Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - SEAHAWK DRILLING, INC. | d8k.htm |
Exhibit 99.1
United States Bankruptcy Court
Southern District of Texas
Corpus Christi Division
| Case Name: Seahawk Drilling Inc., Debtor in Possession (1) (2) (3) |
Petition Date: | 2/11/2011 | ||||||||||||
| Case Number: 11-20089 |
||||||||||||||
Monthly Operating Report Summary for Month - February / Year 2011
| Description |
Month 2/12/11 to 2/28/11 |
Month 2 |
Month 3 |
Month 4 |
Month 5 |
|||||||||||||||
| Revenues |
4,231,305 | |||||||||||||||||||
| Income Before Interest, Taxes, Depr., Amort. |
(5,554,046 | ) | ||||||||||||||||||
| Net Income (Loss) |
(5,634,484 | ) | ||||||||||||||||||
| Payments to Insiders |
(1,969,502 | ) | ||||||||||||||||||
| Payments to Professionals |
— | |||||||||||||||||||
| Total Disbursements |
(14,207,890 | ) | ||||||||||||||||||
|
Required Insurance Maintained As of Signature Date |
Exp Date |
Circle One |
||||||||||||
| Casualty | Yes (X) | No ( ) | 6/30/2011 | Are all accounts receivable being collected within terms? |
 (4)
| |||||||||
| Liability | Yes (X) | No ( ) | 6/30/2011 | Are all post-petition liabilities, including taxes, being paid within terms? |
| |||||||||
| Vehicle | Yes (X) | No ( ) | 6/30/2011 | Have any pre-petition liabilities been paid? |
| |||||||||
| Workers | Yes (X) | No ( ) | 6/30/2011 | If so, describe: | Only as approved in 1st day order and interim DIP order; taxing authorities, insurance, employee benefits / expense reports, Natixis bank group | |||||||||
| Other | Yes (X) | No ( ) | 6/30/2011 | Are all funds received being deposited into DIP bank accounts? |
| |||||||||
| Were any assets disposed of outside the normal course of business? |
| |||||||||||||
| If so, describe: |
| |||||||||||||
| Are all U.S. Trustee Quarterly Fee Payments current? |
| |||||||||||||
| What is the status of your Plan of Reorganization? Not filed | ||||||||||||||
|
| ||||||||||||||
| Attorney Name |
Berry D. Spears |
I certify under penalty of perjury that the following complete Monthly Operating Report (MOR) is true and correct. | ||||||||||||
| Firm Name |
Fulbright & Jaworski L.L.P. |
|||||||||||||
| Address |
1301 McKinney Suite 5100 |
|
|
Title | Senior V.P. and Chief Financial Officer | |||||||||
| City, State, ZIP |
Houston, TX 77010 |
(Original Signature) | ||||||||||||
| Telephone/Fax |
713.651.5151 |
|||||||||||||
| James R. Easter |
|
3/31/2011 | ||||||||||||
| (Print Name of Signatory) | (Date) | |||||||||||||
| (1) | 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 following entities are included in the joint administration: Seahawk Drilling, Inc., Seahawk Global Holdings, LLC, Seahawk Drilling Management, LLC, Seahawk Drilling, LLC, Seahawk Drilling USA, LLC, Seahawk Offshore Management, LLC, Energy Supply International, LLC, Seahawk Mexico Holdings, LLC. |
| (2) | By agreement with the US Trustee, these reports are to be provided 30 days following each month end. |
| (3) | Prepared according to GAAP, unless otherwise noted |
| (4) | Outstanding receivables continue to be collected within the same time period consistent with our pre-filing experience. |
| MOR 1 | Revised 3/31/2011 |
| Case Name: Seahawk Drilling Inc., Et Al | ||
| Case Number: 11-20089 | ||
Comparative Balance Sheets
| Description |
Filing Date* |
Month 2/28/2011 |
Month 2 |
Month 3 |
Month 4 |
Month 5 |
||||||||||||||||||
| ASSETS | ||||||||||||||||||||||||
