EX-99.1 2 h24677exv99w1.txt TORCH OFFSHORE, INC. MONTHLY OPERATING REPORT . . . MONTHLY OPERATING REPORT CHAPTER 11 CASE NAMES: Torch Offshore, Inc. (05-10137) FOR PERIOD: 3/1/2005 to 3/31/2005
Previously Form Attached 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: 4/25/2005 By: /s/ Lyle G. Stockstill ----------------------------------------- (Lyle G. Stockstill - Chairman and Chief Executive Officer) COMPARATIVE BALANCE SHEET CASE NAMES: Torch Offshore, Inc. (05-10137)
UNCONSOLIDATED AND UNAUDITED ----------------------------------------------------------------- AS OF AS OF AS OF AS OF 1/7/2005 1/31/2005 2/28/2005 3/31/2005 -------------- -------------- -------------- -------------- ASSETS CURRENT ASSETS: Cash (414,862.65) (136,944.19) (121,846.82) (152,740.19) Due from affiliates 140,610,363.44 141,834,836.11 140,706,216.87 140,860,103.18 Accounts receivable- Trade, Net 5,996,248.36 5,513,996.30 5,877,867.90 5,458,019.28 Other 1,510,412.34 - - - Costs and estimated earnings in excess of billings on uncompleted contracts 55,306.00 116,224.74 - 1,095,186.00 Prepaid expenses and other 1,823,694.11 1,918,819.48 1,753,463.33 2,507,943.51 -------------- -------------- -------------- -------------- Total current assets 149,581,161.60 149,246,932.44 148,215,701.28 149,768,511.78 ============== ============== ============== ============== PROPERTY AND EQUIPMENT, at cost 25,918,255.91 25,951,198.70 25,968,259.58 25,968,259.58 Less: Accumulated Depreciation 2,828,709.23 3,006,152.54 3,210,643.66 3,416,435.20 -------------- -------------- -------------- -------------- NET PROPERTY AND EQUIPMENT 23,089,546.68 22,945,046.16 22,757,615.92 22,551,824.38 -------------- -------------- -------------- -------------- DEFERRED DRYDOCKING CHARGES - - - - OTHER ASSETS 257,735.15 251,672.17 243,840.99 260,078.05 -------------- -------------- -------------- -------------- Total assets 172,928,443.43 172,443,650.77 171,217,158.19 172,580,414.21 ============== ============== ============== ============== LIABILITIES AND STOCKHOLDERS' EQUITY POST-PETITION LIABILITIES Accounts payable - trade - 85,431.59 295,358.08 558,916.84 Accrued expenses - 1,024,794.50 2,134,416.03 3,720,631.67 Accrued payroll and related taxes - 838,358.39 883,637.32 604,031.90 DIP line of credit - - 1,100,000.00 5,450,000.00 Other - 2,616.45 2,600.00 2,900.00 -------------- -------------- -------------- -------------- TOTAL POST-PETITION LIABILITIES - 1,951,200.93 4,416,011.43 10,336,480.41 -------------- -------------- -------------- -------------- PRE-PETITION LIABILITIES - SUBJECT TO COMPROMISE Accounts payable - trade 10,265,679.77 10,265,679.77 10,235,946.47 10,235,946.47 Accrued expenses 4,819,162.69 4,740,526.71 4,740,526.71 4,740,526.71 Accrued payroll and related taxes 314,428.72 - - - Financed insurance premiums - - - - Billings in excess of costs and estimated earnings on unbilled contracts - - - - Finance Facility 78,480,670.81 78,480,670.81 78,480,670.81 78,480,670.81 Long-term debt 14,501,863.55 14,500,840.69 14,501,863.55 14,501,863.55 Non-revolving line of credit 4,854,535.00 4,854,535.00 4,854,534.50 4,854,534.50 Receivable line of credit 14,591,971.16 14,591,971.16 14,617,121.66 14,617,121.66 -------------- -------------- -------------- -------------- Total pre-petition current liabilities 127,828,311.70 127,434,224.14 127,430,663.70 127,430,663.70 -------------- -------------- -------------- -------------- PRE-PETITION LIABILITIES - SUBJECT TO COMPROMISE Long-term debt, less current portion - - - - Other long-term liabilities - - - - -------------- -------------- -------------- -------------- Total pre-petition long-term liabilities - - - - -------------- -------------- -------------- -------------- Total liabilities 127,828,311.70 129,385,425.07 131,846,675.13 137,767,144.11 ============== ============== ============== ============== STOCKHOLDERS' EQUITY: Common stock 133,960.56 133,960.56 133,960.56 133,960.56 Preferred stock - - - - Paid-in-capital 85,617,725.99 85,617,725.99 85,617,725.99 85,617,725.99 Treasury stock (4,258,064.76) (4,258,064.76) (4,258,064.76) (4,258,064.76) Deferred compensation (227,718.45) (219,128.00) (208,032.00) (196,936.00) Retained earnings Through filing date (36,165,771.61) (36,165,771.61) (36,165,771.61) (36,165,771.61) Post filing date - (2,050,496.48) (5,749,335.12) (10,317,644.08) -------------- -------------- -------------- -------------- Total stockholders' equity 45,100,131.73 43,058,225.70 39,370,483.06 34,813,270.10 -------------- -------------- -------------- -------------- Total liabilities and stockholders' equity 172,928,443.43 172,443,650.77 171,217,158.19 172,580,414.21 ============== ============== ============== ==============
FORM 2-B PROFIT AND LOSS STATEMENT CASE NAMES: Torch Offshore, Inc. (05-10137)
UNCONSOLIDATED AND UNAUDITED ------------------------------------------------------ PERIOD OF PERIOD OF PERIOD OF 1/8/05 - 1/31/05 2/1/05 - 2/28/05 3/1/05 - 3/31/05 ---------------- ---------------- ---------------- REVENUES 763,379.00 879,926.00 1,126,942.00 COST OF REVENUES Cost of Sales 1,781,558.00 2,532,872.64 2,862,293.92 ------------- ------------- ------------- GROSS PROFIT (DEFICIT) (1,018,179.00) (1,652,946.64) (1,735,351.92) ------------- ------------- ------------- Depreciation & Amortization 184,828.00 213,672.00 214,242.03 General and Administrative Expenses 266,948.00 305,858.00 281,468.00 Other Operating Cost - - - ============= ============= ============= TOTAL COST OF REVENUES 451,776.00 519,530.00 495,710.03 ============= ============= ============= OPERATING INCOME (LOSS) (1,469,955.00) (2,172,476.64) (2,231,061.95) ============= ============= ============= OTHER INCOME (EXPENSE) Interest expense (580,541.48) (670,369.00) (772,527.01) Interest income - - - ------------- ------------- ------------- Total other income (expense) (580,541.48) (670,369.00) (772,527.01) ------------- ------------- ------------- INCOME (LOSS) BEFORE REORG. COSTS & INCOME TAXES (2,050,496.48) (2,842,845.64) (3,003,588.96) ============= ============= ============= REORGANIZATION COSTS - (855,993.00) (1,564,720.00) INCOME TAX EXPENSE - - - ============= ============= ============= NET INCOME(LOSS) (2,050,496.48) (3,698,838.64) (4,568,308.96) ============= ============= =============
