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8-K - 8-K - DUNE ENERGY INC | d932076d8k.htm |
Exhibit 99.1
MOR-1 UNITED STATES BANKRUPTCY COURT CASE NAME: Dune Energy, Inc., Dune Operating Company, Dune Properties, Inc. PETITION DATE: 3/8/2015 CASE NUMBER: 15-10336, 15-10337, 15-10338 DISTRICT OF TEXAS: Western District PROPOSED PLAN DATE: TBD DIVISION: Austin, TX MONTHLY OPERATING REPORT SUMMARY: April 2015 MONTH March April REVENUES (MOR-6) 1,480,932.00 1,555,902.00 0.00 0.00 0.00 0.00 INCOME BEFORE INT;DEPREC./TAX (MOR-6) -1,895,084.00 -2,056,316.00 0.00 0.00 0.00 0.00 NET INCOME (LOSS) (MOR-6) -4,005,651.00 3,956,990.00 0.00 0.00 0.00 0.00 PAYMENTS TO INSIDERS (MOR-9) 132,323.32 132,323.32 0.00 0.00 0.00 0.00 PAYMENTS TOPROFESSIONALS (MOR-9) 155,573.59 647,939.03 0.00 0.00 0.00 0.00 TOTAL DISBURSEMENTS (MOR-7) 2,011,361.52 3,029,926.50 0.00 0.00 0.00 0.00 *** The original of this document must be filed with the United States Bankruptcy Court and a copy must be sent to the United States Trustee*** CIRCLE ONE REQUIRED INSURANCE MAINTAINED Are all accounts receivable being collected within terms Yes No AS OF SIGNATURE DATE EXP. Are all post-petition liabilities, including taxes, being paid within terms Yes No DATE Have any pre-petition liabilities been paid? Yes No CASUALTY YES (X) NO ( ) 03-03-2016 If so, describe: Certain payments were made pursuant to First Day Orders LIABILITY YES (X) NO ( ) 10-31-2015 Are all funds received being deposited into DIP bank accounts Yes No VEHICLE YES (X) NO ( ) 01-15-2016 Were any assets disposed of outside the normal course of business Yes No WORKERS YES (X) NO ( ) 03-03-2016 If so, describe OTHER YES (X) NO ( ) 02-01-2016 Are all U.S. Trustee Quarterly Fee Payments current Yes No What is the status of your Plan of Reorganization? The Debtors have not yet filed a Plan of Reorganization ATTORNEY NAME: Kenric Kattner I certify under penalty of perjury that the following complete FIRM NAME: HaynesBoone Monthly Operating Report (MOR), consisting of MOR-1 through ADDRESS:1221 McKinney St MOR-9 plus attachments, is true and correct. ste 2100 CITY, STATE, ZIP: Houston, TX 77010 SIGNED X TITLE: Chief Restructuring Officer TELEPHONE/FAX:713 547-2518 (ORIGINAL SIGNATURE) Donald R. Martin5/20/2015 MOR-1 (PRINT NAME OF SIGNATORY) DATE
CASE NAME: | Dune Energy, Inc., Dune Operating Company, Dune Properties, Inc. | |
CASE NUMBER: | 15-10336, 15-10337, 15-10338 |
COMPARATIVE BALANCE SHEETS
MONTHLY OPERATING REPORT |
FILING DATE* March 8, 2015 |
MONTH* March 2015 |
MONTH* April 2015 |
MONTH | MONTH | MONTH | MONTH | |||||||||||||||||||||
CURRENT ASSETS |
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Cash |
$ | 1,486,590 | $ | 2,928,419 | $ | 1,363,035 | ||||||||||||||||||||||
Accounts Receivable, Net |
$ | 2,658,690 | $ | 2,518,985 | $ | 2,832,217 | ||||||||||||||||||||||
Inventory: Lower of Cost or Market |
$ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||||||
Prepayments and other current assets |
$ | 2,230,279 | $ | 2,132,489 | $ | 1,807,853 | ||||||||||||||||||||||
Investments |
$ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||||||
Other |
$ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||||||
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TOTAL CURRENT ASSETS |
$ | 6,375,559 | $ | 7,579,893 | $ | 6,003,105 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||
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PROPERTY, PLANT & EQUIP. @ COST |
$ | 309,570,864 | $ | 309,894,751 | $ | 309,813,772 | ||||||||||||||||||||||
