Global Geophysical Services Inc - FORM 8-K - EX-99.1 - EXHIBIT 99.1 - September 2, 2014

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Exhibit 99.1
 
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF TEXAS
CORPUS CHRISTI DIVISION
 
CASE NAME:
AUTOSEIS, INC. ET AL
      
PETITION DATE:
3/25/2014
  
CASE NUMBER:
14-20130
              
                 
                 
MONTHLY OPERATING REPORT SUMMARY FOR MONTH  
July
YEAR  
2014
(Amounts in '000s)
              
MONTH
  
3/25/14 TO 3/31/14
April
May
June
July
Total
REVENUES (MOR-6)
  
 $                   2,832
 $                 37,350
 $                        23,761
 $                13,441
 $                 24,574
 $                      101,959
INCOME BEFORE INT; DEPREC./TAX (MOR-6)
                     (2,733)
                     (2,440)
                         (14,323)
                   (9,501)
                     (4,541)
                         (33,538)
NET INCOME (LOSS) (MOR-6)
  
                     (4,040)
                   (19,277)
                         (18,174)
                 (11,925)
                     (8,303)
                         (61,719)
PAYMENTS TO INSIDERS (MOR-9)
                              -
                         260
                                322
                        307
                         372
                             1,261
PAYMENTS TO PROFESSIONALS (MOR-9)
                           19
                      1,561
                             1,449
                     2,987
                      2,387
                             8,403
TOTAL DISBURSEMENTS (MOR-7 and Exhibit A) **
 $                   5,565
 $               117,086
 $                        24,061
 $                22,871
 $                 26,241
 $                      195,824
                 
**The jointly administered Debtors are authorized to file monthly operating reports on a consolidated basis, and have disbursements broken down by case number on Exhibit A attached**
***The original of this document must be filed with the United States Bankruptcy Court***
      
             
Yes / No
  
REQUIRED INSURANCE MAINTAINED
  
Are all accounts receivable being collected within terms?
No
  
      AS OF SIGNATURE DATE
  
EXP.
Are all post-petition liabilities, including taxes, being paid within terms?
No
  
________________________________
DATE
Have any pre-petition liabilities been paid?
Yes
  
CASUALTY                            YES (X)  NO (  )
4/1/2015
If so, describe
Payments related to First Day Motions granted
  
LIABILITY                             YES (X)  NO (  )
4/1/2015
Are all funds received being deposited into DIP bank accounts (1)?
No
  
VEHICLE                                YES (X)  NO (  )
4/1/2015
Were any assets disposed of outside the normal course of business?
No
  
WORKER'S                             YES (X) NO (  )
4/1/2015
If so, describe
        
OTHER                                   YES ( X ) NO (  )
4/1/2015
Are all U.S. Trustee Quarterly Fee Payments current?
Yes
  
       
What is the status of your Plan of Reorganization?
No Plan Filed
  
                 
                 
ATTORNEY NAME:
Omar Alaniz
    
I certify under penalty of perjury that the following complete
    
FIRM NAME:
Baker & Botts
    
Monthly Operating Report (MOR), consisting of MOR-1 through
  
ADDRESS:
2001 Ross Avenue
  
MOR-9 plus attachments, is true and correct, to the best of my knowledge.
                 
CITY, STATE, ZIP:
Dallas, TX 75201
  
SIGNED X ________/s/ Sean M. Gore__________
TITLE:   
Senior Vice President - Chief Financial Officer
TELEPHONE/FAX:
214.953.6500/214.953.6503
            
       
Sean M. Gore
   8/26/14
       
(PRINT NAME OF SIGNATORY)
  
DATE
                 
MOR-1
                
Note:
                
(1) Collections in certain foreign jurisdictions are received locally and used to make payroll for employees and vendors in those foreign jurisdictions
 
 
 
 
CASE NAME:
AUTOSEIS, INC. ET AL
  
CASE NUMBER:
14-20130
  
 
COMPARATIVE BALANCE SHEETS
(Amounts in '000s)
ASSETS
MONTH
MONTH
MONTH
MONTH
MONTH
  MONTH
 
3/25/14 TO 3/31/14
April
May
June
July
  
CURRENT ASSETS
            
Cash - U.S. bank accounts
 $                24,465
 $             41,937
 $             37,561
 $             29,044
 $             17,461
  
Cash  - non-U.S. bank accounts
                     4,687
                  2,950
                  2,119
                  2,143
                  2,032
  
Restricted cash
                        990
                     990
                     990
                     486
481
  
Trade Accounts Receivable, Net
                   20,428
                17,099
                15,699
                11,320
13,264
  
Unbilled Accounts Receivable
                   19,335
                27,876
                28,989
                29,508
31,653
  
Other Accounts Receivable
                          87
                       87
                       87
                       89
89
  
Inventory:  Lower of Cost or Market
                        107
                     107
                     107
                     107
                     107
  
Prepaid Expenses
                     4,093
                  7,048
                  4,547
                  4,028
3,350
  
Investments
                            -
                          -
                          -
                          -
                          -
  
Mobilization costs, net
                   17,110
                  7,972
                  3,994
                  3,416
1,425
  
Other
                        266
                     266
                       15
                       15
15
  
TOTAL CURRENT ASSETS
                   91,568
              106,331
                94,107
                80,157
                69,878
                          -
PROPERTY, PLANT & EQUIP. @ COST
  
              339,483
              340,271
              330,241
330,857
  
Less Accumulated Depreciation
                 267,128
              269,710
              272,209
              261,304
              263,824
  