| Cash and Cash Equivalents |
$ | 4,071,237 | $ | 3,300,277 | ||||||||||||||||||||
| Trade Receivables, net |
17,987,928 | 16,798,437 | ||||||||||||||||||||||
| Inventory |
— | — | ||||||||||||||||||||||
| Deferred Income Taxes |
0 | 0 | ||||||||||||||||||||||
| Due from Pride |
1,440,670 | 1,440,670 | ||||||||||||||||||||||
| Insurance Claims |
2,072,172 | 1,922,467 | ||||||||||||||||||||||
| Other Current Assets |
7,346,857 | 6,774,007 | ||||||||||||||||||||||
| Assets Held for Sale |
112,300,000 | 112,300,000 | (1) | |||||||||||||||||||||
| Total Current Assets |
145,218,864 | 142,535,858 | ||||||||||||||||||||||
| Property, Plant & Equipment (Net) |
— | — | ||||||||||||||||||||||
| Other Long Term Assets |
— | — | ||||||||||||||||||||||
| Deferred Cost - Long Term Portion |
— | — | ||||||||||||||||||||||
| Goodwill |
— | — | ||||||||||||||||||||||
| Total Other Long Term Assets |
— | — | ||||||||||||||||||||||
| TOTAL ASSETS |
$ | 145,218,864 | $ | 142,535,858 | ||||||||||||||||||||
| LIABILITIES & SHAREHOLDERS EQUITY | ||||||||||||||||||||||||
| Pre-petition Liabilities |
||||||||||||||||||||||||
| Accounts Payable |
12,660,585 | 9,756,143 | ||||||||||||||||||||||
| Pride |
17,181,355 | 17,224,790 | ||||||||||||||||||||||
| Notes Payable - Secured |
||||||||||||||||||||||||
| Priority Debt |
||||||||||||||||||||||||
| Payroll Taxes |
86,667 | 212,993 | ||||||||||||||||||||||
| Unsecured Debt |
||||||||||||||||||||||||
| Other |
36,274,816 | 31,908,482 | ||||||||||||||||||||||
| Total Pre-petition Liabilities |
66,203,423 | 59,102,408 | ||||||||||||||||||||||
| Post-petition Liabilities |
||||||||||||||||||||||||
| Accounts Payable |
— | 358,387 | ||||||||||||||||||||||
| Due to Pride |
— | 184,235 | ||||||||||||||||||||||
| Accrued Expenses |
— | 7,273,405 | ||||||||||||||||||||||
| Current Debt |
17,900,000 | 19,426,465 | ||||||||||||||||||||||
| Other Current Liabilities |
— | 701,772 | ||||||||||||||||||||||
| Total Post-petition Liabilities |
17,900,000 | 27,944,265 | ||||||||||||||||||||||
| Total Current Liabilities |
84,103,423 | 87,046,673 | ||||||||||||||||||||||
| Pre-petition Long-Term Liabilities: |
||||||||||||||||||||||||
| Long-Term Accruals and Provisions |
2,097,818 | 2,097,818 | ||||||||||||||||||||||
| Intercompany Accounts Payable |
354,908,443 | 354,916,671 | (2) | |||||||||||||||||||||
| Deferred Income Taxes - Long Term |
— | — | ||||||||||||||||||||||
| Total Long Term Liabilities |
357,006,261 | 357,014,488 | ||||||||||||||||||||||
| TOTAL LIABILITIES |
441,109,684 | 444,061,161 | ||||||||||||||||||||||
| Total Shareholders Equity |
(295,890,820 | ) | (301,525,303 | ) | ||||||||||||||||||||
| TOTAL LIABILITIES & SHAREHOLDERS EQUITY |
$ | 145,218,864 | $ | 142,535,858 | ||||||||||||||||||||
| * | Per Schedules and Statement of Affairs |
| (1) | Number derived from Hercules HSR filing |
| (2) | The Debtors have scheduled the intercompany claims with the non-Debtor subsidiaries as contingent and disputed. |
| MOR 2 / 3 | Revised 3/31/2011 |
| Case Name: Seahawk Drilling Inc., Et Al |
| Case Number: 11-20089 |
Schedule of Post-Petition Liabilities
| Description |
Month 2/12/11 to 2/28/11 |
Month 2 |
Month 3 |
Month 4 |
Month 5 |
|||||||||||||||
| Pre-Petition Liabilities: |
||||||||||||||||||||
| Trade accounts payable |
$ | 9,756,143 | ||||||||||||||||||
| Due to pride |
17,224,790 | |||||||||||||||||||
| Short-term debt - secured |
— | |||||||||||||||||||
