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    United States Bankruptcy Court District of Delaware: MOR (041W)

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    Chapter 11 Dockets
    - Carneros Energy, Inc. filed for Chapter 11 bankruptcy and submitted a monthly operating report for November 2010. - The report showed that the company had no cash receipts or disbursements during the month. It held $13.9 million in proved oil and gas properties but owed $1.8 million in pre-petition liabilities. - No professional fees were paid during the period. The company reported a net loss of $810,576 but does not currently have any operating bank accounts or accounts receivable.

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    United States Bankruptcy Court District of Delaware: MOR (041W)

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    Chapter 11 Dockets
    27 views9 pages
    - Carneros Energy, Inc. filed for Chapter 11 bankruptcy and submitted a monthly operating report for November 2010. - The report showed that the company had no cash receipts or disbursements during the month. It held $13.9 million in proved oil and gas properties but owed $1.8 million in pre-petition liabilities. - No professional fees were paid during the period. The company reported a net loss of $810,576 but does not currently have any operating bank accounts or accounts receivable.

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    10000016854

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    - Carneros Energy, Inc. filed for Chapter 11 bankruptcy and submitted a monthly operating report for November 2010. - The report showed that the company had no cash receipts or disbursements during the month. It held $13.9 million in proved oil and gas properties but owed $1.8 million in pre-petition liabilities. - No professional fees were paid during the period. The company reported a net loss of $810,576 but does not currently have any operating bank accounts or accounts receivable.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    27 views9 pages

    United States Bankruptcy Court District of Delaware: MOR (041W)

    Uploaded by

    Chapter 11 Dockets
    - Carneros Energy, Inc. filed for Chapter 11 bankruptcy and submitted a monthly operating report for November 2010. - The report showed that the company had no cash receipts or disbursements during the month. It held $13.9 million in proved oil and gas properties but owed $1.8 million in pre-petition liabilities. - No professional fees were paid during the period. The company reported a net loss of $810,576 but does not currently have any operating bank accounts or accounts receivable.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 9

    UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE In re: Carneros Energy, Inc.

    Debtor MONTHLY OPERATING REPORT Exi(j Attachd N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Case No. 09-10791 Reporting Period:November 2010

    ROIJ1RPI) DOC1ffiENl Schedule of Cash Receipts and Disbursements Bank Reconciliation (or copies of debto?s bank reconciliations) Schedule of Professional Fees Paid Copies of bank statements Cash disbursements journals Statement of Operations Balance Sheet Status of Postpetition Taxes Copies of IRS Form 6123 or payment receipt Copies of tax returns filed during reporting period Summary of Unpaid Postpetition Debts Listing of aged accounts payable Accounts Receivable Reconciliation and Aging Debtor Questionnaire

    rth MaR-i MOR-la MOR-lb

    Atfche I
    / /

    MOR-2 MOR-3 MOR-4 -

    N/A N/A I I I N/A N/A


    / /

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

    I I

    A1iih N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

    I declare under penally 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

    Agnature

    ed 1ndividual

    December 21, 2010 Date

    Jennifer Kuntz Printed Name of Authorized Individual

    Treasurer Title of Authorized Individual

    *Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member ifdeblor is a limited liability company.

    MOR (041W)

    In re: Cameros Energy, Inc. Debtor

    Case No. 09-10791 Reporting Period Npvember 2010

    SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

    Cameros Energy. Inc. does not have any active cash operating accounts. TOTAL RECEIPTS

    TOTAL DISBURSEMENTS

    I
    -

    II

    Ii

    THE FOLLOWING SECTION MUST BE COMPLETED

    TOTAL DISBURSEMENTS LESS TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (ji.e. from eacrow aCcounis) TOTALS DISBURSEMENTS FOR CALCULATI?(G U . S. TRUSTEE QUARTERLY FEES

    $0.00 $000 $0.00 $0.00

    FORM MOR.l (04W)

    In i-c: Cameros Energy, Inc. Debtor

    Case No. 09-10791 Reporting Period: November2010

    BANK RECONCILIATIONS
    Continuation Sheet for MOR-1

    pe
    IBA1..ANIE PER BOOKS
    7

    ayroIt:c..-.:

    ;;.:

    :,r-:

    -:;!J

    ..

    BANK BALANCE (+) DEPOSITS IN TRANSIT ATTACH LIST) Cameros Energy, Inc. does not have any active cash operating accounts.

    (4 OUTSTANDING CHECKS (ATTACH LIST)


    ADJUSTED BANK BALANCE Adjusted bank- balance must equal balance per books

    FORM MOK-I. (0Q07)

    In re: Cameros Energy, Inc. Debtor

    Case No. 09-10791 Reporting Period: November 2010_ SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

    I--,

    --

    No profesional fees were paidpost-petition.