NET BOOK VALUE OF PP & E
                   73,431
                69,773
                68,062
                68,937
                67,033
                          -
OTHER ASSETS
            
Tax Deposits
                            -
                          -
                          -
                          -
                          -
  
Investments in Subsidiaries
                            1
                         1
                         1
                         1
1
  
Electric Deposit
                            -
                          -
                       30
                       30
30
  
Investment in multi-client library, net
  
              173,832
              166,435
              163,488
155,350
  
Intercompany receivable, net
                   69,366
                78,860
                83,529
                84,972
87,919
  
Goodwill
                   10,967
                10,967
                10,967
                10,967
                10,967
  
Intangible assets
                     7,004
                  6,908
                  6,811
                  6,809
6,711
  
Debt issuance costs, net
                     8,940
                  8,571
                  8,168
                  7,762
7,352
  
Deposits and other
                        401
                     422
                     430
                     404
 $                  327
  
TOTAL ASSETS
 $              443,919
 $           455,666
 $           438,540
 $           423,527
 $           405,568
 $                       -
 
<Note 1> The debtor cash balance above is broken out between U.S. bank accounts and non-U.S. bank accounts. The U.S. bank accounts contains the Citibank Argentina account as the funds are controlled by Houston. The U.S. bank account ties to the Ending Cash per Books on MOR8. MOR8 contains information for the current month for all U.S. bank accounts and is broken out into two categories, accounts where the funds are controlled by Houston Corporate office and other U.S. accounts. The Ending Cash per Books for the first subtotal (accounts where the funds are controlled by Houston Corporate office) on MOR8 ties to the Ending Cash per Books - End of Month on MOR7. MOR7 contains the activity for accounts where the funds are controlled by Houston Corporate office.
 
MOR-2
Revised 07/01/98
 
 
 
CASE NAME:
AUTOSEIS, INC. ET AL
  
CASE NUMBER:
14-20130
  
 
COMPARATIVE BALANCE SHEETS
(Amounts in '000s)
LIABILITIES & OWNER'S
MONTH
MONTH
MONTH
MONTH
MONTH
  MONTH
EQUITY
3/25/14 TO 3/31/14
April
May
June
July
  
LIABILITIES
            
POST-PETITION LIABILITIES(MOR-4)
$32,785
$172,846
$178,018
$181,434
$175,476
  
PRE-PETITION LIABILITIES
            
Secured Debt
                   86,498
                  4,386
                  4,081
                  3,776
                  3,468
  
Federal Income Tax
                            -
                          -
                          -
                          -
                          -
  
FICA/Withholding
                        583
                          -
                          -
                          -
                          -
  
Unsecured Debt
                 251,225
              253,312
              253,307
              254,210
              253,008
  
Deferred Revenue
                   23,367
                  6,311
                  2,295
                          -
                          -
  
VAT
                     2,330
                  2,595
                  2,595
                  2,595
                          -
  
Trade A/P
                   25,090
                15,769
                13,885
                13,253
                13,461
  
Accrued payroll liabilities
                        719
                          -
                          -
                          -
                          -
  
Accrued bond interest
                   10,080
                10,514
                10,514
                10,514
                10,514
  
Expense Accruals
                   10,495
                  3,108
                  2,833
                  3,726
                  3,641
  
Other
                            -
                          -
                          -
                          -
                          -
  
TOTAL PRE-PETITION LIABILITIES
                 410,387
              295,995
              289,510
              288,073
              284,092
  
TOTAL LIABILITIES
                 443,172
              468,841
              467,528
$469,507
              459,568
                          -
OWNER'S EQUITY (DEFICIT)
            
PREFERRED STOCK
                            -
                          -
                          -
                          -
                          -
  
COMMON STOCK
                        500
                     500
                     500
                     500
                     500
  
ADDITIONAL PAID-IN CAPITAL
                 174,813
              175,531
              176,230
              176,841
              177,508
  
RETAINED EARNINGS:  Filing Date
               (170,526)
             (165,889)
             (164,227)
             (169,904)
             (170,289)
  
RETAINED EARNINGS:  Post Filing Date
                   (4,040)
               (23,317)
               (41,491)
               (53,416)
               (61,719)
  
TOTAL OWNER'S EQUITY (NET WORTH)
                        747
               (13,174)
               (28,988)
               (45,980)
               (54,001)
                          -
TOTAL LIABILITIES & OWNERS EQUITY
$443,919
$455,666
$438,540
$423,527
 $           405,568
 $                       -
 
MOR-3
Revised 07/01/98
 
 
 
CASE NAME:
AUTOSEIS, INC. ET AL
  
CASE NUMBER:
14-20130
  
 
SCHEDULE OF POST-PETITION LIABILITIES
(Amounts in '000s)
 
MONTH
MONTH
MONTH
MONTH
MONTH
  MONTH
 
3/25/14 TO 3/31/14
April
May
June
July
  
TRADE ACCOUNTS PAYABLE
 $                   2,559
 $               3,097
 $               1,975
 $               4,235
 $               4,773
  
TAX PAYABLE
            
Federal and State Payroll Taxes
                         389
                     942
                     941
                     873
                     858
  
Ad Valorem Taxes
                         173
                     184
                     184
                     336
                     336
  
Other Taxes
                              -
                          -
                          -
                          -
                          -
  
SECURED DEBT POST-PETITION
                    25,000
              151,881
              151,881
              151,881
              153,049
  
ACCRUED INTEREST PAYABLE
                         602
                       47
                       47
                       47
                       47
  
ACCRUED PROFESSIONAL FEES*
                              -
                       13
                  5,331
                  5,827
                  4,041
  
