UNITED STATES BANKRUPTCY COURT

DISTRICT OF nELA W ARE

In re: Gotland OiL Inc.

Debtor

Case No. 09-10792

Reporting Period: SePtember 2009

MONTHLY OPERATING REPORT

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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.

Signatue of Debtor

Date

Date

November 12, 2009

Date

Willam F. Lyng
Printed Name of Authorized Individual

Group Controller

Title of Authorized Individual

'Authorized individual must be an offcer, director or shareholder if debtor is a corporation; a parmer if debtor
is a jl1ltnership; a manager or member if debtor is a limited liabilty company.

MOR
(04101

fii re: Gotland Oil. Inc.

Debtor

Case No. 09-10792

Renonil12 Period: SePtember 2009

SCHEDllLE OF CASH RECEIPS AND DISBURSEMENTS

TOTAl, DISBURSEMENTS

THE FOLLOWING SEClION MUST BE COMPLETED

.iIl

' ....,.~,

iribifcffS'TG:i1;S;'rRijST!iijEiIimsliOM1c;ii~lNil'i'XLiCtMN;t~'2f.t';t;B.t'.(;B:0;tX\'&:;t1-t;;~,!ii;j;",;j;Bt~\Wi'~

TOTAL DISBUREMEl'T

SO.OO

LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOmn-S

SO.OO

PLUS: EST ATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from esi."row -iccoums)

TOTAL DISBURSEMEN FOR CALCUATING U.s. TRUSTEE OUARTERLY

'RES

50.00
$0.00

FORM MOR.l
(04Kl)

In lC: GorIand Oi i. Inc.

Debtor

Casc No. 09-10792

RCpOrting Pciiod: Scnrembcl' 2009

BANK RECONCIUATIONS
Coiitiuaoii Sheet for MOR.l

BANK BALANCE
;;'1

(+) DEPOSITS IN TRANSIT (AITACH LIST

ii'
(.) OUTSfANDING CHECKS (ATTACH LIS'I) "
ADJUSTD BANK BALANCE.
~
. Ad' USled lmk balance miist equal

balance er books

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

~:

~
:;:

FORM MOR-i.
(04107)

~~I~~I~iljI~~$Pr
$1l~B'eD~l~jft,
t,tl~~'~Siir,;~~kl~.';,I9;\tJ.if'\~'1i:
'!O~~"~lb\1i!"!!!'"~~
iliqm,&g:~~ ~;~~l~$',*

~~~:t~~I~'m~~t~.i~~

~'4"!-"'~~~~_""'~mltm..'.

ReportinderLod:_September 200

Case No, 09-10792

t~'l~~ffl!i~~trl~~: 1~~mlYJs~~~l~

FORM MOR.lb
(04/07)

~~~l'%~~_~~~~r.*~;:'.,: ~.ll~~~~~~~~

MlJi~jl!iW~~m:11ljtmi~~lf;11~Ai3i ~~s~;,"~$tr,'~;~.'. '. :'~ ,'.,,-l..~t.~_i~'?~~~h'1li~~

No profesional fees were paid post-petition.

1lfltfJ~~~~!iill

"Y~"~'l w!1ii;iW.il"'~ii~'
i'-"~ ,,~j l!" ~I': . , .~.- . -', ~': '" ~

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

if~i'lJl\Wft~~itL~V~tqt~~tt~i iiRlitIQli~(,y,~ilf ~ ~r~~'tt.h' ., ~ ,..._:"~,.,,...-..,J~m;~Ji)

~~I~WfJ!fr4f~NlilH~rJ?~'~~t~
"'~~,d:\,Wj'j'!lx,'J"dl1i'J~,t"U'

Debtor

In re: Gotland OiL. Inc.

In re: Gotland Oil, Inc.

Debtor

Case No. 09-10792

Reporting Period: SePtember 2009

STATEMENT OF OPERATIONS
(Income Statement)

enses

costs

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

'~..-..e'." '._.'....,....-,-. ,",-, ..,..,......~.. ........" ~....-...

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

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

INet Profit

(Loss)

~..-. .. .........._.....-"_...~.~..~n....._.
.. ........

r Professional Fees
I Reorl!anization Interest

FORM MOR-2
(04107)

In re: Gotland OiL.

Inc.

c,ise No. 09-10792

Debtor

RenonlU.! Penod: SentcmooJ' 2009

BALANCE SHEET

$
....~:e'iiiOD)~t?:~~~?i&~;,~~tf:~lt:Ytii~~t~1:B~;~~t~~itlJtr~:$tf;i~~~\~;.~;tf~~&ir-~~J~?~!Kf~~:.~~?~;~f0~t~1~.~~t~1~~%Jgf#g~~~l!'ih-t~ft!r~;!~1~~;:t~.~~

$
~?:\~~~:.;~ii~~~:r~H~f:~!\~~~t/t.tt:tt~;j::~;/~;~:~~~t5"i~:t.;~::

roRM MOR-3

(007)

In re: Gotland OiL. Inc.

