tiNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE
In re: Gotland Oil. Inc.
Debtor

Case No. 09- I 0792

Reporting Period: Aunust 2009

MONTHLY OPERATING REPORT

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N/A
N/A

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

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

Signature of Debtor

baie

\
Date

September 30, 2009

Date

Willam F. Lvng
Printed Name of Authorized Individual

Group Controller

Title of Auihorized Individual

Authorized individual must be an offcer, director or sharholder if debtor is a corporaton; a panner if debtor
is u panership: a manager or memocr if debtor is a limited liability company.

MaR

104)

In re: C'n)t1and Oil, Jne.

enS" No. 09-10792

Debtor

Reooi1;iiu Period: Anl(i.t 2009

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

I. i i I i II . I II I I
~~~~i~~jjj",~~~~t~jt~"",~,::::r:,::~:(:::j::r::::::L:f'~"~";'1
THE FOLLOWING SECTION MUb'T BE COMPLETED

;.~~:.'.~;::~:,:;;, ;,C :., '::-),':",':~:':':'":;:';-::'~';:1:;:.1\f~:i~:"S.'~;~:.;.,~,:;".;.',W':~:;;'.:",':$.:;::'l:'~:._;_.~:;~-:~:~;~-;.:~:~:::~~)::.:~~.:.'l-,:,.;d~'-;/;j""'t :'~:'.:;:;;':'~;'-::'._:,;,;,/'~:;;~~"~'i:'':X;.:~:;y.'~~:;v,s~::'')-\1~~,.:",~:.":.~.i~'~".i::~~~"'/c:.~.::;

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TOTAL

DISBURS

$0.00

LES: TRANSFES TO DEBTOR IN POSSESSION

ACCOUNTS

PLUS: ESTATE DlSBURSIlENTS MADE BY OUTSIDE SOURCES (i,e. frm escrow3ccmlDli;)

TOTAL DISBUREMENTS FOR CAI..

TIG U.S. TRUSTEE QUARTEY FEES

SO.OO

$0.00
SO.OO

FORM MOR.l

((l)

In fe; Gotland Oil, I.nc.

Debtor

Case No. 09-10792

Reooiiing Peiiod: Aii~ust 2009

BANK RECONCILIA nONS

ColiUnualion Sheet for MOR.!

BANK BALANCE

(+) DEPOSn'S IN TRASIT (AnACH LIS

(.) OUTSTANDING

CHECKS (AITACfI LIST) :;,

Gotland 011, Inc. does not maintain any cash aciunts,

ADJUSTED BANK BALANCE. '"

'" Adjusted bak balance mnst e ual
balance books

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t-~

FORM MOR.l Q.

(0107)

~li"~lllf.&l%r~~~~~~ ~ll~I!lli~

Debtor

In re: Gotland OiL. Inc.

(04107)

FORM MOR.Jb

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No profesional fees were paid post-petition.

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SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

Reportng P~ljod:_August 2009

Case No. 09-10792

In re: Gotland Oil, Inc.

Debtor

Cae No. 09-10792

Reporting Period: August 2009

STATEMENT OF OPERATIONS
(Income Statement)

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RCDais and maintenance

Salares/commissions/fee
Transooitation exoense
Utilities
Insurance
EITJovee benefit DrQ!rrams

Taxes. Droduction

Inventorv chanl!e

.
.

.
.
.

Rent and lease expense

Travel and entertainment
Supplies
General and adiinistrtivc
Dereiation, depletion and amortization

Net Profit (Loss) Before Other Income & Expenses

!R~IIG0

,~ .~

.
.

_. ,

Accretion of discounts and amortzation of deferred financinl! costs

Interst eXDense- non-cash. paid in kind

.
.

Stock comDensation expense

Interet and dividends

Realize oanl(loss) on derivatives

Interest expense- cash

Other revenue
General exploration expense

.
.

=~=;:~_ationItems
Professional Fee

- j

Reorl!anization Interest
Net Profit (Loss)

-I

1$

-J S

FORM MOR-Z
(04107)

Tn fe: Gotland Oil Inc.

Debior

Case No. 09-\ 0792

Re.poninf! Perirxl: AUl!lJst 200

BALANCE SHEET

400
$

400

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FORM MOR-~

lO7,

Case No. 09-10794

Renorting Period: August 2009

In re: Gotland Oil, Inc.

Debtor

BALANCE SHEET. continuation sheet

400

FORM MOR-3 CONrD

(04i07)

In re: Gotland Oil. Inc.

Case No, 09-10792

Debtor

Reportng Period: August 2009

STA TUS OF POSTPETiTION TAXES

Not Applicable

Not Applicable

SUMARY OF UNAID POSTPETITION DEBTS

Not Applicable

FORM MOR-4
(04107)

In re: Gotland OiL. Inc.

Case No. 09-10792

Debtor

Reporting Period: August 2009

ACCOUNS RECEIVABLE RECONCILIATION AND AGING

~~tmfl'i~fm~)i'~gijfoli~i~i#Nj;'ftf~t~1EGjf.~~fi~!~t;?i;tijtS*r:~;~)~;;,i"i~J~+g~1*~'~J*L;ii~i1tm:f!i):\~j0~1:i1i1tf,~~-0,tf,r~';~';:

Total Accounts Receivable at the beginning of the reportng period

+ Amounts biIed during the period
- Amounts collected during the period
Total Accounts Receivable at the end of the reporting period

Not Applicable
I

o - 30 days old I

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31 - 60 days old
61 - 90 days old
91+ days old
Total Accounts Receivable

Not Applicable

Accounts Receivable (Net)

DEBTOR QUESTIONNAIRE

1. Have any assets been sold or transferred outside the normal coure of business

No

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

2. Have any funds been disburs from any account other than a debtor in possession
account this repornng period? If yes, provide an explananon below.

No

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

Yes

4. Are workers compensaion, genera/liability and other necessar insurance

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

Yes

yes, provide
documentation identifying the opened account(s). If an investment account has been opened

5. Has any bank account been opened durng the reporting perod'! If

No

provide the required documentation pursuant to the Delaware Local Rule 4001-3.

FORM MOR-S
(04107)