Less Accumulated Depreciation |
($ | 121,044,287 | ) | ($ | 121,828,545 | ) | ($ | 122,431,539 | ) | |||||||||||||||||||
NET BOOK VALUE OF PP & E |
$ | 188,526,577 | $ | 188,066,206 | $ | 187,382,233 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||
OTHER ASSETS |
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1. Deferred Financing Costs |
$ | 866,738 | $ | 787,317 | $ | 707,896 | ||||||||||||||||||||||
2. Other Assets |
$ | 2,254,125 | $ | 2,254,136 | $ | 2,254,136 | ||||||||||||||||||||||
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TOTAL ASSETS |
$ | 198,022,999 | $ | 198,687,552 | $ | 196,347,370 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||
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* | Per unaudited financial statements prepared by management |
MOR-2
CASE NAME: | Dune Energy, Inc., Dune Operating Company, Dune Properties, Inc. | |
CASE NUMBER: | 15-10336, 15-10337, 15-10338 |
COMPARATIVE BALANCE SHEETS
MONTHLY OPERATING REPORT EQUITY |
FILING DATE* March 8, 2015 |
MONTH* March 2015 |
MONTH* April 2015 |
MONTH | MONTH | MONTH | MONTH | |||||||||||||||||||||
LIABILITIES |
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POST-PETITION LIABILITIES(MOR-4) |
3,693,160 | 4,381,306.40 | ||||||||||||||||||||||||||
PRE-PETITION LIABILITIES |
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Notes Payable - Secured |
111,689,964 | 112,466,917 | 113,215,215 | |||||||||||||||||||||||||
Priority Debt |
0 | 0 | 0 | |||||||||||||||||||||||||
Federal Income Tax |
0 | 0 | 0 | |||||||||||||||||||||||||
FICA/Withholding |
0 | 0 | 0 | |||||||||||||||||||||||||
Unsecured Debt |
16,514,901 | 16,599,095 | 16,480,870 | |||||||||||||||||||||||||
Other |
22,548,485 | 22,744,889 | 22,941,293 | |||||||||||||||||||||||||
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TOTAL PRE-PETITION LIABILITIES |
150,753,350 | 151,810,900 | 152,637,378 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||
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TOTAL LIABILITIES |
150,753,350 | 155,504,061 | 157,018,684 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||
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OWNERS EQUITY (DEFICIT) |
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COMMON STOCK |
74,009 | 74,009 | 74,009 | |||||||||||||||||||||||||
TREASURY STOCK |
(339,790 | ) | (339,790 | ) | (339,790 | ) | ||||||||||||||||||||||
ADDITIONAL PAID-IN CAPITAL |
180,653,012 | 180,572,505 | 180,674,690 | |||||||||||||||||||||||||
RETAINED EARNINGS: Filing Date |
(133,117,582 | ) | (137,123,233 | ) | (141,080,223 | ) | ||||||||||||||||||||||
RETAINED EARNINGS: Post Filing Date |
0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||||
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TOTAL OWNERS EQUITY (NET WORTH) |
47,269,649 | 43,183,491 | 39,328,686 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||
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TOTAL LIABILITIES & OWNERS EQUITY |
198,022,999 | $ | 198,687,552 | $ | 196,347,370 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||
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* | Per unaudited financial statements prepared by management. |
MOR-3
CASE NAME: | Dune Energy, Inc., Dune Operating Company, Dune Properties, Inc. | |
CASE NUMBER: | 15-10336, 15-10337, 15-10338 |
SCHEDULE OF POST-PETITION LIABILITIES
MONTHLY OPERATING REPORT SUMMARY: April 2015 |
MONTH March 2015 |
MONTH April 2015 |
MONTH | MONTH | MONTH | MONTH | ||||||||||||||||||
