Exhibit 99.1
MOR-1 | UNITED STATES BANKRUPTCY COURT |
CASE NAME: | Dune Energy, Inc., Dune Operating Company, Dune Properties, Inc. | PETITION DATE: | 3/8/2015 | |||
CASE NUMBER: | 15-10336, 15-10337, 15-10338 | DISTRICT OF TEXAS: | Western District | |||
PROPOSED PLAN DATE: | TBD | DIVISION: | Austin, TX |
MONTHLY OPERATING REPORT SUMMARY: June 2015
MONTH | March | April | May | June | ||||||||||||||||||||
REVENUES (MOR-6) | 1,480,932 | 1,555,902 | 1,757,039 | 1,882,578.00 | 0.00 | 0.00 | ||||||||||||||||||
INCOME BEFORE INT; DEPREC./TAX (MOR-6) | -1,895,084 | -2,056,316 | -1,201,815 | -1,361,591.00 | 0.00 | 0.00 | ||||||||||||||||||
NET INCOME (LOSS) (MOR-6) | -4,005,651 | -3,956,990 | -3,102,284 | -3,270,159.00 | 0.00 | 0.00 | ||||||||||||||||||
PAYMENTS TO INSIDERS (MOR-9) | 132,323 | 132,323 | 132,323 | 132,323 | 0.00 | 0.00 | ||||||||||||||||||
PAYMENTS TO PROFESSIONALS (MOR-9) | 155,574 | 647,939 | 253,402 | 1,328,680 | 0.00 | 0.00 | ||||||||||||||||||
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TOTAL DISBURSEMENTS (MOR-7) | 2,011,362 | 3,029,927 | 2,477,842 | 3,345,222 | 0.00 | 0.00 | ||||||||||||||||||
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*** | The original of this document must be filed with the United States Bankruptcy Court and a copy must be sent to the United States Trustee*** |
REQUIRED INSURANCE MAINTAINED AS OF SIGNATURE DATE | EXP. DATE | |||||
CASUALTY | YES (X) NO ( ) | 03-03-2016 | ||||
LIABILITY | YES (X) NO ( ) | 10-31-2015 | ||||
VEHICLE | YES (X) NO ( ) | 01-15-2016 | ||||
WORKER’S | YES (X) NO ( ) | 03-03-2016 | ||||
OTHER | YES (X) NO ( ) | 02-01-2016 |
CIRCLE ONE | ||||||||
Are all accounts receivable being collected within terms? | No | |||||||
Are all post-petition liabilities, including taxes, being paid within terms? | No | |||||||
Have any pre-petition liabilities been paid? | No | |||||||
If so, describe: Certain payments were made pursuant to First Day Orders |
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Are all funds received being deposited into DIP bank accounts? | No | |||||||
Were any assets disposed of outside the normal course of business? | Yes | |||||||
If so, describe ________________________ |
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Are all U.S. Trustee Quarterly Fee Payments current? | No | |||||||
What is the status of your Plan of Reorganization? The Debtors have not yet filed a Plan of Reorganization |
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ATTORNEY NAME: | Kenric Kattner | |
FIRM NAME: | HaynesBoone | |
ADDRESS: | 1221 McKinney St | |
ste 2100 | ||
CITY, STATE, ZIP: | Houston, TX 77010 | |
TELEPHONE/FAX: | 713 547-2518 |
I certify under penalty of perjury that the following complete Monthly Operating Report (MOR), consisting of MOR-1 through MOR-9 plus attachments, is true and correct.