FORM 2-C CASH RECEIPTS AND DISBURSEMENTS STATEMENT CASE NAMES: Torch Offshore, Inc. (05-10137) FOR PERIOD: 3/1/2005 to 3/31/2005 CASH RECONCILIATION 1. Beginning Cash Balance (121,846.82) 2. Cash Receipts 2,073,314.79 ------------ 3. Cash Disbursements 2,104,208.16 ------------ 4. Net Cash Flow (30,893.37) ----------- ----------- 5. Ending Cash Balance (152,740.19) ===========
CASH SUMMARY - ENDING BALANCE
Account Name Account # Amount Financial Institution ------------------------------ ------------ ------------ --------------------- Payroll Account 41-0508-1335 - Regions Bank Employee Benefit Account 41-0508-2285 - Regions Bank Cash Collateral Account 41-0517-6247 - Regions Bank Cash Collateral Account 41-0517-6255 - Regions Bank Cash Collateral Account 41-0517-6263 - Regions Bank Employee Benefit Account - DIP 41-0517-6557 (239,960.23) Regions Bank Operation Account - DIP 41-0520-8408 - Regions Bank Payroll Account - DIP 41-0520-8815 47,220.04 Regions Bank Nigeria Account n/a 40,000.00 n/a ----------- Total (152,740.19) ===========
ADJUSTED CASH DISBURSEMENTS FORM 2-D QUARTERLY FEE SUMMARY CASE NAMES: Torch Offshore, Inc. (05-10137)
CASH DISBURSEMENTS -------------------- Torch Offshore, Inc. Payment Date (05-10137) Check No. Date ----------------- -------------------- --------- --------- January 446,769.40 February 1,031,378.94 March 2,098,384.94 ------------- Total 1st Quarter 3,576,533.28 ------------- Quarterly Fee Due $ 8,000.00 000928 4/21/2005 ------------- 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, Inc. (05-10137) FOR PERIOD: 3/1/2005 to 3/31/2005 CASH RECEIPTS JOURNAL
Date Payee Account Amount Description (Source) --------- -------------------- ----------------------------- ------------ --------------------------- 3/3/2005 TOL Payroll Account 443,893.52 Intercompany Money Transfer 3/9/2005 TOL Employee Beneift Account 125,000.00 Intercompany Money Transfer 3/15/2005 TOL Employee Beneift Account 24,000.00 Intercompany Money Transfer 3/22/2005 TOI Employee Beneift Account 3,412.97 Voided Checks 3/1/2005 Michael Middel Employee Beneift Account, DIP 706.46 Cobra Payment 3/1/2005 Michael Middel Employee Beneift Account, DIP 319.16 Cobra Payment 3/1/2005 David Gray Employee Beneift Account, DIP 706.46 Cobra Payment 3/1/2005 Richard Wrenn Employee Beneift Account, DIP 21.93 Cobra Payment 3/1/2005 Roy Myers Employee Beneift Account, DIP 171.37 Cobra Payment 3/1/2005 Charles Davis Employee Beneift Account, DIP 312.14 Cobra Payment 3/24/2005 Hal Harris Employee Beneift Account, DIP 300.18 Cobra Payment 3/24/2005 Ricky Bell Employee Beneift Account, DIP 433.01 Cobra Payment 3/24/2005 David Gray Employee Beneift Account, DIP 706.46 Cobra Payment 3/24/2005 David Gray Employee Beneift Account, DIP 48.47 Cobra Payment 3/24/2005 IOA Re, Inc Employee Beneift Account, DIP 7,022.57 Cobra Payment 3/24/2005 IOA Re, Inc Employee Beneift Account, DIP 1,763.40 Cobra Payment 3/24/2005 IOA Re, Inc Employee Beneift Account, DIP 30,139.55 Cobra Payment 3/24/2005 Donald Breaux Employee Beneift Account, DIP 706.46 Cobra Payment 3/24/2005 Shlomo Zevvi Employee Beneift Account, DIP 300.18 Cobra Payment 3/24/2005 James Leblanc Employee Beneift Account, DIP 300.18 Cobra Payment 3/24/2005 Robert Current Employee Beneift Account, DIP 300.18 Cobra Payment 3/24/2005 Ochsner Clinic LLC Employee Beneift Account, DIP 96.91 Cobra Payment 3/24/2005 Parkview Health Plan Employee Beneift Account, DIP 275.20 Cobra Payment 3/24/2005 Elvira Ronquillo Employee Beneift Account, DIP 300.18 Cobra Payment 3/24/2005 Elvira Ronquillo Employee Beneift Account, DIP 15.14 Cobra Payment 3/24/2005 Nicole Budde Employee Beneift Account, DIP 736.02 Cobra Payment 3/24/2005 Nicole Budde Employee Beneift Account, DIP 42.49 Cobra Payment 3/24/2005 Nicole Budde Employee Beneift Account, DIP 300.18 Cobra Payment 3/24/2005 L. Buras Employee Beneift Account, DIP 706.46 Cobra Payment 3/3/2005 TOL Operation Account, DIP 14,613.00 Intercompany Money Transfer 3/7/2005 TOL Operation Account, DIP 204,519.20 Intercompany Money Transfer 3/1/2005 TOL Operation Account, DIP 20,128.42 Intercompany Money Transfer 3/15/2005 TOL Operation Account, DIP 35,794.93 Intercompany Money Transfer 3/29/2005 TOL Operation Account, DIP 31,680.30 Intercompany Money Transfer 3/23/2005 TOL Operation Account, DIP 186,226.34 Intercompany Money Transfer 3/4/2005 TOI Payroll Account, DIP 3,000.00 Intracompany Money Transfer 3/4/2005 TOL Payroll Account, DIP 25,000.00 Intercompany Money Transfer 3/10/2005 TOL Payroll Account, DIP 5,200.00 Intercompany Money Transfer 3/16/2005 TOL Payroll Account, DIP 410,299.53 Intercompany Money Transfer 3/18/2005 TOL Payroll Account, DIP 33,000.00 Intercompany Money Transfer 3/21/2005 TOI Payroll Account, DIP 2,823.22 Intracompany Money Transfer 3/23/2005 TOL Payroll Account, DIP 7,500.00 Intercompany Money Transfer 3/30/2002 TOL Payroll Account, DIP 450,492.62 Intercompany Money Transfer ------------ Total Cash Receipts 2,073,314.79 ============
FORM 2-D CASH RECEIPTS AND DISBURSEMENTS STATEMENT CASE NAMES: Torch Offshore, Inc. (05-10137) FOR PERIOD: 3/1/2005 to 3/31/2005 CASH DISBURSEMENTS JOURNAL
