EX-99.2 3 h23956exv99w2.txt TORCH OFFSHORE, L.L.C. MONTHLY OPERATING REPORT FOR FEBRUARY 2005 . . . MONTHLY OPERATING REPORT CHAPTER 11 CASE NAMES: Torch Offshore, LLC (05-10138) FOR PERIOD: 2/1/2005 to 2/28/2005
Form Attached Previously Waived Required Reports/Documents ------------- ----------------- ------------------------------------------------- ( X ) ( ) Comparative Balance Sheet (Form 2-B) ( X ) ( ) Profit and Loss Statement (Form 2-C) ( X ) ( ) Cash Receipts & Disbursements Statement (Form 2-D) ( X ) ( ) Supporting Schedules (Form 2-E) ( X ) ( ) Narrative (Form 2-F) ( X ) ( ) Copies of Bank Statements and Reconciliations of Bank Balance to Book Balance for all Accounts
I declare under penalty of perjury that the following Monthly Operating Report and any attachments thereto, are true and correct to the best of my knowledge and belief. Date: 3/25/2005 By: /s/ Robert E. Fulton ----------------------------------------------- (Robert Fulton - Chief Financial Officer) COMPARATIVE BALANCE SHEET CASE NAMES: Torch Offshore, LLC (05-10138)
UNCONSOLIDATED AND UNAUDITED ------------------------------------------------- AS OF AS OF AS OF 1/7/2005 1/31/2005 2/28/2005 ------------- ------------- ------------- ASSETS CURRENT ASSETS: Cash 1,612,526.71 3,502,153.23 143,052.35 Accounts receivable- Trade, Net 9,896,148.80 10,974,221.06 12,727,427.71 Other 52.69 34.33 931.19 Costs and estimated earnings in excess of billings on uncompleted contracts 452,872.00 742,626.00 1,102,657.00 Prepaid expenses and other 1,734,176.80 1,466,160.94 1,409,530.38 ------------- ------------- ------------- Total current assets 13,695,777.00 16,685,195.56 15,383,598.63 ============= ============= ============= PROPERTY AND EQUIPMENT, at cost 63,396,619.21 63,430,399.07 63,435,397.40 Less: Accumulated Depreciation 26,869,627.29 27,209,822.76 27,603,421.09 ------------- ------------- ------------- NET PROPERTY AND EQUIPMENT 36,526,991.92 36,220,576.31 35,831,976.31 ------------- ------------- ------------- DEFERRED DRYDOCKING CHARGES 3,145,193.47 3,060,594.06 2,951,319.82 OTHER ASSETS - - - ------------- ------------- ------------- Total assets 53,367,962.39 55,966,365.93 54,166,894.76 ============= ============= ============= LIABILITIES AND STOCKHOLDERS' EQUITY POST-PETITION LIABILITIES Accounts payable - trade - 506,953.19 510,653.07 Due to Torch Offshore, Inc. - 1,224,472.67 (41,276.51) Accrued expenses - 138,370.27 511,835.85 Other - - - ------------- ------------- ------------- TOTAL POST-PETITION LIABILITIES - 1,869,796.13 981,212.41 ------------- ------------- ------------- PRE-PETITION LIABILITIES - SUBJECT TO COMPROMISE Accounts payable - trade 14,432,523.08 14,432,523.08 14,432,523.08 Due to Torch Offshore, Inc. 29,751,565.42 29,751,565.42 29,751,565.42 Accrued expenses 2,315,496.65 2,314,778.15 2,314,778.15 Accrued payroll and related taxes - - - Financed insurance premiums 687,846.01 496,165.34 99,705.10 Capital lease obligation 56,015.00 56,015.00 31,015.00 Billings in excess of costs and estimated earnings on unbilled contracts - - - Finance Facility - - - Long-term debt 6,124,516.23 6,124,516.23 6,124,516.23 Non-revolving line of credit - - - Receivable line of credit - - - ------------- ------------- ------------- Total pre-petition current liabilities 53,367,962.39 53,175,563.22 52,754,102.98 ------------- ------------- ------------- PRE-PETITION LIABILITIES - SUBJECT TO COMPROMISE Long-term debt, less current portion - - - Other long-term liabilities - - - ------------- ------------- ------------- Total pre-petition long-term liabilities - - - ------------- ------------- ------------- Total liabilities 53,367,962.39 55,045,359.35 53,735,315.39 ============= ============= ============= STOCKHOLDERS' EQUITY: Common stock - - - Preferred stock - - - Paid-in-capital - - - Treasury stock - - - Deferred compensation - - - Retained earnings Through filing date - - - Post filing date - 921,006.58 431,579.37 ------------- ------------- ------------- Total stockholders' equity - 921,006.58 431,579.37 ------------- ------------- ------------- Total liabilities and stockholders' equity 53,367,962.39 55,966,365.93 54,166,894.76 ============= ============= =============
FORM 2-B PROFIT AND LOSS STATEMENT CASE NAMES: Torch Offshore, LLC (05-10138)