TRADE ACCOUNTS PAYABLE |
682,803 | 972,956 | ||||||||||||||||||||||
TAX PAYABLE |
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Federal Payroll Taxes |
0.00 | 0.00 | ||||||||||||||||||||||
State Payroll Taxes |
0.00 | 0.00 | ||||||||||||||||||||||
Ad Valorem Taxes |
0.00 | 0.00 | ||||||||||||||||||||||
Other Taxes |
0.00 | 0.00 | ||||||||||||||||||||||
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TOTAL TAXES PAYABLE |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||
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SECURED DEBT POST-PETITION |
3,000,000 | 3,000,000 | ||||||||||||||||||||||
ACCRUED INTEREST PAYABLE |
10,357 | 17,711 | ||||||||||||||||||||||
ACCRUED PROFESSIONAL FEES* |
0.00 | 390,639.53 | ||||||||||||||||||||||
OTHER ACCRUED LIABILITIES |
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1. |
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2. |
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3. |
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TOTAL POST-PETITION LIABILITIES (MOR-3) |
$ | 3,693,160 | $ | 4,381,306 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||
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* | Reflects accrued but unpaid professional fees; payment requires Court Approval; |
MOR-4
CASE NAME: | Dune Energy, Inc., Dune Operating Company, Dune Properties, Inc. | |
CASE NUMBER: | 15-10336, 15-10337, 15-10338 |
AGING OF POST-PETITION LIABILITIES
MONTH April 2015
MONTHLY OPERATING REPORT SUMMARY: April 2015
DAYS |
TOTAL | TRADE ACCOUNTS |
FEDERAL TAXES |
STATE TAXES |
AD VALOREM, OTHER TAXES |
OTHER | ||||||||||||||||||
0-30 |
957,318 | 957,318 | ||||||||||||||||||||||
31-60 |
15,638 | 15,638 | ||||||||||||||||||||||
61-90 |
0 | 0 | ||||||||||||||||||||||
91+ |
0 | 0 | ||||||||||||||||||||||
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TOTAL |
$ | 972,955.68 | $ | 972,955.68 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||
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AGING OF ACCOUNTS RECEIVABLE*
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MONTH |
March 2015** | April 2015** | ||||||||||||||||||||||
0-30 DAYS |
-52,353 | 101,472 | ||||||||||||||||||||||
31-60 DAYS |
133,772 | -49,058 | ||||||||||||||||||||||
61-90 DAYS |
2,493 | 122,674 | ||||||||||||||||||||||
91+ DAYS |
25,398 | 26,494 | ||||||||||||||||||||||
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TOTAL |
$ | 109,309.88 | $ | 201,581.49 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||
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* | Dunes Acounts Receivable accounts do not represent any Oil and Gas production that has not been sold. |
** | This credit balance represents overpayments by two customers. In the normal course these balances will be netted against these customers future payments. |
MOR-5
CASE NAME: | Dune Energy, Inc. | |
CASE NUMBER: | 15-10336 |
STATEMENT OF INCOME (LOSS)
MONTH March 2015 |
MONTH April 2015 |
MONTH | MONTH | MONTH | MONTH | FILING TO DATE |
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MONTHLY OPERATING REPORT SUMMARY: April 2015 |
0.00 | 0.00 | 0 | |||||||||||||||||||||||||
TOTAL COST OF REVENUES |
0.00 | 0.00 | 0 | |||||||||||||||||||||||||
GROSS PROFIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0 | |||||||||||||||||||||
OPERATING EXPENSES: |
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Selling & Marketing |
0.00 | 0.00 | 0 | |||||||||||||||||||||||||
General & Administrative |