Date Check No. Payee Amount Description (Source) --------- --------- ---------------------------------- ---------- ------------------------------------- 3/3/2005 Various Torch Employees - Direct Deposits 443,893.52 Torch Payroll Checks via DD 3/4/2005 n/a TOI - Payroll Account, DIP 3,000.00 Intracompany Transfer 3/21/2005 n/a TOI - Payroll Account, DIP 2,823.22 Intracompany Transfer 3/16/2005 n/a Regions Bank 68.10 Employee Benefit, DIP Deposit slips 3/30/2005 n/a Regions Bank 575.38 Employee Benefit, DIP Checks Returned 3/10/2005 25000 AUDUBON INTERNAL MEDICAL APMC 26.62 Employee Benefit, DIP Checks 3/10/2005 25001 BRUNO U.K. STEINER REHAB CLINC 491.40 Employee Benefit, DIP Checks 3/10/2005 25002 CARDIOVASCULAR SPECIALIST SW LA 68.40 Employee Benefit, DIP Checks 3/10/2005 25003 CARE & COMFORT/OB/GYN, LLC 822.45 Employee Benefit, DIP Checks 3/10/2005 25004 CHMPC 8298 246.87 Employee Benefit, DIP Checks 3/10/2005 25005 CHMPC 8294 30.82 Employee Benefit, DIP Checks 3/10/2005 25006 CHILDREN'S MEDICAL CENTER 102.62 Employee Benefit, DIP Checks 3/10/2005 25007 CHIROPRACTIC CLINIC OF GRETNA 289.91 Employee Benefit, DIP Checks 3/10/2005 25008 COTTON D. FERAY, MD 24.00 Employee Benefit, DIP Checks 3/10/2005 25009 OCHSNER CLINIC 49.22 Employee Benefit, DIP Checks 3/10/2005 25010 DARREN WHITCOMB, MD 83.60 Employee Benefit, DIP Checks 3/10/2005 25011 DELTA DIAGNOSTICS LLC 1.76 Employee Benefit, DIP Checks 3/10/2005 25012 ECACH DBA ATMORE 163.80 Employee Benefit, DIP Checks 3/10/2005 25013 ELBERTA CLINIC 72.00 Employee Benefit, DIP Checks 3/10/2005 25014 FAMILY DOCTOR CLINIC 183.02 Employee Benefit, DIP Checks 3/10/2005 25015 FAMILY DOCTOR CLINIC 158.35 Employee Benefit, DIP Checks 3/10/2005 25016 CARDIOVASC INST OF 723.82 Employee Benefit, DIP Checks 3/10/2005 25017 FOOT AND ANKLE HEALTH CENTER 216.99 Employee Benefit, DIP Checks 3/10/2005 25018 GENZYME GENETICS 142.00 Employee Benefit, DIP Checks 3/10/2005 25019 GREGORY MAIDOH, MD 691.72 Employee Benefit, DIP Checks 3/10/2005 25020 HEART & VASCULAR CLINIC 1,523.59 Employee Benefit, DIP Checks 3/10/2005 25021 HOUSTON CARDIAC CLINIC PA 110.14 Employee Benefit, DIP Checks 3/10/2005 25022 HSE MEDICAL ASSOCIATES 219.00 Employee Benefit, DIP Checks 3/10/2005 25023 JACOBS CHIROPRACTIC CLINIC 74.92 Employee Benefit, DIP Checks 3/10/2005 25024 JOHN TU THIEN, M.D. 58.63 Employee Benefit, DIP Checks 3/10/2005 25025 JORGE J. BRAVO, MD, APC 696.15 Employee Benefit, DIP Checks 3/10/2005 25026 KENNER REGIONAL MEDICAL CENTER 106.71 Employee Benefit, DIP Checks 3/10/2005 25027 KSF ORTHOPAEDIC CENTER, PA 118.33 Employee Benefit, DIP Checks 3/10/2005 25028 LABCORP OF AMERICA 170.48 Employee Benefit, DIP Checks 3/10/2005 25029 LAKESIDE FAMILY PRACTICE 26.62 Employee Benefit, DIP Checks 3/10/2005 25030 LAKESIDE HOSPITAL URGENT CARE CNTR 81.20 Employee Benefit, DIP Checks 3/10/2005 25031 LEONARD CHABERT MEDICAL CNTR 572.46 Employee Benefit, DIP Checks 3/10/2005 25032 LSUHSC S. FAMILY PRACTICE AT 33.16 Employee Benefit, DIP Checks 3/10/2005 25033 MARION COUNTY INT MEDICAL CLNC, PA 47.13 Employee Benefit, DIP Checks 3/10/2005 25034 MEMORIAL HERMANN NORTHWEST HOS 250.00 Employee Benefit, DIP Checks 3/10/2005 25035 MICHAEL R. MELANCON, M.D. 164.10 Employee Benefit, DIP Checks 3/10/2005 25036 MICHAEL S. HAYDEL, MD 46.80 Employee Benefit, DIP Checks 3/10/2005 25037 MOBILE INFIRMARY MEDICAL CNTR 53.20 Employee Benefit, DIP Checks 3/10/2005 25038 HUNTSVILLE PEDIATRIC 74.40 Employee Benefit, DIP Checks 3/10/2005 25039 QUEST DIAGNOSTICS 182.33 Employee Benefit, DIP Checks 3/10/2005 25040 NORTHSHORE OB GYN, APMC 57.25 Employee Benefit, DIP Checks 3/10/2005 25041 OCHSNER CLINIC SLIDELL 142.88 Employee Benefit, DIP Checks 3/10/2005 25042 ORTHO IMAGING 153.00 Employee Benefit, DIP Checks 3/10/2005 25043 PATHOLOGY CONSULTANTS LLC 34.25 Employee Benefit, DIP Checks 3/10/2005 25044 PENSACOLA PEDIATRICS, PA 36.00 Employee Benefit, DIP Checks 3/10/2005 25045 PSA HEALTHCARE 192.60 Employee Benefit, DIP Checks 3/10/2005 25046 QUINTIN O. LAW, M.D. 61.60 Employee Benefit, DIP Checks 3/10/2005 25047 RADIOLOGY ASSOCIATES, P.A. 229.34 Employee Benefit, DIP Checks 3/10/2005 25048 RANDALL P. RICHE, M.D. 158.40 Employee Benefit, DIP Checks 3/10/2005 25049 RAUL R. DIAZ, M.D. 52.15 Employee Benefit, DIP Checks 3/10/2005 25050 ROBERTO C. MEDOZA, M.D. 79.86 Employee Benefit, DIP Checks 3/10/2005 25051 RUSSELL OB/GYN CENTR FOR WOMEN 551.55 Employee Benefit, DIP Checks 3/10/2005 25052 SACRED HEART HOSPITAL OP COMM 57.97 Employee Benefit, DIP Checks 3/10/2005 25053 SADLER CLINIC ASSOC. 182.40 Employee Benefit, DIP Checks 3/10/2005 25054 SCOTT RICKOFF, DPM 32.00 Employee Benefit, DIP Checks 3/10/2005 25055 SHERRI L. MAETOZO, MD, PA 108.71 Employee Benefit, DIP Checks 3/10/2005 25056 SHH/FCPA 193.00 Employee Benefit, DIP Checks 3/10/2005 25057 SINGING RIVER HOSPITAL 249.80 Employee Benefit, DIP Checks 3/10/2005 25058 SINGING RIVER HOSPITAL SYSTEM 1,567.48 Employee Benefit, DIP Checks 3/10/2005 25059 SOUTHERN E. N. T. ASSOCIATES INC 73.00 Employee Benefit, DIP Checks 3/10/2005 25060 ST CHARLES PARISH HOSPITAL 598.14 Employee Benefit, DIP Checks 3/10/2005 25062 STEVEN D. KRAUS, M.D. 9.35 Employee Benefit, DIP Checks 3/10/2005 25063 TERREBONNE GENERAL MEDICAL CENTE 197.24 Employee Benefit, DIP Checks 3/10/2005 25064 TGMC PROFESSIONAL SERVICES 210.60 Employee Benefit, DIP Checks 3/10/2005 25065 THE WILLIAMSON EYE CENTER 44.17 Employee Benefit, DIP Checks 3/10/2005 25066 THE WILLIAMSON EYE CENTER 44.17 Employee Benefit, DIP Checks 3/10/2005 25067 THIBODAUX REGIONAL MEDCAL CENTER 146.00 Employee Benefit, DIP Checks 3/10/2005 25068 THIBODAUX REGL NETWRK DEV CORP 77.44 Employee Benefit, DIP Checks 3/10/2005 25069 THIBODAUX WOMEN'S CENTER, APMC 333.05 Employee Benefit, DIP Checks 3/10/2005 25070 THOMAS M. IRWIN, MD 68.43 Employee Benefit, DIP Checks
