EXHIBIT 99.1
TRANSMITTAL OF FINANCIAL REPORTS AND
CERTIFICATION OF COMPLIANCE WITH
UNITED STATES TRUSTEE OPERATING REQUIREMENTS FOR
THE PERIOD ENDED: SEPTEMBER 30, 2009
IN RE: | : | CASE NO.: | 09-08254 (SWD) |
| : | Chapter 11 | |
AURORA OIL & GAS CORPORATION, | : | Judge: | Honorable Scott W. Dales |
Debtor. | : | | |
As debtor in possession, I affirm:
1. That I have reviewed the financial statements attached hereto, consisting of:
X | | Operating Statement | (Form 2) |
X | | Balance Sheet | (Form 3) |
X | | Summary of Operations | (Form 4) |
X | | Monthly Cash Statement | (Form 5) |
X | | Statement of Compensation | (Form 6) |
X | | Schedule of In-Force Insurance | (Form 7) |
and that they have been prepared in accordance with normal and customary accounting practices, and fairly and accurately reflect the debtor’s financial activity for the period stated.
2. That the insurance, including workers’ compensation and unemployment insurance, as described in Section 4 of the Reporting Requirements for Chapter 11 Cases is in effect. (If not, attach a written explanation.)
3. That all postpetition taxes as described in Sections 1 and 14 of the Operating Instructions and Reporting Requirements For Chapter 11 cases are current. (If not, attach a written explanation.)
4. No professional fees (attorney, accountant, etc.) have been paid without specific court authorization. (If not, attached a written explanation.)
5. All United States Trustee Quarterly fees have been paid and are current.
6. Have you filed your prepetition tax returns. (If not, attach a written explanation.)
I hereby certify, under penalty of perjury, that the information provided above and in the attached documents is true and correct to the best of my information and belief.
Dated: October 20, 2009 | /s/ Sanford R. Edlein |
| Debtor in Possession |
| | | |
| Chief Restructuring Officer | | |
| Title | | Phone |
FORM 1
CASE NAME: Aurora Oil & Gas Corporation |
CASE NUMBER: 09-08254 (SWD) |
FORM 1 ITEM 4 ATTACHMENT
ORDINARY COURSE PROFESSIONALS
| | Amount Paid | |
| | During | |
Name | | September 2009 | |
| | | |
John Cole (emergency check request covering the period of 8/17/09 - 8/30/09) | | $ | 1,656 | (1) |
(1) - John Cole's application to be an ordinary course professional was approved on September 21, 2009 because no objections were filed. This amount represents a payment made prior to September 21, 2009.
AURORA OIL & GAS CORPORATION (THE “COMPANY”)
EXPLANATORY NOTES TO THE MONTHLY OPERATING REPORT
DATED AS OF SEPTEMBER 30, 2009
1. | This Monthly Operating Report (“MOR”) has been signed by the Company’s Chief Restructuring Officer, Sanford R. Edlein. The MOR was prepared by the Company’s staff with management oversight. Mr. Edlein does not have personal knowledge of every item identified in the MOR and has relied upon the work of Company management. In reviewing and signing the MOR, Mr. Edlein has relied upon the accuracy and integrity of the Company’s books and records, and it is possible that further review thereof may require amendment of the MOR. |
2. | This MOR is preliminary and unaudited and reflects results for the twelve days ended July 12, 2009 (pre-petition), nineteen days ended July 31, 2009 (post-petition), one month ended July 31, 2009 and August 31, 2009, and one and nine months ended September 30, 2009 and balances as of July 12, 2009 (filing date), July 31, 2009, August 31, 2009 and September 30, 2009. This MOR should be read together and concurrently with the Company’s first quarter 2009 Form 10-Q that was filed with the Securities and Exchange Commission (“SEC”) on May 8, 2009 and the Company’s Annual Report on Form 10-K for fiscal 2008 filed with the SEC on March 13, 2009 for a comprehensive description of our current financial condition and operating results. This MOR should also be read together and concurrently with Forms 8-K filed with the SEC during 2009. This MOR is being provided to the Bankruptcy Court and the U.S. Trustee. |
3. | This MOR is unaudited and will not be subject to audit or review by our external auditors on a stand-alone basis at any time in the future. This MOR includes the results of the ceiling test write-down during first quarter 2009, the reclassification of mortgage payable to current as a result of a default that occurred due to the Company’s chapter 11 bankruptcy filing and an increase to the ARO liability during September 2009 in the approximate amount of $3.1 million as a result of changes in estimate due to timing and anticipated abandonment costs. Results for this period as presented in the MOR are not necessarily indicative of the actual results for the period if all such matters were allocated to all periods in the quarter or year. Accordingly, each period reported in the MOR should not be viewed on a stand-alone basis, but rather in the context of previously reported financial results, including the Company’s SEC filings. |
4. | This MOR is presented in a format providing information required under local rules and incorporating measurements used for internal operating purposes, rather than in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. This MOR does not include certain financial statements and explanatory footnotes, including disclosures required under GAAP. |
5. | This MOR is presented on a stand alone basis for the Company and does not include any subsidiary activity. Therefore, intercompany balances have not been eliminated. |
The Company’s subsidiaries are as follows:
Aurora Operating, LLC ("AOP") is a limited liability company engaged primarily in oil and gas operations and development. AOP holds certain oil and gas properties in the New Albany Shale project. The Company owns 71% of AOP.
Indiana Royalty Trustory, LLC ("IRT") is a limited liability company engaged primarily in investments in royalties and other financial instruments. The Company holds a 51% interest in IRT.
Hudson Pipeline & Processing Co., LLC ("HPPC") is a limited liability company that owns and operates various pipelines and processing facilities located in Hudson Township area of the Michigan Antrim play. The Company holds a 96.1% interest in HPPC.
Celebration Mining ("CMC") is a wholly-owned subsidiary of the Company that owns a 25% interest in a silver mine located in Utah. No production has occurred from the mine since the 1930’s. Activity in CMC primarily relates to general and administrative expenses associated with the marketability of the company for sale and compliance with various legal requirements.
Bach Services & Manufacturing Co., LLC ("BSM") was sold on June 10, 2009. BSM was a limited liability company which provided oil and gas field services and construction services related to building pipelines, compressor packages, and processing facilities to various oil and gas companies principally in the Michigan Antrim play. The Company owned 100% of BSM.