UNCONSOLIDATED AND UNAUDITED ---------------------------------- PERIOD OF PERIOD OF 1/8/05 - 1/31/05 2/1/05 - 2/28/05 ---------------- ---------------- REVENUES 3,082,294.00 2,409,149.00 COST OF REVENUES Cost of Sales 1,668,574.90 2,322,672.21 ------------ ------------ GROSS PROFIT (DEFICIT) 1,413,719.10 86,476.79 ------------ ------------ Depreciation & Amortization 417,410.00 493,692.00 General and Administrative Expenses - - Other Operating Cost - (4,806.00) ============ ============ TOTAL COST OF REVENUES 417,410.00 488,886.00 ============ ============ OPERATING INCOME (LOSS) 996,309.10 (402,409.21) ============ ============ OTHER INCOME (EXPENSE) Interest expense (75,310.52) (87,026.00) Interest income 8.00 8.00 ------------ ------------ Total other income (expense) (75,302.52) (87,018.00) ------------ ------------ INCOME (LOSS) BEFORE INCOME TAXES 921,006.58 (489,427.21) ============ ============ INCOME TAX EXPENSE - - ============ ============ NET INCOME (LOSS) 921,006.58 (489,427.21) ============ ============
FORM 2-C CASH RECEIPTS AND DISBURSEMENTS STATEMENT CASE NAMES: Torch Offshore, LLC (05-10138) FOR PERIOD: 2/1/2005 to 2/28/2005 CASH RECONCILIATION 1. Beginning Cash Balance 3,502,153.23 2. Cash Receipts 3,928,947.65 ------------ 3. Cash Disbursements 7,288,048.53 ------------ 4. Net Cash Flow (3,359,100.88) ------------- 5. Ending Cash Balance 143,052.35 =============
CASH SUMMARY - ENDING BALANCE
Account Name Acct. # Amount Financial Institution ------------------------- ------------- ----------- --------------------- Cash Collateral 41-0507-8431 (27.95) Regions Bank Capital Construction Fund 41-0508-1327 6,563.74 Regions Bank Operating Account 41-0508-1238 - Regions Bank Operating Account 41-0514-2105 5,681.87 Regions Bank EG Bank Account 371-506338-01 7,315.29 SGBGE Dulac Petty Cash n/a 700.00 TOL Gretna Petty Cash n/a 500.00 TOL Cash Collateral, DIP 41-0520-8807 - Regions Bank Accounts Payable, DIP 41-0520-8831 - Regions Bank Operation Account, DIP 41-0520-8823 122,319.40 Regions Bank ---------- Total 143,052.35 ==========
FORM 2-D QUARTERLY FEE SUMMARY CASE NAMES: Torch Offshore, LLC (05-10138)
CASH DISBURSEMENTS --------------------- Torch Offshore, Inc. Payment Date (05-10137) Check No. Date ------------- --------------------- --------- ---- January 2,607,103.74 February 7,288,048.53 March --------------------- Total 1st Quarter 9,895,152.27 --------------------- Quarterly Fee Due 10,000.00 --------------------- April May June --------------------- Total 2nd Quarter - --------------------- Quarterly Fee Due --------------------- July August September --------------------- Total 3rd Quarter - --------------------- Quarterly Fee Due --------------------- October November December --------------------- Total 4th Quarter - --------------------- Quarterly Fee Due ---------------------
FORM 2-D CASH RECEIPTS AND DISBURSEMENTS STATEMENT CASE NAMES: Torch Offshore, LLC (05-10138) FOR PERIOD: 2/1/2005 to 2/28/2005 CASH RECEIPTS JOURNAL
Date Payee Account Amount Description (Source) ---------- ------------------------- ------------------------- ------------ -------------------- 2/3/2005 Southern Scrap Recycling Cash Collateral 4,806.17 2/3/2005 Heller,Draper,Hyden.... Cash Collateral 5,000.00 2/4/2005 Crosby Tugs Cash Collateral 14,700.00 2/7/2005 Mariner Energy Cash Collateral 48,668.00 2/14/2005 Remington Oil & Gas Cash Collateral 247,242.00 2/28/2005 Regions Bank Capital Construction Fund 7.73 2/1/2005 Regions Bank Operating Account 1,265.57 2/3/2005 TOL - Cash Collateral Operating Account 384,468.00 Intracompany Transfer 2/3/2005 Walter Oil & Gas Operating Account 591,055.36 2/11/2005 TOL - Cash Collateral Operating Account 73,174.17 Intracompany Transfer 2/14/2005 Harris & Rufty Operating Account 36.45 2/17/2005 TOL - Cash Collateral Operating Account 247,242.00 Intracompany Transfer 2/23/2005 TOL - Operation Acct, DIP Operating Account 147,371.35 Intracompany Transfer 2/3/2005 TOL - Operating Account Operating Account 27,000.00 Intracompany Transfer 2/7/2005 TOL - Operating Account Operating Account 271,000.00 Intracompany Transfer 2/11/2005 TOL - Operating Account Operating Account 360,650.00 Intracompany Transfer 2/15/2005 TOL - Operating Account Operating Account 15,000.00 Intracompany Transfer 2/23/2005 TOL - Operation Acct, DIP Operating Account 150,000.00 Intracompany Transfer 2/28/2005 TOL - Operation Acct, DIP Operating Account 100,000.00 Intracompany Transfer 2/28/2005 TOL - Operation Acct, DIP Accounts Payable, DIP 139,694.37 Intracompany Transfer 2/22/2005 Regions Bank Operation Account, DIP 700,000.00 DIP Drawdown 2/25/2005 Regions Bank Operation Account, DIP 400,000.00 DIP Drawdown 2/14/2005 n/a Dulac Petty Cash 300.00 2/28/2005 n/a Operation Account, DIP 266.48 Houston Petty Cash ------------ Total Cash Receipts 3,928,947.65 ============
