10000015436

IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
In re:
PACIFIC ENERGY RESOURCES LTD., etal., i

Debtors.
) ) ) ) )
Chapter 11
Case No. 09-10785(KJC) (Jointly Administered)
NOTICE OF FILING OF COMPENSATION AND STAFFING REPORT BY ZOLFO COOPER MANAGEMENT, LLC FOR THE PERIOD MAY 1.2009 THROUGH MAY 31. 2009
TO:
(i) Office of
the U.S. Trustee; (ii) counsel to the Debtors' pre and post-petition
Unsecured Creditors.
lenders; (iii) counsel to the Offcial Committee of
PLEASE TAKE NOTICE that attached hereto are the report of compensation
earned and expenses incurred and the staffng report for the period May 1, 2009 through May 31,
2009, that Zolfo Cooper Management, LLC ("Zolfo Cooper") is required to submit pursuant to
the Order Approving the Services Agreement between the Debtors, Zolfo Cooper Management,
LLC and Scott W Winn nunc pro tunc to the Petition Date (Docket No. 267).
(Remainder of Page Intentionally Left Blank)
the Debtors' federal tax identification number, are: Pacific Energy Resources Ltd. (3442); Petrocal Acquisition Corp. (6249); Pacific Energy Alaska
i The Debtors in these cases, along with the last four digits of each of
Holdings, LLC (tax I.D. # not available); Cameros Acquisition Corp. (5866); Pacific Energy Alaska Operating LLC (7021); San Pedro Bay Pipeline Company (1234); Cameros Energy, Inc. (9487); and Gotland Oil, Inc. (5463). The
mailng address for all of
the Debtors is 111 W. Ocean Boulevard, Suite 1240, Long Beach, CA 90802.
Dated: July J.1 , 2009
PACHULSKI STANG ZIEHL & JONES LLP
La ra Davi ones (DE a o. 2436)

Ira . Kharasch (CA ar N . 109084)
Scotta E. McFarland (D ar No. 4184, CA Bar No. 165391) Robert M. Saunders (CA Bar No. 226172) James E. O'Neil (DE Bar No. 4042) Kathleen P. Makowski (DE Bar No. 3648) 919 North Market Street, 1 ih Floor P.O. Box 8705 Wilmington, DE 19899-8705
Telephone: 302/652-4100
Facsimile: 310/652-4400
Email: liones~pszilaw.com
ikharasch~pszi law.com
smcfarland~pszilaw.com rsaunders~pszilaw.com ioneil~pszilaw.com

kmakowski~pszi law.com
Counsel for Debtors and Debtors in Possession.

148819
~olfo C:ooper ~anagernent, LLC

101 Eisenhower Parkway, Roseland, New Jersey 07068 (973) 618-5100 Fax (973) 618-9433
May 31, 2009
Mr. Darren Katic
President Pacific Energy Resources, Ltd. 111 W. Ocean Boulevard, Suite 1240 Long Beach, CA 90802
Dear Darren:
Attached is our invoice for management services rendered with respect to Pacific
Energy Resources Ltd. Chapter 11 for the month ended May 31, 2009.
Ifthere are any questions regarding this invoice, please contact Scott Winn at (212) 561-4030 or Mark Cerv at (310) 283-1258.
Respectfully submitted,
z'L Go~ ~ UC
Zolfo Cooper Management, LLC U J
346
Zolfo C:0oper Management, LLC

10 1 Eisenhower Parkway, Roseland, New Jersey 07068 (973) 618-5100 Fax (973) 618-9433
May 31,2009
Mr. Daren Katic President Pacific Energy Resources, Ltd.

III W. Ocean Boulevard, Suite 1240
Long Beach, CA 90802
PLEASE REMIT TO OUR NEW JERSEY OFFICE
KiN. 22-2689479
INOICE NO. 9500135
For management servces rendered with respect to Pacific Energy Resources, Ltd.
Chapter 11 for the month ended May 31,2009.
Professional Pees:
314,653.50
52,993.75
Travel Pees:
Paraprofessional Fees:
787.50
368,434.75
Total Curent Fees:
Expenses:
42,345.49
$
Invoice Total
See Attached Schedules
410,780.24
Wire Transfer Instctions:
Zolfo Cooper Management, LLC

PNC Bank
ABA# 031207607 Acct# 8036595751

Payable Upon Receipt
ZOLFO COOPER MANAGEMENT, LLC AND SCOTT W. WINN

FEE STATEMENT - PACIFIC ENERGY RESOURCES LTD.
FOR THE PERIOD FROM MAY 1, 2009 THROUGH MAY 31, 2009
STAFFING REPORT
Name
.~ ~- ,
ZC Title
Company Title
Status
General Responsibilties
S. Winn
Senior Managing
Chief Restructuring
Part-time
Director
Offcer
Determine the Debtors' strategic direction. Lead negotiations with lenders, creditors and potential
purchasers. Communicate with Company Management, the Board of Directors, and the DIP Lenders about the status of the case. Coordinate
activities among Debtors' professionals.
M. Cervi
Director
Associate Director
Full-time
Coordinate and oversee day-to-day bankruptcy related issues, including the preparation of
Statements of Financial Affairs and Schedules of Assets and Liabilities, reviewing of disbursements,
communication with vendors, and strategic analysis of different asset groups. Also coordinates supplying
responses to information requests from various
creditor constituencies and potential investors and acquirers of assets of the Estate.
K. Tomossonie
Manager
Associate Director
Full-time
Assist in the revision of the schedules to the
Statements of Financial Affairs, production of Monthly Operating Reports. Work with the Company in
producing the initial preference analysis. Also,
prepare various financial analyses quantifying the

effect of pursuing different strategic alternatives
related to the Alaska assets.
J. DelConte
Associate
Associate Director
Full-time
Manage Company disbursements and track actual spending against DIP budget spending. Amend and adjust the DIP budget as necessary. Prepare weekly
reports to be distributed to the DIP Lenders as
required in the DIP agreement. Assist the Company in
developing a new long term budget and analyzing the differences between this budget and the reserve
report. Create low balance test for relief from stay
proceedings.
Executive Officer
1 of
44

