Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - DUNE ENERGY INC | d69472d8k.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 |
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| CASE NUMBER: 15-10336, 15-10337, 15-10338 | DISTRICT OF TEXAS: | Western District |
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| PROPOSED PLAN DATE: 8/20/2015 | DIVISION: | Austin, TX |
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MONTHLY OPERATING REPORT SUMMARY: July 2015
| MONTH |
March | April | May | June | July | |||||||||||||||||||
| REVENUES (MOR-6) |
1,480,932 | 1,555,902 | 1,757,039 | 1,882,578 | -197,777 | 0.00 | ||||||||||||||||||
| INCOME BEFORE INT; DEPREC./TAX (MOR-6) |
-1,895,084 | -2,056,316 | -1,201,815 | -1,361,591 | -1,257,839 | 0.00 | ||||||||||||||||||
| NET INCOME (LOSS) (MOR-6) |
-4,005,651 | -3,956,990 | -3,102,284 | -3,270,159 | -148,722,719 | 0.00 | ||||||||||||||||||
| PAYMENTS TO INSIDERS (MOR-9) |
132,323 | 132,323 | 132,323 | 132,323 | 184,528 | 0.00 | ||||||||||||||||||
| PAYMENTS TO PROFESSIONALS (MOR-9) |
155,574 | 647,939 | 253,402 | 1,328,680 | 1,298,770 | 0.00 | ||||||||||||||||||
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| TOTAL DISBURSEMENTS (MOR-7) |
2,011,362 | 3,029,927 | 2,477,842 | 3,345,222 | 11,673,095 | 0.00 | ||||||||||||||||||
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***The original of this document must be filed with the United States Bankruptcy Court and a copy must be sent to the United States Trustee***
| CIRCLE ONE | ||||||||||||||
| REQUIRED INSURANCE MAINTAINED AS OF SIGNATURE DATE |
EXP. DATE |
Are all accounts receivable being collected within terms? |
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No | ||||||||||
| CASUALTY | YES (X) NO ( ) | 03-03-2016 | Are all post-petition liabilities, including taxes, being paid within terms? |
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No | |||||||||
| LIABILITY | YES (X) NO ( ) | 10-31-2015 | Have anypre-petition liabilities been paid? |
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No | |||||||||
| VEHICLE | YES (X) NO ( ) | 01-15-2016 | If so, describe: |
Certain payments were made pursuant to First Day Orders | ||||||||||
| WORKER’S | YES (X) NO ( ) | 03-03-2016 | Are all funds received being deposited into DIP bank accounts? |
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No | |||||||||
| OTHER | YES (X) NO ( ) | 02-01-2016 | Were any assets disposed of outside the normal course of business? | Yes |
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| If so, describe |
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| Are all U.S. Trustee Quarterly Fee Payments current? |
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No | ||||||||||||
| What is the status of your Plan of Reorganization? | The Debtors filed a Plan of Reorganization on 8/20/15 | |||||||
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| ATTORNEY NAME: | Kenric Kattner |
I certify under penalty of perjury that the following complete Monthly Operating Report (MOR), consisting of MOR-1 through MOR-9 plus attachments, is true and correct. | ||||||||||||
| FIRM NAME: | HaynesBoone |
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| ADDRESS: | 1221 McKinney St |
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| ste 2100 |
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| CITY, STATE, ZIP: | Houston, TX 77010 |
SIGNED X | TITLE: | Chief Restructuring Officer | ||||||||||
| TELEPHONE/FAX: | 713 547-2518 |
(ORIGINAL SIGNATURE) | ||||||||||||
| Donald R. Martin |
8/25/2015 | |||||||||||||
| 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
| ASSETS |
FILING DATE* March 8, 2015 |
MONTH* March 2015 |
MONTH* April 2015 |
MONTH* May 2015 |
MONTH* June 2015 |
MONTH* July 2015 |
MONTH | |||||||||||||||||||||
| CURRENT ASSETS |
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| Cash |
$ | 1,486,590 | $ | 2,928,419 | $ | 1,363,035 | $ | 1,503,615 | $ | 862,437 | $ | 13,888,978 | ||||||||||||||||
| Accounts Receivable, Net |
$ | 2,658,690 | $ | 2,518,985 | $ | 2,832,217 | $ | 3,170,218 | $ | 3,356,014 | $ | 187,050 | ||||||||||||||||
| Inventory: Lower of Cost or Market |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| Prepayments and other current assets |