| Accrued expenses and other current liabilities |
||||||||||||||||||||
| Contingency claims |
11,561,084 | (1) | ||||||||||||||||||
| Payroll and benefits |
— | |||||||||||||||||||
| Accrued medical insurance |
4,688,454 | |||||||||||||||||||
| Payroll taxes |
212,993 | |||||||||||||||||||
| Other taxes |
25,000 | |||||||||||||||||||
| Deferred mobilization revenue |
86,666 | |||||||||||||||||||
| Customer advances |
— | |||||||||||||||||||
| Accrued rent |
667,257 | |||||||||||||||||||
| Accrued professional fees |
49,005 | |||||||||||||||||||
| Other accrued expenses |
14,831,015 | |||||||||||||||||||
| Total accrued expenses and other current liabilities |
32,121,475 | |||||||||||||||||||
| Long-term accruals and provisions |
2,097,818 | |||||||||||||||||||
| Intercompany accounts payable |
354,916,670 | (2) | ||||||||||||||||||
| Total Pre-Petition Liabilities |
416,116,896 | |||||||||||||||||||
| Post-Petition Liabilities: |
||||||||||||||||||||
| Trade Accounts Payable |
$ | 358,387 | ||||||||||||||||||
| Due to Pride |
184,235 | |||||||||||||||||||
| Short-term debt (DIP) |
$ | 19,426,465 | ||||||||||||||||||
| Accrued expenses and other current liabilities |
||||||||||||||||||||
| Contingency claims |
— | |||||||||||||||||||
| Payroll and benefits |
630,030 | |||||||||||||||||||
| Accrued medical insurance |
— | |||||||||||||||||||
| Payroll taxes |
567,905 | |||||||||||||||||||
| Other taxes |
95,911 | |||||||||||||||||||
| Deferred mobilization revenue |
256,806 | |||||||||||||||||||
| Customer advances |
358,300 | |||||||||||||||||||
| Accrued rent |
— | |||||||||||||||||||
| Accrued professional fees |
1,223,641 | |||||||||||||||||||
| Other accrued expenses |
4,842,584 | |||||||||||||||||||
| Total accrued expenses and other current liabilities |
7,975,177 | |||||||||||||||||||
| Long-term accruals and provisions |
— | |||||||||||||||||||
| Intercompany accounts payable |
— | |||||||||||||||||||
| Total Post-Petition Liabilities |
27,944,265 | |||||||||||||||||||
| (1) | Contingency claims is comprised of: |
$7.2M Wyoming related charges
$2.7M Personal injury insurance claims
$1.4M Indemnity on Mx Soc Sec and income taxes
$0.2M Employee labor claims
| (2) | The Debtors have scheduled the intercompany claims with the non-Debtor subsidiaries as contingent and disputed. |
| MOR 4 | Revised 3/31/2011 |
| Case Name: Seahawk Drilling Inc., Et Al | ||
| Case Number: 11-20089 | ||
Aging of Post-Petition Liabilities as of February 28, 2011
| Days |
Total | Trade Accounts |
Federal Taxes |
State Taxes |
Ad Valorem, Other Taxes |
Other | ||||||||||||||||||
| 0-30 |
1,022,202 | 358,387 | 567,651 | 253 | 95,911 | |||||||||||||||||||
| 31-60 |
||||||||||||||||||||||||
| 61-90 |
||||||||||||||||||||||||
| 91+ |
||||||||||||||||||||||||
| TOTAL SEAHAWK |
1,022,202 | 358,387 | 567,651 | 253 | 95,911 | |||||||||||||||||||
Aging of Accounts Receivable
| Month |
Month 2/12/11 to 2/28/11 |
Month 2 |
Month 3 |
Month 4 |
Month 5 |
Month 6 |
||||||||||||||||||
| 0-30 |
13,302,498 | |||||||||||||||||||||||
| 31-60 |
3,249,761 | |||||||||||||||||||||||
| 61-90 |
292,314 | |||||||||||||||||||||||
| 91+ |
(46,136 | ) | ||||||||||||||||||||||
| TOTAL SEAHAWK |
16,798,437 | |||||||||||||||||||||||
| MOR 5 | Revised 3/31/2011 |
| Case Name: Seahawk Drilling Inc., Et Al | ||
| Case Number: 11-20089 | ||
Statement of Income (Loss)
| Description |
Month 2/12/11 to 2/28/11 |
Month 2 |
Month 3 |
Month 4 |
Month 5 |
