UNITED STATES BANKUPTCY COURT

DISTRICT OF DELA WARE

In re: Petroeal Acquisition Corp.

Case No. 09-10786

Debtor

Reporting Period: SePtember 2009

MONTHLY OI'ERA TlNG REPORT

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N/A N/A

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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 N/A N/A

N/A N/A N/A N/A N/A N/A

N/A N/A N/A N/A NIA N/A N/A N/A

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I declare under penalty of perjury (28 V.S.C. Section i 746) that this report and the attached documents
are U'ue and COlTect to the best of my knowledge and belief.

Signature of Debtor

Date

Date

November 12, 2009

Date

William F. LynJ( Printed Name of Authorized Individual

Group Controller

Title of Authorized Individual

AUtllOriZed individual must be an offcer, director or shareholder if debtor is a corporation; a parmer if debtor

is a panel'Sliip; a manager or member if debtor is a limited liabilty compaiiy.

MaR (0410)

In re: Permcal AcquisItjon Corl).

Case No. 09-10786

Debtor

Repori.ing Period: September 2009

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

THE FOLLOWIG SECTION MUST BE COMPLETED

DSB:E~;FR-:i'Cl:XTlG)'iS~TRST'nRii1lY,ii:\1niRj)M'~T,MONm,it:'I't,:iuMN\\!fa',;,':'~,K"'i.;;i:,;;1t,;Ji;?!;';:t;,!,,g\,~,:",t%;'SiJ~it'(",;;
TOTAl-llIS8URSEMF.NTS

~?t~i:i::k~;'8~~~~r;Z:'~?-)~~;~~$~::':S~;.~;~,/~~;it~=;21j)'~~).~;:~~:'~:~;f~j...~J~~;~":i::~:!:~~~~2"~~~~~tj~~i:~:.~:t0?'~.~Bjt~"j.;~'i,;~1~~':-:~:.:.;':~t,%::~2i",~:~~~:~~;;.\a;~:,'~~~1i~:t:~:;i.~1.~~~S=l.f.~~~'~":~::~~~.:)~.~'s~;~':~'f.;;:~:i~\;;.::....::~fi~1:':t,-~

SO.OO

LES:

TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS

$0.00
SO.OO SO.OO

PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accunts)

TOT AI, DISBURSEMENS FOR CAI-Ci,A TlG U.S. TRUSTEE QUARTERLY FEES

FORM MOR~i

(l)

!n re: Peirocal ACQuisition Com.

Case No. 09,J0786

ReDOrhng Period: Sept.ember 2009

Debtor

BANK RECONCILIATIONS
Continuation Sheet for MOR-!

BANK BALANCE

(+) DEPOSrrS IN TRANSIT (AITACH LIS1 (-) OlJTSTANDING CHECKS (AITACH LIST) i, ~ ADJUSTED BANK BALANCE. ~-:. . Adjusted bank balance miisl equal ~.~:
balance r books #.

Petrocl Acquisition Corp. does not maintaIn any cash accounts.

:;l

FORM MOR-itl

(04m)

In re: Petrocal Acquisition Corp. Debtor

Case No. 09-10786 Reporting Peiiod: September 200

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

"\"jl!~g::"1~''''!t'1IfW~W'''N~\' ~Wi"i"!lr,;""""'W't""" ''';"'Ii'*J\il:Ql''~t~''''if' u.rr~~J''~W!'"""\'i!,,(,l~'llr "~\"~'i"~l~*"'~"'b"!liit "~""'~1r(i1"'~mm'Q'iilt~~l''''''~)i:~1! "'"'fj"~~t~:Wl'm"'" 'e-', 'ij.... .

No profesional fees were paid post-petition.

FORM MOR-Ib (04/07)

In re: Petrocal Acquisition Corp. Debtor

Case No. 09-10786 Reporting Period: September 2009

STA TEMENT OF OPERA nONS
(Income Statement)

25

._n _. -. " Accretion of discounts and amortization of deferred financino costs Interest expense- non-cash - paid in kind Stock compensation expense Interest and dividends Realized iiain/(Ioss) on derivatives Interest expense- cash Other revenue General exploration expense Net Profit (Loss) BefoTe ReoTanzation Items

(25)

I Professional Fees

I I

- r - I

-I
- I

I Reorl!anizaton Interest
I Net

Profit (Loss)

1$

-I$

(25)1

FORM MOR-2 (04/07)

In re: PelTocal Acouisition Com.

Debtor

Cise No. 09- J 0786 Reoonin Period: Sentember 2009

BALANCE SHEET

15,762,849
. , ~i\~i~~$t$.~Ji?1%rfliJ~'~%1~~~jil~t~istt~~1g~~g~~'~k0l~1~.~;;-t+;~lt'~0~~M;~~~';~1f~tfStlr~r~~~1r~&~~i~rYJf\i~~~~~i~~~;:

15,762.849 (25)

r-ORM MOR-;i (0107)

In re; Petrocal Acquisition Corp, Debtor

Case No. 09-10786

Reporting Period: SePtember 200

BALANCE SHEET. continuation sheet

Intercom an Receivables

Derivative Assets Advances

Other Receivables

Total Other Curent Assets

15,762,849

FORM MOR-3 CONTD

(0417)

In re: PetrocaI Acquisition Corp. Debtor

STATUS OF POSTPETITION TAXES

Case No. 09-10786

ReportinQ Period: SeJ)tember 2009

Not Applicable

_...

. _... I I

Withholding Sales Excise Vnemnlovineni

Not Applicable

Real Propert
Personal Property

Total State and Local

I I

I I

I I

I I

I I

Total Taxes

SUMMARY OF UNAID POSTPETITION DEBTS

Not Applicable

FORM MOR4
(04107)

In re: Petrocal Acquisition Corp.

Case No. 09-10786

Debtor

Reporting Peiiod: September 2009

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

~~ilmti'ii~,liii~iK~lcijjiijm~~1~i~Ui1iti(~1~'k'\~lifi~j~it*~,~t~1~~i~~bt~~~~B~!ti~~1litfil~B~~~~1%g-rfi~~~jijf;~t;)::: Total Accounts Receivable at the beginning of the reporting period

+ Amounts biled durin the eriod

- Amounts collected durin the period Not Applicable

Total Accounts Receivable at the end of the reporting period

Not Applicable

DEBTOR QUESTIONNAIRE
~5tir~iii'lt~:~'itJh'iiti%1~%'\t~~~~fgi,,~~~-t41fis.4~i:iiflf:ffi\rMt1t~~,~l~it~th~\f~ltgi.~~&~gJ~~ft~~~%~g~t~?~;tj~*it~WgY~\~('i#tJf "'-, ,,-,"~~'-':"',,"."":_~t ,. "I: . '-._.'"".~.,-.,- '.-."."=.,";.~.'...'_~._.,,_. _.,.J.._.:,~~....,~,~_... ..._;~._"".",:;"":,...' . -"'"~","".....'.~".v"_,-:,';,,,,...,=_. ...... _._,,,~,... '''_..''''.'_..'-:,."_~,' i_~, ._~_~:...:.~_ ...,.,..'~ ~~,~._~ ~,.,_...~~....~. .~._.__.."'_,_.-:.__._._:.., ._.' __._._n. ...-.-..~.
1.

Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.

No
No

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 aU postpetition tax returns been timely fied? If no, provide an explanation

Yes Yes

below.
4.
Are workers compensation, general

liability and other necessary insurance

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

5. Has any bank account been opened during the reporting peiiod? 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 (04/07)