0.00 | 325.00 | 325 | |||||||||||||||||||||||||
Other |
0.00 | 0.00 | 0 | |||||||||||||||||||||||||
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TOTAL OPERATING EXPENSES |
0.00 | 325.00 | 0.00 | 0.00 | 0.00 | 0.00 | 325 | |||||||||||||||||||||
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INCOME BEFORE INT, DEPR/TAX (MOR-1) |
0.00 | -325.00 | 0.00 | 0.00 | 0.00 | 0.00 | -325 | |||||||||||||||||||||
INTEREST EXPENSE |
1,045,868.00 | 1,017,007.00 | 2,062,875 | |||||||||||||||||||||||||
DEPRECIATION |
0.00 | 0.00 | 0 | |||||||||||||||||||||||||
OTHER (INCOME) EXPENSE* |
79,421.00 | 79,421.00 | 158,842 | |||||||||||||||||||||||||
OTHER ITEMS |
0.00 | 0.00 | 0 | |||||||||||||||||||||||||
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TOTAL INT, DEPR & OTHER ITEMS |
1,125,289.00 | 1,096,428.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,221,717 | |||||||||||||||||||||
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NET INCOME BEFORE TAXES |
-1,125,289.00 | -1,096,753.00 | 0.00 | 0.00 | 0.00 | 0.00 | -2,222,042 | |||||||||||||||||||||
FEDERAL INCOME TAXES |
0 | |||||||||||||||||||||||||||
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NET INCOME (LOSS) (MOR-1) |
($ | 1,125,289.00 | ) | ($ | 1,096,753.00 | ) | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ($ | 2,222,042 | ) | |||||||||||
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Accrual Accounting Required, Otherwise Footnote with Explanation.
* | Amortization of deffered financing costs |
MOR-6
CASE NAME: | Dune Operating Company | |
CASE NUMBER: | 15-10337 |
STATEMENT OF INCOME (LOSS)
MONTH March 2015 |
MONTH April 2015 |
MONTH | MONTH | MONTH | MONTH | FILING TO DATE |
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MONTHLY OPERATING REPORT SUMMARY: April 2015 |
0 | 0 | 0 | |||||||||||||||||||||||||
TOTAL COST OF REVENUES |
0 | 0 | 0 | |||||||||||||||||||||||||
GROSS PROFIT |
0 | 0 | 0.00 | 0.00 | 0.00 | 0.00 | 0 | |||||||||||||||||||||
OPERATING EXPENSES: |
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Selling & Marketing |
0 | 0 | 0 | |||||||||||||||||||||||||
General & Administrative |
975,044 | 1,044,356 | 2,019,400 | |||||||||||||||||||||||||
Other |
0 | 0 | 0 | |||||||||||||||||||||||||
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TOTAL OPERATING EXPENSES |
975,044 | 1,044,356 | 0.00 | 0.00 | 0.00 | 0.00 | 2,019,400 | |||||||||||||||||||||
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INCOME BEFORE INT, DEPR/TAX (MOR-1) |
-975,044 | -1,044,356 | 0.00 | 0.00 | 0.00 | 0.00 | -2,019,400 | |||||||||||||||||||||
INTEREST EXPENSE |
0 | 0 | 0 | |||||||||||||||||||||||||
DEPRECIATION |
0 | 4,848 | 4,848 | |||||||||||||||||||||||||
OTHER (INCOME) EXPENSE |
-11 | 0 | -11 | |||||||||||||||||||||||||
OTHER ITEMS |
0 | 0 | 0 | |||||||||||||||||||||||||
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TOTAL INT, DEPR & OTHER ITEMS |
-11 | 4,848 | 0.00 | 0.00 | 0.00 | 0.00 | 4,837 | |||||||||||||||||||||
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NET INCOME BEFORE TAXES |
-975,033 | -1,049,204 | 0.00 | 0.00 | 0.00 | 0.00 | -2,024,237 | |||||||||||||||||||||
FEDERAL INCOME TAXES |
0 | 0 | 0 | |||||||||||||||||||||||||
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NET INCOME (LOSS) (MOR-1) |
($ | 975,033 | ) | ($ | 1,049,204 | ) | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ($ | 2,024,237 | ) | |||||||||||
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Accrual Accounting Required, Otherwise Footnote with Explanation.
