UNITED STATES UANKRUPTCY COlJRT

DISTRICT OF DELA WARE

In re: Pacific Energv Alaska Ooerating, LLC.

Debtor

Case No. 09-10789

Repoiting Period: September 2009

MONTHLY OPERATING REPORT

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

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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

November 12,2009

Date

Wiliam F. Lvng
Printed Name of Authorized Individual

Group Controller

Title of Authorized Individual

'Authorized individual must be an offcer, diretor or shareholder if debtor is a corporation; a partner if debtor
is a parnership; a mlUiager or member if debtor is a limited liabilty company.

MOR
(041071

...ACIFIC ENERGY

November 12, 2009

Office of the United States Trustee

Subject: Attestation of Reqard PostPetition Taxes

The debtor, Pacific Enerqv Alaska Operatino, LLC., hereby submits this attestation regarding
pospetition taxes.

All postpetition taxes for the debtor, which are not subject to dispute or reconcilation, are current.
There are no material tax disputes or reconciliations.

Sworn to and Subscribed

before me on this 12th

~~1

day of November, 2009.

l--. ~ - ~ ~ .. ~GA:.R-;PP- -1

~ ~ COMMISSION 1/1757533 ()

Notary Public - Calilornin ~

LOS Alo/GEl ES COUNTY ~
My Com,:i E,"::j'(0~ Joiy 16" 20 ~"i ~

_ __ ""--'-'/f.,' ..,.".-". ......

Nota)' Public
My

Commission Expires: 7-/6-1;

Pacific Energy Resources Ltd, 111 West Ocean Blvd., Suite 1240 Long Beach, CA 90802, Ph: 562-628-1526 Fax: 562-628-1536

,PACIFIC ENERGY

November 12, 2009

Office of the United States Trustee

Subject: Attestation Reqard Bank Account Reconciliations

The debtor, Pacific Enerqy Alaska Ooeratino, LLC., hereby submits this attestation regarding
bank account reconciliations in lieu of providing copies of bank statements and copies of all account

reconcilations,
The debtor has, on a timely basis, performed all bank account reconciliation in the ordinary
course of its business. Copies of bank account statements and reconciliations are available for
inspection upon request by the United States Trustee's Office.

Sworn to and Subscribed

before me on this 12th
day

- ""- ~ - ~GA: R-;~

of November, 2009.

COMMISSION # 1757533 ()
i Notary Public - California ~

LOS ANGELES COUNTY ~

------------

My Comm. Expires July 16,2011 t

My Commission Expires:

7-/(,--11

Pacific Energy Resources Ltd, 111 West Ocean Blvd., Suite 1240 Long Beach, CA 90802, Ph: 562-628-1526 Fax: 562-628-1536

Iii re; Pacific Energv Alaska OiieJ1ii"g. LLC.

Debror

OlSe No. 09- i 0789

ReDo";,,. Period, Se.oiemlier 2009

SCHEULE OF CASH RECEIPTS AND DISBURSEMENTS

LOANS AND ADVANCES

TRASFES

3.198,672

3,510

575,424

1,499,960

TRANSFES FOil ESCROW

OTHR

3.295

1.922,646

578.720

3.312

28

2.027.126

28

5.315.712

10

608.482

..

3.510

TRANSFERS TO LOCKBOX
TRANSFERS TO ESCROW

....

TRANSFERS TO PBAO

:~

150.00

TJANSFERS 1'0 OPERATIG

1 922,53 ,.

1.922.543

DEBT REDUCTION

3274,555

,.

Il\'TRES PAYMENTS

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":::.~:;.;.~.;.;,:;'l:'::..:. ;"::~":::':'"'."".:.;:.:.::::.:..,..;,,:...;,:.~ ,;:;:;,,;.-.:;;: .::;.;:; ,;:;:::...c;:,.;":':., .-:::::~::~:.:........ .:::::,l,'; :,;.::'::":'N:.:;.....

WsBURs'EiiNT;'fixIiiJiiNifii:s;olRST:OARTERDyiFgii!i;Bl:NT'MTl''TI'AWM~\;;~J,t,i;;5%il-~fs~;1~j;~,~\!L;;E:;;;\!gjJ)j2i,jN!'15;Ki~i~;;;
TOTAL DISBURS&~ENTS

LESS: TlANSFERS TO DEBTOR IN POSSESSION ACCOUNTS

2,534,531

7.880,345

(3,510

12.059 482

2.531.021

5 800.863

PLUS: ESTATE DlSBURSEMENlS MADE BY OUtSIDE SOURCES (i.e. from c:scrow 1Unt!')

TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES

FORM MOR-i
C041)

In re: Pacific Energv Alaska Operatin~. LLC.

Debtor

Case No. 09-10789

Reporting Period: September 2009
BAJI'K RECONCILIA nONS
Contiuation Sheet or MOR-!

7,550,17

BANK BALANCE

(+) DEPOSITS IN TRANSIT (ATfACH LIsn

(-) OUTSTANDING CHECKS (ATfACH LIST)
~.
OTHER (ATfACH EXPLANATION)

(22,322)

ADJUSTED BANK BALNCE.