SIGNED X | TITLE: | Chief Restructuring Officer | ||||||
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(ORIGINAL SIGNATURE) | ||||||||
Donald R. Martin | 7/20/2015 | |||||||
(PRINT NAME OF SIGNATORY) | DATE |
MOR-1
CASE NAME: | Dune Energy, Inc., Dune Operating Company, Dune Properties, Inc. | |
CASE NUMBER: | 15-10336, 15-10337, 15-10338 |
COMPARATIVE BALANCE SHEETS | ||||||||||||||||||||||||||||
ASSETS | FILING DATE* March 8, 2015 | MONTH* March 2015 | MONTH* April 2015 | MONTH* May 2015 | MONTH* June 2015 | MONTH | MONTH | |||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||||||||||
Cash | $ | 1,486,590 | $ | 2,928,419 | $ | 1,363,035 | $ | 1,503,615 | $ | 862,437 | ||||||||||||||||||
Accounts Receivable, Net | $ | 2,658,690 | $ | 2,518,985 | $ | 2,832,217 | $ | 3,170,218 | $ | 3,356,014 | ||||||||||||||||||
Inventory: Lower of Cost or Market | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
Prepayments and other current assets | $ | 2,230,279 | $ | 2,132,489 | $ | 1,807,853 | $ | 1,513,038 | $ | 1,220,306 | ||||||||||||||||||
Investments | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
Other | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
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TOTAL CURRENT ASSETS | $ | 6,375,559 | $ | 7,579,893 | $ | 6,003,105 | $ | 6,186,871 | $ | 5,438,757 | $ | 0 | $ | 0 | ||||||||||||||
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PROPERTY, PLANT & EQUIP. @ COST | $ | 309,570,864 | $ | 309,894,751 | $ | 309,813,772 | $ | 310,036,043 | $ | 310,218,276 | ||||||||||||||||||
Less Accumulated Depreciation | ($ | 121,044,287 | ) | ($ | 121,828,545 | ) | ($ | 122,431,539 | ) | ($ | 123,005,437 | ) | ($ | 123,611,656 | ) | |||||||||||||
NET BOOK VALUE OF PP & E | $ | 188,526,577 | $ | 188,066,206 | $ | 187,382,233 | $ | 187,030,606 | $ | 186,606,620 | $ | 0 | $ | 0 | ||||||||||||||
OTHER ASSETS | ||||||||||||||||||||||||||||
1. Deferred Financing Costs | $ | 866,738 | $ | 787,317 | $ | 707,896 | $ | 628,475 | $ | 549,054 | ||||||||||||||||||
2. Other Assets | $ | 2,254,125 | $ | 2,254,136 | $ | 2,254,136 | $ | 2,254,159 | $ | 2,254,159 | ||||||||||||||||||
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TOTAL ASSETS | $ | 198,022,999 | $ | 198,687,552 | $ | 196,347,370 | $ | 196,100,111 | $ | 194,848,590 | $ | 0 | $ | 0 | ||||||||||||||
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* | Per unaudited financial statements prepared by management |
MOR-2
CASE NAME: | Dune Energy, Inc., Dune Operating Company, Dune Properties, Inc. | |
CASE NUMBER: | 15-10336, 15-10337, 15-10338 |
COMPARATIVE BALANCE SHEETS | ||||||||||||||||||||||||
LIABILITIES & OWNER’S EQUITY | FILING DATE* March 8, 2015 | MONTH* March 2015 | MONTH* April 2015 | MONTH* May 2015 | MONTH* June 2015 | MONTH | ||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||
POST-PETITION LIABILITIES (MOR-4) | 3,693,160 | 4,381,306.40 | 5,713,119 | 6,337,655 | ||||||||||||||||||||
PRE-PETITION LIABILITIES | ||||||||||||||||||||||||
Notes Payable - Secured | 111,689,964 | 112,466,917 | 113,215,215 | 114,025,145 | 114,797,406 | |||||||||||||||||||
Priority Debt | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||
Federal Income Tax | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||
FICA/Withholding | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||
Unsecured Debt | 16,514,901 | 16,599,095 | 16,480,870 | 16,873,376 | 17,192,927 | |||||||||||||||||||
Other | 22,548,485 | 22,744,889 | 22,941,293 | 23,160,767 | 23,361,754 | |||||||||||||||||||
TOTAL PRE-PETITION LIABILITIES | 150,753,350 | 151,810,900 | 152,637,378 | 154,059,287 | 155,352,087 | 0 | ||||||||||||||||||
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TOTAL LIABILITIES | 150,753,350 | 155,504,061 | 157,018,684 | 159,772,406 | 161,689,741 | 0 | ||||||||||||||||||
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OWNER’S EQUITY (DEFICIT) | ||||||||||||||||||||||||