CASE NAME: Aurora Oil & Gas Corporation
CASE NUMBER: 09-08254 (SWD)
| | PERIOD | | | PERIOD | | | | | | | | | | | | | | | | | | | | | | |
| | 07/01/09 - | | | 07/13/09 - | | | MONTH | | | MONTH | | | MONTH | | | YTD | | | MONTH | | | MONTH | | | MONTH | |
| | 07/12/09 | | | 07/31/09 | | | Jul-09 | | | Aug-09 | | | Sep-09 | | | Sep-09 | | | Oct-09 | | | Nov-09 | | | Dec-09 | |
REVENUES: | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Oil and natural gas sales | | $ | 363,720 | | | $ | 578,008 | | | $ | 941,728 | | | $ | 856,678 | | | $ | 780,401 | | | $ | 8,401,651 | | | | | | | | | | |
Pipeline transportation and marketing | | | 2,805 | | | | 4,551 | | | | 7,356 | | | | 7,568 | | | | 7,501 | | | | 66,628 | | | | | | | | | | |
Interest and other | | | 39,330 | (1) | | | 62,334 | | | | 101,664 | | | | 99,333 | | | | 96,118 | | | | 1,054,937 | | | | | | | | | | |
Total revenues | | | 405,855 | | | | 644,893 | | | | 1,050,748 | | | | 963,579 | | | | 884,020 | | | | 9,523,216 | | | | - | | | | - | | | | - | |
EXPENSES: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Production taxes | | | 11,348 | | | | 18,029 | | | | 29,377 | | | | 24,060 | | | | 21,912 | | | | 257,773 | | | | | | | | | | | | | |
Production and lease operating expense | | | 312,982 | | | | 486,401 | | | | 799,383 | | | | 834,907 | | | | 834,902 | | | | 7,456,898 | | | | | | | | | | | | | |
General and administrative expense | | | 1,117,559 | (2) | | | 689,985 | | | | 1,807,544 | (3) | | | 1,621,813 | (4) | | | 1,295,505 | (5) | | | 9,926,877 | (5) | | | | | | | | | | | | |
Oil and natural gas depletion and amortization | | | 54,587 | | | | 90,114 | | | | 144,701 | | | | 155,338 | | | | 157,604 | | | | 1,310,082 | | | | | | | | | | | | | |
Other assets depreciation and amortization | | | 7,590 | | | | 12,017 | | | | 19,607 | | | | 19,607 | | | | 19,607 | | | | 197,654 | | | | | | | | | | | | | |
Interest expense | | | 435,346 | | | | 686,449 | | | | 1,121,795 | | | | 1,136,267 | | | | 1,136,267 | | | | 8,762,638 | | | | | | | | | | | | | |
Ceiling write-down of oil and gas properties | | | - | | | | - | | | | - | | | | - | | | | - | | | | 53,639,522 | | | | | | | | | | | | | |
Taxes (refunds), other | | | 2,403 | | | | 3,232 | | | | 5,635 | | | | 11,431 | | | | 11,209 | | | | (39,776 | ) | | | | | | | | | | | | |
Total expenses | | | 1,941,815 | | | | 1,986,227 | | | | 3,928,042 | | | | 3,803,423 | | | | 3,477,006 | | | | 81,511,668 | | | | - | | | | - | | | | - | |
NET LOSS INCOME FROM CONTINUING OPERATIONS | | | (1,535,960 | ) | | | (1,341,334 | ) | | | (2,877,294 | ) | | | (2,839,844 | ) | | | (2,592,986 | ) | | | (71,988,452 | ) | | | - | | | | - | | | | - | |
DISCONTINUED OPERATIONS: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Operating loss | | | - | | | | (6,500 | ) | | | (6,500 | ) | | | - | | | | - | | | | (287,285 | ) | | | | | | | | | | | | |
Loss on disposal | | | - | | | | - | | | | - | | | | - | | | | - | | | | (1,434,858 | ) | | | | | | | | | | | | |
Loss from discontinued operations | | | - | | | | (6,500 | ) | | | (6,500 | ) | | | - | | | | - | | | | (1,722,143 | ) | | | - | | | | - | | | | - | |
NET LOSS AFTER DISCONTINUED OPERATIONS ATTRIBUTABLE TO AURORA COMMON SHAREHOLDERS | | $ | (1,535,960 | ) | | $ | (1,347,834 | )(6) | | $ | (2,883,794 | )(6) | | $ | (2,839,844 | ) | | $ | (2,592,986 | ) | | $ | (73,710,595 | ) | | $ | - | | | $ | - | | | $ | - | |
(1) - Amount was reduced by $63,033 from the informal report submitted to the U.S. Trustee in August 2009 to properly account for activity during the period of July 1, 2009 - July 12, 2009.
(2) - One time write-offs in the amount of $0.4 million related to inventory and processing assets was recorded as general and administrative expense during the period. This balance also includes a severance payment in the amount of $0.1 million (including applicable payroll taxes) to William Deneau, former CEO.
(3) - For the one month ended July 31, 2009 approximately $1.0 million was incurred for restructuring/debt services and bankruptcy legal and consulting services. Of the $1.0 million, $0.5 was incurred on behalf of the creditors.
(4) - For the one month ended August 31, 2009 approximately $1.4 million was incurred for restructuring/debt services and bankruptcy legal and consulting services. Of the $1.4 million, $0.5 was incurred on behalf of the creditors.
(5) - For the one and nine months ended September 30, 2009 approximately $1.0 million and $5.8 million, respectively was incurred for restructuring/debt services and bankruptcy legal and consulting services. Of the $1.0 million and $5.8 million, $0.4 million and $2.7 million, respectively was incurred on behalf of the creditors.
(6) - Net loss after discontinued operations attributable to Aurora common shareholders was reduced for the period July 13, 2009 - July 31, 2009 and for the month ended July 31, 2009 from the September 10, 2009 Form 8-K filing by $5,298 as a result of eliminating noncontrolling interest activity to properly reflect Aurora Oil & Gas Corporation on a stand-alone basis.
FORM 2
CASE NAME: Aurora Oil & Gas Corporation
CASE NUMBER: 09-08254 (SWD)
| | Filing Date | | | AS OF | | | AS OF | | | AS OF | | | AS OF | | | AS OF | | | AS OF | |
| | 07/12/09 | | | 07/31/09 | | | 08/31/09 | | | 09/30/09 | | | 10/31/09 | | | 11/30/09 | | | 12/31/09 | |
ASSETS | | | | | | | | | | | | | | | | | | | | | |
CURRENT ASSETS: | | | | | | | | | | | | | | | | | | | | | |
Cash and cash equivalents | | $ | 2,340,664 | | | $ | 2,334,119 | | | $ | 1,768,209 | (1) | | $ | 747,695 | | | | | | | | | | |
Short-term investments | | | 659,317 | | | | 659,944 | | | | 507,090 | (1) | | | 422,874 | (2) | | | | | | | | | |
Accounts receivable: | | | | | | | | | | | | | | | | | | | | | | | | | |
Oil and natural gas sales | | | 1,173,079 | | | | 1,311,732 | | | | 1,511,393 | | | | 1,626,102 | | | | | | | | | | |
Joint interest owners | | | 447,577 | (3) | | | 385,093 | | | | 1,075,766 | | | | 1,111,577 | | | | | | | | | | |
Intercompany | | | 693,998 | (4) | | | 591,283 | (4) | | | 622,470 | (4) | | | 627,190 | (4) | | | | | | | | | |
Note receivable - related party | | | 132,181 | (5) | | | 132,181 | (5) | | | 132,181 | (5) | | | 132,181 | (5) | | | | | | | | | |
Materials inventory | | | 632,067 | | | | 608,812 | | | | 607,304 | | | | 592,663 | | | | | | | | | | |
Prepaid expenses and other current assets | | | 1,604,088 | | | | 1,544,735 | | | | 1,331,633 | | | | 1,207,150 | | | | | | | | | | |