Case No. 09-10792

Debtor

Repoiting Period: September 2009

BALANCE SHEET - continuation sheet

400

FOR."l MOR-3 CONrD

(0410)

In re: Gotland OiL. Inc.

Case No. 09-10792

Debtor

Reporting Peiiod: September 2009

STATUS OF POSTPETITION TAXES

Not Applicable

Not Applicable

SUMARY OF UNPAID POSTPETITION DEBTS

Not Applicable

FORM MOR-4
(04107)

In re: Gotland Oil, Inc.

Debtor

Case No. 09-10792

RepoitiM Period: September 2009

ACCOUNTS RECEIVABLE RECONCIUA TlON AND AGING

&~\u:i~i-iilti(tji:l15:i~Jlttfil'~jffl~~t#J~,~tMl~l~ftiif&~i~Wi!%~i~w"~~~~K~tt~~~%~J~011l1illt~%aii\\1:~10i
"-'.'.-~. -,
~.'-. -- "..'-.. ,-, -,- ........._..
w.".__...~._. ,_.~...,.on'..-_.....,.,-,_,_,,_,.,,_.,. .,.'_....'"...H.'_"'_;._."",~.,:~"...., ".'~
.. -- ~~.~. ....._.t .....:,.~,-~ ..,..-....
....~_.,.~ - ~._',_.'... ~..__...,.. "'._.,...~..._..._ n_'_ .,.
Total Accounts Recei vable at the beginning of the reporting period
I
+ Amounts biled during the period
-

Amounts collected during the period

Total Accounts Receivable at the end of the reporting peri od

Not Applicable

I
'3.....:,;~:~.,r.~":t.;;~. _"i:~: -....~;;,' ~'-:.."i.:l-'~':':;:,"::;~;::Z';-,~'~~z:~:;.~::.' ::~"""~::~~;~""S~"t~':.,::~.~;.,=',=;;::-..~~;.:.:.;,~~-~..::"t.~~:?::~:;::7:J;t~:;~~~.~.,!~!~-':':-,~-:3"., :::'.;~',=';;'.;:~~"";-:;.~~-:~~"'?,?-:...-&:'v-i~-.j:;i;:~:.'"k"';,~!':;
,. ',- .-.._'- -~- ..
.. -, "'.'
........_,.fi"oim~1Re:el:\3liJ~~gp~~tm%1it~~~'1""'t'h"tQ;f11f-J;tt*'ij!ftl~;L"'Ji*;i-t~~jj;r*'i~i~i1~"i"~'2i~'lQ.lnt;'ittr(;'i'l.;''
...
_....-,,_..' .....-. .'.. '-'.. -'", ..~-.~~'.
'''.._..n..' .._.__...
...... ~.n
'-'~."_.-."''' ,.......'....-.....-.

0- 30 days old

31 - 60 days old
61 - 90 days old
91+ days old

Not Applicable

Total Accounts Receivable

Accounts Receivable (Net)

DEBTOR QUESTIONNAIRE
..-...-..".,,...."-...".~~.. ,."".-..
uiilt~6~~~mRi.imlWbtliiim~At~~*~i~~i~t~~w~~~,iWli~~~f*~i~f,;ii~l*tt~tii~%~&iN~!t1)~lf~'(&~~%~~l%i~~;G~i~Ki~k~6i~~
- .'" __'A'~'" . ._...~ "","_'. .__...~.,~.;.~..,..""....._
.._....-.,.,....",.",..,,-.. '.' -.." .......~-.....'.'~,.,---.."'...,........"..."".-~~,.....'.-,'''.,: '~"--.._..'.. _"'. ....'_.~'n._.... ,....".........,~..
. ....~....,. ""...... ~..~...:,".""....-:~...

J. Have any assets been sold or transfelTed outside the normal course of business

No

this repolting peil0d? If yes, provide an explanation below.

2. Have any funds been disbursed from any account other than a debtor in possession
account this reporting peiiod? If

No

yes, provide an explanation below.

3. Have all post-petition tax returns been timely fied? If no, provide an explanation

Yes

below.
4. Are workers compensation, general liability and other necessary insurance

Yes

coverages in effect? If no, provide an explanaon 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 been opened
provide the required documentation pursuant to the Delaware Local Rule 4001-3.

FORM MOR-5
(04107)