FORM 2-D CASH RECEIPTS AND DISBURSEMENTS STATEMENT CASE NAMES: Torch Offshore, Inc. (05-10137) FOR PERIOD: 3/1/2005 to 3/31/2005 CASH DISBURSEMENTS JOURNAL
Date Check No. Payee Amount Description (Source) --------- --------- ----------------------------------- --------- ------------------------------------- 3/10/2005 25071 THOMAS P. MELANCON, M.D. 26.62 Employee Benefit, DIP Checks 3/10/2005 25072 TSENG CLINIC 36.02 Employee Benefit, DIP Checks 3/10/2005 25073 OCHSNER CLINIC 368.47 Employee Benefit, DIP Checks 3/10/2005 25074 UMC HEALHCARE NETWORK 18.21 Employee Benefit, DIP Checks 3/10/2005 25075 WEST BANK WOMEN'S HEALTH 217.18 Employee Benefit, DIP Checks 3/10/2005 25076 WESTSIDE CLINICS, AMC 26.62 Employee Benefit, DIP Checks 3/10/2005 25077 WESTSIDE DERMATOLOGY ASSC PM 26.62 Employee Benefit, DIP Checks 3/10/2005 25078 CHILDRENS HOSPITAL 422.76 Employee Benefit, DIP Checks 3/10/2005 25079 HEART CLINIC OF LOUISIANA 24.13 Employee Benefit, DIP Checks 3/10/2005 25080 OCHSNER CLINIC 84.45 Employee Benefit, DIP Checks 3/10/2005 25081 THE UROLOGIC INSTITUTE OF NEW ORLE 2,917.74 Employee Benefit, DIP Checks 3/10/2005 25082 TULANE UNIVERSITY HOSPITAL AND CLIN 185.39 Employee Benefit, DIP Checks 3/10/2005 25083 LABCORP 86.14 Employee Benefit, DIP Checks 3/10/2005 25084 EDWARD BLUTH, MD 148.43 Employee Benefit, DIP Checks 3/10/2005 25085 CHARLES GENRE, MD 873.20 Employee Benefit, DIP Checks 3/10/2005 25086 EDUARDO R. RANDRUP, MD 79.87 Employee Benefit, DIP Checks 3/10/2005 25087 RAOUL P. RODRIGUEZ, MD 32.66 Employee Benefit, DIP Checks 3/10/2005 25088 JOHN H. COUNCE, MD 52.15 Employee Benefit, DIP Checks 3/10/2005 25089 O/P PHYSICIANS SURGICAL SPE 696.15 Employee Benefit, DIP Checks 3/10/2005 25090 STEPHEN WILLIAMS, MD 18.00 Employee Benefit, DIP Checks 3/10/2005 25091 REUBEN SHRESTMAN, MD 335.07 Employee Benefit, DIP Checks 3/10/2005 25092 MASAKO WAKABAYASHI, MD 334.30 Employee Benefit, DIP Checks 3/10/2005 25093 E. MARIE MENDENHALL, MD 1,420.75 Employee Benefit, DIP Checks 3/10/2005 25094 KIMBERLY J. BARNER, MD 40.00 Employee Benefit, DIP Checks 3/10/2005 25095 LABCORP OF AMERICAN 90.96 Employee Benefit, DIP Checks 3/10/2005 25096 MEADOWCREST HOSPITAL 1,277.69 Employee Benefit, DIP Checks 3/10/2005 25097 WAYBURN J. HEBERT 275.50 Employee Benefit, DIP Checks 3/10/2005 25098 STPH DBA FAMILY MEDICAL 230.01 Employee Benefit, DIP Checks 3/10/2005 25099 ATHENA DIAGNOSTICS 1,068.61 Employee Benefit, DIP Checks 3/10/2005 25100 STEVEN E. LEE 144.00 Employee Benefit, DIP Checks 3/10/2005 25101 DANIEL S. SINCLAIR 362.07 Employee Benefit, DIP Checks 3/10/2005 25102 ANESTHESIA GROUP OF HATTIESBURG 567.00 Employee Benefit, DIP Checks 3/10/2005 25103 LINDY BOGGS MEDICAL CENTER 168.52 Employee Benefit, DIP Checks 3/10/2005 25104 HWAI JER TSAI 144.00 Employee Benefit, DIP Checks 3/10/2005 25105 KIRSTEN A. LENTSCH 141.97 Employee Benefit, DIP Checks 3/10/2005 25106 HEART & VASCULAR CLINIC 574.81 Employee Benefit, DIP Checks 3/10/2005 25107 THOMASVILLE INFIRMARY 431.94 Employee Benefit, DIP Checks 3/10/2005 25108 ACADIANA ORAL & FACIAL SURGERY 399.55 Employee Benefit, DIP Checks 3/10/2005 25109 NNA HOUMA & BAYOU AREA 20,618.18 Employee Benefit, DIP Checks 3/10/2005 25110 ROSEWOOD ENT LLP 88.92 Employee Benefit, DIP Checks 3/10/2005 25111 BRAZOS ANESTHESOLOGY ASSOC. 92.70 Employee Benefit, DIP Checks 3/10/2005 25112 LOUISIANA HEART HOSPITAL 10,616.35 Employee Benefit, DIP Checks 3/10/2005 25113 EMERGENCY GRP OF C. 400.40 Employee Benefit, DIP Checks 3/10/2005 25114 JOHN A. VANOSTENBRIDGE, MD 36.00 Employee Benefit, DIP Checks 3/15/2005 25115 ASSOCIATED PATHOLOGIST LABS 154.14 Employee Benefit, DIP Checks 3/15/2005 25116 BAPTIST HOSPITAL, INC 2,131.15 Employee Benefit, DIP Checks 3/15/2005 25117 BARNARD FAMILY HEALTH CENTER, PA 69.91 Employee Benefit, DIP Checks 3/15/2005 25118 BONE & JPINT CLINIC, INC 83.53 Employee Benefit, DIP Checks 3/15/2005 25119 BRUNO U. K. STEINER REHAB CLINC 400.05 Employee Benefit, DIP Checks 3/15/2005 25120 CARDIOVASC INST OF THE SOUTH 2,538.50 Employee Benefit, DIP Checks 3/15/2005 25121 CHIROPRACTIC CLINIC OF GRETNA 140.85 Employee Benefit, DIP Checks 3/15/2005 25122 COASTAL UROLOGY CENTER, PLLC 33.00 Employee Benefit, DIP Checks 3/15/2005 25123 DAIRY ASHFORD FAMILY PRACTICE 364.00 Employee Benefit, DIP Checks 3/15/2005 25124 DRS HAYDEL, HAYDEL & SPENCER 36.25 Employee Benefit, DIP Checks 3/15/2005 25125 GULF WOUTH EYE ASSOCIATES 32.54 Employee Benefit, DIP Checks 3/15/2005 25126 CARDIOVASC INST OF 35.25 Employee Benefit, DIP Checks 3/15/2005 25127 FIROOZ JALILI, MD 156.51 Employee Benefit, DIP Checks 3/15/2005 25128 HDS DOCTORS SAME DAY SURGERY 4,918.99 Employee Benefit, DIP Checks 3/15/2005 25129 SOUTHERN EYE INSTITUTE 47.50 Employee Benefit, DIP Checks 3/15/2005 25130 HOUMA FAMILY PRACTICE CLINIC 36.00 Employee Benefit, DIP Checks 3/15/2005 25131 HOUSTON CARDIAC CLINIC PA 4,629.00 Employee Benefit, DIP Checks 3/15/2005 25132 HSE MEDICAL ASSOCIATES 81.07 Employee Benefit, DIP Checks 3/15/2005 25133 INTERNAL MEDICINE CLINIC HOUMA 35.22 Employee Benefit, DIP Checks 3/15/2005 25134 K. T. WOMEN'S CARE CLINIC 117.72 Employee Benefit, DIP Checks 3/15/2005 25135 LABCORP OF AMERICA HOLDINGS 106.12 Employee Benefit, DIP Checks 3/15/2005 25136 LABCORP OF AMERICA HOLDINGS 31.70 Employee Benefit, DIP Checks 3/15/2005 25137 LEONARD CHABERT MEDICAL CNTR 18.63 Employee Benefit, DIP Checks 3/15/2005 25138 MAYNARD E. GARRETT, M.D. 153.68 Employee Benefit, DIP Checks 3/15/2005 25139 MEMORIAL HERMANN HOSPITAL SYST 16,285.42 Employee Benefit, DIP Checks 3/15/2005 25140 MICHAEL H. VANDERLICK, MD 42.31 Employee Benefit, DIP Checks 3/15/2005 25141 QUEST DIAGNOSTICS 84.66 Employee Benefit, DIP Checks 3/15/2005 25142 OCHSNER FOUNDATION HOSPITAL 892.08 Employee Benefit, DIP Checks 3/15/2005 25143 PARISH ANESTHESIA ASSOC. LTD 514.08 Employee Benefit, DIP Checks 3/15/2005 25144 PATHOLOGY CONSULTANTS LLC 46.09 Employee Benefit, DIP Checks 3/15/2005 25145 PEDIATRIC CLINIC WESTBANK 40.06 Employee Benefit, DIP Checks