Total current assets | | | 7,682,971 | | | | 7,567,899 | | | | 7,556,046 | | | | 6,467,432 | | | | - | | | | - | | | | - | |
PROPERTY AND EQUIPMENT: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Land | | | 264,022 | | | | 264,022 | | | | 264,022 | | | | 264,022 | | | | | | | | | | | | | |
Oil and natural gas properties, using full cost accounting: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Proved properties | | | 38,804,426 | | | | 39,262,183 | | | | 41,381,218 | | | | 40,110,459 | | | | | | | | | | | | | |
Unproved properties | | | 46,917,195 | | | | 46,434,323 | | | | 43,618,492 | | | | 47,993,038 | | | | | | | | | | | | | |
Less: accumulated depletion and amortization | | | (20,650,771 | ) | | | (20,740,885 | ) | | | (20,896,224 | ) | | | (21,053,827 | ) | | | | | | | | | | | | |
Total oil and natural gas properties, net | | | 65,070,850 | | | | 64,955,621 | | | | 64,103,486 | | | | 67,049,670 | | | | - | | | | - | | | | - | |
Other property and equipment: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Other property and equipment | | | 4,144,541 | | | | 4,144,541 | | | | 4,144,541 | | | | 4,144,541 | | | | | | | | | | | | | |
Less: accumulated depreciation | | | (791,242 | ) | | | (803,259 | ) | | | (822,866 | ) | | | (842,473 | ) | | | | | | | | | | | | |
Total other property and equipment, net | | | 3,353,299 | | | | 3,341,282 | | | | 3,321,675 | | | | 3,302,068 | | | | - | | | | - | | | | - | |
Total property and equipment, net | | | 68,688,171 | | | | 68,560,925 | | | | 67,689,183 | | | | 70,615,760 | | | | - | | | | - | | | | - | |
OTHER ASSETS: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Note receivable | | | 11,830,385 | | | | 11,830,385 | | | | 11,830,385 | | | | 11,830,385 | | | | | | | | | | | | | |
Debt issuance costs (6) | | | 952,560 | | | | 927,084 | | | | 885,519 | | | | 845,494 | | | | | | | | | | | | | |
Other | | | 8,630,764 | | | | 8,630,767 | | | | 8,634,258 | | | | 8,542,920 | | | | | | | | | | | | | |
Total other assets | | | 21,413,709 | | | | 21,388,236 | | | | 21,350,162 | | | | 21,218,799 | | | | - | | | | - | | | | - | |
TOTAL ASSETS | | $ | 97,784,851 | (7) | | $ | 97,517,060 | (7) | | $ | 96,595,391 | | | $ | 98,301,991 | | | $ | - | | | $ | - | | | $ | - | |
CASE NAME: Aurora Oil & Gas Corporation
CASE NUMBER: 09-08254 (SWD)
| | Filing Date | | | AS OF | | | AS OF | | | AS OF | | | AS OF | | | AS OF | | | AS OF | |
| | 07/12/09 | | | 07/31/09 | | | 08/31/09 | | | 09/30/09 | | | 10/31/09 | | | 11/30/09 | | | 12/31/09 | |
LIABILITIES AND SHAREHOLDERS’ EQUITY | | | | | | | | | | | | | | | | | | | | | |
CURRENT LIABILITIES: | | | | | | | | | | | | | | | | | | | | | |
Accounts payable and accrued liabilities | | $ | 2,436,489 | (3) | | $ | 3,018,016 | | | $ | 3,860,813 | | | $ | 4,122,424 | | | | | | | | | | |
Accrued interest | | | 5,223,127 | | | | 5,713,545 | | | | 6,307,706 | | | | 7,345,805 | | | | | | | | | | |
Note payable - related party | | | 1,040,000 | (8) | | | 1,040,000 | (8) | | | 1,040,000 | (8) | | | 1,040,000 | (8) | | | | | | | | | |
Current portion of asset retirement obligation | | | - | | | | - | | | | - | | | | 583,266 | | | | | | | | | | |
Current portion of mortgage payable | | | 2,568,685 | | | | 2,568,685 | | | | 2,568,685 | | | | 2,568,685 | | | | | | | | | | |
Senior secured credit facility | | | 72,021,446 | | | | 72,021,446 | | | | 72,021,446 | | | | 72,021,446 | | | | | | | | | | |
Second lien term loan | | | 51,871,073 | | | | 51,871,073 | | | | 52,345,117 | | | | 52,345,117 | | | | | | | | | | |
Total current liabilities | | | 135,160,820 | | | | 136,232,765 | | | | 138,143,767 | | | | 140,026,743 | | | | - | | | | - | | | | - | |
LONG-TERM LIABILITIES: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Asset retirement obligation | | | 1,737,409 | | | | 1,746,968 | | | | 1,756,527 | | | | 4,175,523 | | | | | | | | | | | | | |
Other long-term liabilities | | | 419,336 | | | | 417,875 | | | | 415,489 | | | | 413,103 | | | | | | | | | | | | | |
Total long-term liabilities | | | 2,156,745 | | | | 2,164,843 | | | | 2,172,016 | | | | 4,588,626 | | | | - | | | | - | | | | - | |
Total liabilities | | | 137,317,565 | | | | 138,397,608 | | | | 140,315,783 | | | | 144,615,369 | | | | - | | | | - | | | | - | |
(DEFICIT) EQUITY | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Shareholders’ (deficit) equity: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Common stock, $0.01 par value | | | 1,032,828 | | | | 1,032,828 | | | | 1,032,828 | | | | 1,032,828 | | | | | | | | | | | | | |
Additional paid-in capital | | | 142,685,964 | | | | 142,685,964 | | | | 142,685,964 | | | | 142,685,964 | | | | | | | | | | | | | |
Accumulated deficit | | | (183,251,506 | )(3) | | | (184,599,340 | ) | | | (187,439,184 | ) | | | (190,032,170 | ) | | | | | | | | | | | | |
Total shareholders’ (deficit) equity | | | (39,532,714 | ) | | | (40,880,548 | ) | | | (43,720,392 | ) | | | (46,313,378 | ) | | | - | | | | - | | | | - | |
TOTAL LIABILITIES AND (DEFICIT) EQUITY | | $ | 97,784,851 | (7) | | $ | 97,517,060 | (7) | | $ | 96,595,391 | | | $ | 98,301,991 | | | $ | - | | | $ | - | | | $ | - | |
(1) - Cash and cash equivalents reduced and short-term investments increased by $97,146 from the September 22, 2009 Form 8-K filing to properly state the amount held by the Primary Reserve Fund.
(2) - Amount is net of an $80,000 allowance recorded during September 2009 due to Northwestern Bank informing management that the Primary Reserve Fund likely will not make distributions to cover the balance in full.
(3) - Joint interest owner account receivables, accounts payable and accrued liabilities, and accumulated deficit were reduced by $2,747, $108,023 and $105,276, respectively from the informal report submitted to the U.S. Trustee in September 2009 as a result of adjustments to estimated accrued liabilities and to properly account for interest income activity during the period July 1, 2009 - July 12, 2009.
(4) - Amounts represent intercompany receivables from AOP, IRT, HPPC and CMC as defined in the "Explanatory Notes to the Monthly Operating Report" accompanying this MOR.
(5) - Amount represents note receivable from Indiana Royalty Trustory, LLC which AOG holds a 51% interest and is recorded at the gross amount.
(6) - Balance is net of accumulated amortization of $1,105,178, $1,130,654, $1,172,219 and $1,212,244 as of July 12, 2009, July 31, 2009, August 31, 2009 and September 30, 2009, respectively.