OTHER  ACCRUED LIABILITIES
            
VAT
                           96
                     468
                     380
                  1,218
                     150
  
Deferred Revenue
                      1,669
                  4,207
                  6,684
                  7,693
                  4,902
  
Accrued payroll liabilities
                         480
                  1,672
                  1,226
                  1,289
                  1,040
  
Expense Accruals
                      1,817
                10,335
                  9,369
                  8,035
                  6,279
  
             
TOTAL POST-PETITION LIABILITIES (MOR-3)
 $                 32,785
 $           172,846
 $           178,018
 $           181,434
 $           175,476
 $                       -
*Payment requires Court Approval
 
MOR-4
Revised 07/01/98
 
 
 
CASE NAME:
AUTOSEIS, INC. ET AL
  
CASE NUMBER:
14-20130
  
 
AGING OF POST-PETITION LIABILITIES
MONTH   July 2014
(Amounts in '000s)
DAYS
TOTAL
TRADE
FEDERAL AND STATE
AD VALOREM,
  
   
ACCOUNTS
PAYROLL TAXES
OTHER TAXES
OTHER
0-30
 $                           5,382
 $                           4,188
 $                                 858
 $                              336
 $                                  -
31-60
                                 101
                                 101
 -
 -
  
61-90
                                 264
                                 264
      
91+
                                 220
 220 (1)
      
TOTAL
 $                           5,966
 $                           4,773
 $                                 858
 $                              336
 $                                  -
 
 
AGING OF ACCOUNTS RECEIVABLE
(Amounts in '000s)
           
MONTH
          
 
March 2014
April 2014
May 2014
June 2014
July 2014
 0-30 DAYS
 $                         15,625
 $                           9,564
 $                              9,837
 $                           6,768
 $                           9,935
 31-60 DAYS
                              2,845
                              4,769
                                 2,272
                                 247
                                 452
 61-90 DAYS
                                 118
                                 624
                                 1,750
                                 868
                                 168
 91+ DAYS
                              1,840
                              2,143
                                 1,840
                              3,437
                              2,709
TOTAL
 $                         20,428
 $                         17,099
 $                            15,699
 $                         11,320
 $                         13,264
 
(1) The $220 thousand of accounts payable in the 61-90 day bucket relates to the portion of the professional fees subject to holdback. The end of the 120 day holdback period for this invoice is 09/05/2014.
 
MOR-5
Revised 07/01/98
 
 
 
CASE NAME:
AUTOSEIS, INC. ET AL
  
CASE NUMBER:
14-20130
  
 
STATEMENT OF INCOME (LOSS)
(Amounts in '000s)
 
MONTH
MONTH
MONTH
MONTH
MONTH
FILING TO
 
3/25/14 TO 3/31/14
April
May
June
July
DATE
REVENUES    (MOR-1)
 $              2,832
 $            37,350
 $            23,761
13,441
24,574
 $          101,959
TOTAL COST OF REVENUES
                 3,378
               23,982
               18,698
10,182
10,094
               66,334
GROSS PROFIT
                  (546)
               13,368
                 5,064
                 3,259
               14,480
               35,625
OPERATING EXPENSES:
            
Selling & Marketing
                    110
                 3,961
                 2,461
                 1,145
                 4,445
               12,122
General & Administrative
                 1,497
                 1,739
                 2,223
                 4,113
                 1,601
               11,173
Insiders Compensation
                        -
                    260
                    322
                    307
                    372
                 1,261
Professional Fees
                      19
                 1,574
                 6,856
                 4,158
                 4,004
               16,611
Other - Gain on Fixed Asset Disposal
  (243)
                  (134)
                    (17)
                  (525)
                    (17)
                   (936)
Other - Multi-Client Amortization
  804
                 8,408
                 7,541
                 3,562
                 8,616
               28,932
TOTAL OPERATING EXPENSES
  2,187
               15,808
               19,387
               12,760
               19,021
               69,163
INCOME BEFORE INT, DEPR/TAX (MOR-1)
  (2,733)
               (2,440)
             (14,323)
               (9,501)
               (4,541)
              (33,538)
INTEREST EXPENSE
                    223
                 1,311
                 1,932
                 1,971
                 1,939
                 7,377
DEPRECIATION
                    922
                 1,863
                 1,549
                      16
                 1,482
                 5,832
OTHER (INCOME) EXPENSE*
                        -
                        -
                    189
                        -
                      17
                    206
FOREIGN EXCHANGE (GAIN) LOSS
  110
                  (373)
                      86
                      19
                      88
                     (70)
LOSS ON DEBT EXTINGUISHMENT
 -
               13,594
                        -
                        -
                        -
               13,594
OTHER ITEMS**
                        -
                        -
                        -
                        -
                        -
                         -
TOTAL INT, DEPR & OTHER ITEMS
  1,255
               16,395
                 3,757
                 2,006
                 3,526
               26,939
NET INCOME BEFORE TAXES
  (3,988)
             (18,835)
             (18,080)
             (11,507)
               (8,067)
              (60,477)
INCOME and OTHER TAXES
                      52
                    442
                      94
418
                    236
                 1,242
NET INCOME (LOSS) (MOR-1)
  (4,040)
 $          (19,277)
 $          (18,174)
 $          (11,925)
 $            (8,303)
 $           (61,719)
Accrual Accounting Required, Otherwise Footnote with Explanation.
* Footnote Mandatory.
* * Unusual and/or infrequent item(s) outside the ordinary course of business requires footnote.
 