FORM 2-D CASH RECEIPTS AND DISBURSEMENTS STATEMENT CASE NAMES: Torch Offshore, Inc. (05-10137) FOR PERIOD: 3/1/2005 to 3/31/2005 CASH DISBURSEMENTS JOURNAL
Date Check No. Payee Amount Description (Source) --------- --------- ---------------------------------- --------- ------------------------------------- 3/15/2005 25146 QUINTIN O. LAW, M.D. 104.00 Employee Benefit, DIP Checks 3/15/2005 25147 RADIOLOGY WEST, LLP 36.90 Employee Benefit, DIP Checks 3/15/2005 25148 ROBERT V. CAZAYOUX JR, M.D. 717.00 Employee Benefit, DIP Checks 3/15/2005 25149 ROBERTO C. MENDIOZA, M.D. 26.62 Employee Benefit, DIP Checks 3/15/2005 25150 RUSSELL OB/GYN CENTR FOR WOMEN 104.00 Employee Benefit, DIP Checks 3/15/2005 25151 SOFFY BOTERO, M.D. 127.00 Employee Benefit, DIP Checks 3/15/2005 25152 SOUTH LOUISIANA MEDICAL ASSOC. 32.66 Employee Benefit, DIP Checks 3/15/2005 25153 SOUTHEAST NEUROSCIENCE CENTER 382.60 Employee Benefit, DIP Checks 3/15/2005 25154 SPRINGHILL MEMORIAL HOSPITAL 50.62 Employee Benefit, DIP Checks 3/15/2005 25155 STRAWFORD H. DEES III, MD 23.00 Employee Benefit, DIP Checks 3/15/2005 25156 TERREBONNE GENERAL MEDICAL CENTE 601.12 Employee Benefit, DIP Checks 3/15/2005 25157 TGMC PROFESSIONAL SERVICES 116.76 Employee Benefit, DIP Checks 3/15/2005 25158 THE GASTROENTEROLOGY CENTER 122.50 Employee Benefit, DIP Checks 3/15/2005 25159 THE ORTHOPEDAEDIC GROUP 327.60 Employee Benefit, DIP Checks 3/15/2005 25160 THIBODAUX REGIONAL MEDICAL CENTER 2,035.71 Employee Benefit, DIP Checks 3/15/2005 25161 THIBODAUX REGL NETWRK DEV CORP 1,044.72 Employee Benefit, DIP Checks 3/15/2005 25162 OCHSNER CLINIC 560.26 Employee Benefit, DIP Checks 3/15/2005 25163 UMC HEALHCARE NETWORK 71.01 Employee Benefit, DIP Checks 3/15/2005 25164 WEST JEFFERSON MEDICAL CENTER 500.00 Employee Benefit, DIP Checks 3/15/2005 25165 WEST JEFFERSON SURGERY CENTER 12,927.14 Employee Benefit, DIP Checks 3/15/2005 25166 WESTSIDE DERMATOLOGY ASSC PM 53.24 Employee Benefit, DIP Checks 3/15/2005 25167 WILLIAM H. ST MARTIN, M.D. 104.50 Employee Benefit, DIP Checks 3/15/2005 25168 BAYOU PEDIATRIC ASSOCIATES 40.00 Employee Benefit, DIP Checks 3/15/2005 25169 THE UROLOGIC INSTITUTE OF NEW ORLE 88.93 Employee Benefit, DIP Checks 3/15/2005 25170 JAMES EASON, MD 282.33 Employee Benefit, DIP Checks 3/15/2005 25171 MICHAEL J. ALLINE, MD 52.78 Employee Benefit, DIP Checks 3/15/2005 25172 SARAT K. DONEPUDI, MD 518.85 Employee Benefit, DIP Checks 3/15/2005 25173 LOUIS W. LEVIN, MD 385.56 Employee Benefit, DIP Checks 3/15/2005 25174 SAID MINOKADEH, MD 257.04 Employee Benefit, DIP Checks 3/15/2005 25175 REUBEN CHRESTMAN, MD 55.08 Employee Benefit, DIP Checks 3/15/2005 25176 ASHWIN K. SHETTY, MD 17.59 Employee Benefit, DIP Checks 3/15/2005 25177 MASAKO WAKABAYASHI, MD 17.59 Employee Benefit, DIP Checks 3/15/2005 25178 E. MARIE MENDENHALL, MD 2,440.15 Employee Benefit, DIP Checks 3/15/2005 25179 JONATHAN R. JANG, MD 104.00 Employee Benefit, DIP Checks 3/15/2005 25180 ADRIAN P. LANDRY, MD 168.88 Employee Benefit, DIP Checks 3/15/2005 25181 LAB CORP OF AMERICAN 25.11 Employee Benefit, DIP Checks 3/15/2005 25182 STPH DBA FAMILY MEDICAL 79.80 Employee Benefit, DIP Checks 3/15/2005 25183 GRETNA EMERGENCY GRP LLC 328.86 Employee Benefit, DIP Checks 3/15/2005 25184 ARUNAVATHI T. SANGISETTY 27.00 Employee Benefit, DIP Checks 3/15/2005 25185 JOHN B. SAER 416.50 Employee Benefit, DIP Checks 3/15/2005 25186 E. C. MCCOMISKEY 267.69 Employee Benefit, DIP Checks 3/15/2005 25187 SCRIPT CARE, INC 12,758.57 Employee Benefit, DIP Checks 3/17/2005 25188 BRUNO U. K. STEINER REHAB CLINC 132.30 Employee Benefit, DIP Checks 3/17/2005 25189 COTTON D. FERAY, MD 104.83 Employee Benefit, DIP Checks 3/17/2005 25190 DIANE ROSS, MD 45.00 Employee Benefit, DIP Checks 3/17/2005 25191 DRS HAYDEL, HAYDEL & SPENCER 113.15 Employee Benefit, DIP Checks 3/17/2005 25192 FAMILY DOCTOR CLINIC 22.00 Employee Benefit, DIP Checks 3/17/2005 25193 CARDIOVASC INST OF 348.17 Employee Benefit, DIP Checks 3/17/2005 25194 GREATER HOUSTON ANESTHESIOLOGY 1,435.50 Employee Benefit, DIP Checks 3/17/2005 25195 HAND SURGICAL ASSOCIATES, LTD 775.01 Employee Benefit, DIP Checks 3/17/2005 25196 HEART & VASCULAR CLINIC 569.15 Employee Benefit, DIP Checks 3/17/2005 25197 IMG HEALTHCARE, LLC 30.04 Employee Benefit, DIP Checks 3/17/2005 25198 HSE MEDICAL ASSOCIATES 62.58 Employee Benefit, DIP Checks 3/17/2005 25199 HOUMA RADIOLOGY 140.00 Employee Benefit, DIP Checks 3/17/2005 25200 JEFFERSON ORTHOPEDIC CLINIC 79.94 Employee Benefit, DIP Checks 3/17/2005 25201 JOHN T. MANNING, MD 1,615.00 Employee Benefit, DIP Checks 3/17/2005 25203 LAKEVIEW REGNL MEDICAL CENTER 250.00 Employee Benefit, DIP Checks 3/17/2005 25204 MARCENE F. KREIFELS, MD 54.65 Employee Benefit, DIP Checks 3/17/2005 25205 NORTH OKALOOSA MEDICAL CENTER 4,698.95 Employee Benefit, DIP Checks 3/17/2005 25206 NORTHLAKE GASTROENTEROLOGY 1,529.98 Employee Benefit, DIP Checks 3/17/2005 25207 NORTHLAKE RADIOLOGY CONS APMC 23.20 Employee Benefit, DIP Checks 3/17/2005 25208 OMEGA HOSPITAL, LLC 500.00 Employee Benefit, DIP Checks 3/17/2005 25209 PARISH ANESTHESIA ASSOC. LTD 126.72 Employee Benefit, DIP Checks 3/17/2005 25210 PHYSICIAN REFERRAL SERVICE 683.52 Employee Benefit, DIP Checks 3/17/2005 25211 PULMONARY HOMECARE, LLC 107.05 Employee Benefit, DIP Checks 3/17/2005 25212 SEARCY MEIDCAL CENTER 239.90 Employee Benefit, DIP Checks 3/17/2005 25213 SLIDELL MEMORIAL HOSPITAL 413.97 Employee Benefit, DIP Checks 3/17/2005 25214 SMART DOCUMENT SOLUTIONS, LLC 27.28 Employee Benefit, DIP Checks 3/17/2005 25215 ST ANNE MEDICAL GROUP 224.00 Employee Benefit, DIP Checks 3/17/2005 25216 STEPHEN D. GOODWIN, MD 556.64 Employee Benefit, DIP Checks 3/17/2005 25217 TECHE REGIONAL MEDICAL CENTER 664.13 Employee Benefit, DIP Checks 3/17/2005 25218 TERREBONNE GENERAL MEDICAL CENTE 9,115.38 Employee Benefit, DIP Checks 3/17/2005 25219 TERREBONNE GENERAL HOSPITALCAR 409.84 Employee Benefit, DIP Checks 3/17/2005 25220 TGMC PROFESSIONAL SERVICES 630.00 Employee Benefit, DIP Checks 3/17/2005 25221 TGMC PROFESSIONAL SERVICES 16.03 Employee Benefit, DIP Checks