Filing to Date |
||||||||||||||||||
| Operating Revenue |
4,267,470 | |||||||||||||||||||||||
| Mob/Demob/Reimbursable Revenue |
(36,165 | ) | ||||||||||||||||||||||
| Total Revenues |
4,231,305 | |||||||||||||||||||||||
| Costs and Expenses |
||||||||||||||||||||||||
| Operating Costs |
||||||||||||||||||||||||
| Wages & Burden |
1,359,019 | |||||||||||||||||||||||
| Repairs & Maintenance / Supplies |
337,772 | |||||||||||||||||||||||
| Rental Expenses |
168,731 | |||||||||||||||||||||||
| Other Operating Costs |
738,915 | |||||||||||||||||||||||
| Mob/Demob/Reimbursable Expense |
253,764 | |||||||||||||||||||||||
| Other Direct Costs |
619,881 | |||||||||||||||||||||||
| Total Operating Costs |
3,478,080 | |||||||||||||||||||||||
| Depreciation & Amortization |
— | |||||||||||||||||||||||
| General & Administrative |
6,186,228 | |||||||||||||||||||||||
| (Gain) Loss on Sale of Fixed Assets |
— | |||||||||||||||||||||||
| Impairment of Fixed Assets |
— | |||||||||||||||||||||||
| Operating Income (Loss) |
(5,433,004 | ) | ||||||||||||||||||||||
| Other Income (Expense) |
||||||||||||||||||||||||
| Interest Income (Expense) |
(75,933 | ) | ||||||||||||||||||||||
| Other Income (Expense) |
(121,042 | ) | ||||||||||||||||||||||
| Income Before Income Taxes |
(5,629,979 | ) | ||||||||||||||||||||||
| Income Tax Expense (Benefit) |
4,505 | |||||||||||||||||||||||
| Income (Loss) from Continuing Operations |
(5,634,484 | ) | ||||||||||||||||||||||
| MOR 6 | Reviewed 3/31/2011 |
| Case Name: Seahawk Drilling Inc., Et Al | ||
| Case Number: 11-20089 | ||
Statement of Cash Flows
| Description |
Month 2/12/11 to 2/28/11 |
Month 2 |
Month 3 |
Month 4 |
Month 5 |
Filing to Date |
||||||||||||||||||
| Beginning Cash Balance |
4,071,237 | |||||||||||||||||||||||
| Contract Drilling |
6,035,902 | |||||||||||||||||||||||
| Other |
813,007 | |||||||||||||||||||||||
| Total Cash Receipts |
6,848,909 | |||||||||||||||||||||||
| Operating Expenses |
(1,022,663 | ) | ||||||||||||||||||||||
| Payroll |
(2,298,422 | ) | ||||||||||||||||||||||
| Insurance |
(3,520,032 | ) | ||||||||||||||||||||||
| Pride Wyoming |
— | |||||||||||||||||||||||
| Ordinary Course Professionals |
— | |||||||||||||||||||||||
| Rent |
— | |||||||||||||||||||||||
| G&A and Other |
— | |||||||||||||||||||||||
| Total Cash Disbursements |
(6,841,117 | ) | ||||||||||||||||||||||
| Net Cash Flow From Operations |
7,792 | |||||||||||||||||||||||
| Restructuring Related |
||||||||||||||||||||||||
| CIC and LTIP Payments |
(2,305,217 | ) | ||||||||||||||||||||||
| Restructuring Professionals |
— | |||||||||||||||||||||||
| U.S. Trustee |
||||||||||||||||||||||||
| Utility |
||||||||||||||||||||||||
| Total Restructuring Related |
(2,305,217 | ) | ||||||||||||||||||||||
| Financing Fees |
||||||||||||||||||||||||
| Natixis Facility Repayment |
(17,900,000 | ) | ||||||||||||||||||||||
| DIP Fees |
— | |||||||||||||||||||||||
| DIP Interest |
— | |||||||||||||||||||||||
| DIP Borrowings (Repayment) |
19,426,465 | (1) | ||||||||||||||||||||||
| Total Financing Payments / Borrowing |
1,526,465 | |||||||||||||||||||||||
| Ending Cash Balance |
3,300,277 | |||||||||||||||||||||||
| (1) | includes $5.07M repayment on the DIP loan |
| MOR 7 | Revised 3/31/2011 |
| Case Name: Seahawk Drilling Inc., Et Al |
| Case Number: 11-20089 |
| Cash Account Reconciliation - Month of 2/12/11 - 2/28/11 |
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).