MOR-6
Revised 07/01/98
 
 
 
CASE NAME:
AUTOSEIS, INC. ET AL
  
CASE NUMBER:
14-20130
  
 
(Amounts in '000s)
CASH RECEIPTS AND
 MONTH
 MONTH
 MONTH
 MONTH
 MONTH
 FILING TO
DISBURSEMENTS
 3/25/14 TO 3/31/14
 April
 May
 June
 July
 DATE
  1. CASH-BEGINNING OF MONTH / PERIOD
 $                  2,431
 $             23,451
 $             41,937
 $             36,830
 $             28,214
 $                                            2,431
RECEIPTS:
            
  2.  CASH RECIEPTS FROM REGIONS
                        680
                  1,225
                     595
                          -
                          -
                                               2,500
  3.  CASH RECEIPTS FROM CUSTOMERS
                     1,674
                10,599
                18,486
                14,050
                14,771
                                             59,580
  4.  PROCEEDS FROM DIP FUNDING
                   24,232
              123,019
                          -
                          -
                          -
                                           147,251
  5.  SALE OF ASSETS
                            -
                          -
                          -
                          -
                          -
                                                      -
  6.  OTHER (attach list)
                            -
                          -
                          -
                          -
                          -
                                                      -
TOTAL RECEIPTS**
                   26,586
              134,843
                19,081
                14,050
                14,771
                                           209,331
(Withdrawal) Contribution by Individual Debtor MFR-2*
                            -
                          -
                          -
                          -
                          -
                                                      -
DISBURSEMENTS:
            
  7.  CASH REQUESTS FROM REGIONS
                     3,175
                  2,687
                  7,506
                  7,378
                11,925
                                             32,671
  8.  PAYROLL, PER DIEM & BENEFITS
                            -
                  5,229
                  4,021
                  3,739
                  3,555
                                             16,543
  9.  PAYROLL IOM (ISLE OF MAN)
                            -
                     890
                     877
                     974
                  1,097
                                               3,838
10.  ACCOUNTS PAYABLE (POST PETITION ONLY)
                        150
                  6,602
                  6,874
                  6,039
                  5,325
                                             24,990
11.  SENIOR DEBT INTEREST
                     2,222
                          -
                          -
                          -
                          -
                                               2,222
12.  INTEREST/FEES ON ADDITIONAL DEBT
                            -
                     431
                  1,419
                  1,466
                  1,466
                                               4,782
13. BANKRUPTCY RELATED PAYMENTS (PRE PETITION ONLY) ***
  
                  6,820
                  1,280
                     287
                       15
                                               8,401
14.  INSURANCE PAYMENTS
                            -
                  1,040
                     635
                          -
                     472
                                               2,147
15. TPG LOAN PAYMENT
                            -
                91,881
                          -
                          -
                          -
                                             91,881
16.  OTHER (attach list)
                            -
                          -
                          -
                          -
                          -
                                                      -
TOTAL DISBURSEMENTS FROM OPERATIONS
                     5,547
              115,580
                22,611
                19,883
                23,855
                                           187,476
17.  DEBTOR PROFESSIONAL FEES
                            -
                     883
                     434
                  2,188
                  1,614
                                               5,120
18.  DIP LENDER PROFESSIONAL FEES
                          19
                     621
                     740
                     638
                     631
                                               2,649
19.  SENIOR LENDER PROFESSIONAL FEES
                            -
                          -
                          -
                          -
                          -
                                                      -
20. UNSECURED CREDITORS COMMITTEE PROFESSIONAL FEES
  
                          -
                     262
                     161
                     110
                                                  533
21.  U.S. TRUSTEE FEES
                            -
                         2
                       13
  
                       31
                                                    46
22. OTHER REORGANIZATION EXPENSES (attach list)
  
                          -
                          -
                          -
                          -
                                                      -
TOTAL DISBURSEMENTS**
                     5,565
              117,086
                24,061
                22,871
                26,241
                                           195,824
23.  NET CASH FLOW
                   21,021
                17,757
                (4,979)
                (8,821)
              (11,471)
                                             13,507
24.  CASH - END OF MONTH
 $                23,451
 $             41,208
 $             36,957
 $             28,009
 $             16,743
 $                                          15,938
24.  ADJUSTMENTS RELATED TO PRIOR PERIODS
                            -
                     157
                   (133)
                     106
                          -
                                                  130
25.  UNRECORDED DISBURSEMENTS / DISBURSEMENTS RECORDED IN PRIOR PERIOD
                            -
                     572
                       14
                       99
                          -
                                                  685
26. UNRECORDED RECEIPTS / RECEIPTS RECORDED IN PRIOR PERIOD
  
                          -
                       (8)
                          -
                          -
  
27.  ENDING CASH PER BOOKS - END OF MONTH (MOR-8)
 $                23,451
 $             41,937
 $             36,830
 $             28,214
 $             16,743
 $                                          16,753
 
 * Applies to Individual debtors only
 **Numbers for the current month should balance (match)
      RECEIPTS and CHECKS/OTHER DISBURSEMENTS lines on MOR-8
***Pre-petition Bankruptcy related payment include payments under Critical Vendor (including Logistics & 503(b)(9) claims), Foreign Vendors, & Wage motion relief related payments
 
[NOTE 1] Cash balance includes accounts where the funds are controlled by Houston Corporate office
[NOTE 2] Receipts and Disbursements include amounts received and sent from Houston Corporate Office
[NOTE 3] May ‘Cash Requests from Regions’ was understated by 53k and, accordingly, ‘Payroll, Per Diem & Benefits’ was overstated by 53k due to clerical error which incorrectly classified funds transferred to the U.S. Land account.
[NOTE 4]  MOR 7 contains the activity for accounts where the funds are controlled by Houston Corporate office. The Ending Cash per Books - End of Month above ties to the Ending Cash per Books for the first subtotal (accounts where the funds are controlled by Houston Corporate office) on MOR8.  MOR8 contains information for the current month for all U.S. bank accounts and is broken out into two categories, accounts where the funds are controlled by Houston Corporate office and other U.S. accounts. The total Ending Cash per Books on MOR8 ties to the Cash - U.S. bank accounts on MOR2.  MOR2 shows the debtor cash balance and is broken out between U.S. bank accounts and non-U.S. bank accounts.
 