FORM 2-D CASH RECEIPTS AND DISBURSEMENTS STATEMENT CASE NAMES: Torch Offshore, Inc. (05-10137) FOR PERIOD: 3/1/2005 to 3/31/2005 CASH DISBURSEMENTS JOURNAL
Date Check No. Payee Amount Description (Source) --------- --------- ----------------------------------- ---------- ------------------------------------- 3/17/2005 25222 THIBODAUX REGL NETWRK DEV CORP 20.88 Employee Benefit, DIP Checks 3/17/2005 25223 UMC HEALHCARE NETWORK 72.98 Employee Benefit, DIP Checks 3/17/2005 25224 WEST FLORIDA MEDICAL CENTER CLN, PA 39.20 Employee Benefit, DIP Checks 3/17/2005 25225 WEST JEFFERSON MEDICAL CENTER 371.16 Employee Benefit, DIP Checks 3/17/2005 25226 WILSON & SANDERS, INC 587.50 Employee Benefit, DIP Checks 3/17/2005 25227 BAYOU PEDIATRIC ASSOCIATES 197.75 Employee Benefit, DIP Checks 3/17/2005 25228 CHILDRENS HOSPITAL 255.50 Employee Benefit, DIP Checks 3/17/2005 25229 ALBERT TOTINA, MD 64.00 Employee Benefit, DIP Checks 3/17/2005 25230 DOROTHY H. BANISH, MD 219.71 Employee Benefit, DIP Checks 3/17/2005 25231 GABRIEL P. LASALA, MD 12.60 Employee Benefit, DIP Checks 3/17/2005 25232 MEADOWCREST HOSPITAL 20,399.23 Employee Benefit, DIP Checks 3/17/2005 25233 GRETNA EMERGENCY GRP LLC 319.93 Employee Benefit, DIP Checks 3/17/2005 25234 NNA HOUMA & BAYOU AREA 73,837.45 Employee Benefit, DIP Checks 3/17/2005 25235 EMERGENCY GRP OF C. 28.00 Employee Benefit, DIP Checks 3/17/2005 25236 SOURCECORP 17.63 Employee Benefit, DIP Checks 3/17/2005 25237 SCRIPT CARE, INC 17,574.38 Employee Benefit, DIP Checks 3/21/2005 25238 ANGELA S. DUTHU, M.D. 24.40 Employee Benefit, DIP Checks 3/21/2005 25239 BAKER MEDICAL CORPORATION, LTD 104.31 Employee Benefit, DIP Checks 3/21/2005 25240 C. P. DEVIDOSS, M.D. 26.62 Employee Benefit, DIP Checks 3/21/2005 25241 CHILDREN'S CLINIC OF SW LA INC 15.44 Employee Benefit, DIP Checks 3/21/2005 25242 OCHSNER CLINIC 19.45 Employee Benefit, DIP Checks 3/21/2005 25243 CRESCENT CITY PHYSICIANS 173.13 Employee Benefit, DIP Checks 3/21/2005 25244 DIAGNOSTIC IMAGING SERVICE 174.40 Employee Benefit, DIP Checks 3/21/2005 25245 LAKE CHARLES MED/SURGICAL CLINIC 108.00 Employee Benefit, DIP Checks 3/21/2005 25246 FAMILY DOCTOR CLINIC 30.10 Employee Benefit, DIP Checks 3/21/2005 25247 HAND SURGICL ASSOCIATES, LTD 1,134.01 Employee Benefit, DIP Checks 3/21/2005 25248 HATTIESBURG CLINIC ASC 112.00 Employee Benefit, DIP Checks 3/21/2005 25249 HECTOR UBALDO, MD 106.00 Employee Benefit, DIP Checks 3/21/2005 25250 HSE MEDICAL ASSOCIATES 368.52 Employee Benefit, DIP Checks 3/21/2005 25251 LABCORP OF AMERICA 30.75 Employee Benefit, DIP Checks 3/21/2005 25252 LANE MEMORIAL HOSPITAL 132.98 Employee Benefit, DIP Checks 3/21/2005 25253 MASON PARK MEDICAL CLINIC 52.36 Employee Benefit, DIP Checks 3/21/2005 25254 PHYSICIANS REFERRAL SERVICE 218.79 Employee Benefit, DIP Checks 3/21/2005 25255 QUEST DIAGNOSTICS 32.57 Employee Benefit, DIP Checks 3/21/2005 25256 OCHSNER FOUNDATION HOSPITAL 3,357.54 Employee Benefit, DIP Checks 3/21/2005 25257 OMEGA HOSPITAL, LLC 56.00 Employee Benefit, DIP Checks 3/21/2005 25258 OUR LADY OF THE LAKE ASCENSION 128.27 Employee Benefit, DIP Checks 3/21/2005 25259 QUEST DIAGNOSTICS 13.00 Employee Benefit, DIP Checks 3/21/2005 25260 RAUL R. DIAZ, M.D. 26.62 Employee Benefit, DIP Checks 3/21/2005 25261 SACRED HEART HOSPITAL OP COMM 92.69 Employee Benefit, DIP Checks 3/21/2005 25262 SADLER CLINIC ASSOC. 98.40 Employee Benefit, DIP Checks 3/21/2005 25263 ST AMRY EMERGENCY GROUP LLC 159.66 Employee Benefit, DIP Checks 3/21/2005 25264 SW OBGYN ASSOC. 145.00 Employee Benefit, DIP Checks 3/21/2005 25265 THOMAS P. MELANCON, M.D. 26.62 Employee Benefit, DIP Checks 3/21/2005 25266 OCHSNER CLINIC 81.24 Employee Benefit, DIP Checks 3/21/2005 25267 WASHINGTON ST TAMMANY REGL MC 502.63 Employee Benefit, DIP Checks 3/21/2005 25268 WHITE COUNTY EMERGENCY PHYS 5,604.84 Employee Benefit, DIP Checks 3/21/2005 25269 WILLIAM H. ST MARTIN, M.D. 118.40 Employee Benefit, DIP Checks 3/21/2005 25270 BAYOU PEDIATRIC ASSOCIATES 163.35 Employee Benefit, DIP Checks 3/21/2005 25271 OCHSNER CLINIC 49.22 Employee Benefit, DIP Checks 3/21/2005 25272 JOHN H. COUNCE, MD 98.77 Employee Benefit, DIP Checks 3/21/2005 25273 MATTHEW BEYER, MD 58.25 Employee Benefit, DIP Checks 3/21/2005 25274 MASAKO WAKABAYASHI, MD 52.70 Employee Benefit, DIP Checks 3/21/2005 25275 E. MARIE MENDENHALL, MD 392.25 Employee Benefit, DIP Checks 3/21/2005 25276 EMERALD COAST DERMAT 24.00 Employee Benefit, DIP Checks 3/21/2005 25277 S. M. A. S. C. 64.58 Employee Benefit, DIP Checks 3/21/2005 25278 THOMASVILLE INFIRMARY 90.36 Employee Benefit, DIP Checks 3/21/2005 25279 ROSEWOOD ENT LLP 23.04 Employee Benefit, DIP Checks 3/21/2005 25280 LA CLINICA DEL VALLE 61.90 Employee Benefit, DIP Checks 3/21/2005 25281 TED D. CHUNG, MD 140.20 Employee Benefit, DIP Checks 3/21/2005 25282 G. B. COKER, MD 24.00 Employee Benefit, DIP Checks 3/22/2005 25283 VOISIN, PRIMO P. 1,743.66 Employee Benefit, DIP Checks 3/22/2005 25284 CARDIOVASC INST OF 22.50 Employee Benefit, DIP Checks 3/22/2005 25285 KSF ORTHOPAEDIC CENTER, PA 20.00 Employee Benefit, DIP Checks 3/22/2005 25286 LABCORP OF AMERICA 312.00 Employee Benefit, DIP Checks 3/22/2005 25287 LAKESIDE WOMAN'S SPECIALTY CENTER 213.48 Employee Benefit, DIP Checks 3/22/2005 25288 QUEST DIAGNOSTICS 28.00 Employee Benefit, DIP Checks 3/22/2005 25289 PULMONARY HOMECARE, LLC 13.37 Employee Benefit, DIP Checks 3/22/2005 25290 SPRINGHILL MEMORIAL HOSPITAL 50.62 Employee Benefit, DIP Checks 3/22/2005 25291 ST ANNE GENERAL OB/GYN CLINIC 32.66 Employee Benefit, DIP Checks 3/22/2005 25292 PANHANDLE EMERGENCY PHYSICIANS 137.00 Employee Benefit, DIP Checks 3/30/2005 n/a Regions Morgan 401K Ret. Plan 16,472.30 401K Retirement Plan 3/28/2005 n/a Stateof Louisiana 15,208.00 Payroll Taxes 3/22/2005 n/a IRS 186,226.34 Payroll Taxes 3/1/2005 n/a Stateof Louisiana 14,613.00 Payroll Taxes