MOR-6
CASE NAME: | Dune Properties, Inc. | |
CASE NUMBER: | 15-10338 |
STATEMENT OF INCOME (LOSS)
MONTH March 2015 |
MONTH April 2015 |
MONTH | MONTH | MONTH | MONTH | FILING TO DATE |
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MONTHLY OPERATING REPORT SUMMARY: April 2015 |
1,480,932 | 1,555,902 | 3,036,834 | |||||||||||||||||||||||||
TOTAL COST OF REVENUES |
1,425,928 | 1,523,179 | 2,949,107 | |||||||||||||||||||||||||
GROSS PROFIT |
55,004 | 32,723 | 0.00 | 0.00 | 0.00 | 0.00 | 87,727 | |||||||||||||||||||||
OPERATING EXPENSES: |
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Selling & Marketing |
0 | 0 | 0 | |||||||||||||||||||||||||
General & Administrative |
975,044 | 1,044,358 | 2,019,402 | |||||||||||||||||||||||||
Other |
0 | 0 | 0 | |||||||||||||||||||||||||
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TOTAL OPERATING EXPENSES |
975,044 | 1,044,358 | 0.00 | 0.00 | 0.00 | 0.00 | 2,019,402 | |||||||||||||||||||||
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INCOME BEFORE INT, DEPR/TAX (MOR-1) |
-920,040 | -1,011,635 | 0.00 | 0.00 | 0.00 | 0.00 | -1,931,675 | |||||||||||||||||||||
INTEREST EXPENSE |
0 | 0 | 0 | |||||||||||||||||||||||||
DEPRECIATION |
788,885 | 602,994 | 1,391,879 | |||||||||||||||||||||||||
OTHER (INCOME) EXPENSE |
0 | 0 | 0 | |||||||||||||||||||||||||
OTHER ITEMS** |
196,404 | 196,404 | 392,808 | |||||||||||||||||||||||||
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TOTAL INT, DEPR & OTHER ITEMS |
985,289 | 799,398 | 0.00 | 0.00 | 0.00 | 0.00 | 1,784,687 | |||||||||||||||||||||
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NET INCOME BEFORE TAXES |
-1,905,329 | -1,811,033 | 0.00 | 0.00 | 0.00 | 0.00 | -3,716,362 | |||||||||||||||||||||
FEDERAL INCOME TAXES |
0 | 0 | ||||||||||||||||||||||||||
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NET INCOME (LOSS) (MOR-1) |
($ | 1,905,329 | ) | ($ | 1,811,033 | ) | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ($ | 3,716,362 | ) | |||||||||||
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Accrual Accounting Required, Otherwise Footnote with Explanation.
* | Loss on settlement of Asset Retirement Obligations |
** | Accretion of Asset Retirement Obligations |
MOR-6
CASE NAME: | Dune Energy, Inc. | |
CASE NUMBER: | 15-10336 |
CASH RECEIPTS AND DISBURSEMENTS |
MONTH March 2015 |
MONTH April 2015 |
MONTH | MONTH | MONTH | MONTH | FILING TO DATE |
|||||||||||||||||||||
MONTHLY OPERATING REPORT SUMMARY: April 2015 |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||
RECEIPTS: |
||||||||||||||||||||||||||||
2. CASH SALES |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
3. COLLECTION OF ACCOUNTS RECEIVABLE |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
4. LOANS & ADVANCES (attach list) |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
5. SALE OF ASSETS |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
6. OTHER (attach list) |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
TOTAL RECEIPTS |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
DISBURSEMENTS: |
||||||||||||||||||||||||||||
7. NET PAYROLL |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
8. PAYROLL TAXES PAID |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
9. SALES, USE & OTHER TAXES PAID |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
10. SECURED/RENTAL/LEASES |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
11. UTILITIES & TELEPHONE |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
12. INSURANCE |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
13. INVENTORY PURCHASES |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
14. VEHICLE EXPENSES |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
