UNITED STATES nANKRUPTCY COURT DISTRICT OF DELAWARE

Case No. 09-) 0792

In re: Gotland Oil. rne. Debtor

Reponing Period: October 2009

MONTHLY OPERATING REPORT

,/ N/A ,/ N/A ,/ N/A

./ NI A ./ NI A

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

./ N/A ./ N/A ./ N/A

./ N/A

./ NI A ./ NI A

./ NI A
I declare nnder penalty of peijury (28 V.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

Date

December 2, 2009

Date

Willam F. Lyng Printed Name of Authorized rndividual

Group Controller

Title of Authorized Individual

. Autliorized individual musi be an offcer. director or sJinreholder if debtor is a corporation; a partner if debtor is a paruership; a manager or member if debtor is a limited liabilty company.

MOR (04/07)

In rc: Gotland OiL. Inc.

Debwr

C1se No. 09-10792 Retloriinn Period: October 2009

SCHEDULE OF CASH RECEIPS AND DISBURSEMENTS

THE FOLLOWING SECTION MUST BE COMPLETED

iiB~l\il.ir~1i~i'C'i~'1i';~~!1~~ri:bMi~~'iii\!f;iE~~!;;~fu::12i~iJC3t~t;;ti\;~t~3d,;;:~d'::;;:;~\~;;i~,\:;\:ifJ1;;(~!;rr,,;;ij!aiik::;i
TOTAL DISB1JREMENTS
LESS: TRANSFERS TO DEBTOR IN POSSESION ACCOUNTS

$0.00
SO.OO

PLUS: ESTATE DISBURSEMENTS MADE BY OUTSJPE SOURCES (i.e. from .sc!'w _'UILl,)

50.00

TOTAL DISBURSEMENTS FOR CAI.CULA TING U.S. TRUSTE OUARTERL Y FEES

$0.00

FORM MOR.I

(0W

rn re: Gotland Oil Inc.

Debtor

Case No. 09-10792

Reportin g Period: Ocrober 2009

BANK RECONCILIATIONS
COntination Sheet for MOR.l

BANK BALAi'lCE
(+) DEPOS1TS IN TRANSIT (ATTACH LIST

Gotlancl OU, Inc. cloes not maintain any cash accounts.

(.) OUTSTANDL"G CHECKS (ATTACH LIST) 'fi ',,~. ~~ ADJUSTED BANK BALANCE.
. Adjusted bank balance must equal
balance per books
~" ;::., :.~. =.1 ;~':

FORM MOR-I. (041071

In re: Gotland OiL. Inc.

Reportin Peiiod: October 2009

Case No. 09-10792

Debtor

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

~t%~~~tit,~~b'i~Ugtl~W~~lI~ t:'~iltli~~Wl~Jt~Qi~\mt~\?;i~~I~~ilit?t; r&lii~~ti~i~i~XE1Vt&G&fimtt!~~1~titEt~~t1:t

l!tll!II'll11,il~ (ll"l((ll'I
~NJi1t:&~r;i,; ~l~~St~I$i\

'l~liii,gll Illl'lll~ifltt
No profesional fees were paid post-petiion.

!~l~(W~lElrGSJ%J~~W ;t*-~i~Eliln~~~~;~t~ll1.~)lt~Rrsl1jJ.if~~: ,. ,.ft.tatf~:S.~J~~t~f

FORM MOR-Ib
(04107)

In re: Gotland OiL Inc.

Debtor

Case No. 09-10792 Reporting Period: October 2009

STATEMENT OF OPERATIONS
(Income Statement)

"

.....'_..,... ,",.....-",. ......-:.....-..~..~.:~:...,..;--....: ...~..... . ..........~.-.'..

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

........-.... " ...:..,....-:,.......

.. -" ....... ''''.

~~.:=::: ,~:",!::. _.......

Professional Fees Reof!anization Interest Net Profit (Loss)

$
-

FORM MOR-! (0410)

In re: Gotlmid Oil. Inc.