FORM 2-D CASH RECEIPTS AND DISBURSEMENTS STATEMENT CASE NAMES: Torch Offshore, Inc. (05-10137) FOR PERIOD: 3/1/2005 to 3/31/2005 CASH DISBURSEMENTS JOURNAL
Date Check No. Payee Amount Description (Source) --------- --------- ---------------------------------- ------------ ------------------------------------- 3/7/2005 n/a IRS 204,519.20 Payroll Taxes 3/11/2005 n/a Stateof Louisiana 16,045.00 Payroll Taxes 3/11/2005 n/a Regions Morgan 401K Ret. Plan 19,749.93 401K Retirement Plan 3/30/2005 Various Torch Employees - Direct Deposits 403,855.90 Torch Payroll Checks via DD 3/16/2005 Various Torch Employees - Direct Deposits 410,299.53 Torch Payroll Checks via DD 3/4/2005 2 Torch Employee 2,956.50 Torch Payroll Check 3/4/2005 3 Torch Employee 341.27 Torch Payroll Check 3/4/2005 4 Torch Employee 2,201.41 Torch Payroll Check 3/4/2005 5 Torch Employee 2,450.63 Torch Payroll Check 3/4/2005 6 Torch Employee 2,819.67 Torch Payroll Check 3/4/2005 7 Torch Employee 1,815.88 Torch Payroll Check 3/4/2005 8 Torch Employee 810.22 Torch Payroll Check 3/4/2005 9 Torch Employee 1,813.92 Torch Payroll Check 3/4/2005 10 Torch Employee 148.95 Torch Payroll Check 3/4/2005 11 Torch Employee 1,544.28 Torch Payroll Check 3/4/2005 12 Torch Employee 904.48 Torch Payroll Check 3/4/2005 13 Torch Employee 2,446.69 Torch Payroll Check 3/4/2005 14 Torch Employee 1,338.70 Torch Payroll Check 3/4/2005 15 Torch Employee 1,878.34 Torch Payroll Check 3/4/2005 16 Torch Employee 1,475.60 Torch Payroll Check 3/4/2005 17 Torch Employee 542.50 Torch Payroll Check 3/4/2005 18 Torch Employee 515.05 Torch Payroll Check 3/4/2005 19 Torch Employee 2,554.11 Torch Payroll Check 3/4/2005 20 Torch Employee 789.74 Torch Payroll Check 3/4/2005 21 Torch Employee 719.91 Torch Payroll Check 3/4/2005 22 Torch Employee 69.65 Torch Payroll Check 3/4/2005 23 Torch Employee 652.00 Torch Payroll Check 3/4/2005 24 Torch Employee 1,298.40 Torch Payroll Check 3/4/2005 25 Torch Employee 1,019.44 Torch Payroll Check 3/18/2005 28 Torch Employee 3,417.22 Torch Payroll Check 3/18/2005 29 Torch Employee 1,140.50 Torch Payroll Check 3/18/2005 30 Torch Employee 2,484.02 Torch Payroll Check 3/18/2005 31 Torch Employee 2,745.15 Torch Payroll Check 3/18/2005 32 Torch Employee 2,183.68 Torch Payroll Check 3/18/2005 33 Torch Employee 2,078.48 Torch Payroll Check 3/18/2005 34 Torch Employee 2,084.19 Torch Payroll Check 3/18/2005 35 Torch Employee 464.64 Torch Payroll Check 3/18/2005 36 Torch Employee 709.72 Torch Payroll Check 3/18/2005 37 Torch Employee 1,147.85 Torch Payroll Check 3/18/2005 38 Torch Employee 244.53 Torch Payroll Check 3/18/2005 39 Torch Employee 1,434.51 Torch Payroll Check 3/18/2005 40 Torch Employee 618.49 Torch Payroll Check 3/18/2005 41 Torch Employee 2,518.40 Torch Payroll Check 3/18/2005 42 Torch Employee 1,656.08 Torch Payroll Check 3/18/2005 43 Torch Employee 1,138.74 Torch Payroll Check 3/18/2005 44 Torch Employee 395.14 Torch Payroll Check 3/18/2005 45 Torch Employee 1,252.15 Torch Payroll Check 3/18/2005 46 Torch Employee 2,584.13 Torch Payroll Check 3/18/2005 47 Torch Employee 1,491.71 Torch Payroll Check 3/18/2005 48 Torch Employee 875.53 Torch Payroll Check 3/18/2005 49 Torch Employee 454.84 Torch Payroll Check 3/22/2005 51 Torch Employee 1,860.53 Torch Payroll Check 3/22/2005 52 Torch Employee 1,491.39 Torch Payroll Check 3/22/2005 53 Torch Employee 1,929.92 Torch Payroll Check 3/22/2005 54 Torch Employee 1,454.51 Torch Payroll Check 3/31/2005 n/a n/a 3,044.95 Employee Benefit - Adjustment ------------ Total Cash Disbursements 2,104,208.16 ============
FORM 2-D SUPORTING SCHEDULES CASE NAMES: Torch Offshore, Inc. (05-10137) FOR PERIOD: 3/1/2005 to 3/31/2005 POST-PETITION ACCOUNTS PAYABLE AGING REPORT
Type 0-30 31-60 61-90 Over 90 -------------------------------------------------------- --------- -------- ----- ------- Vendor 003 / A R T CATERING, INC Type: CATERI 2,874.54 - - - Vendor 028 / BAY TECH EQUIP. RENTALS, INC. Type: RENTAL 16,080.00 - - - Vendor 045 / NEFF RENTAL 2,400.00 - - - Vendor 046 / BUD'S BOAT RENTAL, INC 20,042.89 - - - Vendor 083 / DIVERS SUPPLY, INC 3,923.22 - - - Vendor 100 / EXPLORATION SUPPLIES 1,178.60 - - - Vendor 115 / GENERAL MILLS 3,054.30 - - - Vendor 120 / GRAND RENTAL 3,428.75 - - - Vendor 122 / GREENE'S ENERGY GROUP LLC Type: RENTAL 4,105.00 - - - Vendor 133 / HERCULES WIRE & ROPE 359.80 - - - Vendor 158 / JO-DE EQUIPMENT RENTAL CO 2,061.03 - - - Vendor 162 / KEVIN GROS CONSULTING & MARINE 2,400.00 - - - Vendor 177 / M/D TOTCO INSTRUMENTATION 4,896.00 - - - Vendor 185 / MARRERO REPRODUCTION & SUPPLY 47.00 - - - Vendor 186 / NES EQUIPMENT RENTAL LP Type: PUMPS 19,489.95 - - - Vendor 187 / MCMASTER CARR SUPPLY CO. 367.12 - - - Vendor 195 / MORGAN CITY RENTALS 13,040.00 - - - Vendor 256 / SOUTHLAND STEEL & SUPPLY 2,943.65 - - - Vendor 260 / SUBMAR, INC. 1,050.00 - - - Vendor 265 / TECH OIL PRODUCTS 810.00 - - - Vendor 409 / DUCOTE ENGINEERING ASSOCIATES 1,123.40 - - - Vendor 416 / HARVEY JONES VESSEL AGENTS 5,839.84 - - - Vendor 438 / WELCH EQUIPMENT RENTALS 364.00 - - - Vendor 661 / DELTA