216,728 250,000

" Adjusted bank balance must equal

(22,322)

7.550,417

551,999

1,379 8,570.523

~:.\'

:;

balance per books

FORM MOR-1 n
(04/07)

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i~:~~~(f;::i~:I;f~~l~tl~mfm~l=~:~i:';i

No profesional fees were paid post-petition.

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$fl'~jldmr\ftf~~W w1l,l!pplQ;~~lfk,~~t

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

In re: Pacific Energy Alaska OperatinR. LLC.

Debtor

Case No. 09-10789

FORM MOR-lb
(04/07)

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ReoortimiPeriod: SePtember 2009

In re: Pacitc Energy Alaska Operating, LLC.

Debtor

Case No. 09-10789

Reporting Period: September 2009

STATEMENT OF OPERATIONS
(Income Statement)

117,802
329,941
246,446
188,069
57,030
26,352
3,094
5,283,019
47,861
97,757
36,577
13,383
177,396
77,396

3,197,846
7,415,654
2.685,925
5,962,621
876,564
255,382
102,316
1,272,438
1,688,809
1,604
97,757
1,233,878
532,179
2,850.726
(7,748)

(806,714)
3,893

344,572
(91,932)
8,27 i ,300

( 4,665)

(21,679)

2,915,507
(1,430,778)

(1,916,248)
(3,842,597)

Professional Fees

Loss on Alaska abandonment

Net Profit (Loss)

292.012,082
$

(293,442.860) $

292,012,082
(295,854,679)

Note: The cumulative income statement above includes the Company's activity for the entire month of March 2009.
The Company filed for Chapter I i protection on March 9, 2009.

FORM MOR-2
(04/07)

In re: Pacific Energv Al:lska Opel'mjn~. LLC.

C,ise. No. 09-10789

Reportng Period: Seoiember 2009

Debtor

BALANCE SHEET

6.714.779
22.641.682

102,015,398

123,836.740

:::~;:::~;:2M&~~~\:;,~~~tti~.~Wr~ti~XS~~b~.~~,t~~i"~~.=;.~H8.~~::~~~~~:i.
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Secud Debt

321,986.214

56.546,312
121,278.366
499,810,892

Prority Debt

Unsecurd Debt
Intercompany Payables
TOTAL PRE. PETITION

LIABILITIES

....;.~...,.....~
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1305.151.270)
(295.854,679)

FORM MOR-l

(0~

In re: Pacific Energv Alaska Ooerating, LLC.

Debtor

Ca~e No. 09-10789

Reporting Period: Semember 2009

BALANCE SHEET. continuation sheet

Intercom any Receivables

Derivative Assets
Advances
Other Receivables
Total Other Current Assets
Performance Bonds
Investments-Abandonment
Total Other Assets

313,038

3)27,155
$

6,714,779

$
$

FOR."I MOR-J CONTD

(04107)

In re: Pacific Energy Alaska Operating. LLC.

Debtor

Case No. 09- 10789

Reporting Period: September 2009

STA TUS OF POSTPETITION TAXES

SUMARY OF UNAID POSTPETITION DEBTS

104.461
1.986

4.457
9,352,820

FORM MOR-4
(04107)

In re: Pacitc Energy Alaska Operatin~, LLC.

Debtor

Case No. 09-10789

Reporting Period: September 2009

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

o - 30 da sold
31 - 60 da sold

2,277,314
2,335,195

61 - 90 days old

91+ days old

Total Accounts Receivable
Amount considered uncollectible (Bad Debt)
Accounts Receivable (Net)

4,612,509
4,612,509

DEBTOR QUESTIONNAI
l\~fel~mp'ldtf1t~~1itit%*1~j~?q~%;?t~fi1t~t~fl'$j!?i~;;t!%ii~~0i!kjJ$ii~l!i~;~if;;i~!t!it;;~~ijtti~%~~.\1;i,i~!~itj:~~,$,*~?k~l~j1WtMWN;~)Hi
...... ..-...-...._~...'.~~,...-......~ '..~ ....._-.......-..." ......-.,..... ....,....-,... .. ',-,'.".
......,........
..~ ..,.....,'~"..... H.._.... "".'.",",' ,..._...._...
.....,.. ...'..,.,..... ...~.... .....~. ....-. ... n. .... .~.....~.:.....~....
I. Have any assets been sold or trnsferred outside the normal course of business

Yes

this repoitng period? If yes, provide an explanation below.

Abandoned Alaska assets pursuall (0 coui1 order in September 2009.

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

No

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

3. Have all postpetition tax returns been timely fied? If

no. provide an explanation

Yes

below.
4. Are workers compensation, general

liabilty and other necessary insurance

Yes

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

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

No

documentation identifying the opened account(s). If an investment account has been opened
provide the required documentation pursuant to the Delaware Loal Rule 4001-3.

FORM MOR-5
(04/07)