$ | 2,230,279 | $ | 2,132,489 | $ | 1,807,853 | $ | 1,513,038 | $ | 1,220,306 | $ | 588,144 | ||||||||||||||||
| Investments |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| Other |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
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| TOTAL CURRENT ASSETS |
$ | 6,375,559 | $ | 7,579,893 | $ | 6,003,105 | $ | 6,186,871 | $ | 5,438,757 | $ | 14,664,172 | $ | 0 | ||||||||||||||
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| PROPERTY, PLANT & EQUIP. @ COST |
$ | 309,570,864 | $ | 309,894,751 | $ | 309,813,772 | $ | 310,036,043 | $ | 310,218,276 | $ | 130,470 | ||||||||||||||||
| Less Accumulated Depreciation |
($ | 121,044,287 | ) | ($ | 121,828,545 | ) | ($ | 122,431,539 | ) | ($ | 123,005,437 | ) | ($ | 123,611,656 | ) | $ | 0 | |||||||||||
| NET BOOK VALUE OF PP & E |
$ | 188,526,577 | $ | 188,066,206 | $ | 187,382,233 | $ | 187,030,606 | $ | 186,606,620 | $ | 130,470 | $ | 0 | ||||||||||||||
| OTHER ASSETS |
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| 1. Deferred Financing Costs |
$ | 866,738 | $ | 787,317 | $ | 707,896 | $ | 628,475 | $ | 549,054 | $ | 469,633 | ||||||||||||||||
| 2. Other Assets |
$ | 2,254,125 | $ | 2,254,136 | $ | 2,254,136 | $ | 2,254,159 | $ | 2,254,159 | $ | 0 | ||||||||||||||||
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| TOTAL ASSETS |
$ | 198,022,999 | $ | 198,687,552 | $ | 196,347,370 | $ | 196,100,111 | $ | 194,848,590 | $ | 15,264,275 | $ | 0 | ||||||||||||||
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| * | Per unaudited financial statements prepared by management |
MOR-2
| CASE NAME: | Dune Energy, Inc., Dune Operating Company, Dune Properties, Inc. | |
| CASE NUMBER: | 15-10336, 15-10337, 15-10338 |
COMPARATIVE BALANCE SHEETS
| LIABILITIES & OWNER’S EQUITY |
FILING DATE* March 8, 2015 |
MONTH* March 2015 |
MONTH* April 2015 |
MONTH* May 2015 |
MONTH* June 2015 |
MONTH* July 2015 |
MONTH | |||||||||||||||||||||
| LIABILITIES |
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| POST-PETITION LIABILITIES (MOR-4) |
3,693,160 | 4,381,306.40 | 5,713,119 | 5,876,008 | 1,202,634.88 | |||||||||||||||||||||||
| PRE-PETITION LIABILITIES |
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| Notes Payable - Secured |
111,689,964 | 112,466,917 | 113,215,215 | 114,025,145 | 114,797,406 | 114,814,064.12 | ||||||||||||||||||||||
| Priority Debt |
0 | 0 | 0 | 0 | 0 | 0.00 | ||||||||||||||||||||||
| Federal Income Tax |
0 | 0 | 0 | 0 | 0 | 0.00 | ||||||||||||||||||||||
| FICA/Withholding |
0 | 0 | 0 | 0 | 0 | 0.00 | ||||||||||||||||||||||
| Unsecured Debt |
16,514,901 | 16,599,095 | 16,480,870 | 16,873,376 | 17,630,167 | 13,753,325 | ||||||||||||||||||||||
| Other |
22,548,485 | 22,744,889 | 22,941,293 | 23,160,767 | 23,361,754 | 1,771,596.00 | ||||||||||||||||||||||
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| TOTAL PRE-PETITION LIABILITIES |
150,753,350 | 151,810,900 | 152,637,378 | 154,059,287 | 155,789,327 | 130,338,985 | 0 | |||||||||||||||||||||
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| TOTAL LIABILITIES |
150,753,350 | 155,504,061 | 157,018,684 | 159,772,406 | 161,665,335 | 131,541,620 | 0 | |||||||||||||||||||||
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| OWNER’S EQUITY (DEFICIT) |
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| COMMON STOCK |
74,009 | 74,009 | 74,009 | 74,009 | 74,009 | 74,009.00 | ||||||||||||||||||||||
| TREASURY STOCK |
(339,790 | ) | (339,790 | ) | (339,790 | ) | (339,790 | ) | (339,790 | ) | (339,790 | ) | ||||||||||||||||
| ADDITIONAL PAID-IN CAPITAL |
180,653,012 | 180,572,505 | 180,674,690 | 180,775,993 | 180,877,296 | 180,163,821.00 | ||||||||||||||||||||||
| RETAINED EARNINGS |
(133,117,582 | ) | (137,123,233 | ) | (141,080,223 | ) | (144,182,507 | ) | (147,452,666 | ) | (296,175,385 | ) | ||||||||||||||||
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| TOTAL OWNER’S EQUITY (NET WORTH) |
47,269,649 | 43,183,491 | 39,328,686 | 36,327,705 | 33,158,849 | (116,277,345 | ) | 0 | ||||||||||||||||||||
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| TOTAL LIABILITIES & OWNERS EQUITY |
