UNITD STATES BANKRUPTCY COURT

DISTRICT OF DELA WARE

In re: Cameros Acauisition Com. Debior

Case No. 09-10788

Reponing Period: Aoril2009

MONTHLY OPERATING REPORT

RE(jUIREDDOCUMS
Schedule of Cash Receipts and Disburements
Schedule of Professional Fees Paid
CODies of bank statements

Docent
.....

Form No.
MOR-I MOR-Ia MOR-Ib
.."

Attched
0/ 0/ 0/

Bank Reconcilaiion (or cODies of debior's ban reconciliations)

~.

Cash disbursements journals

N/A N/A
0/ 0/ 0/

Slaiemenl of OperatIons
Balance Sheei

Siatus of PostotItion Taxes Conies ofIRS Form 6123 or Dayment receipt

CODies of tax returs fied during renoning Deriod

MOR-2 MOR-3 MOR-4

.......

......

N/A N/A
0/

Summar of Unpaid Postpeiiiion Debts Lisiinl! of ailed accounts payable

Accounts Receivable Reconcilation and Aging

Debior Questionnaire

MOR-4 MOR-4 MOR-S MOR-S

0/ 0/ 0/

'iation AfdaviUSupplement e e 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 N/A N/A

Attchd Attch d

I declare under penaliy of perjury (28 U.S.C. Section 1746) ihat this report and the attached documents are true and correct 10 the best of my knowledge and belief.

Signature of Debtor

Dale

Date

"of (?!o .
l;r l V- c(
Title of Authorized Individual
AuUionzed individual must be an offcer, director or sholder if debtor is a corporation: a panner if debtor

is a parnership; a manager or member if debtor is a limited liabilty company.

MOR

(lJ107)

In re: Cameros ACCllisition Com.

Case No. 09-10788

Debtor

Reponing Period:_ApriJ 2009_

SCHEDULE OF CASH RECEIPS AND DISBURSEMENTS

BAN ACCOUN opa PA ROLL TAX 011ER
CASIl BEGING OF.M0N11

RECEI1

I I II
II
I I I II

ACTAL PROJE
II

CUNT MONT

CtiTI FILING TO DATE

ACTAL PROJ

Cameros AcqUisition Corp. aoes not malnlaln any cash accounts.

TOTAL RECElP

I ....

Disll .

I=,,-=-~

Ilfl'!- . .1
i i I I II I
THE FOLLOWING SECTION MUST BE COMPLETED

II

II

II

DisnuRsEiiiiEN FOR :di nNGU.s. riuST fUARTEIlLv FE:

TOTAL DISBURSEMENTS
LESS: TRANSFES TO DEBTOR IN POSSESSION ACCOUNTS

CFillMcuMON'IACnAI.COLUMNl

. SO.OO SO.OO SO.OO

PLUS: ESATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (Le. froinescw nccounls)

TOTAL DISBUREMENTS FOR CALCULATIG u.s. TRUSTEE QUARTERLY FEES

$0.00

RlRM Mon-1

(()m)

In re: Camero~ Acqui~iiion Corn.

Case No. 09-10788

Debtor

Repornng Pcriod:_ApriI2009_

BANK RECONCILIATIONS
CouUnualoD Sheet tor MOR-!

OiI'ing
I~ALANCE PER BOOKS
BANK BALANCE
1#
I ; .~"' "". '/.."

dlat11
1#
I I

Tax
1#
I

Other
1#
I I

(+) DEPSITS IN TRANSIT (ATTACH US1

(0) OUTSTANDING CHECKS (ATTACH Usn

Cameros Acquisiton Corp. does not mafntalnany cash accounts.

ADJUSTD BANK BALCE .

. Adjusted bank balance must ciual

balance pcr boks

..
~

FORM MOR.14 (04101)

In re: Cameros Acquisition Corp. Debtor

Case No. 09-10788

Reporting Period:_April 2009_

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

..'

,...c'

..:;;d/,....

Payee
.'..

..,;

k/
."

/ 1.....0':,,(. ....
F
,,'

F.....,payor ',.
Fes

Check Number Date':'.

': '.,Affl1rPid FeeS . Exoenses

Year;.To:iate

Expenses

No profesional fees were paid post-petition.

rDRM MOR-lb
(04107)

In re: Cameros Acquisition Com. Debtor

Case No. 09-10788

Reporting Period:_ApriI2009_

STATEMENT OF OPERATIONS
(Income Statement)

l . REVENU

...

M tb on
S

Cumulative
.

Fil Date Gnt()

-

Oil and l!as Droduction revenue Rovaltv DavmenlS Net Revenue

OPERTIGEXPENSESr
Reoairs and maintenance

.,.....,

..'

.,;

. ..d ..
.....

...

....

..... ....

....

Salares/commssionsfees
TransDortation exoense Utilities Insurance Emolovee benefit Droimms
Taxes - Droduction

Inveniory change Rent and lease expense

Travcl and entertainment

.
-

SUDoles

General and administrativc

Denreciation. depletion and amrtzation Net Profit (Lss) Before Other Income & Expenses
.......':I'...',. . ..

.....7...,;(...

" ...

..'..,..,....

....
-

......'.