 
MOR-7
 Revised 07/01/98
 
 
 
CASE NAME:
AUTOSEIS, INC. ET AL
  
CASE NUMBER:
14-20130
  
     
 
CASH ACCOUNT RECONCILIATION
PERIOD 07/01/2014 - 07/31/2014
 
(Amounts in '000s)
BANK NAME
Bank of America
Bank of America
Bank of America
Bank of America
Bank of America
Bank of America
Bank of America
Bank of America
Bank of America
Bank of America
ACCOUNT NUMBER
488 031 266 121
488 031 266 134
488 031 266 147
488 031 266 150
488 031 266 163
488 032 919 590
488 031 266 176
488 035 058 966
488 038 382 972
488 038 414 688
ACCOUNT TYPE
Investment
Master
Depository
Operating
Operating
Operating
Operating
Operating
Operating
Operating
BANK BALANCE
 $                     0
 $             27,865
 $                     -
 $                     -
 $                     -
 $                 186
 $                     -
 $                     -
 $                   19
 $                     -
DEPOSITS IN TRANSIT
                        -
                14,771
                14,771
                        -
                        -
                        -
                        -
                        -
                        -
                        -
OUTSTANDING CHECKS
                        -
                26,187
                        -
                        -
                    573
                        -
                        -
                        -
                      (1)
                        -
OTHER
                        -
                        4
                14,771
                   (140)
                    (32)
                        -
                        -
                      (4)
                      25
                        -
ADJUSTED BANK BALANCE
 $                     0
 $             16,445
 $                     -
 $                 140
 $                (542)
 $                 186
 $                     -
 $                     4
 $                   (5)
 $                     -
BEGINNING CASH - PER BOOKS
 $                     0
 $             27,865
 $                   (0)
 $                 134
 $                (571)
 $                 186
 $                     -
 $                     4
 $                   20
 $                     -
RECEIPTS* (4)
    
                14,771
              
TRANSFERS BETWEEN ACCOUNTS (4)
                    
TRANSFERS BETWEEN ACCOUNTS (5)
  
              (11,416)
              (14,771)
                 1,566
                21,431
      
                      31
                        -
TRANSFERS TO FOREIGN DEBTOR ENTITIES (5)
        
              (10,646)
          
TRANSFERS TO FOREIGN NON-DEBTOR ENTITIES (5)
        
                      (4)
          
TRANSFERS FROM FOREIGN DEBTOR ENTITIES (4)
                    
TRANSFERS FROM FOREIGN NON-DEBTOR ENTITIES (4)
                    
(WITHDRAWAL) OR 
INDIVIDUAL
CONTRIBUTION BY DEBTOR MFR-2
                    
CHECKS/OTHER DISBURSEMENTS* (5)
  
                      (4)
                        -
                (1,560)
              (10,752)
      
                    (56)
  
ADJUSTMENTS RELATED TO OTHER PERIODS
                    
ENDING CASH - PER BOOKS
 $                     0
 $             16,445
 $                     -
 $                 140
 $                (542)
 $                 186
 $                     -
 $                     4
 $                   (5)
 $                     -
UNRECORDED DISBURSEMENTS / DISBURSEMENTS RECORDED IN PRIOR PERIOD (5)
                    
UNRECORDED RECEIPTS / RECEIPTS RECORDED IN PRIOR PERIOD (4)
                    
ADJUSTED ENDING CASH - PER BOOKS
 $                     0
 $             16,445
 $                     -
 $                 140
 $                (542)
 $                 186
 $                     -
 $                     4
 $                   (5)
 $                     -
 
*Numbers should balance (match) TOTAL RECEIPTS (Includes transfer
to Corporate) and TOTAL DISBURSEMENTS (includes Foreign .
Transfers) lines on MOR-7.
 
(1) This subtotal represents accounts where the funds are controlled by Houston Corporate office; receipts and disbursements tie to MOR-7
 
(2) This subtotal contains the Citibank Argentina account as the funds are controlled by Houston Corporate office.
 
(3) This subtotal represents domestic accounts related to payroll disbursement  and operating accounts not directly controlled by Corporate
 
(4) The sum of these rows for the first subtotal agrees to total receipts on MOR-7
 
(5) The sum of these rows for the first subtotal agrees to total disbursements on MOR-7
 
<Note 1>  Citi payroll bank account 3074 4174 has been removed from the May MOR8 scheduled and will not be included going forward. This bank account is a non-debtor bank account and was inadvertently included on the March and April MOR8 schedule.
 