| Bank Name Account Number Account Type |
30647841 SDI |
Checking 38749957 SDI |
38749965 SDI |
30803656 SH Drlg LLC |
Checking 38751256 SH Drlg LLC |
38751264 SH Drlg LLC |
30648414 SH Drlg LLC |
30806072 ESI |
Checking 38803853 ESI |
30765063 SDM |
38751248 SDM |
30806099 SDM |
Checking 38803845 SDM |
Encore 303093849 SH Mx Holdings |
Encore 30373377 SH Drlg LLC |
Total | ||||||||||||||||||||||||||||||||||||||||||||||||
| Bank Balance |
3,584,588 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 498,588 | 0 | 4,083,176 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Deposit in Transit |
12,900 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,900 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Outstanding Checks |
0 | (16,015 | ) | 0 | 0 | (5,620 | ) | 0 | 0 | 0 | (54,954 | ) | 0 | 0 | (2,698 | ) | (1,197 | ) | 0 | 0 | (80,484 | ) | ||||||||||||||||||||||||||||||||||||||||||
| Adjusted Bank Balance |
(340 | ) | (6,515 | ) | (2,500 | ) | 0 | 0 | 0 | 0 | 13,486 | 18,785 | 47,775 | (16,610 | ) | 0 | 0 | 1,566 | 55,647 | |||||||||||||||||||||||||||||||||||||||||||||
| Beginning Cash - Per Books |
3,597,148 | (22,530 | ) | (2,500 | ) | 0 | (5,620 | ) | 0 | 0 | 13,486 | (36,169 | ) | 47,775 | (16,610 | ) | (2,698 | ) | (1,197 | ) | 498,588 | 1,566 | 4,071,239 | |||||||||||||||||||||||||||||||||||||||||
| Receipts* |
13,448,463 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,448,463 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Intercompany |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Transfers Between Accounts |
(2,678,150 | ) | 139,689 | 0 | 1,123 | 0 | 0 | 0 | 37,281 | 1,743,021 | 0 | 1,241,052 | 14,572 | (498,588 | ) | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
| (Withdrawal) or Contribution by Individual Debtor MFR - 2 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Adjustment |
14,438 | (308 | ) | 0 | 0 | 0 | 0 | (13,486 | ) | 13,486 | (38,726 | ) | 290 | 17,797 | (19,175 | ) | 0 | 0 | (25,684 | ) | ||||||||||||||||||||||||||||||||||||||||||||
| Checks / Other Disbursements* |
(10,822,162 | ) | (347,932 | ) | 0 | (21,709 | ) | 0 | 0 | 0 | 0 | (1,743,021 | ) | 0 | (1,241,052 | ) | (17,864 | ) | 0 | 0 | (14,193,740 | ) | ||||||||||||||||||||||||||||||||||||||||||
| Ending Cash - Per Books |
3,559,737 | (231,081 | ) | (2,500 | ) | 0 | (26,206 | ) | 0 | 0 | 0 | 14,598 | 9,049 | (16,320 | ) | 15,099 | (23,664 | ) | 0 | 1,566 | 3,300,278 | |||||||||||||||||||||||||||||||||||||||||||
| * | Numbers should balance (match) Total Receipts and Total Disbursement lines on MOR 7. |
| MOR 8 | Revised 3/31/2011 |
| Case Name: Seahawk Drilling Inc., Et Al |
| Case Number: 11-20089 |
Payments to Insiders and Professionals
Of the total disbursements shown for the month, list the amount paid to insiders (as defined in Section 101(31)(A)-(F) of the U.S. Bankruptcy Code) and the professionals.
Also, for insiders, identify the type of compensation paid (e.g. salary, commission, bonus, etc.) (Attach additional pages as necessary).