COMMON STOCK | 74,009 | 74,009 | 74,009 | 74,009 | 74,009 | |||||||||||||||||||
TREASURY STOCK | (339,790 | ) | (339,790 | ) | (339,790 | ) | (339,790 | ) | (339,790 | ) | ||||||||||||||
ADDITIONAL PAID-IN CAPITAL | 180,653,012 | 180,572,505 | 180,674,690 | 180,775,993 | 180,877,296 | |||||||||||||||||||
RETAINED EARNINGS | (133,117,582 | ) | (137,123,233 | ) | (141,080,223 | ) | (144,182,507 | ) | (147,452,666 | ) | ||||||||||||||
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TOTAL OWNER’S EQUITY (NET WORTH) | 47,269,649 | 43,183,491 | 39,328,686 | 36,327,705 | 33,158,849 | 0 | ||||||||||||||||||
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TOTAL LIABILITIES & OWNERS EQUITY | 198,022,999 | $ | 198,687,552 | $ | 196,347,370 | $ | 196,100,111 | 194,848,590 | 0 | |||||||||||||||
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* | Per unaudited financial statements prepared by management. |
MOR-3
CASE NAME: | Dune Energy, Inc., Dune Operating Company, Dune Properties, Inc. | |
CASE NUMBER: | 15-10336, 15-10337, 15-10338 |
SCHEDULE OF POST-PETITION LIABILITIES
MONTH March 2015 | MONTH April 2015 | MONTH May 2015 | MONTH June 2015 | MONTH | MONTH | |||||||||||||||
TRADE ACCOUNTS PAYABLE | 682,803 | 972,956 | 294,632 | 606,695 | ||||||||||||||||
TAX PAYABLE | ||||||||||||||||||||
Federal Payroll Taxes | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||
State Payroll Taxes | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||
Ad Valorem Taxes | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||
Other Taxes | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||
TOTAL TAXES PAYABLE | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||
SECURED DEBT POST-PETITION | 3,000,000 | 3,000,000 | 3,960,000 | 4,670,000 | ||||||||||||||||
ACCRUED INTEREST PAYABLE | 10,357 | 17,711 | 21,174 | 27,779 | ||||||||||||||||
ACCRUED PROFESSIONAL FEES (1) | 0.00 | 390,640 | 1,437,312 | 1,033,180 | ||||||||||||||||
OTHER ACCRUED LIABILITIES | ||||||||||||||||||||
1. | ||||||||||||||||||||
2. | ||||||||||||||||||||
3. | ||||||||||||||||||||
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TOTAL POST-PETITION LIABILITIES (MOR-3) | $ | 3,693,160 | $ | 4,381,306 | $ | 5,713,119 | $ | 6,337,655 | ||||||||||||
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(1) | Reflects accrued but unpaid professional fees; payment requires court approval |
MOR-4
CASE NAME: | Dune Energy, Inc., Dune Operating Company, Dune Properties, Inc. | |
CASE NUMBER: | 15-10336, 15-10337, 15-10338 |
AGING OF POST-PETITION LIABILITIES
MONTHJune 2015
DAYS | TOTAL | TRADE ACCOUNTS (1) | FEDERAL TAXES | STATE TAXES | AD VALOREM, OTHER TAXES | OTHER | ||||||||||||||||||
0-30 | 374,903 | 374,903 | 0 | 0 | 0 | 0 | ||||||||||||||||||
31-60 | 1,867 | 1,867 | 0 | 0 | 0 | 0 | ||||||||||||||||||
61-90 | 229,925 | 229,925 | 0 | 0 | 0 | 0 | ||||||||||||||||||
91+ | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||
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TOTAL | $ | 606,695 | $ | 606,695 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
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AGING OF ACCOUNTS RECEIVABLE (2)
MONTH | March 2015 | April 2015 | May 2015 | June 2015 | ||||||||||||||||||||
0-30 DAYS | -52,353 | 101,472 | 97,083 | 126,493 | ||||||||||||||||||||
31-60 DAYS | 133,772 | -49,058 | 26,421 | 16,347 | ||||||||||||||||||||
61-90 DAYS | 2,493 | 122,674 | 18,044 | 25,726 | ||||||||||||||||||||
91+ DAYS | 25,398 | 26,494 | 58,442 | 71,227 | ||||||||||||||||||||
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TOTAL | $ | 109,310 | $ | 201,581 | $ | 199,990 | $ | 239,793 | $ | 0 | $ | 0 | ||||||||||||
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(1) | Accrued and unpaid professional fees not included; see MOR-9 |
(2) | Dune’s Accounts Receivable accounts do not represent any Oil and Gas production that has not been sold. |
MOR-5
CASE NAME: | Dune Energy, Inc. | |