<Note 2>  MOR8 contains information for the current month for all U.S. bank accounts and is broken out into two categories, accounts where the funds are controlled by Houston Corporate office and other U.S. accounts. The total Ending Cash per Books above ties to the Cash - U.S. bank accounts on MOR2.  MOR2 shows the debtor cash balance and is broken out between U.S. bank accounts and non-U.S. bank accounts. The Ending Cash per Books for the first subtotal (accounts where the funds are controlled by Houston Corporate office) above  ties to the Ending Cash per Books - End of Month on MOR7.  MOR7 contains the activity for accounts where the funds are controlled by Houston Corporate office.
MOR-8
 
 
 
 
CASE NAME:
AUTOSEIS, INC. ET AL
  
CASE NUMBER:
14-20130
  
     
 
CASH ACCOUNT RECONCILIATION
PERIOD 07/01/2014 - 07/31/2014
 
(Amounts in '000s)
BANK NAME
Amegy
Amegy
Citi
Citi
  
Citi
Citi
Bank of America
Wells Fargo
Wells Fargo
ACCOUNT NUMBER
3354784
51577557
3065 9287
30854015
  
3066 5361
3876 6415
488 038 409 088
8964670833
8429980983
ACCOUNT TYPE
Operating
Operating
Operating
Operating
Subtotal (1) (2)
Payroll
Payroll
Operating
Operating
Operating
BANK BALANCE
 $                     -
 $                 505
 $                     9
 $                     3
 $             28,587
 $                 648
 $                (138)
 $                     5
 $                     -
 $                 295
DEPOSITS IN TRANSIT
                        5
                        -
                        -
                        -
                29,546
                        -
                        -
                        -
                        -
                        -
OUTSTANDING CHECKS
                        -
                        -
                        -
                        -
                26,759
                        -
                        -
                        -
                        -
                      75
OTHER
                        2
                        5
                        -
                        -
                14,631
                        -
                        -
                      (1)
                        -
                      (3)
ADJUSTED BANK BALANCE
 $                     3
 $                 500
 $                     9
 $                     3
                16,743
 $                 648
 $                (138)
 $                     6
 $                     -
 $                 224
BEGINNING CASH - PER BOOKS
 $                     0
 $                 505
 $                   47
 $                   24
                28,214
 $                 666
 $                (154)
 $                     4
 $                     -
 $                 336
RECEIPTS* (4)
        
                14,771
          
TRANSFERS BETWEEN ACCOUNTS (4)
        
                        -
          
TRANSFERS BETWEEN ACCOUNTS (5)
                        5
                      (5)
                 1,095
                        -
                (2,064)
                 1,905
                      34
                      19
  
                    106
TRANSFERS TO FOREIGN DEBTOR ENTITIES (5)
    
                    (35)
                    (21)
              (10,702)
          
TRANSFERS TO FOREIGN NON-DEBTOR ENTITIES (5)
    
                (1,095)
 
                (1,099)
          
TRANSFERS FROM FOREIGN DEBTOR ENTITIES (4)
        
                        -
          
TRANSFERS FROM FOREIGN NON-DEBTOR ENTITIES (4)
        
                        -
          
(WITHDRAWAL) OR
INDIVIDUAL
CONTRIBUTION BY DEBTOR MFR-2
        
                        -
          
CHECKS/OTHER DISBURSEMENTS* (5)
                      (2)
  
                      (3)
 
              (12,377)
                (1,923)
                    (18)
                    (17)
  
                   (219)
ADJUSTMENTS RELATED TO OTHER PERIODS
        
                        -
          
ENDING CASH - PER BOOKS
 $                     3
 $                 500
 $                     9
 $                     3
 $             16,743
 $                 648
 $                (138)
 $                     6
 $                     -
 $                 224
UNRECORDED DISBURSEMENTS / DISBURSEMENTS RECORDED IN PRIOR PERIOD (5)
        
                        -
          
UNRECORDED RECEIPTS / RECEIPTS RECORDED IN PRIOR PERIOD (4)
        
                        -
          
ADJUSTED ENDING CASH - PER BOOKS
 $                     3
 $                 500
 $                     9
 $                     3
 $             16,743
 $                 648
 $                (138)
 $                     6
 $                     -
 $                 224
 
*Numbers should balance (match) TOTAL RECEIPTS (Includes transfer
to Corporate) and TOTAL DISBURSEMENTS (includes Foreign .
Transfers) lines on MOR-7.
 
(1) This subtotal represents accounts where the funds are controlled by Houston Corporate office; receipts and disbursements tie to MOR-7
 
(2) This subtotal contains the Citibank Argentina account as the funds are controlled by Houston Corporate office.
 
(3) This subtotal represents domestic accounts related to payroll disbursement and operating accounts not directly controlled by Corporate
 
(4) The sum of these rows for the first subtotal agrees to total receipts on MOR-7
 
(5) The sum of these rows for the first subtotal agrees to total disbursements on MOR-7
 
<Note 1> Citi payroll bank account 3074 4174 has been removed from the May MOR8 scheduled and will not be included going forward. This bank account is a non-debtor bank account and was inadvertently included on the March and April MOR8 schedule.
 
<Note 2> MOR8 contains information for the current month for all U.S. bank accounts and is broken out into two categories, accounts where the funds are controlled by Houston Corporate office and other U.S. accounts. The total Ending Cash per Books above ties to the Cash - U.S. bank accounts on MOR2. MOR2 shows the debtor cash balance and is broken out between U.S. bank accounts and non-U.S. bank accounts. The Ending Cash per Books for the first subtotal (accounts where the funds are controlled by Houston Corporate office) above ties to the Ending Cash per Books - End of Month on MOR7. MOR7 contains the activity for accounts where the funds are controlled by Houston Corporate office.
MOR-8
 
 
 
 
CASE NAME:
AUTOSEIS, INC. ET AL
  
CASE NUMBER:
14-20130
  
     
 