FORM 2-D CASH RECEIPTS AND DISBURSEMENTS STATEMENT CASE NAMES: Torch Offshore, LLC (05-10138) FOR PERIOD: 2/1/2005 to 2/28/2005 CASH DISBURSEMENTS JOURNAL
Wire/ Date Check # Payee Amount Description (Source) ---------- -------- ------------------------------------- ------------ -------------------- 2/1/2005 n/a TOL -Operating Account 384,468.00 Intracompany Transfer 2/11/2005 n/a TOL -Operating Account 73,174.17 Intracompany Transfer 2/15/2005 n/a Yellow Pages 27.95 2/17/2005 n/a TOL -Operating Account 247,242.00 Intracompany Transfer 2/2/2005 n/a TOI - Payroll Account 446,651.93 Intercompany Transfer 2/3/2005 n/a TOL - Operating Account 27,000.00 Intracompany Transfer 2/7/2005 n/a TOL - Operating Account 271,000.00 Intracompany Transfer 2/7/2005 n/a Regions Morgan Keegan Retirement Plan 14,359.41 2/7/2005 n/a IRS 184,442.57 2/11/2005 n/a TOL - Operating Account 360,650.00 Intracompany Transfer 2/11/2005 n/a Louisiana Dept. Of Revenue 13,428.76 2/15/2005 n/a TOL - Operating Account 15,000.00 Intracompany Transfer 2/15/2005 n/a TOI - Employee Benefit Account 100,000.00 Intercompany Transfer 2/16/2005 n/a TOI - Payroll Account 495,021.47 Intercompany Transfer 2/22/2005 n/a IRS 215,369.41 2/9/2005 n/a Regions Bank 307,566.64 Interest Payments 2/9/2005 n/a Regions Bank 74,176.54 Interest Payments 2/9/2005 n/a Regions Bank 102,187.73 Interest Payments 2/9/2005 n/a Regions Bank 27,004.42 Interest Payments 2/8/2005 n/a Wire Transfer Fees 430.00 2/1/2005 61760 Retif Oil & Fuel 59,000.00 2/1/2005 61661 Crosby Tugs 66,500.00 2/2/2005 61762 Fugro Chance 15,248.00 2/2/2005 61763 Retif Oil & Fuel 10,779.91 2/2/2005 61664 Crosby Tugs 56,000.00 2/3/2005 61765 Quay Marine Associates 48,065.69 2/7/2005 61766 Cable Shipping 348,000.00 2/4/2005 61767 ASCO 22,352.00 2/4/2005 61768 USI Southwest Cash Concentration 357,577.62 2/4/2005 61769 Retif Oil & Fuel 56,852.00 2/7/2005 61770 Fugro Chance 56,540.00 2/7/2005 61771 Cross Services 19,136.49 2/7/2005 61772 Crosby Tugs 66,500.00 2/9/2005 61773 Crosby Tugs 56,000.00 2/10/2005 61774 ASCO 700.00 2/10/2005 61775 ASCO 4,400.60 2/11/2005 61776 ASCO 8,000.00 2/14/2005 61777 Fugro Chance 56,540.00 2/14/2005 61778 Crosby Tugs 66,500.00 2/15/2005 61779 Red Man Pipe & Supply 41,816.72 2/16/2005 61780 Crosby Tugs 56,000.00 2/17/2005 61781 John W. Stone Oil 53,657.00 2/17/2005 61782 Kevin Gros Consulting & Marine Serv 9,200.00 2/18/2005 61783 USI Southwest Cash Concentration 328,151.76 2/18/2005 61784 Retif Oil & Fuel 23,684.00 2/18/2005 61785 ASCO 8,000.00 2/3/2005 463920 MG ELECTRONICS & EQUIPMENT CO. 798.23 2/4/2005 463923 DICK DILL BUSINESS FORMS 260.37 2/4/2005 463924 DEL RIO 2,245.00 2/4/2005 463925 A R T CATERING, INC 27,427.03 2/4/2005 463926 BAKER LYMAN AND CO., INC 165.02 2/4/2005 463927 BAY TECH EQUIP. RENTALS, INC. 9,280.00 2/4/2005 463928 BUD'S BOAT RENTAL, INC 6,555.00 2/4/2005 463929 CENTRAL GULF TOWING, INC 16,325.00 2/4/2005 463930 DIVERS SUPPLY, INC 76.12 2/4/2005 463931 DREYFUS-CORTNEY, INC 35,044.75 2/4/2005 463932 EXPLORATION SUPPLIES 344.76 2/4/2005 463933 GRAND RENTAL 1,822.24 2/4/2005 463934 MAKO TECHNOLOGIES, INC. 284.25 2/4/2005 463935 NEWSOUTH COMMUNICATIONS 681.22 2/4/2005 463936 K & S DIESEL 4,148.48 2/4/2005 463937 L & H ELECTRIC CO., INC. 145.00 2/4/2005 463938 RICHARD'S RESTAURANT SUPPLY 690.00 2/4/2005 463939 SOUTHLAND STEEL & SUPPLY 7,906.75 2/4/2005 463940 CHANNEL SIDE LEASING 7,100.00 2/4/2005 463941 WHITNEY AVENUE L.L.C. 18,913.40 2/4/2005 463942 FUELMAN OF NEW ORLEANS 251.85 2/4/2005 463943 BELL SOUTH LONG DISTANCE 1,763.72 2/4/2005 463944 UNITED PARCEL SERVICE 16.00 2/4/2005 463945 WASTE MGMT. OF SOUTH LOUISIANA 386.14 2/4/2005 463946 COMMUNITY COFFEE CO., L.L.C. 259.92 2/4/2005 463947 UNISHIPPERS 80.32 2/4/2005 463948 LEBLANC & ASSOC. 1,652.82 2/4/2005 463949 SOUTH LA. ELECTRIC CORP. 449.96 2/4/2005 463950 SAIA MOTOR FREIGHT INC. 604.50 2/4/2005 463951 CONSOLIDATED WATERWORKS 233.70 2/4/2005 463952 TERREBONNE GENERAL MEDICAL 650.50 2/4/2005 463953 LOWER DULAC LEASING INC. 2,000.00 2/4/2005 463954 SECON 320.00 2/4/2005 463955 PERRY H. BEEBE & ASSO., INC. 1,904.00 2/4/2005 463956 CUMMINS MID-SOUTH, INC. 3,701.57 2/4/2005 463957 DHL EXPRESS (USA), INC. 68.02 2/4/2005 463958 CURTIS LEMONS 1,726.07 Director 2/4/2005 463959 MARINE SPECIALTIES, INC. 880.00 2/4/2005 463960 REGIS RADIATOR SERVICE 2,651.19 2/4/2005 463961 ALLIED BEARING AND SUPPLY, INC 1,258.92 2/4/2005 463962 DOUSSAN 11,685.88 2/4/2005 463964 SOUTHWESTERN BELL 1,874.06 2/4/2005 463965 SAM BROUSSARD TRUCKING CO. 3,883.68 2/4/2005 463966 DARCEY'S UPHOLSTERY & GLASS 330.90 2/4/2005 463967 DIXIE OFFICE PRODUCTS 856.03 2/4/2005 463968 SEA-TRAC OFFSHORE SERVICE, INC 2,437.64 2/4/2005 463969 EMPIRE FUEL & OIL 190.00 2/4/2005 463970 KEN WALLACE 1,726.07 Director 2/4/2005 463971 PACIFIC GULF WIRE ROPE, INC. 17,049.24 2/4/2005 463972 AARON OIL COMPANY, INC. 125.00 2/4/2005 463973 BATON ROUGE INDUSTRIES, INC 416.67 2/4/2005 463974 CINGULAR WIRELESS 65.56 2/4/2005 463975 INTL. OFFSHORE CONST., INC. 8,750.00 2/4/2005 463976 AIRDYNE 3,900.00 2/4/2005 463977 ANDREW L. MICHEL 1,564.77 Director