(7) - Total assets and total liabilities and (deficit) equity were reduced at July 12, 2009 and July 31, 2009 from the September 10, 2009 Form 8-K filing by $218,017 and $223,315, respectively as a result of eliminating noncontrolling interest activity to properly reflect Aurora Oil & Gas Corporation on a stand-alone basis.
(8) - Amount represents note payable to Aurora Operating, LLC which AOG holds a 71% interest and is recorded at the gross amount.
CASE NAME: Aurora Oil & Gas Corporation
CASE NUMBER: 09-08254 (SWD)
SUMMARY OF OPERATIONS
SCHEDULE OF POST-PETITION TAXES PAYABLE
| | Filing Date | | | AS OF | | | AS OF | | | AS OF | | | AS OF | | | AS OF | | | AS OF | |
| | 07/12/09 | | | 07/31/09 | | | 08/31/09 | | | 09/30/09 | | | 10/31/09 | | | 11/30/09 | | | 12/31/09 | |
| | | | | | | | | | | | | | | | | | | | | |
INCOME TAXES WITHHELD: | | | | | | | | | | | | | | | | | | | | | |
Federal | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | | | | | | | | | | | |
State | | | - | | | | - | | | | - | | | | - | | | | | | | | | | | | | |
Local | | | - | | | | - | | | | - | | | | - | | | | | | | | | | | | | |
FICA WITHHELD | | | - | | | | - | | | | - | | | | - | | | | | | | | | | | | | |
EMPLOYERS FICA | | | - | | | | - | | | | - | | | | - | | | | | | | | | | | | | |
UNEMPLOYMENT TAX: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Federal | | | - | | | | - | | | | - | | | | - | | | | | | | | | | | | | |
State | | | - | | | | - | | | | - | | | | - | | | | | | | | | | | | | |
SEVERANCE TAXES | | | 5,924 | | | | - | | | | 8,930 | | | | - | | | | | | | | | | | | | |
PROPERTY TAXES | | | 234,033 | | | | 234,033 | | | | - | (1) | | | - | | | | | | | | | | | | | |
STATE INCOME TAXES | | | 600 | | | | 600 | | | | 600 | | | | 600 | | | | | | | | | | | | | |
WORKERS' COMPENSATION | | | - | | | | - | | | | - | | | | - | | | | | | | | | | | | | |
TOTAL POST-PETITION TAXES PAYABLE | | $ | 240,557 | | | $ | 234,633 | | | $ | 9,530 | | | $ | 600 | | | $ | - | | | $ | - | | | $ | - | |
Note: Payroll was paid on September 30, 2009 and therefore no accrual exists at September 30, 2009.
AGING OF ACCOUNTS RECEIVABLE
| | AGED AS OF | | | AS OF | | | AS OF | | | AS OF | | | AS OF | | | AS OF | | | AS OF | |
DAYS | | 07/12/09 | | | 07/31/09 | | | 08/31/09 | | | 09/30/09 | | | 10/31/09 | | | 11/30/09 | | | 12/31/09 | |
0-29 Days | | $ | 859,964 | | | $ | 834,840 | | | $ | 1,463,779 | (2) | | $ | 596,843 | | | | | | | | | | | | | |
30-59 Days | | | 458,658 | | | | 357,127 | | | | 310,849 | (2) | | | 1,098,059 | | | | | | | | | | | | | |
60-89 Days | | | 114,002 | | | | 35,509 | | | | 159,172 | (2) | | | 140,524 | | | | | | | | | | | | | |
90+ Days | | | 81,102 | | | | 359,574 | | | | 545,988 | (2) | | | 794,560 | | | | | | | | | | | | | |
Other | | | 106,930 | (3) | | | 109,775 | (4) | | | 107,371 | (5) | | | 107,693 | (6) | | | | | | | | | | | | |
TOTAL | | $ | 1,620,656 | | | $ | 1,696,825 | | | $ | 2,587,159 | | | $ | 2,737,679 | | | $ | - | | | $ | - | | | $ | - | |
AGING OF ACCOUNTS PAYABLE
| | AGED AS OF | | | AS OF | | | AS OF | | | AS OF | | | AS OF | | | AS OF | | | AS OF | |
DAYS | | 07/12/09 | | | 07/31/09 | | | 08/31/09 | | | 09/30/09 | | | 10/31/09 | | | 11/30/09 | | | 12/31/09 | |
0-29 Days | | $ | 962,389 | | | $ | 1,053,005 | | | $ | 1,541,688 | (1) | | $ | 1,928,255 | | | | | | | | | | | | | |
30-59 Days | | | 286,518 | | | | 665,569 | | | | 259,486 | | | | 241,896 | | | | | | | | | | | | | |
60-89 Days | | | 1,576 | | | | 300 | | | | - | | | | 128,990 | | | | | | | | | | | | | |
90+ Days | | | - | | | | - | | | | 46,486 | | | | - | | | | | | | | | | | | | |
TOTAL | | $ | 1,250,483 | | | $ | 1,718,874 | | | $ | 1,847,660 | | | $ | 2,299,141 | | | $ | - | | | $ | - | | | $ | - | |
Note: This form does not include intercompany accounts receivable.
(1) - Property taxes payable in the amount of $234,033 were transferred from accruals to accounts payable as of 8/31/09.
(2) - Amounts were adjusted from the September 22, 2009 Form 8-K filing to include revenue receivable balances.
(3) - Amount relates to $58,087 of note receivable interest, $41,537 of Bach insurance premiums and $7,306 of COBRA and unbilled LOE/property tax charges from joint partners.
(4) - Amount relates to $59,494 of note receivable interest, $41,537 of Bach insurance premiums and $8,744 of COBRA and unbilled LOE charges from joint partners.
(5) - Amount relates to $61,800 of note receivable interest, $41,537 of Bach insurance premiums and $4,034 of COBRA and unbilled LOE charges from joint partners.
(6) - Amount relates to $64,063 of note receivable interest, $41,537 of Bach insurance premiums and $2,093 of COBRA and unbilled LOE charges from joint partners.