CASH ACCOUNT RECONCILIATION
PERIOD 07/01/2014 - 07/31/2014
 
(Amounts in '000s)
BANK NAME
Wells Fargo
Wells Fargo
Amegy
Amegy
Amegy
Amegy
    
ACCOUNT NUMBER
8429980983
9043440404
51577514
51897373
3687805
3690415
    
ACCOUNT TYPE
Operating
Operating
Payroll
Payroll
Payroll
Operating
Subtotal (3)
TOTAL
BANK BALANCE
 $                 295
 $                     -
 $                     -
 $                     -
 $                     -
 $                     1
 $                 812
 $             29,399
DEPOSITS IN TRANSIT
                        -
                        -
                        -
                        1
                        -
                        -
                        1
                29,548
OUTSTANDING CHECKS
                      75
                        -
                        -
                      24
                        -
                        -
                      99
                26,858
OTHER
                      (3)
                        0
                        -
                        -
                        -
                        -
                      (4)
                14,627
ADJUSTED BANK BALANCE
 $                 224
 $                   (0)
 $                     -
 $                  (23)
 $                     -
 $                     1
                    718
                17,461
BEGINNING CASH - PER BOOKS
 $                 336
 $                     0
 $                     -
 $                  (23)
 $                     -
 $                     1
                    830
                29,044
RECEIPTS* (4)
            
                        -
                14,771
TRANSFERS BETWEEN ACCOUNTS (4)
            
                        -
                        -
TRANSFERS BETWEEN ACCOUNTS (5)
                    106
          
                 2,064
                      (0)
TRANSFERS TO FOREIGN DEBTOR ENTITIES (5)
            
                        -
              (10,702)
TRANSFERS TO FOREIGN NON-DEBTOR ENTITIES (5)
            
                        -
                (1,099)
TRANSFERS FROM FOREIGN DEBTOR ENTITIES (4)
            
                        -
                        -
TRANSFERS FROM FOREIGN NON-DEBTOR ENTITIES (4)
            
                        -
                        -
(WITHDRAWAL) OR
INDIVIDUAL
CONTRIBUTION BY DEBTOR MFR-2
            
                        -
                        -
CHECKS/OTHER DISBURSEMENTS* (5)
                   (219)
          
                (2,176)
              (14,553)
ADJUSTMENTS RELATED TO OTHER PERIODS
            
                        -
                        -
ENDING CASH - PER BOOKS
 $                 224
 $                     0
 $                     -
 $                  (23)
 $                     -
 $                     1
 $                 718
 $             17,461
UNRECORDED DISBURSEMENTS / DISBURSEMENTS RECORDED IN PRIOR PERIOD (5)
            
                        -
                        -
UNRECORDED RECEIPTS / RECEIPTS RECORDED IN PRIOR PERIOD (4)
            
                        -
                        -
ADJUSTED ENDING CASH - PER BOOKS
 $                 224
 $                     0
 $                     -
 $                  (23)
 $                     -
 $                     1
 $                 718
 $             17,461
 
*Numbers should balance (match) TOTAL RECEIPTS (Includes transfer
to Corporate) and TOTAL DISBURSEMENTS (includes Foreign .
Transfers) lines on MOR-7.
 
(1) This subtotal represents accounts where the funds are controlled by Houston Corporate office; receipts and disbursements tie to MOR-7
 
(2) This subtotal contains the Citibank Argentina account as the funds are controlled by Houston Corporate office.
 
(3) This subtotal represents domestic accounts related to payroll disbursement and operating accounts not directly controlled by Corporate
 
(4) The sum of these rows for the first subtotal agrees to total receipts on MOR-7
 
(5) The sum of these rows for the first subtotal agrees to total disbursements on MOR-7
 
<Note 1> Citi payroll bank account 3074 4174 has been removed from the May MOR8 scheduled and will not be included going forward. This bank account is a non-debtor bank account and was inadvertently included on the March and April MOR8 schedule.
 
<Note 2> MOR8 contains information for the current month for all U.S. bank accounts and is broken out into two categories, accounts where the funds are controlled by Houston Corporate office and other U.S. accounts. The total Ending Cash per Books above ties to the Cash - U.S. bank accounts on MOR2. MOR2 shows the debtor cash balance and is broken out between U.S. bank accounts and non-U.S. bank accounts. The Ending Cash per Books for the first subtotal (accounts where the funds are controlled by Houston Corporate office) above ties to the Ending Cash per Books - End of Month on MOR7. MOR7 contains the activity for accounts where the funds are controlled by Houston Corporate office.
MOR-8
 
 
 
 
CASE NAME:
AUTOSEIS, INC. ET AL
   
CASE NUMBER:
14-20130
    
         
         
PAYMENTS TO INSIDERS AND PROFESSIONALS
(Amounts in '000s)
         
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).
         