FORM 2-D CASH RECEIPTS AND DISBURSEMENTS STATEMENTS
Wire/ Date Check # Payee Amount Description (Source) ---------- -------- ------------------------------------- ------------ -------------------- 2/4/2005 463978 EDWARD HOLLAND 414.85 Employee 2/4/2005 463980 DANIEL BABIN 334.32 Employee 2/4/2005 463981 BAY TECH INDUSTRIES, INC. 221.60 2/4/2005 463982 JOSEPH RAEDEKE 250.00 Employee 2/4/2005 463983 ASSOCIATED OFFICE SYSTEMS 342.05 2/4/2005 463984 THRUSTMASTERS OF TEXAS, INC. 25,000.00 2/4/2005 463985 ENERGY CATERING SERVICES, LLC 803.40 2/4/2005 463986 RICHARD J SHOPF 1,726.07 Director 2/4/2005 463987 RESTECH 281.25 2/4/2005 463988 LARRY A. BARRETT 141.12 Employee 2/4/2005 463989 WHITCO SUPPLY CO 4,886.74 2/4/2005 463990 BAYOU BLACK ELECTRIC, LLC 3,806.79 2/4/2005 463991 SPELL & SPELL OFFSHORE 7,843.98 2/4/2005 463992 DIXIE MAT & HARDWOOD 1,680.00 2/4/2005 463993 TRI-STAR SUPPLY CO., INC. 112.00 2/4/2005 463994 DESTREHAN DISCOUNT PHARMACY 364.19 2/4/2005 463995 DANIEL FOSTER 383.96 Employee 2/4/2005 464002 SHANNON HARDWARE CO. LTD. 1,218.75 2/4/2005 464003 THE COURIER 1,713.13 2/4/2005 464004 THE DAILY ADVERTISER 2,137.44 2/4/2005 464005 ROBERT E. FULTON 106.08 Employee 2/9/2005 464006 POWER DYNAMICS, INC. 6,382.40 2/9/2005 464007 RIETH CORPORATION 161.10 2/9/2005 464008 ABS AMERICAS 176.00 2/10/2005 464009 A R T CATERING, INC 9,589.50 2/10/2005 464010 BAY TECH EQUIP. RENTALS, INC. 1,587.88 2/10/2005 464011 BOLAND MARINE 14,000.00 2/10/2005 464012 NEFF RENTAL 1,090.80 2/10/2005 464013 BUD'S BOAT RENTAL, INC 1,475.00 2/10/2005 464014 CENTRAL GULF TOWING, INC 84,525.00 2/10/2005 464015 COASTLINE CRANE REPAIR 19,719.76 2/10/2005 464016 EXPLORATION SUPPLIES 1,318.25 2/10/2005 464017 GENERAL MARINE LEASING 8,610.00 2/10/2005 464018 HEAD & ENGQUIST 1,081.25 2/10/2005 464019 HERCULES WIRE & ROPE 1,340.00 2/10/2005 464020 MARK TOOL & RUBBER CO. 2,648.34 2/10/2005 464021 NES EQUIPMENT RENTAL LP 4,958.13 2/10/2005 464022 MCMASTER CARR SUPPLY CO. 1,054.65 2/10/2005 464023 RICHARD'S RESTAURANT SUPPLY 215.00 2/10/2005 464024 SAMSON INDUSTRIAL 452.40 2/10/2005 464025 SOUTHLAND STEEL & SUPPLY 9,057.22 2/10/2005 464026 TECH OIL PRODUCTS 314.50 2/10/2005 464027 VACCO MARINE, INC. 8,097.00 2/10/2005 464028 BELL SOUTH 432.33 2/10/2005 464029 ELTON JOHNO 279.84 Employee 2/10/2005 464030 FUELMAN OF NEW ORLEANS 52.51 2/10/2005 464031 UNITED PARCEL SERVICE 16.00 2/10/2005 464032 WASTE MGMT. OF SOUTH LOUISIANA 1,171.42 2/10/2005 464033 UNISHIPPERS 68.89 2/10/2005 464034 HARVEY JONES VESSEL AGENTS 1,973.40 2/10/2005 464035 XEROX CORPORATION 2,165.28 2/10/2005 464036 CUMMINS MID-SOUTH, INC. 4,346.38 2/10/2005 464037 DHL EXPRESS (USA), INC. 174.64 2/10/2005 464038 USI GULF COAST 1,000.00 2/10/2005 464039 DOUSSAN 4,297.05 2/10/2005 464040 SAM BROUSSARD TRUCKING CO. 4,189.00 2/10/2005 464041 HOSE SPECIALTY & SUPPLY CO. 2,072.30 2/10/2005 464042 DIXIE OFFICE PRODUCTS 702.72 2/10/2005 464043 CENTRAL GOVERNMENTAL DEPOSITOR 74.99 2/10/2005 464044 SEA-TRAC OFFSHORE SERVICE, INC 1,836.95 2/10/2005 464045 SHIPYARD SUPPLY 14,156.00 2/10/2005 464046 MAINTECH MAINTENANCE SERVICES, 3,145.37 2/10/2005 464048 LAWSON AND CO., INC. 1,809.21 2/10/2005 464049 ILLINOIS STATE DISBURSEMENT UN 68.24 2/10/2005 464050 PACIFIC GULF WIRE ROPE, INC. 2,328.70 2/10/2005 464051 CROSS RENTALS 9,350.00 2/10/2005 464052 SAM LIRETTE, SR 24.00 Employee 2/10/2005 464053 GARVEY, SMITH,NEHRBASS & DOODY 500.00 2/10/2005 464054 MISS. DEPT OF HUMAN SERVICES 279.23 2/10/2005 464055 BAYOU PIPE MANAGEMENT, INC. 400.00 2/10/2005 464056 INTL. OFFSHORE CONST., INC. 549.04 2/10/2005 464057 BRADLEY LOWE 3,251.00 Employee 2/10/2005 464058 MARSIANIN 21,787.50 2/10/2005 464059 DEPT. OF SOCIAL SERVICES 147.20 2/10/2005 464060 HAROLD J. BARKLEY, JR. 391.50 2/10/2005 464061 MARY SCARDINO NASH 373.45 Employee 2/10/2005 464062 SUPERIOR LABOR SERVICES, INC 12,486.00 2/10/2005 464063 THE KNOX COUNTY CLERKS OFFICE 284.00 2/10/2005 464064 BAY TECH INDUSTRIES, INC. 10,535.85 