BANK RECONCILIATION AND CASH ACTIVITY REPORT
Month Ended September 30, 2009
Case Name: Aurora Oil & Gas Corporation
Case Number: 09-08254 (SWD)
| | | Northwestern Bank Concentration Account | | | JPMorgan Chase Operating Account (DIP) | | | JPMorgan Chase Disbursement Account (DIP) | | | Charles Schwab & Co. Investment Account | | | Northwestern Bank Money Market (Collateral for LC) | | | Northwestern Bank General Account (Collateral for LC) | | | TOTAL | |
| | | | | | | | | | | | | | | | | | | | | | |
| Bank Balance (9/30/09) | | $ | 6,662 | | | $ | 580,850 | | | $ | 20,954 | | | $ | 10,533 | | | $ | 250,225 | | | $ | 410,385 | | | $ | 1,279,609 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Add: Deposits in Transit | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Subtract: Outstanding Checks | | | (5,613 | ) | | | - | | | | (20,704 | ) | | | - | | | | - | | | | - | | | | (26,316 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Adjusted Bank Balance (9/30/09) | | $ | 1,049 | | | $ | 580,850 | | | $ | 250 | | | $ | 10,533 | | | $ | 250,225 | | | $ | 410,385 | | | $ | 1,253,292 | |
Cash Activity Report | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | |
A | Beginning Book Balance (8/31/09) | | $ | 6,415 | | | $ | 1,597,443 | | | $ | 25 | | | $ | 10,531 | | | $ | 250,442 | | | $ | 409,944 | | | $ | 2,274,799 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
B | | | | - | | | | 509,854 | | | | - | | | | 2 | | | | 225 | | | | - | | | | 510,081 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
C | Transfers In (from other accounts) | | | - | | | | - | | | | 466,382 | | | | - | | | | - | | | | 442 | | | | 466,823 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
D | | | | 6,415 | | | | 2,107,297 | | | | 466,407 | | | | 10,533 | | | | 250,667 | | | | 410,385 | | | | 3,251,703 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
E | | | | (4,978 | ) | | | (1,060,066 | ) | | | (465,769 | ) | | | - | | | | - | | | | - | | | | (1,530,812 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
F | | | | - | | | | (466,382 | ) | | | - | | | | - | | | | (442 | ) | | | - | | | | (466,823 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
G | Ending Book Balance (9/30/09) | | $ | 1,437 | | | $ | 580,850 | | | $ | 638 | | | $ | 10,533 | | | $ | 250,225 | | | $ | 410,385 | | | $ | 1,254,068 | |
* A sweep account at Northwestern Bank is associated with this operating account. Effective July 20, 2009, the sweep account was closed. Also, a zero-balance account for disbursement is associated with this operating account. The presentation of this account in the reconciliation and cash activity is consolidated for these associated accounts.
** A predecessor account at JPMorgan Chase was established prior to the petition date of 7/12/09, in anticipation of the filing. A minimal amount of activity occurred prior to the filing date, after which the account was closed/merged into the new JPMorgan Chase DIP account. The presentation of this account in the reconciliation and cash activity is consolidated for these accounts.
Other Monies on Hand | | | |
| | | |
Aurora keeps $500 in petty cash on hand. | | | |
| | | |
Cash Receipts and Disbursements Detail | | TOTAL | |
| | | |
Receipts | | | |
Operations | | | 364,405 | |
Other Receipts | | | 145,676 | |
Total Receipts | | $ | 510,081 | |
| | | | |
Disbursements | | | | |
Operations | | | 390,481 | |
CapEx | | | - | |
SG&A | | | 292,920 | |
Lenders fees | | | - | |
Debt Service | | | - | |
Restructuring fees | | | 986,175 | |
Changes in working capital | | | (138,764 | ) |
Royalties and Other | | | 38,511 | |
Total Disbursements | | $ | 1,530,812 | |
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
| | Period Ending: | September 30, 2009 | | | |
| | | | | | | |
| | | | Case No: | 09-08254 (SWD) | |
| | | | | | | |
The following information is to be provided for each shareholder, officer, |
director, manager, insider, or owner that is employed by the debtor in possession. |
| | | | | | | |
| | | | | | | |
Name: | Richard Deneau | | Capacity: | | Shareholder | | |
| | | | | Officer | | |
| | | | X | Director | | |
| | | | | Insider | | |
| | | | | | | |
Detailed Description of Duties: | |
| | | | | | | |
| | | | | | | |
| | | | | | | |
| | | | | | | |
Current Compensation Paid: | | | | September 2009 | | |
| | | | | | | |
| | | | | 250.00 | | |
| | | | | | | |
Current Benefits Paid: | | | | September 2009 | | |
| | | | | | | |
| Health Insurance | | | | N/A | | |
| | | | | | | |
| Life Insurance | | | | N/A | | |
| | | | | | | |
| Retirement | | | | N/A | | |
| | | | | | | |
| Company Vehicle | | | | N/A | | |
| | | | | | | |
| Travel | | | | - | | |
| | | | | | | |
| Other Benefits | | | | N/A | | |
| | | | | | | |
| Total Benefits | | | | - | | |
| | | | | | | |
| | | | | | | |
Current Other Payments Paid: | | | | September 2009 | | |
| | | | | | | |
| Rent Paid | | | | N/A | | |
| | | | | | | |
| Loans | | | | N/A | | |
| | | | | | | |
| Other - Consulting Fees | | | | - | | |
| | | | | | | |
| Other - Consulting Travel | | | | - | | |
| | | | | | | |
| Other - Retainer | | | | - | | |
| | | | | | | |
| Total Other Payments | | | | - | | |
| | | | | | | |
CURRENT TOTAL OF ALL PAYMENTS: | | | September 2009 | | |
| | | | | | | |
| | | | | 250.00 | | |
| | | | | | | |
| | | | | | | |
Dated: | October 20, 2009 | | /s/ Sanford R. Edlein | |
| | | Officer | |
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
| | Period Ending: | September 30, 2009 | | | |
| | | | | | | |
| | | | Case No: | 09-08254 (SWD) | |
| | | | | | | |
The following information is to be provided for each shareholder, officer, |
director, manager, insider, or owner that is employed by the debtor in possession. |
| | | | | | | |
| | | | | | | |
Name: | Wayne Schaeffer | | Capacity: | | Shareholder | | |
| | | | | Officer | | |
| | | | X | Director | | |
| | | | | Insider | | |
| | | | | | | |
Detailed Description of Duties: | | | | | | |
| | | | | | | |
| | | | | | | |
| | | | | | | |
| | | | | | | |
Current Compensation Paid: | | | | September 2009 | | |
| | | | | | | |
| | | | | 2,785.00 | | |
| | | | | | | |
Current Benefits Paid: | | | | September 2009 | | |
| | | | | | | |
| Health Insurance | | | | N/A | | |
| | | | | | | |
| Life Insurance | | | | N/A | | |
| | | | | | | |
| Retirement | | | | N/A | | |
| | | | | | | |
| Company Vehicle | | | | N/A | | |