...,

.'..
-

Accretion of discounts and amortzation of defcrrcdfinancinl! costs Interest expense- non-cash - paid in kind Stock cortoensation expense Interest and dividends
Realized gainl(loss) on derivatives

Interestexoense. cash Oiher revenue General exploration expense Nct Profit (Loss) Beforc Reomalzation Items

REORGANATION ITEMS
Professional Fees Reorgalzation Interest Net Profit (Loss)

Note: The income statcments above reflect the Company's activiiy for thc entire month of March.

FORM MOR-2
(04107)

In rc: Carneros ACCllisition Com.

Cas No. 09-10788

Debtor

Reporting Penod:_April2009_

BALANCE SHEET

. .B()()KYAltIATEN'Ol' ,
.

....

ct REPORTIG MOl\'T
..
S

Unrestricted Cah and Equivalents

Restncied Cash and Cash EouivalenlS

Accounts Receivnble (Nell (nventories

Preoaid Exoenses Professional Retaners OOler Current Assets (See Attached Schedule)

S
,

TOTAL CURREN ASSETS

'PROPERTY,ANEQUIME...,
Asset Retirement COSIS

;."

,..

,../,-c,/ -

.,...

....

..

1,840.096 1,840.096
'"
.,:

Proved Prooerties Ineludin~ Leas and Well Eouinment

.'

In Procss Develonmcnt Unprnved Prooerties Office Equipment aDd Software Vehicles Other Eouioment und Leasehold ImprovemenlS Pioeline Eouioment Less Accumulate Denreciution

.
S
..

TOTAL PROPERTY & EQUIPMEN " '..

. .

s
e

on
S

..
-

Secured Debt Priority Debt

Unscure Debt

Intercompany Payables TOTAL PRE.PETITION UABIUTIES

"
..",

'c'

5,099,434 5,099,434

.hd.,...., .. "0.."'",,' ..', '.

S
,/ ...,..:,.'

.,

,.,..
S

..,

Shae Clnital Contributed Surplus

100

'-

WarDIS
Additionul Paid In Cloital Accumulated Oiler ComDrehensivc La.. Panners' Cuoital Account Owner's Equiiy Account
ReUlined Eainl! - Pre-Petition

6,124,900

(9.384.338)
S
.. ..

Retained Eain~s - Postoeiition Adiustment to owner Eouitv (niwch schedule)

Posiieition Contnbutions (Distnbutions (Drws) (aiweh schedule)

NET SHAREHOLDERS' EQUITY
.

..

(3,259,338)
.

T()TALUAi:AN'.Ovv'.:iQUI

1,840.96

roRM MOR.) ro,'U7

In re: Cameros Acquisition Com. Debtor

Case No. 09. I 0788

Reportng Period:_April 2009_

BALANCE SHEET. continuation sheet

BOOK VALUE AT

END OF

ASSETS

CURT REP()RnNG MONT

,...,.,

Other Cunt Assets

Intercompany Receivables
Deri vati ve Assets

1,840,096
-

Advances Other Receivables

.
~.

Tolal Other Curent Assets

1,840,096

FORM MOR-3 CONT

(Ol/07)

In re: Cameros Acquisition Corp. Debtor

Case No. 09-10788

Reporting Period:_April 20m

STA TUS OF POSTPETITION TAXES

Ending
Aoiouiit

Pad

Date Paid

CheckN. or. EFT

Tii
Liabilty

Not Applicable

Withholding Sales Excise UnemDlovment

Real ProDeriv

Not Applicable

Personal Property

Toial State and Local

I I

I I

i I

I I

I I

Total Taxes

SUMMARY OF UNAID POSTPETITION DEBTS

Niimber of Days

Pas Due
-

Cureiit
Accounts Payable
Waiies Payable
I

0-30
I

3160 6190 Over

I

90
i I

Tota

Taxes Payable

Rent/Leases-Building ReniJLeases-EouiDment Secured DebiJ Adequate Protection Payments

Professional Fees

Not Applicable

Total Postpetition Debts

I -,

I I

I I

i I

I I

FORM MOR"
(041071

In re: Cameros ACQuisition Com.

Case No. 09-10788

Debtor

Reporting Period:_April 2(

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

AccountS .RceeivbleReconcilation

Total Accounts Receivable at the beginning of the reporting period + Amounts biled during the perod - Amounts collected during the period Total Accounts Receivable at the end of the reporting period
. Accounts'ReceivableAgmg

Amuit
I

Not Applicable

.-

Amount
I

o - 30 days old 31 - 60 days old 61 - 90 days old 91+ days old Total Accounts Receivable
Accounts Receivable (Net)

Not Applicable

DEBTOR QUESTIONNAIRE
Mst be completed eaCh month:
,. ; , .

eslNo
No
No

1. Have any assets been sold or iransferrcd outside the norr course of busincss this rcporting period? If ycs, provide an explanation below.
2. Have any funds bcen disbursed from any account oier than a debtor in possession
account this reportng period? If ycs, provide an cxplanation below.

3. Have all postpetition tax returns been timely fied? If no, provide an explanation
below.
4. Arc workcrs compcnsation, general

N/A
Yes

liabilty and othcr neccssar insurancc covcrages in effect? If no, provide an explanation below.

5. Has any bank account becn opcncd during the reporting period? If yes, provide documentation idcntifying thc opencd account(s). If an invcstmcnt account has been opened provide ie rcquired documetation puruant to the Delaware Local Rule 4001-3.

No

FORM MOR.5
(04107)