2/10/2005 464065 JAMES SINGLETARY 550.55 Employee 2/10/2005 464066 MISS. DEPT OF HUMAN SERVICES 78.46 2/10/2005 464067 VERMONT OFFICE 312.50 2/10/2005 464068 ENERGY CATERING SERVICES, LLC 915.06 2/10/2005 464069 DEPARTMENT OF SOCIAL SERVICES 125.07 2/10/2005 464070 MiSDU 155.50 2/10/2005 464071 C&D MARINE, LLC 46,524.21 2/10/2005 464072 OFFICE OF THE ATTORNEY GENERAL 138.46 2/10/2005 464073 DEPT. OF SOCIAL SERVICES 300.00 2/10/2005 464074 DEPT. OF SOCIAL SERVICES 246.18 2/10/2005 464075 MISS. DEPT. OF HUMAN SERVICES 48.47 2/10/2005 464076 DEPT OF SOCIAL SERVICES 91.36 2/10/2005 464077 DATA MGT. ARCHIVES OF N.O. LLC 165.32 2/10/2005 464078 TESLA OFFSHORE, LLC 1,500.00 2/10/2005 464079 THOM ANDERSON 1,318.14 Employee 2/10/2005 464080 WHITCO SUPPLY CO 3,028.41 2/10/2005 464081 OCSE CASE#566952933 269.54 2/10/2005 464082 BAYOU BLACK ELECTRIC, LLC 321.97 2/10/2005 464083 MICHAEL WILLIAMS 26.00 Employee 2/10/2005 464084 LEE WARREN 583.45 Employee 2/10/2005 464085 CHILD SUPPORT ENFORCEMENT 1,117.52 2/10/2005 464086 BSFS EQUIPMENT LEASING 2,964.49 2/10/2005 464087 DEPT. OF SOCIAL SERVICES 82.92 2/10/2005 464088 INTEGRATED SOFTWARE SOLUTIONS 42.50 2/10/2005 464089 DEPT. OF SOCIAL SERVICES 74.99 2/10/2005 464090 TEXAS CHILD SUPPORT SDU 157.85 2/10/2005 464091 DE LAGE LANDEN FINANCIAL SVCS 667.34
FORM 2-D CASH RECEIPTS AND DISBURSEMENTS STATEMENTS
Wire/ Date Check # Payee Amount Description (Source) ---------- -------- ------------------------------------- ------------ -------------------- 2/10/2005 464092 DESTREHAN DISCOUNT PHARMACY 79.69 2/10/2005 464093 DEPT. OF SOCIAL SERVICES 919.98 2/11/2005 464094 BAYOU PIPE MANAGEMENT, INC. 7,480.75 2/14/2005 464095 GALVOTEC ALLOY, INC. 5,445.96 2/14/2005 464096 GB&G DIE & GASKET CO. 632.00 2/15/2005 464097 DONALD WEBRE 372.91 Employee 2/15/2005 464098 LORI VICKERS 875.00 Employee 2/15/2005 464099 SAM LIRETTE, SR 348.31 Employee 2/15/2005 464100 GARVEY, SMITH,NEHRBASS & DOODY 2,200.00 2/16/2005 464101 BAYOU PIPE MANAGEMENT, INC. 335.00 2/16/2005 464102 SATELLITE ENTERTAINMENT CONNEC 400.70 2/16/2005 464103 A R T CATERING, INC 33,455.79 2/16/2005 464104 BAKER LYMAN AND CO., INC 15.13 2/16/2005 464105 BOQUET MACHINE SERVICE, INC. 1,650.00 2/16/2005 464106 NEFF RENTAL 4,163.22 2/16/2005 464107 CENTRAL GULF TOWING, INC 9,855.00 2/16/2005 464108 COASTEL COMMUNICATIONS CO. 4,118.88 2/16/2005 464109 DIVERS SUPPLY, INC 618.40 2/16/2005 464110 DRINKWATER PRODUCTS 1,004.66 2/16/2005 464111 GRAND RENTAL 154.89 2/16/2005 464112 MAKO TECHNOLOGIES, INC. 2,161.34 2/16/2005 464113 INDUSTRIAL WELDING SUPPLY 1,344.94 2/16/2005 464114 KENTWOOD SPRING WATER CO. 47.60 2/16/2005 464115 M/D TOTCO INSTRUMENTATION 4,800.00 2/16/2005 464116 NES EQUIPMENT RENTAL LP 25,776.75 2/16/2005 464117 SUBMAR, INC. 1,680.00 2/16/2005 464118 BELL SOUTH 1,164.15 2/16/2005 464119 AT & T 127.45 2/16/2005 464120 COMMUNITY COFFEE CO., L.L.C. 207.90 2/16/2005 464121 PURCHASE POWER 1,543.51 2/16/2005 464122 SECON 400.00 2/16/2005 464123 DELTA WAVE COMMUNICATIONS, INC 1,455.30 2/16/2005 464124 DHL EXPRESS (USA), INC. 56.69 2/16/2005 464125 PACKARD TRUCK LINES, INC. 271.82 2/16/2005 464126 CURTIS LEMONS 1,583.67 Director 2/16/2005 464127 HOPE SERVICES, INC. 1,440.00 2/16/2005 464128 MARINE SERVICE AND SUPPLY 160.00 2/16/2005 464129 DOUSSAN 8,641.18 2/16/2005 464130 BURKENSTOCK, LLOYD 54.75 Employee 2/16/2005 464131 PUMP EQUIPMENT, INC. 1,510.13 2/16/2005 464132 SAM BROUSSARD TRUCKING CO. 5,525.93 2/16/2005 464133 DIXIE OFFICE PRODUCTS 1,001.25 2/16/2005 464134 EMPIRE FUEL & OIL 2,866.47 2/16/2005 464135 KEN WALLACE 1,583.67 Director 2/16/2005 464136 B & B PUMP & EQUIPMENT RENTALS 1,620.00 2/16/2005 464137 JIM MERMIS 1,094.39 Employee 2/16/2005 464138 PACIFIC GULF WIRE ROPE, INC. 2,137.02 2/16/2005 464139 INTL. OFFSHORE CONST., INC. 2,995.00 2/16/2005 464140 ANDREW L. MICHEL 1,375.33 Director 2/16/2005 464141 MARSIANIN 22,783.00 2/16/2005 464142 AGGREKO 2,623.00 2/16/2005 464143 BEARING SERVICE & SUPPLY, INC. 441.36 2/16/2005 464144 SUPERIOR LABOR SERVICES, INC 17,840.00 2/16/2005 464145 AT&T 520.42 2/16/2005 464146 METALLURGICAL & MATERIALS 31.60 2/16/2005 464147 ENERGY CATERING SERVICES, LLC 48,388.64 2/16/2005 464148 CINGULAR 646.75 2/16/2005 464149 RICHARD J SHOPF 1,583.67 Director 2/16/2005 464150 CINGULAR 44.50 2/16/2005 464151 CINGULAR 1,498.72 2/16/2005 464152 A T & T WIRELESS 84.42 2/16/2005 464153 VENTURE TRANSPORT LOGISTICS 3,958.90 2/16/2005 464154 MICHAEL DOHM 164.25 Employee 2/16/2005 464155 BAYOU BLACK ELECTRIC, LLC 544.45 2/16/2005 464156 HOUR MESSENGER 8.50 