CASE NUMBER: | 15-10336 |
STATEMENT OF INCOME (LOSS)
MONTH March 2015 | MONTH April 2015 | MONTH May 2015 | MONTH June 2015 | MONTH | MONTH | FILING TO DATE | ||||||||||||||||||||||
REVENUES (MOR-1) | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
TOTAL COST OF REVENUES | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
GROSS PROFIT | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
OPERATING EXPENSES: | ||||||||||||||||||||||||||||
Selling & Marketing | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
General & Administrative | 0 | 325 | 0 | 0 | 325 | |||||||||||||||||||||||
Other | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
TOTAL OPERATING EXPENSES | 0 | 325 | 0 | 0 | 0 | 0 | 325 | |||||||||||||||||||||
INCOME BEFORE INT, DEPR/TAX (MOR-1) | 0 | -325 | 0 | 0 | 0 | 0 | -325 | |||||||||||||||||||||
INTEREST EXPENSE | 1,045,868 | 1,017,007 | 1,052,797 | 1,023,131 | 4,138,803 | |||||||||||||||||||||||
DEPRECIATION | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
OTHER (INCOME) EXPENSE* | 79,421 | 79,421 | 79,421 | 79,421 | 317,684 | |||||||||||||||||||||||
OTHER ITEMS | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
TOTAL INT, DEPR & OTHER ITEMS | 1,125,289 | 1,096,428 | 1,132,218 | 1,102,552 | 0 | 0 | 4,456,487 | |||||||||||||||||||||
NET INCOME BEFORE TAXES | -1,125,289 | -1,096,753 | -1,132,218 | -1,102,552 | 0 | 0 | -4,456,812 | |||||||||||||||||||||
FEDERAL INCOME TAXES | 0 | |||||||||||||||||||||||||||
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NET INCOME (LOSS) (MOR-1) | ($ | 1,125,289 | ) | ($ | 1,096,753 | ) | ($ | 1,132,218 | ) | ($ | 1,102,552 | ) | 0 | 0 | ($ | 4,456,812 | ) | |||||||||||
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Accrual Accounting Required, Otherwise Footnote with Explanation.
* | Amortization of deferred financing costs |
MOR-6
CASE NAME: | Dune Operating Company | |
CASE NUMBER: | 15-10337 |
STATEMENT OF INCOME (LOSS)
MONTH March 2015 | MONTH April 2015 | MONTH May 2015 | MONTH June 2015 | MONTH | MONTH | FILING TO DATE | ||||||||||||||||||||||
REVENUES (MOR-1) | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
TOTAL COST OF REVENUES | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
GROSS PROFIT | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
OPERATING EXPENSES: | ||||||||||||||||||||||||||||
Selling & Marketing | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
General & Administrative | 975,044 | 1,044,356 | 720,955 | 864,037 | 3,604,392 | |||||||||||||||||||||||
Other | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
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TOTAL OPERATING EXPENSES | 975,044 | 1,044,356 | 720,955 | 864,037 | 0 | 0 | 3,604,392 | |||||||||||||||||||||
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INCOME BEFORE INT, DEPR/TAX (MOR-1) | -975,044 | -1,044,356 | -720,955 | -864,037 | 0 | 0 | -3,604,392 | |||||||||||||||||||||
INTEREST EXPENSE | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
DEPRECIATION | 0 | 4,848 | 4,079 | -24,308 | -15,381 | |||||||||||||||||||||||
OTHER (INCOME) EXPENSE | -11 | 0 | -6,107 | -638 | -6,756 | |||||||||||||||||||||||
OTHER ITEMS | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
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TOTAL INT, DEPR & OTHER ITEMS | -11 | 4,848 | -2,028 | -24,946 | 0 | 0 | -22,137 | |||||||||||||||||||||
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NET INCOME BEFORE TAXES | -975,033 | -1,049,204 | -718,927 | -839,091 | 0 | 0 | -3,582,255 | |||||||||||||||||||||
FEDERAL INCOME TAXES | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||
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NET INCOME (LOSS) (MOR-1) | ($ | 975,033 | ) | ($ | 1,049,204 | ) | ($ | 718,927 | ) | -839,091 | 0 | 0 | ($ | 3,582,255 | ) | |||||||||||||
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Accrual Accounting Required, Otherwise Footnote with Explanation.