WAVE COMMUNICATIONS, INC 1,663.90 - - - Vendor 668 / FUGRO CHANCE, INC - 3,165.00 - - Vendor 766 / PACKARD TRUCK LINES, INC. 774.90 - - - Vendor 873 / HOPE SERVICES, INC. 3,540.00 - - - Vendor 903 / ALLIED BEARING AND SUPPLY, INC 886.00 - - - Vendor 907 / DOUSSAN 2,256.70 - - - Vendor 909 / INDUSTRIAL AND MARINE EQUIPMEN 3,316.81 - - - Vendor 950 / C.E.D., INC 2,459.30 - - - Vendor 968 / PUMP EQUIPMENT, INC. 2,377.75 - - - Vendor 1065 / SAM BROUSSARD TRUCKING CO. 4,989.53 - - - Vendor 1096 / ZEE SERVICE CO. 607.68 - - - Vendor 1152 / SHIPYARD SUPPLY 8,200.00 - - - Vendor 1171 / MAINTECH MAINTENANCE SERVICES, 1,020.00 - - - Vendor 1245 / LAWSON AND CO., INC. 2,404.10 - - - Vendor 1261 / ARMAC INDUSTRIES, INC. 10,405.00 - - - Vendor 1364 / B & B PUMP & EQUIPMENT RENTALS 4,320.00 - - - Vendor 1431 / PACIFIC GULF WIRE ROPE, INC. 1,047.60 - - - Vendor 1589 / LOUISIANA CEMENT PRODUCTS, INC 2,397.86 - - - Vendor 1711 / SUPERIOR DIVING CO., INC 30,332.00 - - - Vendor 1826 / AIRDYNE 1,723.20 - - - Vendor 2152 / SONSUB Type: RENTAL 54,000.00 - - - Vendor 2253 / BAY TECH INDUSTRIES, INC. 265.10 - - - Vendor 2317 / GATOR EQUIPMENT RENTALS LLC Type: HILTI 1,530.00 - - - Vendor 2427 / STRATOS OFFSHORE SERVICE Type: PHONE 23,555.83 1,072.50 - - Vendor 2603 / SEATRONICS, INC Type: RENTAL 23,440.00 - - - Vendor 2692 / VENTURE TRANSPORT LOGISTICS Type: TRUCK 1,652.64 - - - Vendor 2697 / WHITCO SUPPLY CO Type: FLANGE 24,119.45 - - - Vendor 2726 / BAYOU BLACK ELECTRIC, LLC Type: ELECT 469.00 - - - Vendor 2873 / LGH-MAXIBAR Type: LIFTEN 3,913.00 - - - Vendor 2879 / C-PORT, L.L.C. Type: DOCK 1,850.00 - - - Vendor 2963 / RC LOGISTICS LLC Type: CHARTE 25,059.00 - - - Vendor 150 / NEWSOUTH COMMUNICATIONS 681.22 - - - Vendor 287 / WHITNEY AVENUE L.L.C. Type: RENT 1,685.04 - - - Vendor 331 / ELTON JOHNO 565.90 - - - Vendor 351 / UNITED PARCEL SERVICE Type: POSTAG 45.09 - - - Vendor 362 / COMMUNITY COFFEE CO., L.L.C. 242.19 - - - Vendor 363 / UNISHIPPERS 504.55 - - - Vendor 389 / PHELPS DUNBAR, L.L.P. Type: LEGAL 2,828.65 - - - Vendor 533 / THE TIMES PICAYUNE 2,229.31 - - - Vendor 609 / WEST JEFFERSON MEDICAL CENTER 10,674.00 - - -
FORM 2-E SUPORTING SCHEDULES CASE NAMES: Torch Offshore, Inc. (05-10137) FOR PERIOD: 3/1/2005 to 3/31/2005 POST-PETITION ACCOUNTS PAYABLE AGING REPORT
Type 0-30 31-60 61-90 Over 90 -------------------------------------------------------- --------- -------- ----- ------- Vendor 617 / SECON 2,192.45 - - - Vendor 621 / CORRERO FISHMAN HAYGOOD 678.01 - - - Vendor 1056 / LUGIBIHL, RODNEY 131.06 - - - Vendor 1107 / DIXIE OFFICE PRODUCTS 2,667.54 - - - Vendor 1146 / PARISH SALES TAX FUND 560.00 - - - Vendor 1165 / JONES- WALKER LAW FIRMS Type: LEGAL 769.70 - - - Vendor 1319 / HAND SURGICAL ASSOCIATES 2,931.81 - - - Vendor 1348 / SNELLING PERSONNEL SERVICES 740.00 - - - Vendor 1359 / AT&T WIRELESS Type: PHONES 136.20 - - - Vendor 1360 / BOARD OF COMMISIONERS OF THE 1,137.10 - - - Vendor 1500 / SAM LIRETTE, SR 196.00 - - - Vendor 1506 / KENTWOOD SPRING WATER 60.81 - - - Vendor 1620 / AMERICAN STOCK TRANSFER 2,000.00 - - - Vendor 1652 / HARRY LEE, SHERIFF & EX-OFFICI Type: TAXES 742.00 - - - Vendor 1656 / SHAREHOLDER.COM 2,199.50 - - - Vendor 1779 / CINGULAR WIRELESS 113.48 - - - Vendor 1863 / LEMLE & KELLEHER LLP 137,306.10 - - - Vendor 1965 / JAMES BROWN Type: EMPLOY 2,500.00 - - - Vendor 2011 / EDWARD HOLLAND Type: EMPLOY 568.72 - - - Vendor 2048 / SUBURBAN EMERGENCY CENTER Type: MEDICA 1,005.00 - - - Vendor 2195 / WEST JEFFERSON BEHAVIORAL MEDI 1,169.73 - - - Vendor 2381 / PATHOLOGY LLC Type: MEDICA 26.25 - - - Vendor 2575 / THIRD PARTY SOLUTIONS Type: W/C 1,075.25 - - - Vendor 2578 / ERNEST DAVID ALLEN III Type: W/C 1,357.07 - - - Vendor 2623 / THOM ANDERSON Type: EMPLOY 717.93 - - - Vendor 2631 / A T & T WIRELESS Type: PHONE 36.17 - - - Vendor 2678 / RESTECH Type: SERVIC 6,287.50 - - - Vendor 2753 / JULIA OSBORN Type: EMPLOY 52.93 - - - Vendor 2776 / THOMSON FINANCIAL CORP. GROUP Type: FINANC - 540.00 (42.00) - Vendor 2813 / HOUR MESSENGER Type: POSTAG 13.50 - - - Vendor 2865 / BT CONFERENCING INC. Type: PHONE 200.67 - - - Vendor 2868 / LARRY REID Type: EMPLOY 492.39 - - - Vendor 2875 / DE LAGE LANDEN FINANCIAL SVCS Type: COPIER 752.39 793.09 - - Vendor 2956 / DAVID REISS, M.D. APMC Type: W/C 5,748.00 - - - Vendor 2976 / SPRINGHILL DIAGNOSTIC Type: W/C 324.00 - - - Vendor 2978 / MILLERMARK CREATIONS, LLC Type: WEB 32.80 - - - Vendor 2981 / EMERALD HEALTHCARE GROUP Type: W/C 361.00 - - - Vendor 2984 / MATTHEW M. MURPHY Type: EMPLOY 193.80 - - - ---------- -------- ------ ------- 553,388.25 5,570.59 (42.00) - ========== ======== ====== =======
FORM 2-E SUPORTING SCHEDULES CASE NAMES: Torch Offshore, Inc. (05-10137) FOR PERIOD: 3/1/2005 to 3/31/2005 ACCOUNTS RECEIVABLE AGING REPORT
Account Name 0-30 31-60 61-90 Over 90 ------------------------------- ---------- ---------- ------------ ---------- ENERGY PARTNERS, LTD - - 1,894,770.00 499,736.17 WILLIAM G. HELLIS 17,772.46 676,704.61 268,333.40 - MAGNUM HUNTER 825,349.21 - - - SONAT - 8,924.37 1,131,379.68 - TARPON OIL - 135,049.64 - - WALTER OIL - - - 53,666.74 Allowance for Doubtful Accounts - - - (53,667.00) ---------- ---------- ------------ ---------- Total Receivables at 3/31/05 843,121.67 820,678.62 3,294,483.08 499,735.91 ========== ========== ============ ==========
FORM 2-E SUPORTING SCHEDULES CASE NAMES: Torch Offshore, Inc. (05-10137) FOR PERIOD: 3/1/2005 to 3/31/2005 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 2/20/06 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, Inc. Case Number: 05-10137 NARRATIVE STATEMENT For Period March 1, 2005 to March 31, 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, Inc. (the "Company") is working on a strategy for its plan of reorganization.