15. TRAVEL & ENTERTAINMENT |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
16. REPAIRS, MAINTENANCE & SUPPLIES |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
17. ADMINISTRATIVE & SELLING |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
18. OTHER (attach list) |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
TOTAL DISBURSEMENTS FROM OPERATIONS |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
19. PROFESSIONAL FEES |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
20. U.S. TRUSTEE FEES |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
21. OTHER REORGANIZATION EXPENSES (attach list) |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
TOTAL DISBURSEMENTS |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
22. NET CASH FLOW |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||
23. CASH - END OF MONTH (MOR-2) |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 |
MOR-7
CASE NAME: | Dune Operating Company | |
CASE NUMBER: | 15-10337 |
CASH RECEIPTS AND DISBURSEMENTS |
MONTH March 2015 |
MONTH April 2015 |
MONTH | MONTH | MONTH | MONTH | FILING TO DATE |
|||||||||||||||||||||
MONTHLY OPERATING REPORT SUMMARY: April 2015 |
$ | 171,197.30 | $ | 2,928,419.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 171,197.30 | ||||||||||||||
RECEIPTS: |
||||||||||||||||||||||||||||
2. CASH SALES |
1,768,583.22 | 1,460,542.50 | 3,229,125.72 | |||||||||||||||||||||||||
3. COLLECTION OF ACCOUNTS RECEIVABLE |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
4. LOANS & ADVANCES (attach list) |
3,000,000.00 | 0.00 | 3,000,000.00 | |||||||||||||||||||||||||
5. SALE OF ASSETS |
0.00 | 4,000.00 | 4,000.00 | |||||||||||||||||||||||||
6. OTHER (attach list) |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
TOTAL RECEIPTS |
4,768,583.22 | 1,464,542.50 | 0.00 | 0.00 | 0.00 | 0.00 | 6,233,125.72 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
DISBURSEMENTS: |
||||||||||||||||||||||||||||
7. NET PAYROLL |
459,120.03 | 454,226.66 | 913,346.69 | |||||||||||||||||||||||||
8. PAYROLL TAXES PAID |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
9. SALES, USE & OTHER TAXES PAID |
320,326.07 | 150,565.89 | 470,891.96 | |||||||||||||||||||||||||
10. SECURED/RENTAL/LEASES |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
11. UTILITIES & TELEPHONE |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
12. INSURANCE |
267,688.02 | 355,633.06 | 623,321.08 | |||||||||||||||||||||||||
13. INVENTORY PURCHASES |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
14. VEHICLE EXPENSES |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
15. TRAVEL & ENTERTAINMENT |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
16. REPAIRS, MAINTENANCE & SUPPLIES |
48,177.00 | 948,605.85 | 996,782.85 | |||||||||||||||||||||||||
17. REVENUES & ROYALTIES |
614,927.30 | 231,720.34 | 846,647.64 | |||||||||||||||||||||||||
17. ADMINISTRATIVE & SELLING |
33,722.06 | 207,254.67 | 240,976.73 | |||||||||||||||||||||||||
18. OTHER (attach list) |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
TOTAL DISBURSEMENTS FROM OPERATIONS |
1,743,960.48 | 2,348,006.47 | 0.00 | 0.00 | 0.00 | 0.00 | 4,091,966.95 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
19. PROFESSIONAL FEES |
155,573.59 | 647,939.03 | 803,512.62 | |||||||||||||||||||||||||
20. U.S. TRUSTEE FEES |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
21. OTHER REORGANIZATION EXPENSES |
111,827.45 | 33,981.00 | 145,808.45 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
TOTAL DISBURSEMENTS |
2,011,361.52 | 3,029,926.50 | 0.00 | 0.00 | 0.00 | 0.00 | 5,041,288.02 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
22. NET CASH FLOW |