198,022,999 | $ | 198,687,552 | $ | 196,347,370 | $ | 196,100,111 | 194,824,184 | 15,264,275 | 0 | ||||||||||||||||||
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| * | Per unaudited financial statements prepared by management. |
MOR-3
| CASE NAME: | Dune Energy, Inc., Dune Operating Company, Dune Properties, Inc. | |
| CASE NUMBER: | 15-10336, 15-10337, 15-10338 |
SCHEDULE OF POST-PETITION LIABILITIES
| MONTH | MONTH | MONTH | MONTH | MONTH | ||||||||||||||||||
| March 2015 | April 2015 | May 2015 | June 2015 | July 2015 | MONTH | |||||||||||||||||
| TRADE ACCOUNTS PAYABLE |
682,803 | 972,956 | 294,632 | 93,251 | 93,250.85 | |||||||||||||||||
| TAX PAYABLE |
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| Federal Payroll Taxes |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||
| State Payroll Taxes |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||
| Ad Valorem Taxes |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||
| Other Taxes |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||
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| TOTAL TAXES PAYABLE |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||
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| SECURED DEBT POST-PETITION |
3,000,000 | 3,000,000 | 3,960,000 | 4,670,000 | 0.00 | |||||||||||||||||
| ACCRUED INTEREST PAYABLE |
10,357 | 17,711 | 21,174 | 27,779 | 0.00 | |||||||||||||||||
| ACCRUED PROFESSIONAL FEES (1) |
0.00 | 390,640 | 1,437,312 | 1,084,978 | 1,109,384 | |||||||||||||||||
| OTHER ACCRUED LIABILITIES |
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| 1. |
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| 2. |
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| TOTAL POST-PETITION LIABILITIES (MOR-3) |
$ | 3,693,160 | $ | 4,381,306 | $ | 5,713,119 | $ | 5,876,008 | $ | 1,202,635 | ||||||||||||
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| (1) | Reflects accrued but unpaid professional fees; payment requires court approval |
MOR-4
| CASE NAME: | Dune Energy, Inc., Dune Operating Company, Dune Properties, Inc. | |
| CASE NUMBER: | 15-10336, 15-10337, 15-10338 |
| AGING OF POST-PETITION LIABILITIES | ||||||
| MONTH |
July 2015 |
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| DAYS |
TOTAL | TRADE ACCOUNTS (1)(2) |
FEDERAL TAXES |
STATE TAXES |
AD VALOREM, OTHER TAXES |
OTHER | ||||||||||||||||||
| 0-30 |
-268,344 | -268,344 | 0 | 0 | 0 | 0 | ||||||||||||||||||
| 31-60 |
188,806 | 188,806 | 0 | 0 | 0 | 0 | ||||||||||||||||||
| 61-90 |
105,697 | 105,697 | 0 | 0 | 0 | 0 | ||||||||||||||||||
| 91+ |
67,092 | 67,092 | 0 | 0 | 0 | 0 | ||||||||||||||||||
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| TOTAL |
$ | 93,251 | $ | 93,251 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
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AGING OF ACCOUNTS RECEIVABLE (3)
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| MONTH |
March 2015 | April 2015 | May 2015 | June 2015 | July 2015 | |||||||||||||||||||
| 0-30 DAYS |
-52,353 | 101,472 | 97,083 | 126,493 | 78,310.20 | |||||||||||||||||||
| 31-60 DAYS |
133,772 | -49,058 | 26,421 | 16,347 | 18,910.94 | |||||||||||||||||||
| 61-90 DAYS |
2,493 | 122,674 | 18,044 | 25,726 | 6,147.10 | |||||||||||||||||||
| 91+ DAYS |
25,398 | 26,494 | 58,442 | 71,227 | 96,802.68 | |||||||||||||||||||
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| TOTAL |
$ | 109,310 | $ | 201,581 | $ | 199,990 | $ | 239,793 | $ | 200,171 | $ | 0 | ||||||||||||
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| (1) | Accrued and unpaid professional fees not included; see MOR-9 |
| (2) | 0-30 day aging represents a contra-account balance to be netted out of Accounts Receivable for Shoreline Southeast LLC |
| (3) | Dune’s Accounts Receivable accounts do not represent any Oil and Gas production that has not been sold. |
MOR-5
| CASE NAME: | Dune Energy, Inc. |
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| CASE NUMBER: | 15-10336 |
STATEMENT OF INCOME (LOSS)
| MONTH | MONTH | MONTH | MONTH | MONTH | FILING TO | |||||||||||||||||||||||
| March 2015 | April 2015 | May 2015 | June 2015 | July 2015 | MONTH | DATE | ||||||||||||||||||||||
| REVENUES (MOR-1) |
0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
