UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE

In rc: Gotland Oil, Inc,

Debtor

Case No. 09-10792

Reponing Period: July 2009

MONTHLY OPERATING REPORT

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MOR-I
MOR-Ia
MOR-Ib

MOR-2
MOR-3
MOR-4

N/A
N/A
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ra;t;~2!tt~;~;

MOR-4
MOR-4
MOR-5
MOR-5

I declare under penally of

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NJA
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perjury (28 U.S.C. Section 1746) that this report and the attached documents

are true and correel to the best of my knowledge and belief.

Date

Signature of Debtor

Date

1ft

I;;?

Datel i

~J ~~ 'Sr~fi;1~

~J:(IIAVI

Title of Authorize Individual

Primed Name of Authorized Individual

'Autliorized individual must be ,ui officer. djreclor or shareholder if debior is a corporai

is" partnership; a manager or member jf debtorlimited
is '1 Iiabiliy

ion; a p"nner if debiar

company.

MOR
(0410

In re: Gotland OiL Inc.

Case No. 09-1071)2

Reoorting Period: July 2009

Debtor

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

TOTAL DI~'BURSEMNTS

1::::::i::::e;:::i::::::J:::J
1 ... . .1. ..I=: i ii i. 11 I
TI FOLLOWING SEClION MUST BE COMPLETED

.C7'*-'i:"~'::;";~i\~.6~;: .-';;:fJ~~:t .:~' _t:i:.~'.:j.~~'i'.:-::::c~,,"~i';'::;' ':'.::i_:.~':~ti':;'~ '~l~;~:;'-~~, :~;:2fli~~;5:;;;;t'q.t~~U.::jr"'::~i:,"'~;:~~-::~.~~';~:;.;~:::.'0J?;~.; :~';.~~,:';;';:,'"'.~,~ .~~. 't.~~~-:--t.::. :~';~'.:"'::'(,~~::/(~;':;:~V;i:;.::":~'.: :ir ;':':::~;~~"ip:,.'i;;,";'

Dis~FM:-lTiG"1im.s'rrdA~~iii;"'oi.:iMO/:ACT\:iCo--.t.A':t!';f'ASf,i.T
TOTAL DISBURSEMENTS

LES,

TRANSFERS TO DEBTOR IN POSSESSlON ACCOUf\'lS

PLUS: ESTATE DISBUREMENTS MADE; BY OUTSIDE SOURCES (j,e, frOlD escrow Clcolims)

TOTAL DISBURSEME FOR CALCULATING U.S. TRUSTEE OUARTERL Y FE.s

:':.Ba.ii;r~:f;:j'k;%;':P::~:=ij~'(~~';':':rg;~..:~::

$0.00

$0.00
$0.00
$0.00

FORM MOR-l

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C',asc No. 09-10792

In rc: Gotland OiL. inc.

Reporting Period: Julv 2009

Debtor

BANK RECONCILlA nONS

COltl.atlon Sheet for MOR.I

BANK BALANCE

(+) DEPOSITS IN TRANSIT (ATIACH LIST

w.

(-) OUTSTANDING CHCKS (ATIACH LlSn .,

Gotland 011, I no. does not maintain any cash acounts.

ADJUSTED BA.'IK BALANCE ".

. Adjusred bank balane mu,i equal

balane per bo
'-:,

FORM MOR-lii

(047)

Debtor

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

Case No. 09-10792

Reporting Peiiod: July 2009

No profesional1ees were paid post-petition.

(0417)

FORM MOR-Ib

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In re: Gotland OiL. Inc.

In re: Gotland OiL. Inc.

Case No. 09-10792

Debtor

Reporting Period: Julv 2009

STA TEMENT OF OPERATIONS
(lneome Statement)

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...:,."....__...~... '.~ __, ~....,' .....
'"n,L.

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...._,.

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I Net

Profit (Loss)

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I Professional Fees
I Reoriianization Interest

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FORM MOR-2

(0410)

In re, Goand Oil Inc.

Debtor

Cas. No. 09-10792

ReiiortH! Period: "uh12009

BALANCE SHEET

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FO'RM MOR-3
o.nn

In re: Gotland Oil, Inc.

Debtor

Case No. 09-10792

RepOning Period: July 200

BALANCE SHEET - continuation sheet

40

FORM MOR.3 CONT'D

rOllO7)

In re: Gotland OiL. Inc.

Ca~e No. 09- 10792

Reporting Period: July 2009

Debtor
STATUS OF POSTPETITION TAXES

Not Applicable

....,_.... ......-.....,. ...._.... .-.",,

.........", .....'"..~...~.....'.

Withholding
Sales
Excise
Unemployment

~"-. .-. '" .-' ,.~."~' '"'-~,.~........- -'-I

." ~ ,"-,.-'".: .,.:._.,..~..

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I

-..-:. .'.'-.":':' ......_..

'.,....

.......

.,.-;;,';':,.......:...,..
...
........v.....

Not Applible

Real ProDert
Peronal Property
Tota Stale and Loca

Total Taxes

T
T

SUMMARY OF UNPAID POSTPETITION DEBTS

Not Applicable

FORM MOR-4
(04107)

In re: Gotland Oil, Inc.

Case No. 09- 10792

Debtor

Reporting Period: July 2009

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

Total Accounts Receivable at the beginning of the reporting period

+ Amounts biled during the period
- Amounts collected duri the eriod

Not Applicable

Total Accounts Receivable at the end of the reporting period

o - 30 days old
31 - 60 da sold
61 - 90 da sold

Not Applicable

91+ da sold

Total Accounts Receivable

Accounts Receivable (Net)

DEBTOR QUESTIONNAIRE

1. Have any asscts been sold or transferred outside the normal course of business
this reporting period? rf yes, provide an explanation below.

No

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

No

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

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

N/A

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

Yes

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

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

No

documentation identifying the opened account(s). If an investment account has ben opened
provide the required documentation pursuant to the Delaware Local Rule 400 I -3.

FORM MOR-S

(0407)