2,757,221.70 | -1,565,384.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,191,837.70 | |||||||||||||||||||||
23. CASH - END OF MONTH (MOR-2) |
$ | 2,928,419.00 | $ | 1,363,035.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 1,363,035.00 |
MOR-7
CASE NAME: | Dune Properties, Inc. | |
CASE NUMBER: | 15-10338 |
CASH RECEIPTS AND DISBURSEMENTS |
MONTH March 2015 |
MONTH April 2015 |
MONTH | MONTH | MONTH | MONTH | FILING TO DATE |
|||||||||||||||||||||
MONTHLY OPERATING REPORT SUMMARY: April 2015 |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||
RECEIPTS: |
||||||||||||||||||||||||||||
2. CASH SALES |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
3. COLLECTION OF ACCOUNTS RECEIVABLE |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
4. LOANS & ADVANCES (attach list) |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
5. SALE OF ASSETS |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
6. OTHER (attach list) |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
TOTAL RECEIPTS |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
DISBURSEMENTS: |
||||||||||||||||||||||||||||
7. NET PAYROLL |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
8. PAYROLL TAXES PAID |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
9. SALES, USE & OTHER TAXES PAID |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
10. SECURED/RENTAL/LEASES |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
11. UTILITIES & TELEPHONE |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
12. INSURANCE |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
13. INVENTORY PURCHASES |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
14. VEHICLE EXPENSES |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
15. TRAVEL & ENTERTAINMENT |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
16. REPAIRS, MAINTENANCE & SUPPLIES |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
17. ADMINISTRATIVE & SELLING |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
18. OTHER (attach list) |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
TOTAL DISBURSEMENTS FROM OPERATIONS |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
19. PROFESSIONAL FEES |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
20. U.S. TRUSTEE FEES |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
21. OTHER REORGANIZATION EXPENSES (attach list) |
0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
TOTAL DISBURSEMENTS |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
22. NET CASH FLOW |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||
23. CASH - END OF MONTH (MOR-2) |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 |
MOR-7
CASE NAME: | Dune Energy, Inc., Dune Operating Company, Dune Properties, Inc. | |
CASE NUMBER: | 15-10336, 15-10337, 15-10338 |
CASH ACCOUNT RECONCILIATION | ||
MONTH OF April 2015 |
MONTHLY OPERATING REPORT SUMMARY: April 2015
BANK NAME |
BMO Harris Bank |
BMO Harris Bank |
BMO Harris Bank |
BMO Harris Bank |
BMO Harris Bank |
Prosperity Bank |
Prosperity Bank |
Prosperity Bank |
BBVA Compass Bank |
BBVA Compass Bank |
BBVA Compass Bank |
BBVA Compass Bank |
||||||||||||||||||||||||||||||||||||||||
ACCOUNT NUMBER |
#2175 | #2209 | #2227 | #2191 | #2183 | #5258 | #2831 | #5266 | #0599 | #9028 | #0572 | #7298 | ||||||||||||||||||||||||||||||||||||||||
ACCOUNT TYPE |
OPERATING | CASH CALL |
ADE. ASSURANCE |
REVENUE | PAYABLE | PAYABLE | OPERATING | REVENUE | REVENUE | INSURANCE | MASTER | INTERMEDIARY | TOTAL | |||||||||||||||||||||||||||||||||||||||
BANK BALANCE |
1,936,750.44 | 90,480.02 | 15,000.00 | 267,174.94 | 0.00 | 5,350.00 | 306,120.16 | 75,433.30 | 0.00 | 20,604.26 | 0.00 | 751.81 | $ | 2,717,664.93 | ||||||||||||||||||||||||||||||||||||||