    FORM MOR-Ib (04/07)

    In re: Cameros Energy, Inc. Debtor


    (Income Statement)

    Case No. 09-10791 Reporting Period: _November 2010_ STATEMENT OF OPERATIONS

    ; Oil and gas production revenue Royalty payments Net Revenue c

    fL

    Repairs and maintenance Salaries/commissions/fees Transportation expense Utilities Insurance Employee benefit programs Taxes - production Inventory change Rent and lease expense Travel and entertainment Supplies General and administrative Depreciation, depletion and amortization Net Profit (Loss) Before Other Income & Expenses OC1IA tPZSE$) Accretion of discounts and amortization of deferred financing costs I nterest expense- non-cash - paid in kind S tock compensation expense Interest and dividends Realized gainl(loss) on derivatives I nterest expense- cash Other revenue General exploration expense Net Profit (Loss) Before Reor g anization Items

    4}tP -

    -,

    304,188 33,411 (337,599) . 3 (110,363) (362616) (810,576 (810,576

    EORGA?{JZkTLON XT
    Professional Fees Reorganization Interest Net Profit (Loss)

    1.

    FORM MOR-2 (04107)

    In re: Cameros Energy. Inc. Debtor

    Case No. 09-10791 Renosling Period: NobeQj

    BALANCE SHEET
    -. ." .

    k-.

    iSM W.
    $

    LEPAsS Unrestricted Cash and Equivalents Restricted Cash and Cash Equivalents Accounts Receivable (14e1) Inventories Prepaid Expenses Professional Retainers Other Current Assets (See Attached Schedule) TOT-AL CURRENT ASSETS

    tOPEftW AND QMIt

    S lc}t
    ,
    I S

    13,936,545 13,936 545

    , -

    Proved Properties Including Lease and Well Equipment sse( Retirement Costs in Process Decelopirtent Unproved Propetiies Office Equipment and Software Vehicles Other Equipment and Leasehold Improvements Pipeline Equipment 1-ess Accumulated Depreciation TOTAL PROPERTY & EUTPMENT OTRAsSTS Other Assets See Attached Schedule)

    $ -

    IF

    5 3

    ______

    Accounts Payable and Accrued Liabilities Taxes Payable Wages Payable Notes Payable - Debtor-in-possession financing R ent / Leases - Building/Equipment S ecured Debt lAdequate Protection Payments Professional Fees In tercompany Payables Asset Retirement Obligations Acenied Interest (her Liabilities TOTAL POSTPE11TLON LIABILITIES

    S
    S

    S ecured Debt
    Pny Debt Unsecured Debt ntercompany Payables TOTAL PEE-PETITION LIABILITIES TOTAL LIABILITIES

    1,840,096 1,810,096

    $ $

    O1WHR ZQIJITY
    h arc Contributed Surplus Warrants Additional Paid In Capital Accumulated Other Comprehensive Loss Partners Capital Account Owner s Equity Account R etained Earnings - Pee-Petition Retained Earnings - Postpetitiori A djustment to owner Equity (attach schedule) rstpeition Contributions (Distributions (Draws) (attach schedule) NET SHAREHOLDERS EQUITY

    1,840,096
    12,907,025 (8I0,576

    S Vf Y.

    12.096,449

    FORM MOR-s (OW)

    In re: Carnerps Encr. Inc. Debtor

    Case No, 09-1079


    Reporling Peripd:_Npyember 2010

    BALANCE SHEET - continuation sheet

    FORM M0R- CONFO (O47)

    In re: Cameros Energy, Inc. Debtor STATUS OF POSTPETITION TAXES


    .

    Case No. 09-10791 Reporting Period: November 2010

    $g

    J -i

    Withholding FICA-Employee FICA-Employer Unemployment Income Total Federal Taxes Withholding Sales Excise Unemployment Real Property Personal Properly Total State and Local Total Taxes

    Not Applicable

    _ __________

    Not Applicable

    SUMMARY OF UNPAID POSTPETJTION DEBTS

    Payable ayable yable

    ses-Building ing ses-Eguipnient ebt/Adequate Protection Payments nal Fees s (petition Debts

    Not Applicable

    FORM MOR4 (04107)

    In re; Cameros Energy, Inc. Debtor

    Case No. 09-10791 Reporting Period: November 2010_

    ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

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

    I
    Not Applicable

    0-30 days old 31 -6o days old 61- 90 days old 91+ days old Total Accounts Receivable Accounts Receivable (Net)

    Not Applicable

    I
    DEBTOR QUESTIONNAIRE

    I. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below. 2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below. 3. Have all postpetition tax returns been timely filed? If no, provide an explanation below 4- Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below. Note: We early only fiduciary liability insurance. Company has no employees. Workers comp not requred. 5. Has any baii]c account been opened during the reporting period? If yes, provide 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.

    No No Yes Yes

    No

    FORM MOR-5 (04107)

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