| | | | | | | |
| Travel | | | | 71.50 | | |
| | | | | | | |
| Other Benefits | | | | N/A | | |
| | | | | | | |
| Total Benefits | | | | 71.50 | | |
| | | | | | | |
| | | | | | | |
Current Other Payments Paid: | | | | September 2009 | | |
| | | | | | | |
| Rent Paid | | | | N/A | | |
| | | | | | | |
| Loans | | | | N/A | | |
| | | | | | | |
| Other - Retainer | | | | - | | |
| | | | | | | |
| Other (Describe) | | | | - | | |
| | | | | | | |
| Other (Describe) | | | | - | | |
| | | | | | | |
| Total Other Payments | | | | - | | |
| | | | | | | |
CURRENT TOTAL OF ALL PAYMENTS: | | | September 2009 | | |
| | | | | | | |
| | | | | 2,856.50 | | |
| | | | | | | |
| | | | | | | |
Dated: | October 20, 2009 | | /s/ Sanford R. Edlein | |
| | | Officer | |
FORM 6
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
| | Period Ending: | September 30, 2009 | | | |
| | | | | | | |
| | | | Case No: | 09-08254 (SWD) | |
| | | | | | | |
The following information is to be provided for each shareholder, officer, |
director, manager, insider, or owner that is employed by the debtor in possession. |
| | | | | | | |
| | | | | | | |
Name: | Gary J. Myles | | Capacity: | | Shareholder | | |
| | | | | Officer | | |
| | | | X | Director | | |
| | | | | Insider | | |
| | | | | | | |
Detailed Description of Duties: | | | | | | |
| | | | | | | |
| | | | | | | |
| | | | | | | |
| | | | | | | |
Current Compensation Paid: | | | | September 2009 | | |
| | | | | | | |
| | | | | 3,250.00 | | |
| | | | | | | |
Current Benefits Paid: | | | | September 2009 | | |
| | | | | | | |
| Health Insurance | | | | N/A | | |
| | | | | | | |
| Life Insurance | | | | N/A | | |
| | | | | | | |
| Retirement | | | | N/A | | |
| | | | | | | |
| Company Vehicle | | | | N/A | | |
| | | | | | | |
| Travel | | | | - | | |
| | | | | | | |
| Other Benefits | | | | N/A | | |
| | | | | | | |
| Total Benefits | | | | - | | |
| | | | | | | |
| | | | | | | |
Current Other Payments Paid: | | | | September 2009 | | |
| | | | | | | |
| Rent Paid | | | | N/A | | |
| | | | | | | |
| Loans | | | | N/A | | |
| | | | | | | |
| Other - Retainer | | | | - | | |
| | | | | | | |
| Other (Describe) | | | | - | | |
| | | | | | | |
| Other (Describe) | | | | - | | |
| | | | | | | |
| Total Other Payments | | | | - | | |
| | | | | | | |
CURRENT TOTAL OF ALL PAYMENTS: | | | September 2009 | | |
| | | | | | | |
| | | | | 3,250.00 | | |
| | | | | | | |
| | | | | | | |
Dated: | October 20, 2009 | | /s/ Sanford R. Edlein | |
| | | Officer | |
| | | | | | | |
FORM 6
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
| | Period Ending: | September 30, 2009 | | | |
| | | | | | | |
| | | | Case No: | 09-08254 (SWD) | |
| | | | | | | |
The following information is to be provided for each shareholder, officer, | | |
director, manager, insider, or owner that is employed by the debtor in possession. | |
| | | | | | | |
| | | | | | | |
Name: | Kevin Stulp | | Capacity: | | Shareholder | | |
| | | | | Officer | | |
| | | | X | Director | | |
| | | | | Insider | | |
| | | | | | | |
Detailed Description of Duties: | | | | | | |
| | | | | | | |
| | | | | | | |
| | | | | | | |
| | | | | | | |
Current Compensation Paid: | | | | September 2009 | | |
| | | | | | | |
| | | | | - | | |
| | | | | | | |
Current Benefits Paid: | | | | September 2009 | | |
| | | | | | | |
| Health Insurance | | | | N/A | | |
| | | | | | | |
| Life Insurance | | | | N/A | | |
| | | | | | | |
| Retirement | | | | N/A | | |
| | | | | | | |
| Company Vehicle | | | | N/A | | |
| | | | | | | |
| Travel | | | | - | | |
| | | | | | | |
| Other Benefits | | | | N/A | | |
| | | | | | | |
| Total Benefits | | | | - | | |
| | | | | | | |
| | | | | | | |
Current Other Payments Paid: | | | | September 2009 | | |
| | | | | | | |
| Rent Paid | | | | N/A | | |
| | | | | | | |
| Loans | | | | N/A | | |
| | | | | | | |
| Other - Retainer | | | | - | | |
| | | | | | | |
| Other (Describe) | | | | - | | |
| | | | | | | |
| Other (Describe) | | | | - | | |
| | | | | | | |
| Total Other Payments | | | | - | | |
| | | | | | | |
CURRENT TOTAL OF ALL PAYMENTS: | | | September 2009 | | |
| | | | | | | |
| | | | | - | | |
| | | | | | | |
| | | | | | | |
Dated: | October 20, 2009 | | /s/ Sanford R. Edlein | |
| | | Officer | |
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
| | Period Ending: | September 30, 2009 | | | |
| | | | | | | |
| | | | Case No: | 09-08254 (SWD) | |
| | | | | | | |
The following information is to be provided for each shareholder, officer, |
director, manager, insider, or owner that is employed by the debtor in possession. |
| | | | | | | |
| | | | | | | |
Name: | Earl Young | | Capacity: | | Shareholder | | |
| | | | | Officer | | |
| | | | X | Director | | |
| | | | | Insider | | |
| | | | | | | |
Detailed Description of Duties: | | | | | | |
| | | | | | | |
| | | | | | | |
| | | | | | | |
| | | | | | | |
Current Compensation Paid: | | | | September 2009 | | |
| | | | | | | |
| | | | | 3,000.00 | | |
| | | | | | | |
Current Benefits Paid: | | | | September 2009 | | |
| | | | | | | |
| Health Insurance | | | | N/A | | |
| | | | | | | |
| Life Insurance | | | | N/A | | |
| | | | | | | |
| Retirement | | | | N/A | | |
| | | | | | | |
| Company Vehicle | | | | N/A | | |
| | | | | | | |
| Travel | | | | - | | |
| | | | | | | |
| Other Benefits | | | | N/A | | |
| | | | | | | |
| Total Benefits | | | | - | | |
| | | | | | | |
| | | | | | | |
Current Other Payments Paid: | | | | September 2009 | | |
| | | | | | | |
| Rent Paid | | | | N/A | | |
| | | | | | | |
| Loans | | | | N/A | | |
| | | | | | | |
| Other - Retainer | | | | - | | |
| | | | | | | |
| Other (Describe) | | | | - | | |
| | | | | | | |
| Other (Describe) | | | | - | | |
| | | | | | | |
| Total Other Payments | | | | - | | |
| | | | | | | |
CURRENT TOTAL OF ALL PAYMENTS: | | | September 2009 | | |
| | | | | | | |
| | | | | 3,000.00 | | |
| | | | | | | |
| | | | | | | |
Dated: | October 20, 2009 | | /s/ Sanford R. Edlein | |
| | | Officer | |
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
| | Period Ending: | September 30, 2009 | | | |
| | | | | | | |
| | | | Case No: | 09-08254 (SWD) | |
| | | | | | | |
The following information is to be provided for each shareholder, officer, |
director, manager, insider, or owner that is employed by the debtor in possession. |
| | | | | | | |
| | | | | | | |