DEPOSITS IN TRANSIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6,557.29 | $ | 6,557.29 | ||||||||||||||||||||||||||||||||||||||
OUTSTANDING CHECKS |
28,096.59 | 0.00 | 0.00 | 124,454.16 | 1,170,007.77 | 5,350.00 | 0.00 | 5,499.35 | 7,175.50 | 20,604.26 | 0.00 | 0.00 | $ | 1,361,187.63 | ||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
ADJUSTED BANK BALANCE |
$ | 1,908,653.85 | $ | 90,480.02 | $ | 15,000.00 | $ | 142,720.78 | ($ | 1,170,007.77 | ) | $ | 0.00 | $ | 306,120.16 | $ | 69,933.95 | ($ | 7,175.50 | ) | $ | 0.00 | $ | 0.00 | $ | 7,309.10 | $ | 1,363,034.59 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
BEGINNING CASH - PER BOOKS |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,773,094.65 | 141,026.05 | -57,268.41 | 0.00 | 0.00 | 71,567.07 | $ | 2,928,419.36 | ||||||||||||||||||||||||||||||||||||||
RECEIPTS |
1,360,001.19 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 53,303.03 | 0.00 | 0.00 | 0.00 | 51,238.28 | 0.00 | $ | 1,464,542.50 | ||||||||||||||||||||||||||||||||||||||
TRANSFERS OUT OF ACCOUNT |
($ | 626,805.81 | ) | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ($ | 2,256,525.32 | ) | $ | 0.00 | $ | 0.00 | $ | 0.00 | ($ | 51,238.28 | ) | ($ | 115,496.25 | ) | ($ | 3,050,065.66 | ) | |||||||||||||||||||||
TRANSFERS INTO ACCOUNT |
1,563,597.50 | 90,480.02 | 15,000.00 | 282,359.17 | 158,968.58 | 660,952.76 | 63,597.50 | 70,814.48 | 50,092.91 | 40,840.10 | 2,124.36 | 51,238.28 | $ | 3,050,065.66 | ||||||||||||||||||||||||||||||||||||||
CHECKS/OTHER DISBURSEMENTS |
388,139.03 | 0.00 | 0.00 | 139,638.39 | 1,328,976.35 | 660,952.76 | 327,348.93 | 141,906.58 | 0.00 | 40,840.10 | 2,124.36 | 0.00 | $ | 3,029,926.50 | ||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
ENDING CASH - PER BOOKS |
$ | 1,908,653.85 | $ | 90,480.02 | $ | 15,000.00 | $ | 142,720.78 | ($ | 1,170,007.77 | ) | $ | 0.00 | $ | 306,120.93 | $ | 69,933.95 | ($ | 7,175.50 | ) | $ | 0.00 | $ | 0.00 | $ | 7,309.10 | $ | 1,363,035.36 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MOR-8
CASE NAME: | Dune Energy, Inc., Dune Operating Company, Dune Properties, Inc. | |
CASE NUMBER: | 15-10336, 15-10337, 15-10338 |
PAYMENTS TO INSIDERS AND PROFESSIONALS
MONTHLY OPERATING REPORT SUMMARY: April 2015
Also, for insiders, identify the type of compensation paid (e.g., salary, commission, bonus, etc.) (Attach additional pages as necessary).
INSIDERS: NAME/COMP TYPE |
MONTH March 2015 |
MONTH April 2015 |
MONTH | MONTH | MONTH | MONTH | ||||||||||||||||||
1. James A Watt/ Salary & 401k |
48,583.34 | 48,583.34 | ||||||||||||||||||||||
2. Frank T. Smith/ Salary & 401k |
29,061.66 | 29,061.66 | ||||||||||||||||||||||
3. Hal L. Bettis/ Salary & 401k |
29,061.66 | 29,061.66 | ||||||||||||||||||||||
4. Richard H. Mourglia/ Salary & 401k |
25,616.66 | 25,616.66 | ||||||||||||||||||||||
5. |
||||||||||||||||||||||||
6. |
||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
TOTAL INSIDERS (MOR-1) |
$ | 132,323.32 | $ | 132,323.32 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
PROFESSIONALS |
MONTH March 2015 |
MONTH April 2015 |
MONTH | MONTH | MONTH | MONTH | ||||||||||||||||||
1. Holland and Knight |
20,000.00 | |||||||||||||||||||||||
2. Mayer Brown, LLP |
135,573.59 | |||||||||||||||||||||||
3. FTI Consulting |
159,480.00 | |||||||||||||||||||||||
4. CTMI, LLC |
12,500.00 | |||||||||||||||||||||||
5. Donald Martin |
55,234.20 | |||||||||||||||||||||||
6. Deloitte CRG |
129,073.74 | |||||||||||||||||||||||
7 Haynes and Boone |
226,438.74 | |||||||||||||||||||||||
8 Prime Clerk |
65,212.35 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
TOTAL PROFESSIONALS (MOR-1) |
$ | 155,573.59 | $ | 647,939.03 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
MOR-9