEBTOR QUESTIONNAIRE

No

N/A
4. Ar workers compenation, generl

liabilty nnd other necessnry insuronce

Yes

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

5. Has any bank nccount been opened during the reporting perod? lfyes, provide

No

documentation identifying the opened account(s). If nn invesunent account has bccn opened
provide the required documentation pursunnt to the Delawnre Local Rule 400 i -3.

FORM MOR-S
(04/07)