Name: | John E. McDevitt | | Capacity: | | Shareholder | | |
| | | | | Officer | | |
| | | | X | Director | | |
| | | | | Insider | | |
| | | | | | | |
Detailed Description of Duties: | | | | | | |
| | | | | | | |
| | | | | | | |
| | | | | | | |
| | | | | | | |
Current Compensation Paid: | | | | September 2009 | | |
| | | | | | | |
| | | | | - | | |
| | | | | | | |
Current Benefits Paid: | | | | September 2009 | | |
| | | | | | | |
| Health Insurance | | | | N/A | | |
| | | | | | | |
| Life Insurance | | | | N/A | | |
| | | | | | | |
| Retirement | | | | N/A | | |
| | | | | | | |
| Company Vehicle | | | | N/A | | |
| | | | | | | |
| Travel | | | | - | | |
| | | | | | | |
| Other Benefits | | | | N/A | | |
| | | | | | | |
| Total Benefits | | | | - | | |
| | | | | | | |
| | | | | | | |
Current Other Payments Paid: | | | | September 2009 | | |
| | | | | | | |
| Rent Paid | | | | N/A | | |
| | | | | | | |
| Loans | | | | N/A | | |
| | | | | | | |
| Other - Retainer | | | | - | | |
| | | | | | | |
| Other (Describe) | | | | - | | |
| | | | | | | |
| Other (Describe) | | | | - | | |
| | | | | | | |
| Total Other Payments | | | | - | | |
| | | | | | | |
CURRENT TOTAL OF ALL PAYMENTS: | | | September 2009 | | |
| | | | | | | |
| | | | | - | | |
| | | | | | | |
| | | | | | | |
Dated: | October 20, 2009 | | /s/ Sanford R. Edlein | |
| | | Officer | |
| | | | | | | |
FORM 6
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
| | Period Ending: | September 30, 2009 | | | |
| | | | | | | |
| | | | Case No: | 09-08254 (SWD) | |
| | | | | | | |
The following information is to be provided for each shareholder, officer, |
director, manager, insider, or owner that is employed by the debtor in possession. |
| | | | | | | |
| | | | | | | |
Name: | David Deneau | | Capacity: | | Shareholder | | |
| | | | | Officer | | |
| | | | | Director | | |
| | | | X | Insider | | |
| | | | | | | |
Detailed Description of Duties: | | | | | | |
Land Supervisor | | | | | | |
| | | | | | | |
| | | | | | | |
| | | | | | | |
Current Compensation Paid: | | | | September 2009 | | |
| | | | | | | |
| | | | | 6,000.00 | | |
| | | | | | | |
Current Benefits Paid: | | | | Total Month | | |
| | | | | | | |
| Health Insurance | | | | 998.46 | | |
| | | | | | | |
| Life Insurance | | | | N/A | | |
| | | | | | | |
| Retirement 401(k) | | | | N/A | | |
| | | | | | | |
| Company Vehicle | | | | N/A | | |
| | | | | | | |
| Travel | | | | N/A | | |
| | | | | | | |
| Other Benefits | | | | - | | |
| Co. Share FICA & Medic | | | 459.00 | | |
| | | | | | | |
| Total Benefits | | | | 1,457.46 | | |
| | | | | | | |
| | | | | | | |
Current Other Payments Paid: | | | | Total Month | | |
| | | | | | | |
| Rent Paid | | | | N/A | | |
| | | | | | | |
| Loans | | | | N/A | | |
| | | | | | | |
| Other - 9/10/09 Expense Report | | | 150.00 | | |
| | | | | | | |
| Other (Describe) | | | | - | | |
| | | | | | | |
| Other (Describe) | | | | - | | |
| | | | | | | |
| Total Other Payments | | | | 150.00 | | |
| | | | | | | |
CURRENT TOTAL OF ALL PAYMENTS: | | | Total Month | | |
| | | | | | | |
| | | | | $7,607.46 | | |
| | | | | | | |
| | | | | | | |
Dated: | October 20, 2009 | | /s/ Sanford R. Edlein | |
| | | Officer | |
Note: 401(k) Employer Matching Contribution suspended 6/1/09 |
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
| | Period Ending: | September 30, 2009 | | | |
| | | | | | | |
| | | | Case No: | 09-08254 (SWD) | |
| | | | | | | |
The following information is to be provided for each shareholder, officer, |
director, manager, insider, or owner that is employed by the debtor in possession. |
| | | | | | | |
| | | | | | | |
Name: | Jeffrey Deneau | | Capacity: | | Shareholder | | |
| | | | X | Officer | | |
| | | | | Director | | |
| | | | X | Insider | | |
| | | | | | | |
Detailed Description of Duties: | | | | | | |
Investor Relations Officer and Treasurer | | | | | |
| | | | | | | |
| | | | | | | |
| | | | | | | |
Current Compensation Paid: | | | | September 2009 | | |
| | | | | | | |
| | | | | 10,000.00 | | |
| | | | | | | |
Current Benefits Paid: | | | | Total Month | | |
| | | | | | | |
| Health Insurance | | | | 998.46 | | |
| | | | | | | |
| Life Insurance | | | | N/A | | |
| | | | | | | |
| Retirement 401(k) | | | | N/A | | |
| | | | | | | |
| Company Vehicle | | | | N/A | | |
| | | | | | | |
| Travel | | | | N/A | | |
| | | | | | | |
| Other Benefits | | | | - | | |
| Co. Share FICA & Medic | | | 145.00 | | |
| | | | | | | |
| Total Benefits | | | | 1,143.46 | | |
| | | | | | | |
| | | | | | | |
Current Other Payments Paid: | | | | Total Month | | |
| | | | | | | |
| Rent Paid | | | | N/A | | |
| | | | | | | |
| Loans | | | | N/A | | |
| | | | | | | |
| Other (Describe) | | | | - | | |
| | | | | | | |
| Other (Describe) | | | | - | | |
| | | | | | | |
| Other (Describe) | | | | - | | |
| | | | | | | |
| Total Other Payments | | | | - | | |
| | | | | | | |
CURRENT TOTAL OF ALL PAYMENTS: | | | Total Month | | |
| | | | | | | |
| | | | | $11,143.46 | | |
| | | | | | | |
| | | | | | | |
Dated: | October 20, 2009 | | /s/ Sanford R. Edlein | |
| | | Officer | |
Note: 401(k) Employer Matching Contribution suspended 6/1/09 | | |
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
| | Period Ending: | September 30, 2009 | | | |
| | | | | | | |
| | | | Case No: | 09-08254 (SWD) | |
| | | | | | | |
The following information is to be provided for each shareholder, officer, |
director, manager, insider, or owner that is employed by the debtor in possession. |
| | | | | | | |
| | | | | | | |
Name: | John Hunter | | Capacity: | | Shareholder | | |
| | | | X | Officer | | |
| | | | | Director | | |
| | | | X | Insider | | |
| | | | | | | |
Detailed Description of Duties: | | |
Vice President of Exploration and Production | | | | |
| | | | | | | |
| | | | | | | |
| | | | | | | |
Current Compensation Paid: | | | | September 2009 | | |
| | | | | | | |
| | | | | 9,350.00 | | |
| | | | | | | |
Current Benefits Paid: | | | | Total Month | | |
| | | | | | | |
| Health Insurance | | | | 998.46 | | |
| | | | | | | |
| Life Insurance | | | | N/A | | |
| | | | | | | |
| Retirement 401(k) | | | | N/A | | |
| | | | | | | |
| Company Vehicle | | | | N/A | | |
| | | | | | | |
| Travel | | | | N/A | | |
| | | | | | | |
| Other Benefits-Relocation Exp | | | 2,500.00 | | |
| Co. Share FICA & Medic | | | 529.78 | | |
| | | | | | | |
| Total Benefits | | | | 4,028.24 | | |