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| TOTAL COST OF REVENUES |
0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
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| GROSS PROFIT |
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
| OPERATING EXPENSES: |
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| Selling & Marketing |
0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
| General & Administrative |
0 | 325 | 0 | 0 | 325 | 650 | ||||||||||||||||||||||
| Other |
0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
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| TOTAL OPERATING EXPENSES |
0 | 325 | 0 | 0 | 325 | 0 | 650 | |||||||||||||||||||||
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| INCOME BEFORE INT, DEPR/TAX (MOR-1) |
0 | -325 | 0 | 0 | -325 | 0 | -650 | |||||||||||||||||||||
| INTEREST EXPENSE |
1,045,868 | 1,017,007 | 1,052,797 | 1,023,131 | 1,064,808 | 5,203,611 | ||||||||||||||||||||||
| DEPRECIATION |
0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
| OTHER (INCOME) EXPENSE* |
79,421 | 79,421 | 79,421 | 79,421 | 79,421 | 397,105 | ||||||||||||||||||||||
| OTHER ITEMS |
0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
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| TOTAL INT, DEPR & OTHER ITEMS |
1,125,289 | 1,096,428 | 1,132,218 | 1,102,552 | 1,144,229 | 0 | 5,600,716 | |||||||||||||||||||||
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| NET INCOME BEFORE TAXES |
-1,125,289 | -1,096,753 | -1,132,218 | -1,102,552 | -1,144,554 | 0 | -5,601,366 | |||||||||||||||||||||
| FEDERAL INCOME TAXES |
0 | |||||||||||||||||||||||||||
| NET INCOME (LOSS) (MOR-1) |
($ | 1,125,289 | ) | ($ | 1,096,753 | ) | ($ | 1,132,218 | ) | ($ | 1,102,552 | ) | ($ | 1,144,554 | ) | 0 | ($ | 5,601,366 | ) | |||||||||
Accrual Accounting Required, Otherwise Footnote with Explanation.
| * | Amortization of deferred financing costs |
MOR-6
| CASE NAME: | Dune Operating Company |
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| CASE NUMBER: | 15-10337 |
STATEMENT OF INCOME (LOSS)
| MONTH | MONTH | MONTH | MONTH | MONTH | FILING TO | |||||||||||||||||||||||
| March 2015 | April 2015 | May 2015 | June 2015 | July 2015 | MONTH | DATE | ||||||||||||||||||||||
| REVENUES (MOR-1) |
0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
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| TOTAL COST OF REVENUES |
0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
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| GROSS PROFIT |
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
| OPERATING EXPENSES: |
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| Selling & Marketing |
0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
| General & Administrative |
975,044 | 1,044,356 | 720,955 | 864,037 | 749,593 | 4,353,985 | ||||||||||||||||||||||
| Other |
0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
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| TOTAL OPERATING EXPENSES |
975,044 | 1,044,356 | 720,955 | 864,037 | 749,593 | 0 | 4,353,985 | |||||||||||||||||||||
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| INCOME BEFORE INT, DEPR/TAX (MOR-1) |
-975,044 | -1,044,356 | -720,955 | -864,037 | -749,593 | 0 | -4,353,985 | |||||||||||||||||||||
| INTEREST EXPENSE |
0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
| DEPRECIATION |
0 | 4,848 | 4,079 | -24,308 | 0 | -15,381 | ||||||||||||||||||||||
| OTHER (INCOME) EXPENSE |
-11 | 0 | -6,107 | -638 | -12,163 | -18,919 | ||||||||||||||||||||||
| OTHER ITEMS |
0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
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| TOTAL INT, DEPR & OTHER ITEMS |
-11 | 4,848 | -2,028 | -24,946 | -12,163 | 0 | -34,300 | |||||||||||||||||||||
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| NET INCOME BEFORE TAXES |
-975,033 | -1,049,204 | -718,927 | -839,091 | -737,430 | 0 | -4,319,685 | |||||||||||||||||||||
| FEDERAL INCOME TAXES |
0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
| NET INCOME (LOSS) (MOR-1) |
($ | 975,033 | ) | ($ | 1,049,204 | ) | ($ | 718,927 | ) | -839,091 | -737,430 | 0 | ($ | 4,319,685 | ) | |||||||||||||
Accrual Accounting Required, Otherwise Footnote with Explanation.