MOR-6
CASE NAME: | Dune Properties, Inc. | |
CASE NUMBER: | 15-10338 |
STATEMENT OF INCOME (LOSS)
MONTH March 2015 | MONTH April 2015 | MONTH May 2015 | MONTH June 2015 | MONTH | MONTH | FILING TO DATE | ||||||||||||||||||||||
REVENUES (MOR-1) | 1,480,932 | 1,555,902 | 1,757,039 | 1,882,578 | 6,676,451 | |||||||||||||||||||||||
TOTAL COST OF REVENUES | 1,425,928 | 1,523,179 | 1,526,373 | 1,516,094 | 5,991,574 | |||||||||||||||||||||||
GROSS PROFIT | 55,004 | 32,723 | 230,666 | 366,484 | 0 | 0 | 684,877 | |||||||||||||||||||||
OPERATING EXPENSES: | ||||||||||||||||||||||||||||
Selling & Marketing | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
General & Administrative | 975,044 | 1,044,358 | 711,526 | 864,038 | 3,594,966 | |||||||||||||||||||||||
Other | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
TOTAL OPERATING EXPENSES | 975,044 | 1,044,358 | 711,526 | 864,038 | 0 | 0 | 3,594,966 | |||||||||||||||||||||
INCOME BEFORE INT, DEPR/TAX (MOR-1) | -920,040 | -1,011,635 | -480,860 | -497,554 | 0 | 0 | -2,910,089 | |||||||||||||||||||||
INTEREST EXPENSE | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
DEPRECIATION | 788,885 | 602,994 | 573,898 | 634,558 | 2,600,335 | |||||||||||||||||||||||
OTHER (INCOME) EXPENSE | 0 | 0 | -23 | -23 | ||||||||||||||||||||||||
OTHER ITEMS* | 196,404 | 196,404 | 196,404 | 196,404 | 785,616 | |||||||||||||||||||||||
TOTAL INT, DEPR & OTHER ITEMS | 985,289 | 799,398 | 770,279 | 830,962 | 0 | 0 | 3,385,928 | |||||||||||||||||||||
NET INCOME BEFORE TAXES | -1,905,329 | -1,811,033 | -1,251,139 | -1,328,516 | 0 | 0 | -6,296,017 | |||||||||||||||||||||
FEDERAL INCOME TAXES | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
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NET INCOME (LOSS) (MOR-1) | ($ | 1,905,329 | ) | ($ | 1,811,033 | ) | ($ | 1,251,139 | ) | ($ | 1,328,516 | ) | 0 | 0 | ($ | 6,296,017 | ) | |||||||||||
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Accrual Accounting Required, Otherwise Footnote with Explanation.
* | Accretion of Asset Retirement Obligations |
MOR-6
CASE NAME: | Dune Properties, Inc. | |
CASE NUMBER: | 15-10336 |
CASH RECEIPTS AND DISBURSEMENTS | MONTH March 2015 | MONTH April 2015 | MONTH May 2015 | MONTH June 2015 | MONTH | MONTH | FILING TO DATE | |||||||||||||||||||||
1. CASH-BEGINNING OF MONTH | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
RECEIPTS: | ||||||||||||||||||||||||||||
2. CASH SALES | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
3. COLLECTION OF ACCOUNTS RECEIVABLE | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
4. LOANS & ADVANCES (attach list) | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
5. SALE OF ASSETS | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
6. OTHER (attach list) | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
TOTAL RECEIPTS | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
DISBURSEMENTS: | ||||||||||||||||||||||||||||
7. NET PAYROLL | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
8. PAYROLL TAXES PAID | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
9. SALES, USE & OTHER TAXES PAID | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
10. SECURED/RENTAL/LEASES | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
11. UTILITIES & TELEPHONE | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
12. INSURANCE | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
13. INVENTORY PURCHASES | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
14. VEHICLE EXPENSES | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
15. TRAVEL & ENTERTAINMENT | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
16. REPAIRS, MAINTENANCE & SUPPLIES | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
