UNITED STATES BANKRUPCY COURT

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

Case No. 09. i 0792

Reportng Penod; March 2009

MONTHLY OPERATING REPORT

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I declare under penalty orpeijury (28 U.S.C. Section 1746) that this report and the attached documents
are true and correct to the best ormy knowledge and belief.

Signature or

Debtor

Diite

Signature of Joint Debtor

Date

Signa

Date

/ (DJ

~ )jf,fo
Tite of Authonzed Individual

. Auihonz individLlI must be an offcer. diretor or shiiholder if debtor is a eoipolUton; a parer if debtor
is a parership; a manager or member if debtor is a limited liobilty company.

MOR
(04107)

In re: Goiland Oil. Inc.

Debtor

Case No. 09-10792

Reprting Perod: March 2009

SCHDULE OF CASH RECEIPS AN DISBUREMENTS

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TilE FOLLOWIG SECTION MUST BE COMPLETE

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TOTAL DISBURSEMEN

$0.00

LES: TRSFE TO DEBTOR IN POSSESSION ACCOUN

SO.OO

PLUS, ESATE DISBURSEMEN MAE BY OUTIDE SOURCE /i... frm esw nccunlS)

$0.00

TOTAL DISBURSEMEN FOR CALCULTIG U.S. TRUSTE nUARTE Y FEES

SO.OO

FORM MOR.I

(()'()

Case No. 09-10792

Reporting Period: March 2009

In rc: Gotland Oil. Inc.

Debtor

BANK RECONCILIATIONS
Contlnuanan Sheer far MOR-l

Gotland ALL, Inc. does not maintaIn any cash aceounls.

FORM MOR.I.
(o.I07)

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-:',! :. .. ~l' " , ./c;:_v ';:

Debtor

--

In re: Gotland Oil. Inc.

No profesional fees were paid post-petition.

SCHEDULE OF PROFESSIONAL FEES AN EXPENSES PAID

FORM MOR-Ib
(04/07)

Reporting Period: March 2009

Case No. 09- 10792

In re: Gotland OiL. Inc.

Case No. 09- 10792

Debtor

Reporting Penod: Marh 2009

STATEMENT OF OPERATIONS
(Income Slltement)

costs

Note; The income statements above rel1ecl the Compnny's activity for the entire month of Mii/i.

FORM MOR.2
(04107)

Cose No. 09-10792

Reponig Period: March 2009

In re: Goiland Oil Inc.

Debior

BALANCE SHEET

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In re: Gotland OiL. Inc.

Case No. 09-10792

Debtor

Reportng Penod: March 2009

BALANCE SHEET - continuation sheet

IntercOmDBnV Receivables

Other Receivables

Total Other Current Assets

400

Denvative Assets
Advances
$

400

FORM MaR.) CONT

(1f107)

In re: Gotland Oil. Inc.

Debtor

Case No. 09-10792

Reportng Perod; March 2009

STATUS OF POSTPETITION TAXES

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FICA-Employee
FICA-Employer

Not Applicable

UncmploYlenl
Income

Tolll Fedenl Tlles

Witholding

Sales
Excise

Uocmolovienl
Real Prooer
Peronal Propery
Total Sllte aod Locil
Total Taxes

Not Applicable

SUMARY OF UNPAID POSTPETITION DEBTS

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Accounts Payable
Waiies Pavnble
Taxes Pavnble

Rent!-Buildinl!

Not Applieable

Reol!es.Elluioment
Secured DeW Adequate Protection Payments
Profesional Fees

Total Postetltlon Debts

FORM MOR-l
(IW07)

Case No. 09-10792

In re: Gotland OiL Inc.

Debtor

Reportg Period: March 2009

ACCOUNTS RECEIVABLE RECONCILIATION AN AGING

~~,unnj"(jfeWbl~ilail)

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Total Accounts Receivable at the beging of the reportg period

+ Amounts biled durg the eriod

Not Applicable

- Amounts collected durg the eriod

Total Accounts Receivable at the end of the reporting period

...~~t~le.
o - 30 days old
31 - 60 da sold
6 I - 90 da old

Not Applicable

91+ da sold

Total Accounts Receivable

Accounts Receivable (Net)

DEBTOR QUESTIONNAIRE

~Bomp~fl~Clmim..ll_iH i L -'. ...~.--w~

i. Have any assets bee sold or trnsfcrred outsidc the normal course of

business

No

ths reortng penod? If yes, providc an explanation below.

2. Have any funds been disbursed from any account other than a debtor in possession
account this reporting penod? If yes, provide an explanation below.

No

3. Hiive all postpetition ta returns been timely fied? irno, provide an explanation
below.

NIA

4. Are workers compensation, general

liabilty and other necessiiry insurance

Yes

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

5, Has any bank account been opened dunng the reportng period? If

yes, provide

No

documentation identifYing .the opened account(s). If an investment iiccount hIl bee opened
provide the required documentation pursuant to the Delaware Local Rule 400 i -3.

FORM MOR-S
(04/07)