MOR-6
| CASE NAME: | Dune Properties, Inc. |
|||
| CASE NUMBER: | 15-10338 |
STATEMENT OF INCOME (LOSS)
| MONTH | MONTH | MONTH | MONTH | MONTH | FILING TO | |||||||||||||||||||||||
| March 2015 | April 2015 | May 2015 | June 2015 | July 2015 | MONTH | DATE | ||||||||||||||||||||||
| REVENUES (MOR-1) |
1,480,932 | 1,555,902 | 1,757,039 | 1,882,578 | -197,777.00 | 6,478,674 | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| TOTAL COST OF REVENUES |
1,425,928 | 1,523,179 | 1,526,373 | 1,516,094 | 426,774.00 | 6,418,348 | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| GROSS PROFIT |
55,004 | 32,723 | 230,666 | 366,484 | 228,997 | 0 | 913,874 | |||||||||||||||||||||
| OPERATING EXPENSES: |
||||||||||||||||||||||||||||
| Selling & Marketing |
0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
| General & Administrative |
975,044 | 1,044,358 | 711,526 | 864,038 | 736,918 | 4,331,884 | ||||||||||||||||||||||
| Other |
0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| TOTAL OPERATING EXPENSES |
975,044 | 1,044,358 | 711,526 | 864,038 | 736,918 | 0 | 4,331,884 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| INCOME BEFORE INT, DEPR/TAX (MOR-1) |
-920,040 | -1,011,635 | -480,860 | -497,554 | -507,921 | 0 | -3,418,010 | |||||||||||||||||||||
| INTEREST EXPENSE |
0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
| DEPRECIATION |
788,885 | 602,994 | 573,898 | 634,558 | 4,030 | 2,604,365 | ||||||||||||||||||||||
| OTHER (INCOME) EXPENSE* |
0 | 0 | -23 | 146,313,816 | 146,313,793 | |||||||||||||||||||||||
| OTHER ITEMS** |
196,404 | 196,404 | 196,404 | 196,404 | 14,968 | 800,584 | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| TOTAL INT, DEPR & OTHER ITEMS |
985,289 | 799,398 | 770,279 | 830,962 | 146,332,814 | 0 | 149,718,742 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| NET INCOME BEFORE TAXES |
-1,905,329 | -1,811,033 | -1,251,139 | -1,328,516 | -146,840,735 | 0 | -153,136,752 | |||||||||||||||||||||
| FEDERAL INCOME TAXES |
0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
| NET INCOME (LOSS) (MOR-1) |
($ | 1,905,329 | ) | ($ | 1,811,033 | ) | ($ | 1,251,139 | ) | ($ | 1,328,516 | ) | ($ | 146,840,735 | ) | 0 | ($ | 153,136,752 | ) | |||||||||
Accrual Accounting Required, Otherwise Footnote with Explanation.
| * | Loss on sale of oil and gas properties |
| ** | 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 May 2015 |
MONTH June 2015 |
MONTH July 2015 |
MONTH | FILING TO DATE |
|||||||||||||||||||||
| 1. CASH-BEGINNING OF MONTH |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
| RECEIPTS: |
||||||||||||||||||||||||||||
| 2. CASH SALES |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 3. COLLECTION OF ACCOUNTS RECEIVABLE |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 4. LOANS & ADVANCES (attach list) |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 5. SALE OF ASSETS |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 6. OTHER (attach list) |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| TOTAL RECEIPTS |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| DISBURSEMENTS: |
||||||||||||||||||||||||||||
| 7. NET PAYROLL |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 8. PAYROLL TAXES PAID |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 9. SALES, USE & OTHER TAXES PAID |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 10. SECURED/RENTAL/LEASES |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 11. UTILITIES & TELEPHONE |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 12. INSURANCE |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 13. INVENTORY PURCHASES |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 14. VEHICLE EXPENSES |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 15. TRAVEL & ENTERTAINMENT |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 16. REPAIRS, MAINTENANCE & SUPPLIES |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 