17. ADMINISTRATIVE & SELLING | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
18. OTHER (attach list) | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
TOTAL DISBURSEMENTS FROM OPERATIONS | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
19. PROFESSIONAL FEES | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
20. U.S. TRUSTEE FEES | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
21. OTHER REORGANIZATION EXPENSES (attach list) | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
TOTAL DISBURSEMENTS | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
22. NET CASH FLOW | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
23. CASH - END OF MONTH (MOR-2) | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 |
MOR-7
CASE NAME: | Dune Operating Company | |
CASE NUMBER: | 15-10337 |
CASH RECEIPTS AND DISBURSEMENTS | MONTH March 2015 | MONTH April 2015 | MONTH May 2015 | MONTH June 2015 | MONTH | MONTH | FILING TO DATE | |||||||||||||||||||||
1. CASH-BEGINNING OF MONTH | $ | 171,197 | $ | 2,928,419 | $ | 1,363,035 | $ | 1,503,615 | $ | 0 | $ | 0 | $ | 171,197 | ||||||||||||||
RECEIPTS: | ||||||||||||||||||||||||||||
2. CASH SALES | 1,768,583 | 1,460,543 | 1,642,422 | 1,994,044 | 6,865,591 | |||||||||||||||||||||||
3. COLLECTION OF ACCOUNTS RECEIVABLE | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
4. LOANS & ADVANCES (attach list) | 3,000,000 | 0 | 960,000 | 710,000 | 4,670,000 | |||||||||||||||||||||||
5. SALE OF ASSETS | 0 | 4,000 | 16,000 | 0 | 20,000 | |||||||||||||||||||||||
6. OTHER (attach list) | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
TOTAL RECEIPTS | 4,768,583 | 1,464,543 | 2,618,422 | 2,704,044 | 0 | 0 | 11,555,591 | |||||||||||||||||||||
DISBURSEMENTS: | ||||||||||||||||||||||||||||
7. NET PAYROLL | 459,120 | 454,227 | 490,510 | 398,431 | 1,802,287 | |||||||||||||||||||||||
8. PAYROLL TAXES PAID | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
9. SALES, USE & OTHER TAXES PAID | 320,326 | 150,566 | 105,211 | 190,872 | 766,975 | |||||||||||||||||||||||
10. SECURED/RENTAL/LEASES | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
11. UTILITIES & TELEPHONE | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
12. INSURANCE | 267,688 | 355,633 | 250,572 | 168,980 | 1,042,873 | |||||||||||||||||||||||
13. INVENTORY PURCHASES | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
14. VEHICLE EXPENSES | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
15. TRAVEL & ENTERTAINMENT | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
16. REPAIRS, MAINTENANCE & SUPPLIES | 48,177 | 948,606 | 810,078 | 705,112 | 2,511,973 | |||||||||||||||||||||||
17. REVENUES & ROYALTIES | 614,927 | 231,720 | 362,841 | 326,068 | 1,535,556 | |||||||||||||||||||||||
18. ADMINISTRATIVE & SELLING | 33,722 | 207,255 | 194,828 | 206,376 | 642,181 | |||||||||||||||||||||||
19. OTHER (attach list) | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
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|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
TOTAL DISBURSEMENTS FROM OPERATIONS | 1,743,960 | 2,348,006 | 2,214,040 | 1,995,839 | 0 | 0 | 8,301,846 | |||||||||||||||||||||
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|
|
|
|
|
|
| |||||||||||||||
20. PROFESSIONAL FEES | 155,574 | 647,939 | 253,402 | 1,328,680 | 2,385,595 | |||||||||||||||||||||||
21. U.S. TRUSTEE FEES | 0 | 0 | 10,400 | 0 | 10,400 | |||||||||||||||||||||||
22. OTHER REORGANIZATION EXPENSES | 111,827 | 33,981 | 0 | 20,702 | 166,511 | |||||||||||||||||||||||
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|
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|
|
|
|
|
|
|
|
|
| |||||||||||||||
TOTAL DISBURSEMENTS | 2,011,362 | 3,029,927 | 2,477,842 | 3,345,222 | 0 | 0 | 10,864,351 | |||||||||||||||||||||