         
MONTH
MONTH
MONTH
MONTH
MONTH
MONTH
  INSIDERS: NAME/COMP TYPE
    
3/25/14 TO 3/31/14
April
May
June
July
  
                     
1
  
Bahorich, Michael S.
Director
Compensation
  
$ -
$ -
$ -
$ 10
  
       
Expense Reimbursement
  
-
-
-
-
  
2
  
Branch, Caroline
Officer
Compensation
  
7
10
10
10
  
       
Expense Reimbursement
  
1
1
0
0
  
3
  
Brasher, James E.
Officer
Compensation
  
25
25
18
25
  
       
Expense Reimbursement
  
1
-
1
1
  
4
  
Fleure, Thomas J.
Officer
Compensation
  
13
20
20
20
  
       
Expense Reimbursement
  
-
3
-
5
  
5
  
Flynn, Maurice
Officer
Compensation
  
13
28
23
34
  
       
Expense Reimbursement
  
5
-
3
1
  
6
  
Forrest, Michael C.
Director
Compensation
  
-
-
-
10
  
       
Expense Reimbursement
  
-
-
-
-
  
7
  
Gore, Sean M.
Officer
Compensation
  
17
25
25
25
  
       
Expense Reimbursement
  
-
-
-
-
  
8
  
Howell, Jeff M.
Officer
Compensation
  
13
14
14
14
  
       
Expense Reimbursement
  
1
-
0
-
  
9
  
Kurz, Karl F.
Director
Compensation
  
-
-
-
15
  
       
Expense Reimbursement
  
-
-
-
-
  
10
  
Lahouse, Thomas M.
Officer
Compensation
  
13
18
18
18
  
       
Expense Reimbursement
  
1
-
-
-
  
11
  
Matelich, George E.
Director
Compensation
  
-
-
-
-
  
       
Expense Reimbursement
  
-
-
-
-
  
12
  
Mccoy, Joseph P.
Director
Compensation
  
-
-
-
15
  
       
Expense Reimbursement
  
-
-
-
-
  
13
  
Muse Jr., Ralph B.
Officer
Compensation
  
13
20
17
-
  
       
Expense Reimbursement
  
3
1
1
-
  
14
  
Osborne, Stanley De J.
Director
Compensation
  
-
-
-
-
  
       
Expense Reimbursement
  
-
-
-
-
  
15
  
Peebles, Ross G.
Officer
Compensation
  
16
23
26
25
  
       
Expense Reimbursement
  
8
2
3
0
  
16
  
Riley Jr., Duncan W.
Officer
Compensation
  
14
21
21
21
  
       
Expense Reimbursement
  
2
2
3
-
  
17
  
Skerl, Damir S.
Director
Compensation
  
-
-
-
13
  
       
Expense Reimbursement
  
-
-
-
-
  
18
  
Terrell, Tracy C.
Officer
Compensation
  
16
20
20
20
  
       
Expense Reimbursement
  
0
0
2
5
  
19
  
Verghese, P. Mathew
Officer
Compensation
  
19
27
27
27
  
       
Expense Reimbursement
  
5
2
1
0
  
20
  
White, Richard C.
Officer
Compensation
  
26
33
33
33
  
       
Expense Reimbursement
  
12
7
0
3
  
21
  
Yapuncich, George T.
Officer
Compensation
  
14
21
21
21
  
       
Expense Reimbursement
  
-
-
-
-
  
TOTAL INSIDERS (MOR-1)
  
$ -
$ 260
$ 322
$ 307
$ 372
-
                     
         
MONTH
MONTH
MONTH
MONTH
MONTH
MONTH
    PROFESSIONALS
  
3/25/14 TO 3/31/14
April
May
June
July
  
                     
   
Akin Gump Strass Hauer & Feld LLP
$ -
$ 371
$ 492
$ 444
$ 439
  
   
Alvarez & Marsal, LLC
  
-
-
-
923
871
  
   
Baker Botts LLP
    
-
1,153
371
  
   
Ernst & Young
-
86
34
-
-
  
   
Greenberg Traurig, LLP
  
-
-
262
161
-
  
   
Joele Frank, Wilkinson Brimmer Katcher
-
-
15
-
34
  
   
Jordan, Hyden, Womble, Culbreth & Holzer
-
-
47
42
15
  
   
Lazard Middle Market LLC
  
-
-
-
-
110
  
   
Opportune
  
-
250
154
163
158
  
   
Prime Clerk
  
-
21
121
70
51
  
   
Ropes & Gray, LLP
  
-
-
94
31
-
  
   
Rothschild Inc.
  
-
-
217
-
271
  
   
U.S. Trustee Payment Center
  
-
2
13
-
31
  
   
UHY LLP
  
-
777
-
-
35
  
   
Wilmington Trust [1]
  
19
55
-
-
-
  
                   
                   
TOTAL PROFESSIONALS (MOR-1)
$ 19
$ 1,561
$ 1,449
$ 2,987
$ 2,387
$ -
 
[1] Amounts netted against DIP funding
 
MOR-9
Revised 07/01/98
 
 
 
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF TEXAS
CORPUS CHRISTI DIVISION
Exhibit A - CONSOLIDATING DISBURSEMENTS OF JOINTLY ADMINISTERED CASES IN CHAPTER 11
 
 
CASE NAME:
AUTOSEIS, INC. ET AL
  
JOINT ADMINISTRATION CASE NUMBER:
14-20130
    
 
 
       
DISBURSEMENTS
(Amounts in '000s)
  
                                             
Entity
Case No.
    
3/25/14 TO
3/31/14
    
April
    
May
    
June
    
July
  
August
Sept.
  
Filing to Date
  
AUTOSEIS, INC.
 14-20130     $ -     $ -     $ -                     $ -  
GLOBAL GEOPHYSICAL SERVICES, INC.
 14-20131       5,565       117,086       24,061       22,871       26,241           195,824  
GLOBAL GEOPHYSICAL EAME, INC.
 14-20132       -       -       -       -       -           -  
GGS INTERNATIONAL HOLDINGS, INC.
 14-20133       -       -       -       -       -           -  
ACCRETE MONITORING, INC.
 14-20134       -       -       -       -       -           -  
AUTOSEIS DEVELOPMENT COMPANY
 14-20135       -       -       -       -       -           -  
                                                         
Total Disbursements (same as MOR-1 disbursements)
     $ 5,565     $ 117,086     $ 24,061     $ 22,871     $ 26,241         $ 195,824  
 
 
 
 
Exhibit A

Global Geophysical Services Inc Reports