17. ADMINISTRATIVE & SELLING |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 18. OTHER (attach list) |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| TOTAL DISBURSEMENTS FROM OPERATIONS |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| 19. PROFESSIONAL FEES |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 20. U.S. TRUSTEE FEES |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 21. OTHER REORGANIZATION EXPENSES (attach list) |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| TOTAL DISBURSEMENTS |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| 22. NET CASH FLOW |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
| 23. CASH - END OF MONTH (MOR-2) |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
MOR-7
| CASE NAME: | Dune Operating Company |
|||
| CASE NUMBER: | 15-10337 |
| CASH RECEIPTS AND DISBURSEMENTS |
MONTH March 2015 |
MONTH April 2015 |
MONTH May 2015 |
MONTH June 2015 |
MONTH July 2015 |
MONTH | FILING TO DATE |
|||||||||||||||||||||
| 1. CASH-BEGINNING OF MONTH |
$ | 171,197 | $ | 2,928,419 | $ | 1,363,035 | $ | 1,503,615 | $ | 862,437 | $ | 0 | $ | 171,197 | ||||||||||||||
| RECEIPTS: |
||||||||||||||||||||||||||||
| 2. CASH SALES |
1,768,583 | 1,460,543 | 1,642,422 | 1,994,044 | 2,254,833 | 9,120,425 | ||||||||||||||||||||||
| 3. COLLECTION OF ACCOUNTS RECEIVABLE |
0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
| 4. LOANS & ADVANCES (attach list) |
3,000,000 | 0 | 960,000 | 710,000 | 3,140,000 | 7,810,000 | ||||||||||||||||||||||
| 5. SALE OF ASSETS |
0 | 4,000 | 16,000 | 0 | 19,304,802 | 19,324,802 | ||||||||||||||||||||||
| 6. OTHER (attach list) |
0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| TOTAL RECEIPTS |
4,768,583 | 1,464,543 | 2,618,422 | 2,704,044 | 24,699,636 | 0 | 36,255,227 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| DISBURSEMENTS: |
||||||||||||||||||||||||||||
| 7. NET PAYROLL |
459,120 | 454,227 | 490,510 | 398,431 | 651,697 | 2,453,984 | ||||||||||||||||||||||
| 8. PAYROLL TAXES PAID |
0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
| 9. SALES, USE & OTHER TAXES PAID |
320,326 | 150,566 | 105,211 | 190,872 | 373,866 | 1,140,841 | ||||||||||||||||||||||
| 10. SECURED/RENTAL/LEASES |
0 | 0 | 0 | 0 | 7,810,000 | 7,810,000 | ||||||||||||||||||||||
| 11. UTILITIES & TELEPHONE |
0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
| 12. INSURANCE |
267,688 | 355,633 | 250,572 | 168,980 | 247,419 | 1,290,292 | ||||||||||||||||||||||
| 13. INVENTORY PURCHASES |
0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
| 14. VEHICLE EXPENSES |
0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
| 15. TRAVEL & ENTERTAINMENT |
0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
| 16. REPAIRS, MAINTENANCE & SUPPLIES |
48,177 | 948,606 | 810,078 | 705,112 | 962,643 | 3,474,616 | ||||||||||||||||||||||
| 17. REVENUES & ROYALTIES |
614,927 | 231,720 | 362,841 | 326,068 | 0 | 1,535,556 | ||||||||||||||||||||||
| 18. ADMINISTRATIVE & SELLING |
33,722 | 207,255 | 194,828 | 206,376 | 254,821 | 897,002 | ||||||||||||||||||||||
| 19. OTHER (attach list) |
0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| TOTAL DISBURSEMENTS FROM OPERATIONS |
1,743,960 | 2,348,006 | 2,214,040 | 1,995,839 | 10,300,445 | 0 | 18,602,290 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| 20. PROFESSIONAL FEES |
155,574 | 647,939 | 253,402 | 1,328,680 | 1,298,770 | 3,684,365 | ||||||||||||||||||||||
| 21. U.S. TRUSTEE FEES |
0 | 0 | 10,400 | 0 | 13,650 | 24,050 | ||||||||||||||||||||||
| 22. OTHER REORGANIZATION EXPENSES |
111,827 | 33,981 | 0 | 20,702 | 60,231 | 226,741 | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| TOTAL DISBURSEMENTS |
2,011,362 | 3,029,927 | 2,477,842 | 3,345,222 | 11,673,095 | 0 | 22,537,446 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| 23. NET CASH FLOW |
2,757,222 | -1,565,384 | 140,580 | -641,178 | 13,026,541 | 0 | 13,717,781 | |||||||||||||||||||||