2/17/2005 464157 CONSOLIDATED HEALTH PLANS 22,076.78 2/17/2005 464158 SAM LIRETTE, SR 272.00 Employee 2/17/2005 464159 AMERITAS 7,972.78 2/17/2005 464160 PRUDENTIAL 15,920.94 2/17/2005 464161 THE DAILY ADVERTISER 1,234.00 2/17/2005 464162 THOM ANDERSON 500.00 Employee 2/18/2005 464163 THE COURIER 1,537.67 2/22/2005 2 MARCH LABORATORY SERVICE 698.00 2/22/2005 3 GALVOTEC ALLOY, INC. 1,512.00 2/22/2005 4 BAYOU PIPE MANAGEMENT, INC. 2,056.50 2/24/2005 5 THE COURIER 296.00 2/24/2005 6 THE DAILY ADVERTISER 660.77 2/24/2005 7 BAY TECH EQUIP. RENTALS, INC. 4,640.00 2/24/2005 8 BUD'S BOAT RENTAL, INC 660.00 2/24/2005 9 DIVERS SUPPLY, INC 135.95 2/24/2005 10 EXPLORATION SUPPLIES 600.35 2/24/2005 11 K & S DIESEL 547.94 2/24/2005 12 MORGAN CITY RENTALS 3,870.00 2/24/2005 13 VACCO MARINE, INC. 2,065.50 2/24/2005 14 MUDBUGS SELF STORAGE 156.00 2/24/2005 15 UNITED PARCEL SERVICE 32.00 2/24/2005 16 MOBILETEL 7,454.62 2/24/2005 17 WASTE MGMT. OF SOUTH LOUISIANA 332.52 2/24/2005 18 LEBLANC & ASSOC. 1,800.33 2/24/2005 19 UWELL DEROUEN 382.89 Employee 2/24/2005 20 HARVEY JONES VESSEL AGENTS 1,772.90 2/24/2005 21 DHL EXPRESS (USA), INC. 44.66 2/24/2005 22 PIERCE COMMERCIAL DISTRIBUTOR 175.87 2/24/2005 23 MATT LOWREY 1,044.52 Employee 2/24/2005 24 DOUSSAN 6,050.42 2/24/2005 25 PUMP EQUIPMENT, INC. 2,817.00 2/24/2005 26 LUGIBIHL, RODNEY 69.35 Employee 2/24/2005 27 SAM BROUSSARD TRUCKING CO. 1,529.28 2/24/2005 28 DIXIE OFFICE PRODUCTS 458.00 2/24/2005 29 CENTRAL GOVERNMENTAL DEPOSITOR 276.93 2/24/2005 30 SEA-TRAC OFFSHORE SERVICE, INC 108.58 2/24/2005 31 RESPONSIBLE PEST MANAGEMENT 450.00 2/24/2005 33 ILLINOIS STATE DISBURSEMENT UN 68.24 2/24/2005 34 PLATINUM PLUS FOR BUSINESS 4,695.89 2/24/2005 35 EMPIRE FUEL & OIL 4,562.42 2/24/2005 36 SAM'S CLUB 118.55
FORM 2-D CASH RECEIPTS AND DISBURSEMENTS STATEMENTS
Wire/ Date Check # Payee Amount Description (Source) ---------- -------- ------------------------------------- ------------ -------------------- 2/24/2005 37 F&M MAFCO, INC. 3,509.00 2/24/2005 38 PACIFIC GULF WIRE ROPE, INC. 1,886.68 2/24/2005 39 SAM LIRETTE, SR 278.37 Employee 2/24/2005 40 KENTWOOD SPRING WATER 132.14 2/24/2005 41 TECHWELD 825.00 2/24/2005 42 LOUISIANA CEMENT PRODUCTS, INC 2,595.32 2/24/2005 43 ACADIANA CREW CHANGE SERVICE 775.00 2/24/2005 44 MISS. DEPT OF HUMAN SERVICES 191.27 2/24/2005 45 BAYOU PIPE MANAGEMENT, INC. 657.00 2/24/2005 46 MARSIANIN 26,444.00 2/24/2005 47 DEPT. OF SOCIAL SERVICES 147.20 2/24/2005 48 DEPT. OF SOCIAL SERVICES 48.28 2/24/2005 49 HAROLD J. BARKLEY, JR. 391.50 2/24/2005 50 THE DEPOSITORY TRUST COMPANY 85.00 2/24/2005 51 BEARING SERVICE & SUPPLY, INC. 463.95 2/24/2005 52 ROBERT E. FULTON 801.87 Employee 2/24/2005 53 SUBURBAN EMERGENCY CENTER 1,114.00 2/24/2005 54 SUPERIOR LABOR SERVICES, INC 19,005.00 2/24/2005 55 THOMAS ARMSTRONG 352.25 Employee 2/24/2005 56 ANGELA D. JOHNSON 143.82 Employee 2/24/2005 57 THE KNOX COUNTY CLERKS OFFICE 284.00 2/24/2005 58 BAY TECH INDUSTRIES, INC. 899.90 2/24/2005 59 MISS. DEPT OF HUMAN SERVICES 78.46 2/24/2005 60 GATOR EQUIPMENT RENTALS LLC 765.00 2/24/2005 61 VERMONT OFFICE 312.50 2/24/2005 62 DEPARTMENT OF SOCIAL SERVICES 125.07 2/24/2005 63 ROBERT JAMIE WISE 362.33 Employee 2/24/2005 64 CHILD SUPPORT PAYMENT CENTER 180.46 2/24/2005 65 MiSDU 155.50 2/24/2005 66 C&D MARINE, LLC 5,512.50 2/24/2005 67 OFFICE OF THE ATTORNEY GENERAL 138.46 2/24/2005 68 DEPT. OF SOCIAL SERVICES 300.00 2/24/2005 69 DEPT. OF SOCIAL SERVICES 246.18 2/24/2005 70 ERNEST DAVID ALLEN III 359.90 Employee 2/24/2005 71 MISS. DEPT. OF HUMAN SERVICES 48.47 2/24/2005 72 DEPT OF SOCIAL SERVICES 91.36 2/24/2005 73 DEPT. OF SOCIAL SERVICES 48.28 2/24/2005 74 SEATRONICS, INC 4,500.00 2/24/2005 75 WHITCO SUPPLY CO 1,859.88 2/24/2005 76 OCSE CASE#566952933 269.54 2/24/2005 77 BAYOU BLACK ELECTRIC, LLC 2,495.23 2/24/2005 78 CHILD SUPPORT ENFORCEMENT 313.45 2/24/2005 79 DEPT. OF SOCIAL SERVICES 82.92 2/24/2005 80 BRETT BAROUSSE 204.72 Employee 2/24/2005 81 DEPT OF SOCIAL SERVICES 304.46 2/24/2005 82 FIBERGLASS UNLIMITED, INC 2,400.00 2/24/2005 83 CHARLES DEROUEN 222.29 Employee 2/24/2005 84 DEPT. OF SOCIAL SERVICES 302.02 2/24/2005 85 TEXAS CHILD SUPPORT SDU 157.85 2/24/2005 86 DEPT. OF SOCIAL SERVICES 766.70 2/24/2005 87 DAVID REISS, M.D. APMC 398.00 2/24/2005 88 ABSG CONSULTING, INC. 1,599.00 2/25/2005 89 INDUSTRIAL WELDING SUPPLY 1,919.31 2/28/2005 n/a TOL -Operating Account 100,000.00 Intracompany Transfer 2/28/2005 n/a TOL - Accounts Payable, DIP 134,694.37 Intracompany Transfer 2/28/2005 n/a Wire Transfer Fees 180.00 2/22/2005 61786 Fugro Chance 