| | | | | | | |
| | | | | | | |
Current Other Payments Paid: | | | | Total Month | | |
| | | | | | | |
| Rent Paid | | | | N/A | | |
| | | | | | | |
| Loans | | | | N/A | | |
| | | | | | | |
| Other- 8/31/09 Expense Report | | | 263.73 | | |
| | | | | | | |
| Other: Carried Working Interest | | | - | | |
| Under Venator Energy LLC, John Hunter has a balance due to AOG of $204,119.21 |
| as of 9/30/09 | | | | | | |
| Other: JIB'd Working Interest | | | - | | |
| Under Venator Energy LLC, John Hunter has a balance due to AOG of $105.97 |
| as of 9/30/09 | | | | | | |
| | | | | | | |
| Total Other Payments | | | | 263.73 | | |
| | | | | | | |
CURRENT TOTAL OF ALL PAYMENTS: | | | Total Month | | |
| | | | | | | |
| | | | | $ 13,641.97 | | |
| | | | | | | |
Dated: | October 20, 2009 | | /s/ Sanford R. Edlein | |
| | | Officer | |
Note: 401(k) Employer Matching Contribution suspended 6/1/09 |
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
| | Period Ending: | September 30, 2009 | | | |
| | | | | | | |
| | | | Case No: | 09-08254 (SWD) | |
| | | | | | | |
The following information is to be provided for each shareholder, officer, |
director, manager, insider, or owner that is employed by the debtor in possession. |
| | | | | | | |
| | | | | | | |
Name: | Barbara Lawson | | Capacity: | | Shareholder | | |
| | | | X | Officer | | |
| | | | | Director | | |
| | | | X | Insider | | |
| | | | | | | |
Detailed Description of Duties: | | | | | | |
Chief Financial Officer | | | | | | |
| | | | | | | |
| | | | | | | |
| | | | | | | |
Current Compensation Paid: | | | | September 2009 | | |
| | | | | | | |
| | | | | 14,166.66 | | |
| | | | | | | |
Current Benefits Paid: | | | | Total Month | | |
| | | | | | | |
| Health Insurance | | | | 830.59 | | |
| | | | | | | |
| Life Insurance | | | | N/A | | |
| | | | | | | |
| Retirement 401(k) | | | | N/A | | |
| | | | | | | |
| Company Vehicle | | | | N/A | | |
| | | | | | | |
| Travel | | | | N/A | | |
| | | | | | | |
| Other Benefits | | | | - | | |
| Co. Share FICA & Medic | | | 201.15 | | |
| | | | | | | |
| Total Benefits | | | | 1,031.74 | | |
| | | | | | | |
| | | | | | | |
Current Other Payments Paid: | | | | Total Month | | |
| | | | | | | |
| Rent Paid | | | | N/A | | |
| | | | | | | |
| Loans | | | | N/A | | |
| | | | | | | |
| Other (Describe) | | | | - | | |
| | | | | | | |
| Other (Describe) | | | | - | | |
| | | | | | | |
| Other (Describe) | | | | - | | |
| | | | | | | |
| Total Other Payments | | | | - | | |
| | | | | | | |
CURRENT TOTAL OF ALL PAYMENTS: | | | Total Month | | |
| | | | | | | |
| | | | | $15,198.40 | | |
| | | | | | | |
| | | | | | | |
Dated: | October 20, 2009 | | /s/ Sanford R. Edlein | |
| | | Officer | |
Note: 401(k) Employer Matching Contribution suspended 6/1/09 |
MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
| | Period Ending: | September 30, 2009 | | | |
| | | | | | | |
| | | | Case No: | 09-08254 (SWD) | |
| | | | | | | |
The following information is to be provided for each shareholder, officer, |
director, manager, insider, or owner that is employed by the debtor in possession. |
| | | | | | | |
| | | | | | | |
Name: | William Deneau | | Capacity: | | Shareholder | | |
| | | | | Officer | | |
| | | | X | Director | | |
| | | | X | Insider | | |
| | | | | | | |
Detailed Description of Duties: | | | | | | |
Chief Executive Officer | | | | | | |
| | | | | | | |
| | | | | | | |
| | | | | | | |
Current Compensation Paid: | | | | September 2009 | | |
| | | | | | | |
| | | | | - | | |
| | | | | | | |
Current Benefits Paid: | | | | Total Month | | |
| | | | | | | |
| Health Insurance | | | | 30.21 | | |
| | | | | | | |
| Life Insurance | | | | N/A | | |
| | | | | | | |
| Retirement 401(k) | | | | N/A | | |
| | | | | | | |
| Company Vehicle | | | | N/A | | |
| | | | | | | |
| Travel | | | | N/A | | |
| | | | | | | |
| Other Benefit - Severance Pckg | | | - | | |
| Co. Share FICA & Medic | | | | | |
| | | | | | | |
| Total Benefits | | | | 30.21 | | |
| | | | | | | |
| | | | | | | |
Current Other Payments Paid: | | | | Total Month | | |
| | | | | | | |
| Rent Paid | | | | N/A | | |
| | | | | | | |
| Loans | | | | N/A | | |
| | | | | | | |
| Other - Consulting Fee | | | | 5,000.00 | | |
| | | | | | | |
| Other (Describe) | | | | - | | |
| | | | | | | |
| Other (Describe) | | | | - | | |
| | | | | | | |
| Total Other Payments | | | | 5,000.00 | | |
| | | | | | | |
CURRENT TOTAL OF ALL PAYMENTS: | | | Total Month | | |
| | | | | | | |
| | | | | $ 5,030.21 | | |
| | | | | | | |
| | | | | | | |
Dated: | October 20, 2009 | | /s/ Sanford R. Edlein | |
| | | Officer | |
Note: 401(k) Employer Matching Contribution suspended 6/1/09 |
SCHEDULE OF IN-FORCE INSURANCE
For Month Ended September 30, 2009
Case Name: Aurora Oil & Gas Corporation
Case Number: 09-08254 (SWD)
Insurance Type | | Carrier/Agent | | Expiration Date |
Building & Personal Property | | Federal Insurance Company (Chubb) | | 1/1/2010 |
Oilfield Lease Property | | Federal Insurance Company (Chubb) | | 1/1/2010 |
Mobile Equipment | | Federal Insurance Company (Chubb) | | 1/1/2010 |
General Liability | | Federal Insurance Company (Chubb) | | 1/1/2010 |
Pollution Liability | | Federal Insurance Company (Chubb) | | 1/1/2010 |
Umbrella - Primary | | Federal Insurance Company (Chubb) | | 1/1/2010 |
Umbrella - Second Layer | | Arch Insurance Group | | 1/1/2010 |
Umbrella - Third Layer | | Federal Insurance Company (Chubb) | | 1/1/2010 |
Control of Well | | Southwest Energy Underwriters (Lloyds) | | 1/1/2010 |
Auto | | New Hampshire Insurance Co. (AIG) | | 1/1/2010 |
Workers Compensation | | Insurance Company of the State of PA (AIG) | | 1/1/2010 |
Directors & Officers Liability - Primary | | National Fire Insurance Co. of Pittsburgh, PA (AIG) | | 10/31/2009 |
Directors & Officers Liability - Excess | | Federal Insurance Company (Chubb) | | 10/31/2009 |
Directors & Officers Liability (Runoff) - Primary | | National Fire Insurance Co. of Pittsburgh, PA (AIG) | | 6 years from trigger date; has not yet been triggered |
Directors & Officers Liability (Runoff) - Excess | | Federal Insurance Company (Chubb) | | 6 years from trigger date; has not yet been triggered |
| | | | |
Note: Aurora Oil & Gas Corporation affirms that all necessary insurance coverages are in effect and all premium payments are current as of the ending date specified above. |