| Month | Month | Month | Month | Month | ||||||||||||||||
| INSIDERS: NAME / COMP TYPE |
2/12/11 to 2/28/11 | 2 | 3 | 4 | 5 | |||||||||||||||
| 1. Randall D. Stilley / Salaries & Wages |
24,128 | |||||||||||||||||||
| Randall D. Stilley / Restricted Stock Vesting, Non-cash |
740,889 | |||||||||||||||||||
| Randall D. Stilley / Expense Reimbursement |
9,948 | |||||||||||||||||||
| 2. William C. Hoffman / Salaries & Wages |
15,432 | |||||||||||||||||||
| William C. Hoffman / Restricted Stock Vesting, Non-cash |
445,084 | |||||||||||||||||||
| 3. Alejandro Cestero / Salaries & Wages |
5,499 | |||||||||||||||||||
| Alejandro Cestero / PTO Payout |
2,909 | |||||||||||||||||||
| Alejandro Cestero / Restricted Stock Vesting, Non-cash |
179,053 | |||||||||||||||||||
| Alejandro Cestero / Expense Reimbursement |
40 | |||||||||||||||||||
| 4. Raymond Gonzales / Salaries & Wages |
4,855 | |||||||||||||||||||
| Raymond Gonzales / PTO Payout |
1,831 | |||||||||||||||||||
| Raymond Gonzales / Restricted Stock Vesting, Non-cash |
46,500 | |||||||||||||||||||
| 5. James R. Easter / Salaries & Wages |
12,397 | |||||||||||||||||||
| James R. Easter / Restricted Stock Vesting, Non-cash |
116,241 | |||||||||||||||||||
| James R. Easter / Expense Reimbursement |
120 | |||||||||||||||||||
| 6. Robert E. Moore / Salaries & Wages |
5,048 | |||||||||||||||||||
| Robert E. Moore / PTO Payout |
2,654 | |||||||||||||||||||
| Robert E. Moore / Restricted Stock Vesting, Non-cash |
69,750 | |||||||||||||||||||
| 7. Stephen Snider / Board of Directors Restricted Stock Vesting, Non-cash |
78,101 | |||||||||||||||||||
| 8. Franklin F. Myers / Board of Directors Restricted Stock Vesting, Non-cash |
52,401 | |||||||||||||||||||
| 9. Ed P. Segner III / Board of Directors Restricted Stock Vesting, Non-cash |
25,910 | |||||||||||||||||||
| 10. Mark E. Baldwin / Board of Directors Restricted Stock Vesting, Non-cash |
25,910 | |||||||||||||||||||
| 11. Richard J. Alario / Board of Directors Restricted Stock Vesting, Non-cash |
52,401 | |||||||||||||||||||
| 12. John T. Nesser III / Board of Directors Restricted Stock Vesting, Non-cash |
52,401 | |||||||||||||||||||
| TOTAL INSIDERS |
1,969,502 | |||||||||||||||||||
| Month | Month | Month | Month | Month | ||||||||||||||||
| PROFESSIONALS |
2/12/11 to 2/28/11 | 2 | 3 | 4 | 5 | |||||||||||||||
| 1. None during this period. |
||||||||||||||||||||
| 2 |
||||||||||||||||||||
| 3 |
||||||||||||||||||||
| 4 |
||||||||||||||||||||
| 5 |
||||||||||||||||||||
| 6 |
||||||||||||||||||||
| TOTAL PROFESSIONALS |
||||||||||||||||||||
| MOR 9 | Revised 3/31/2011 |
| Case Name: Seahawk Drilling Inc., Et Al |
| Case Number: 11-20089 |
| Disbursements | ||||||||||||||||||||||||||||
| Month | Month | Month | Month | Month | Filing to | |||||||||||||||||||||||
| Entity |
Case No. | 2/12/11 to 2/28/11 | 2 | 3 | 4 | 5 | Date | |||||||||||||||||||||
| SEAHAWK DRILLING LLC |
11-20088 | (25,678.72 | ) | |||||||||||||||||||||||||
| SEAHAWK DRILLING INC. |
11-20089 | (9,647,088.70 | ) | |||||||||||||||||||||||||
| SEAHAWK MEXICO HOLDINGS LLC |
11-20090 | |||||||||||||||||||||||||||
| SEAHAWK DRILLING MANAGEMENT LLC |
11-20091 | (3,265,300.21 | ) | |||||||||||||||||||||||||
| SEAHAWK OFFSHORE MANAGEMENT LLC |
11-20092 | (1,269,822.30 | ) | |||||||||||||||||||||||||
| ENERGY SUPPLY INTERNATIONAL LLC |
11-20093 | |||||||||||||||||||||||||||
| SEAHAWK GLOBAL HOLDINGS LLC |
11-20094 | |||||||||||||||||||||||||||
| SEAHAWK DRILLING USA LLC |
11-20095 | |||||||||||||||||||||||||||
| Total Disbursements (same as MOR-1 disbursements) |
|
(14,207,889.93 | ) | — | — | — | — | |||||||||||||||||||||