56,540.00 2/22/2005 61787 Crosby Tugs 66,500.00 2/22/2005 61788 Retif Oil & Fuel 24,708.75 2/22/2005 61789 C-Port/Stone 65,775.00 2/23/2005 61790 Crosby Tugs 56,000.00 2/23/2005 61791 Intercompany Funds Transfer 147,371.35 Intercompany Transfer 2/23/2005 61792 Intercompany Funds Transfer 5,000.00 Intercompany Transfer 2/23/2005 61793 Intercompany Funds Transfer 150,000.00 Intercompany Transfer 2/24/2005 61794 Cross Services 11,050.00 2/25/2005 61795 Retif Oil & Fuel 20,787.00 2/25/2005 61796 ASCO 16,300.57 2/28/2005 61797 Fugro Chance 56,540.00 2/28/2005 61798 Crosby Tugs 66,500.00 2/14/2005 n/a Houston Petty Cash 500.00 Closed Houston Petty Cash ------------ Total Cash Disbursements 7,288,048.53 ============
FORM 2-D SUPPORTING SCHEDULES CASE NAMES: Torch Offshore, LLC (05-10138) FOR PERIOD: 2/1/2005 to 2/28/2005 POST-PETITION ACCOUNTS PAYABLE AGING REPORT
Type 0-30 31-60 61-90 Over 90 --------------------------------------------------------- --------- --------- -------- --------- Vendor 039 / BOQUET MACHINE SERVICE, INC. 150.00 - - - Vendor 100 / EXPLORATION SUPPLIES 107.04 - - - Vendor 184 / MARK TOOL & RUBBER CO. 2,329.13 - - - Vendor 225 / RADTKE CONSTRUCTION, INC. 460.00 - - - Vendor 394 / SOUTH LA. ELECTRIC CORP. 4,152.27 - - - Vendor 424 / CONSOLIDATED WATERWORKS 1,115.54 - - - Vendor 480 / WILKENS WEATHER TECHNOLOGIES, 800.00 - - - Vendor 536 / ALLFAX 585.03 - - - Vendor 617 / SECON 199.50 - - - Vendor 661 / DELTA WAVE COMMUNICATIONS, INC 326.00 - - - Vendor 800 / ARCH PAGING OF HOUMA 81.31 - - - Vendor 907 / DOUSSAN 705.44 - - - Vendor 1065 / SAM BROUSSARD TRUCKING CO. 1,389.75 - - - Vendor 1500 / SAM LIRETTE, SR 180.37 - - - Vendor 1544 / TECHWELD 2,120.00 - - - Vendor 1569 / GARVEY, SMITH,NEHRBASS & DOODY Type: LEGAL 176.00 - - - Vendor 2195 / WEST JEFFERSON BEHAVIORAL MEDI 1,169.73 - - - Vendor 2403 / CITY BLUEPRINT & SUPPLY CO. Type: SERVIC 135.94 - - - Vendor 2427 / STRATOS OFFSHORE SERVICE Type: PHONE 945.73 - - - Vendor 2692 / VENTURE TRANSPORT LOGISTICS Type: TRUCK 854.60 - - - Vendor 2697 / WHITCO SUPPLY CO Type: FLANGE 1,173.60 - - - Vendor 2699 / MICHAEL DOHM Type: EMPLOY 246.90 - - - Vendor 2813 / HOUR MESSENGER Type: POSTAG 27.00 - - - Vendor 2956 / DAVID REISS, M.D. APMC Type: W/C 82.00 - - - Vendor 2958 / NORTH OKALOOSA MED. CTR Type: W/C 2,517.00 - - - Vendor TEMP0053 / PLAQUEMINES PORT AUTHORITY Type: TEMP 50.00 - - - Vendor 003 / A R T CATERING, INC Type: CATERI 31,114.90 - - - Vendor 026 / BAKER LYMAN AND CO., INC 45.00 - - - Vendor 028 / BAY TECH EQUIP. RENTALS, INC. Type: RENTAL 10,866.30 - - - Vendor 039 / BOQUET MACHINE SERVICE, INC. 65.00 - - - Vendor 045 / NEFF RENTAL 1,090.80 - - - Vendor 046 / BUD'S BOAT RENTAL, INC 5,202.50 - - - Vendor 062 / COASTLINE CRANE REPAIR 3,097.43 - - - Vendor 083 / DIVERS SUPPLY, INC 1,217.80 - - - Vendor 087 / DREYFUS-CORTNEY, INC 2,165.44 - - - Vendor 100 / EXPLORATION SUPPLIES 1,653.15 - - - Vendor 114 / GENERAL MARINE LEASING 13,552.00 - - - Vendor 115 / GENERAL MILLS 1,123.56 - - - Vendor 120 / GRAND RENTAL 1,982.40 - - - Vendor 130 / HEAD & ENGQUIST 19,524.68 - - - Vendor 133 / HERCULES WIRE & ROPE 4,971.00 - - - Vendor 136 / HOUMA ARMATURE WORKS & SUPPLY 1,322.00 - - - Vendor 145 / MAKO TECHNOLOGIES, INC. 5,478.87 - - - Vendor 149 / INDUSTRIAL WELDING SUPPLY 2,325.46 - - - Vendor 159 / K & S DIESEL 1,027.33 - - - Vendor 165 / L & L IRONWORKS, INC. 238.00 - - - Vendor 178 / MAJOR EQUIPMENT & REMEDIATION 4,800.00 - - - Vendor 186 / NES EQUIPMENT RENTAL LP Type: PUMPS 3,870.00 - - - Vendor 187 / MCMASTER CARR SUPPLY CO. 1,292.04 - - - Vendor 195 / MORGAN CITY RENTALS 1,031.63 - - - Vendor 218 / POWER DYNAMICS, INC. 1,195.37 - - - Vendor 227 / RADIO SHACK CORPORATION 159.98 - - - Vendor 236 / RICHARD'S RESTAURANT SUPPLY 952.14 - - - Vendor 240 / ROYAL CHEMICAL CORPORATION 439.00 - - - Vendor 256 / SOUTHLAND STEEL & SUPPLY 2,075.62 - - - Vendor 260 / SUBMAR, INC. 5,917.00 - - - Vendor 265 / TECH OIL PRODUCTS 1,694.50 - - - Vendor 273 / UNITECH DIESEL 78.24 - - - Vendor 379 / LEBLANC & ASSOC. 965.80 - - - Vendor 416 / HARVEY JONES VESSEL AGENTS 1,444.70 - - - Vendor 661 / DELTA WAVE COMMUNICATIONS, INC 9,469.31 - - - Vendor 754 / M & M BUMPER SERVICE, INC. 787.12 - - - Vendor 898 / MARINE SERVICE AND SUPPLY 355.20 - - - Vendor 903 / ALLIED BEARING AND SUPPLY, INC 1,847.12 - - - Vendor 907 / DOUSSAN 14,907.37 - - - Vendor 909 / INDUSTRIAL AND MARINE EQUIPMEN 1,207.92 - - - Vendor 950 / C.E.D., INC 669.10 - - -
FORM 2-E SUPPORTING SCHEDULES