Case No. 09-10792

Renoriin C1 Period: October 209

Debtor

BALANCE SHET

s
Lease and Wen E ui mont

400 400

" ~-:. ::.:.;~;,:.: ~~~~i~i~~ft:~~(~~~~\\~~A~J:~~~:~'\ !~gf;S::~!?:~'7.ri~~;,;,:~:tl\~:fjiN:'g~~~r,r;;:;"~j~~~~

$
::.:~::.,;:,.., .::::;::.';:::~.;.:.:.\';:;:~;\~.:: :::~~'~r'~~tNJ;~~~~~:~~~:.;.~. ~:.~:i/i~::.?~t~~~,:.;:;,.7:.~-f~~,f:~/;!:.~~:..,,~~~:.)~:.~~~~~~~r; ::~,,';';~~:~'::.:::. \..~:i.:,~:-:~:.:.~::;: ~;~~!:::P):~:r.::::~~::': ~Wi~~;~;~.:.~t:tl~!;~:\::: ,'.':..::::'i~!::;::;:.:'" :':;'::i::':~:1:~~;:: , :::!";:::.~ ....:..

TOTAL LIABILITIE

1$
$

-I

..:.;:::;,:.; .:.::;;.:.~: ,.::.,..::.::;:j~p~;!.;t~~i:~~.:~~~::?;::~~::' :;..:::;:,:5.~::?:Sf:~;:;:f~:.:~:: ::. ~r:.~;~~t:::t: ." h~:~i~:.:: o.W1ii": ttm'fi~~D:::i.;~:a~~~:.:.j~:: :.--:tt;~~~~..:.~t.:~...,~..;;.:.~::;. ":r".::::.~:;:~~\~i .=:: ~?:~~:;)~\~~~~t:~':',b::~~:=:':' ...:.~;.::;;~:.~~.~~:.;.:,. :.:.... . .

Share Ca iiiil
Contrib,iLed Su Ins

Warants
Additional Paid III Ca iti Accumulated OIer Com reheiisive Los. Parners' Ca ilal Account

Ownerls u it Account
Retained Eanin - Pre-Peiitioii

400

Retained Earnin . . Pos etition A,J'Ilstmeii to owner . uit (anach schedule) Post oition Contributioll (Disu.jbunons (DrJws) (attch schedule)
NET SHAREHOLDERS' EQUITY

FORM MOR.3 (04~7l

In fe; Gotland OiL. Inc.

Case No. 09- I 0792

Debior

Reporting Period: October 2009

BALANCE SHEET - continuation sheet

Intercom an Receivables

Derivative Assets Advances Other Receivables Total Other Current Assets

400

FORM MaR.) CONl

(04107)

In re; Gotland OiL, Inc.

Case No. 09- 10792

Debtor

Reponing Period: October 2009

STATUS OF POSTPETITION TAXES

Not Applicable

Withholding Sales Excise Unem 10 ment

Not Applicable

Real Pro ert Personal Propert

Tolal Slate and Local

Total Taxes

SUMMARY OF UNAID POSTPETITION DEBTS

Not Applicable

FORM MOR-4

(0417)

In re: Gotland OiL, Inc.

Debtor

Case No. 09-10792 Reporting Period: October 2009

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

~~lt~R~~f1jm~~ijij~IDi '
Total Accounts Receivable at the beginning of the reporting period + Amounts biled durincr the eriod
- Amounts collected durin the eriod

Not Applicable

Total Accounts Receivable at the end of the reporting period

;~Kip.~w;a~l'all o - 30 days old

31 - 60 days old

61 - 90 da sold 91+ days old Total Accounts Receivable

Accounts Receivable (Net)

Not Applicable

DEBTOR QUESTIONNAIRE
No No
Yes Yes

I. Have any assets been sold or transferred outside the normal coursc of busincss this reporting pcriod? If yes, provide an explanation below. 2. Have any funds been disbursed from any account other than a debtor in possession
account this reporiing period? If yes. provide an explanation below.

3. Have all postpetition tax returns been timely fied? If no. provide an explanation below.
4. Are workers compensation, gencral liabilty and other necessary insurance
coverages in effect? If no, provide an explanation below.

5. Has any bank account been opened during the reporting period? If yes, provide documcntation identifying the opened account(s). rf an investment account has been opened
provide the required documentation pursuant to the Delaware Local Rule 400 i -3.

No

FORM MOR-5 (04/07)