| 24. CASH - END OF MONTH (MOR-2) |
2,928,419 | 1,363,035 | 1,503,615 | 862,437 | 13,888,978 | 0 | 20,546,484 | |||||||||||||||||||||
MOR-7
| CASE NAME: | Dune Properties, Inc. |
|||
| CASE NUMBER: | 15-10338 |
| CASH RECEIPTS AND DISBURSEMENTS |
MONTH March 2015 |
MONTH April 2015 |
MONTH May 2015 |
MONTH June 2015 |
MONTH July 2015 |
MONTH | FILING TO DATE |
|||||||||||||||||||||
| 1. CASH-BEGINNING OF MONTH |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
| RECEIPTS: |
||||||||||||||||||||||||||||
| 2. CASH SALES |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 3. COLLECTION OF ACCOUNTS RECEIVABLE |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 4. LOANS & ADVANCES (attach list) |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 5. SALE OF ASSETS |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 6. OTHER (attach list) |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| TOTAL RECEIPTS |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| DISBURSEMENTS: |
||||||||||||||||||||||||||||
| 7. NET PAYROLL |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 8. PAYROLL TAXES PAID |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 9. SALES, USE & OTHER TAXES PAID |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 10. SECURED/RENTAL/LEASES |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 11. UTILITIES & TELEPHONE |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 12. INSURANCE |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 13. INVENTORY PURCHASES |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 14. VEHICLE EXPENSES |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 15. TRAVEL & ENTERTAINMENT |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 16. REPAIRS, MAINTENANCE & SUPPLIES |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 17. ADMINISTRATIVE & SELLING |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 18. OTHER (attach list) |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| TOTAL DISBURSEMENTS FROM OPERATIONS |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| 19. PROFESSIONAL FEES |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 20. U.S. TRUSTEE FEES |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| 21. OTHER REORGANIZATION EXPENSES (attach list) |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| TOTAL DISBURSEMENTS |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| 22. NET CASH FLOW |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
| 23. CASH - END OF MONTH (MOR-2) |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
MOR-7
| CASE NAME: | Dune Energy, Inc., Dune Operating Company, Dune Properties, Inc. | |
| CASE NUMBER: | 15-10336, 15-10337, 15-10338 |
CASH ACCOUNT RECONCILIATION
MONTH OF July 2015
| BANK NAME | BMO Harris Bank |
BMO Harris Bank |
BMO Harris Bank |
BMO Harris Bank |
BMO Harris Bank |
BMO Harris Bank |
BMO Harris Bank |
Petty Cash |
Prosperity Bank |
BBVA Compass Bank |
BBVA Compass Bank |
|||||||||||||||||||||||||||||||||||||
| ACCOUNT NUMBER | #2175 | #2456 | #2209 | #2227 | #2217 | #2191 | #2183 | N/A | #5266 | #0599 | #9028 | |||||||||||||||||||||||||||||||||||||
| ACCOUNT TYPE |
OPERATING | SALE PROCEEDS CASH |
CASH CALL |
ADE. ASSURANCE |
INSURANCE | REVENUE | PAYABLE - ZBA ACCT |
PETTY CASH |
REVENUE | REVENUE | INSURANCE | TOTAL | ||||||||||||||||||||||||||||||||||||
| BANK BALANCE |
$ | 3,236,781 | $ | 11,462,773 | $ | — | $ | 15,000 | $ | 13,318 | $ | 335,195 | $ | — | $ | 400 | $ | — | $ | — | $ | — | $ | 15,063,468 | ||||||||||||||||||||||||
| DEPOSITS IN TRANSIT |
$ | 4,431 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 4,431 | ||||||||||||||||||||||||
| OUTSTANDING CHECKS |
$ | — | $ | — | $ | — | $ | — | $ | 8,887 | $ | 105,956 | $ | 1,064,078 | $ | — | $ | — | $ | — | $ | — | $ | 1,178,922 | ||||||||||||||||||||||||
| ADJUSTED BANK BALANCE |
