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UNITED STATES BANKRUPTCY COURT
EASTERN DISTRICT OF LOUISIANA
IN RE:
VIRGIN OFFSHORE USA, INC.,
DEBTOR
CASE NO. 11-13028
CHAPTER 11
JUDGE ELIZABETH W. MAGNER
NARRATIVE FOR MONTHLY OPERATING REPORT APRIL 2013
The work done by Trustee and counsel during the month of April 2013 involved,
generally:
1. Address March 20, 2013 BSEE annual inspection meeting items including discussionswith loop operator to prepare responses to INCs.
2. Finalize BOEM bond reduction submittals; prepare documentation and deliver reductionrequests to BOEM.
3. Continued work with Plan Trust and RLI to clarify term sheet items regarding applicationof bond funds, payment of invoices and draw down of escrow accounts; prepare and
revise Term Sheet Stipulation; coordinate execution of stipulation and review of Plan to
incorporate clarifications.4. Continued work with special counsel in D&O litigation to administer document
production.
5.
Address payment of annual inspection fees and cure payment to BOEM.6. Continued addressing numerous administrative issues with operating oil and gas business namely monthly JIBs, lease renewals, insurance coverage, and regulatory issues.
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