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| |||||||||||||||
23. NET CASH FLOW | 2,757,222 | -1,565,384 | 140,580 | -641,178 | 0 | 0 | 1,332,418 | |||||||||||||||||||||
24. CASH - END OF MONTH (MOR-2) | 2,928,419 | 1,363,035 | 1,503,615 | 862,437 | 0 | 0 | 5,795,069 |
MOR-7
CASE NAME: | Dune Properties, Inc. | |
CASE NUMBER: | 15-10338 |
CASH RECEIPTS AND DISBURSEMENTS | MONTH March 2015 | MONTH April 2015 | MONTH May 2015 | MONTH June 2015 | MONTH | MONTH | FILING TO DATE | |||||||||||||||||||||
1. CASH-BEGINNING OF MONTH | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
RECEIPTS: | ||||||||||||||||||||||||||||
2. CASH SALES | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
3. COLLECTION OF ACCOUNTS RECEIVABLE | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
4. LOANS & ADVANCES (attach list) | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
5. SALE OF ASSETS | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
6. OTHER (attach list) | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
TOTAL RECEIPTS | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
DISBURSEMENTS: | ||||||||||||||||||||||||||||
7. NET PAYROLL | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
8. PAYROLL TAXES PAID | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
9. SALES, USE & OTHER TAXES PAID | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
10. SECURED/RENTAL/LEASES | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
11. UTILITIES & TELEPHONE | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
12. INSURANCE | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
13. INVENTORY PURCHASES | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
14. VEHICLE EXPENSES | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
15. TRAVEL & ENTERTAINMENT | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
16. REPAIRS, MAINTENANCE & SUPPLIES | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
17. ADMINISTRATIVE & SELLING | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
18. OTHER (attach list) | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
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|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
TOTAL DISBURSEMENTS FROM OPERATIONS | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
19. PROFESSIONAL FEES | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
20. U.S. TRUSTEE FEES | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
21. OTHER REORGANIZATION EXPENSES (attach list) | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
TOTAL DISBURSEMENTS | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
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|
|
|
|
|
|
|
|
|
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| |||||||||||||||
22. NET CASH FLOW | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
23. CASH - END OF MONTH (MOR-2) | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 |
MOR-7
CASE NAME: | Dune Energy, Inc., Dune Operating Company, Dune Properties, Inc. | |
CASE NUMBER: | 15-10336, 15-10337, 15-10338 |
CASH ACCOUNT RECONCILIATION | ||
MONTH OF June 2015 |
BANK NAME ACCOUNT NUMBER ACCOUNT TYPE | BMO Harris Bank #2175 OPERATING | BMO Harris Bank #2209 CASH CALL | BMO Harris Bank #2227 ADE. ASSURANCE | BMO Harris Bank #2217 INSURANCE | BMO Harris Bank #2191 REVENUE | BMO Harris Bank #2183 PAYABLE - ZBA ACCT | Petty Cash N/A PETTY CASH | Prosperity Bank #5266 REVENUE | BBVA Compass Bank #0599 REVENUE | BBVA Compass Bank #9028 INSURANCE | TOTAL | |||||||||||||||||||||||||||||||||
BANK BALANCE | $ | 1,239,972 | $ | — | $ | 15,000 | $ | 9,838 | $ | 379,561 | $ | — | $ | 400 | $ | — | $ | 159 | $ | — | $ | 1,644,930 | ||||||||||||||||||||||