$ | 3,241,212 | $ | 11,462,773 | $ | — | $ | 15,000 | $ | 4,431 | $ | 229,239 | $ | (1,064,078 | ) | $ | 400 | $ | — | $ | — | $ | — | $ | 13,888,977 | |||||||||||||||||||||||
| BEGINNING CASH - PER BOOKS |
$ | 1,239,972 | $ | — | $ | — | $ | 15,000 | $ | 8,418 | $ | 269,782 | $ | (662,876 | ) | $ | 400 | $ | — | $ | 159 | $ | (8,418 | ) | $ | 862,436 | ||||||||||||||||||||||
| RECEIPTS |
$ | 5,394,833 | $ | 19,304,802 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 24,699,636 | ||||||||||||||||||||||||
| TRANSFERS OUT OF ACCOUNT |
$ | (2,708,187 | ) | $ | — | $ | — | $ | — | $ | (8,418 | ) | $ | — | $ | — | $ | — | $ | — | $ | (159 | ) | $ | — | $ | (2,716,764 | ) | ||||||||||||||||||||
| TRANSFERS INTO ACCOUNT |
$ | — | $ | — | $ | — | $ | — | $ | 44,026 | $ | 530,996 | $ | 2,133,323 | $ | — | $ | — | $ | — | $ | 8,418 | $ | 2,716,764 | ||||||||||||||||||||||||
| CHECKS/OTHER DISBURSEMENTS (1) |
$ | (685,406 | ) | $ | (7,842,029 | ) | $ | — | $ | — | $ | (39,596 | ) | $ | (571,539 | ) | $ | (2,534,525 | ) | $ | — | $ | — | $ | — | $ | — | $ | (11,673,095 | ) | ||||||||||||||||||
| ENDING CASH - PER BOOKS |
$ | 3,241,212 | $ | 11,462,773 | $ | — | $ | 15,000 | $ | 4,431 | $ | 229,239 | $ | (1,064,078 | ) | $ | 400 | $ | — | $ | — | $ | — | $ | 13,888,977 | |||||||||||||||||||||||
| (1) | includes voided checks |
MOR-8
| CASE NAME: | Dune Energy, Inc., Dune Operating Company, Dune Properties, Inc. | |
| CASE NUMBER: | 15-10336, 15-10337, 15-10338 |
PAYMENTS TO INSIDERS AND PROFESSIONALS
Of the total disbursements shown for the month, list the amount paid to insiders (as defined in Section 101(31)(A)-(F) of the U.S. Bankruptcy Code) and the professionals.
Also, for insiders, identify the type of compensation paid (e.g., salary, commission, bonus, etc.) (Attach additional pages as necessary).
| MONTH | MONTH | MONTH | MONTH | MONTH | ||||||||||||||||||||
| INSIDERS: NAME/COMP TYPE |
March 2015 | April 2015 | May 2015 | June 2015 | July 2015* | MONTH | ||||||||||||||||||
| 1. James A Watt/ Salary, 401k, vacation |
48,583 | 48,583 | 48,583 | 48,583 | 71,369 | |||||||||||||||||||
| 2. Frank T. Smith/ Salary, 401k & vacation |
29,062 | 29,062 | 29,062 | 29,062 | 47,753 | |||||||||||||||||||
| 3. Hal L. Bettis/ Salary, 401k & vacation |
29,062 | 29,062 | 29,062 | 29,062 | 34,467 | |||||||||||||||||||
| 4. Richard H. Mourglia/ Salary, 401k & vacation |
25,617 | 25,617 | 25,617 | 25,617 | 30,939 | |||||||||||||||||||
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| TOTAL INSIDERS (MOR-1) |
132,323 | 132,323 | 132,323 | 132,323 | 184,528 | 0 | ||||||||||||||||||
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| MONTH | MONTH | MONTH | MONTH | MONTH | ||||||||||||||||||||
| PROFESSIONALS |
March 2015 | April 2015 | May 2015 | June 2015 | July 2015 | MONTH | ||||||||||||||||||
| 1. Holland and Knight |
20,000 | 0 | 0 | 0 | 0 | |||||||||||||||||||
| 2. Mayer Brown, LLP |
135,574 | 0 | 249,090 | 81,644 | 92,247 | |||||||||||||||||||
| 3. FTI Consulting |
0 | 159,480 | 0 | 47,217 | 116,488 | |||||||||||||||||||
| 4. CTMI, LLC |
0 | 12,500 | 0 | 0 | 12,500 | |||||||||||||||||||
| 5. Donald Martin |
0 | 55,234 | 0 | 137,994 | 118,449 | |||||||||||||||||||
| 6. Deloitte CRG |
0 | 129,074 | 0 | 250,813 | 232,544 | |||||||||||||||||||
| 7. Haynes and Boone |
0 | 226,439 | 0 | 606,308 | 486,022 | |||||||||||||||||||
| 8. Prime Clerk |
0 | 65,212 | 4,312 | 59,549 | 31,319 | |||||||||||||||||||
| 9. Parkman Whaling |
0 | 0 | 0 | 40,000 | 50,000 | |||||||||||||||||||
| 10. McKool Smith |
0 | 0 | 0 | 80,264 | 134,250 | |||||||||||||||||||
| 11. Conway Mackenzie |
0 | 0 | 0 | 24,892 | 24,951 | |||||||||||||||||||
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| TOTAL PROFESSIONALS (MOR-1) |
155,574 | 647,939 | 253,402 | 1,328,680 | 1,298,770 | 0 | ||||||||||||||||||
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| * | compensation includes payment of accrued but not used Paid Time Off |
MOR-9