Type 0-30 31-60 61-90 Over 90 --------------------------------------------------------- ---------- --------- -------- --------- Vendor 968 / PUMP EQUIPMENT, INC. 1,430.31 - - - Vendor 1065 / SAM BROUSSARD TRUCKING CO. 6,601.53 - - - Vendor 1096 / ZEE SERVICE CO. 90.00 - - - Vendor 1101 / HOSE SPECIALTY & SUPPLY CO. 515.00 - - - Vendor 1107 / DIXIE OFFICE PRODUCTS 1,139.40 - - - Vendor 1117 / SEA-TRAC OFFSHORE SERVICE, INC 1,018.40 - - - Vendor 1123 / SOUTHERN ELECTRONICS SUPPLY 115.00 - - - Vendor 1152 / SHIPYARD SUPPLY 778.50 - - - Vendor 1245 / LAWSON AND CO., INC. 4,259.80 - - - Vendor 1262 / LLOYD'S REGISTER OF SHIPPING 9,534.92 - - - Vendor 1364 / B & B PUMP & EQUIPMENT RENTALS 102.43 - - - Vendor 1423 / F&M MAFCO, INC. 1,004.00 - - - Vendor 1431 / PACIFIC GULF WIRE ROPE, INC. 57,758.80 - - - Vendor 1589 / LOUISIANA CEMENT PRODUCTS, INC 2,595.32 - - - Vendor 1797 / INTL. OFFSHORE CONST., INC. 549.04 - - - Vendor 1826 / AIRDYNE 9,803.20 - - - Vendor 1835 / MARSIANIN Type: LABOR 63,104.50 - - - Vendor 2034 / BEARING SERVICE & SUPPLY, INC. Type: BEARIN 294.24 - - - Vendor 2077 / SUPERIOR LABOR SERVICES, INC Type: LABOR 33,251.00 - - - Vendor 2242 / WOMACK MACHINE SUPPLY Type: HYDOR 870.89 - - - Vendor 2253 / BAY TECH INDUSTRIES, INC. 4,591.84 - - - Vendor 2347 / LYTAL MARINE OPERATORS, INC. Type: CHARTE 26,650.00 - - - Vendor 2411 / ENERGY CATERING SERVICES, LLC Type: CATERI 50,556.21 - - - Vendor 2603 / SEATRONICS, INC Type: RENTAL 1,800.00 - - - Vendor 2622 / TESLA OFFSHORE, LLC Type: SURVEY 21,925.00 - - - Vendor 2692 / VENTURE TRANSPORT LOGISTICS Type: TRUCK 1,974.87 - - - Vendor 2697 / WHITCO SUPPLY CO Type: FLANGE 14,491.14 - - - Vendor 2726 / BAYOU BLACK ELECTRIC, LLC Type: ELECT 2,623.16 - - - Vendor 2825 / FIBERGLASS UNLIMITED, INC 2,800.00 - - - Vendor 2945 / BAYS COMPANY, INC. Type: STARTE 1,055.00 - - - Vendor 2946 / TRI-STAR SUPPLY CO., INC. Type: SUPPLY 1,450.11 - - - Vendor 2957 / DIRECTV Type: SATELL 483.99 - - - Vendor 2959 / DISH NETWORK 132.81 - - - ---------- -- -- -- 510,653.07 - - - ========== == == ==
FORM 2-E SUPPORTING SCHEDULES CASE NAMES: Torch Offshore, LLC (05-10138) FOR PERIOD: 2/1/2005 to 2/28/2005 ACCOUNTS RECEIVABLE AGING REPORT
Account Name 0-30 31-60 61-90 Over 90 ------------------------------- -------------- ------------ ----------- ------------ DMT - - - 204,510.03 EXXON MOBIL 74,480.39 - - - WILLIAM G. HELLIS 336,645.15 336,220.00 373,870.00 - HUNT - 541,257.00 - - KERR McGEE 615,650.00 - - - MARATHON 1,217,305.69 3,368,479.62 440,755.14 - MEXSUB - - - 771,650.00 OCEAN/BLUE - - - 715,213.19 PALACE OPERATING COMPANY 502,225.00 1,153,237.00 - - REMINGTON OIL & GAS 1,182,285.00 - - - SPINNAKER EXPLORATION 512,520.00 394,785.00 - - TAYLOR 1,110,823.50 - - - WESTPORT 91,489.00 - - - Allowance for Doubtful Accounts (1,215,973.00) - - - ------------- ------------ ---------- ------------ Total Receivables at 2/28/05 4,427,450.73 5,793,978.62 814,625.14 1,691,373.22 ============= ============ ========== ============
FORM 2-E SUPPORTING SCHEDULES CASE NAMES: Torch Offshore, LLC (05-10138) FOR PERIOD: 2/1/2005 to 2/28/2005 INSURANCE SCHEDULE
Type Carrier/Agent Coverage ($) Date of Expiration Premium Paid ---------------------- ------------------------------------------------------ ------------- ------------------ ------------ Worker's Compensation LA Workers Comp Corp $ 1,000,000 1/26/06 General Liability Steadfast Ins. Co. $ 2,000,000 8/14/05 Property (Fire, Theft) LA Insurance Underwriter Association $ 146,000 7/13/05 Vehicle American Guarantee and Liability $ 1,000,000 8/14/05 Excess XL Specialty Fireman's Fund Navigators $ 14,000,000 6/30/05 Primary Hull XL Specialty Various 6/30/05 Excess Hull GCM Underwriting Pool Various 6/30/05 Protection & Indemnity American Steamship Owners Mutual P&I Association, Inc. $ 2,000,000 5/21/05 Pollution Liability Water Quality Insurance Syndicate $ 5,000,000 4/10/05 Equipment Floater Commonwealth Insurance Co. of America $ 9,493,579 4/10/05
FORM 2-E Case Name: Torch Offshore, L.L.C. Case Number: 05-10137 NARRATIVE STATEMENT For Period February 1, 2005 to February 28, 2005 Please provide a brief description of the significant business and legal action by the debtor, its creditors or the court during the reporting period. Comments should include any change in bank accounts, explanation of extraordinary expenses and purposes of any new post-petition financing. Comments should also include debtor's efforts during the month to rehabilitate the business and to develop a plan. Torch Offshore, L.L.C. (the "Company") is working on a strategy for its plan of reorganization.