DEPOSITS IN TRANSIT | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||
OUTSTANDING CHECKS | $ | — | $ | — | $ | — | $ | 1,420 | $ | 109,779 | $ | 662,876 | $ | — | $ | — | $ | — | $ | 8,418 | $ | 782,494 | ||||||||||||||||||||||
ADJUSTED BANK BALANCE | $ | 1,239,972 | $ | — | $ | 15,000 | $ | 8,418 | $ | 269,782 | $ | (662,876 | ) | $ | 400 | $ | — | $ | 159 | $ | (8,418 | ) | $ | 862,437 | ||||||||||||||||||||
BEGINNING CASH - PER BOOKS | $ | 1,845,026 | $ | — | $ | 15,000 | $ | — | $ | 216,271 | $ | (577,673 | ) | $ | 400 | $ | 5,749 | $ | (1,157 | ) | $ | — | $ | 1,503,615 | ||||||||||||||||||||
RECEIPTS | $ | 2,704,044 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 2,704,044 | ||||||||||||||||||||||
TRANSFERS OUT OF ACCOUNT | $ | (2,862,539 | ) | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | (7,895 | ) | $ | (2,319 | ) | $ | (8,418 | ) | $ | (2,881,171 | ) | |||||||||||||||||
TRANSFERS INTO ACCOUNT | $ | — | $ | — | $ | — | $ | 39,069 | $ | 569,160 | $ | 2,272,942 | $ | — | $ | — | $ | — | $ | — | $ | 2,881,171 | ||||||||||||||||||||||
CHECKS/OTHER DISBURSEMENTS | $ | (446,559 | ) | $ | — | $ | — | $ | (30,650 | ) | $ | (515,649 | ) | $ | (2,358,145 | ) | $ | — | $ | 2,146 | $ | 3,635 | $ | — | $ | (3,345,222 | ) | |||||||||||||||||
ENDING CASH - PER BOOKS | $ | 1,239,972 | $ | — | $ | 15,000 | $ | 8,418 | $ | 269,782 | $ | (662,876 | ) | $ | 400 | $ | 0 | $ | 159 | $ | (8,418 | ) | $ | 862,437 |
MOR-8
CASE NAME: | Dune Energy, Inc., Dune Operating Company, Dune Properties, Inc. | |
CASE NUMBER: | 15-10336, 15-10337, 15-10338 |
PAYMENTS TO INSIDERS AND PROFESSIONALS
Of the total disbursements shown for the month, list the amount paid to insiders (as defined in Section 101(31)(A)-(F) of the U.S. Bankruptcy Code) and the professionals.
Also, for insiders, identify the type of compensation paid (e.g., salary, commission, bonus, etc.) (Attach additional pages as necessary).
INSIDERS: NAME/COMP TYPE | MONTH March 2015 | MONTH April 2015 | MONTH May 2015 | MONTH June 2015 | MONTH | MONTH | ||||||||||||||||||
1. James A Watt/ Salary & 401k | 48,583 | 48,583 | 48,583 | 48,583 | ||||||||||||||||||||
2. Frank T. Smith/ Salary & 401k | 29,062 | 29,062 | 29,062 | 29,062 | ||||||||||||||||||||
3. Hal L. Bettis/ Salary & 401k | 29,062 | 29,062 | 29,062 | 29,062 | ||||||||||||||||||||
4. Richard H. Mourglia/ Salary & 401k | 25,617 | 25,617 | 25,617 | 25,617 | ||||||||||||||||||||
5. | ||||||||||||||||||||||||
6. | ||||||||||||||||||||||||
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| |||||||||||||
TOTAL INSIDERS (MOR-1) | 132,323 | 132,323 | 132,323 | 132,323 | 0 | 0 | ||||||||||||||||||
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PROFESSIONALS | MONTH March 2015 | MONTH April 2015 | MONTH May 2015 | MONTH June 2015 | MONTH | MONTH | ||||||||||||||||||
1. Holland and Knight | 20,000 | 0 | 0 | 0 | ||||||||||||||||||||
2. Mayer Brown, LLP | 135,574 | 0 | 249,090 | 81,644 | ||||||||||||||||||||
3. FTI Consulting | 0 | 159,480 | 0 | 47,217 | ||||||||||||||||||||
4. CTMI, LLC | 0 | 12,500 | 0 | 0 | ||||||||||||||||||||
5. Donald Martin | 0 | 55,234 | 0 | 137,994 | ||||||||||||||||||||
6. Deloitte CRG | 0 | 129,074 | 0 | 250,813 | ||||||||||||||||||||
7. Haynes and Boone | 0 | 226,439 | 0 | 606,308 | ||||||||||||||||||||
8. Prime Clerk | 0 | 65,212 | 4,312 | 59,549 | ||||||||||||||||||||
9. Parkman Whaling | 0 | 0 | 0 | 40,000 | ||||||||||||||||||||
10. McKool Smith | 0 | 0 | 0 | 80,264 | ||||||||||||||||||||
11. Conway Mackenzie | 0 | 0 | 0 | 24,892 | ||||||||||||||||||||
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| |||||||||||||
TOTAL PROFESSIONALS (MOR-1) | 155,574 | 647,939 | 253,402 | 1,328,680 | 0 | 0 | ||||||||||||||||||
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MOR-9