FOR THE PERIOD FROM MAY 1, 2009 THROUGH MAY 31,2009
SUMMARY OF SERVICES BY PROFESSIONAL

HOURLY BILLING
TOTAL TOTAL
NAME
POSITION
RATE
HOURS
COMPENSATION
$
Scott W. Winn
Senior Managing Director
785.00 392.50
101.
55.5
1.8
Non-Working Travel
Elizabeth S. Kardos
General Counsel
79,520.50 21,783.75
765.00
Non-Working Travel
Mark A. Cervi
425.00 212.50 525.00 262.50 450.00 225.00 395.00 197.50
Director
140.4
73,710.00
Non-Working Travel
Kevin S. Tomossonie
Manager
193.4
72.0
Non-Working Travel
87,030.00 16,200,00 73,628,00 15,010,00

$
Jesse C. DelConte
Non-Working Travel
Associate
186.4 76.0
826.8
367,647.25
2 of 44

FEE STATEMENT - PACIFIC ENERGY RESOURCES LTD. FOR THE PERIOD FROM MAY 1, 2009 THROUGH MAY 31,2009
SUMMARY OF SERVICES BY PARA-PROFESSIONAL
HOURLY BILLING
TOTAL
TOTAL
NAME
POSITION
RATE
HOURS
COMPENSATION
Laurie Capen-Verry
Para-professional
225.00
112.50
3.5
787.50
Non-Working Travel
3.5
787.50
3 of 44
ZOLFO COOPER MANAGEMENT, LLC AND SCOTT W. WINN FEE STATEMENT - PACIFIC ENERGY RESOURCES LTD.
SUMMARY OF EXPENSES AND OTHER CHARGES
Category
Travel & Lodging Meals
$
Total
Telephone
Postage & Courier
Photocopies
$
38,470.70 2,784.07 1,073.82 15.30 1.60
42,345.49
4 of 44

SUMMARY OF SERVICES BY BILLNG MATTER

TOTAL
BILLING MATTER
HOURS
COMPENSATION
$
Accounting / Auditing
Asset Analysis and Recovery
40.7 20.5
54.2
Asset Disposition
Business Analysis
161.0
66.1 78.3
2.1
Business Operations
Case Administration
Claims Administration and Objections
Data Analysis
61.6 32.2 27.2 47.7 18.2

10.9
3.3
Employee Benefits / Pensions Fee / Employment Applications Financing

Plan and Disclosure Statement
Relief from Stay Proceedings

Tax Issues
Non-Working Travel
203.5
2.8
18,352.50 11,025.50 38,062.00 71,713.00 31,349.00 44,837.50 1,648.50 27,825.00 18,099.50 11,941.00 20,989.50 11,999.00 4,526.50 1,875.50 52,993.75
Valuation
1,197.00
$
830.3
368A34.75
5 of 44

SUMMARY OF EXPENSES BY PROFESSIONAL
Category
Scott Winn Mark Cervi Kevin Tomossonie
Jesse DelConte
$
Total
17,644.21 288.07 13,026.87 11,026.52 359.82
General Expenses
$
42,345.49
6 of 44

EXPENSE ITEMS BY PROFESSIONAL BY DAY
DATE
DESCRIPTION
AMOUNT
Scott Winn
4/29/2009 4/30/2009 4/30/2009 5/1/2009 5/4/2009 5/4/2009 5/4/2009 5/4/2009 5/4/2009 5/5/2009 5/5/2009 5/6/2009 5/6/2009 5/6/2009 5/11/2009 5/12/2009 5/15/2009 5/17/2009 5/17/2009 5/18/2009 5/18/2009 5/18/2009 5/19/2009 5/19/2009 5/19/2009 5/20/2009 5/21/2009 5/22/2009 5/25/2009 5/25/2009 5/25/2009 5/26/2009 5/26/2009 5/26/2009 5/26/2009 5/26/2009 5/26/2009 5/26/2009 5/27/2009 5/27/2009 5/27/2009 5/28/2009 5/28/2009 5/28/2009 5/28/2009 5/31/2009
Meals - Lunch (1) Meals - Lunch (1) Travel & Lodging Meals - Lunch (1) Ground Transportation
Air Transportation Ground Transportation Hotel Charges Meals - Breakfast (1) Hotel Charges Meals - Dinner (6) Ground Transportation Ground Transportation
Telephone
Meals - Lunch (1) Meals - Lunch (1) Travel & Lodging
Air Transportation Ground Transportation Ground Transportation

Hotel Charges - Hong Kong Meals - Breakfast (1)
Ground Transportation
Hotel Charges - Hong Kong Meals - Breakfast (1)
Ground Transportation Meals - Lunch (1) Travel & Lodging Air Transportation Ground Transportation Ground Transportation Ground Transportation Ground Transportation
Hotel Charges Hotel Charges

Meals - Breakfast (1)
Telephone Telephone Hotel Charges

Meals - Breakfast (1) Meals - Dinner (3) Ground Transportation Ground Transportation Ground Transportation Meals - Lunch (4)
Photocopies
$
12.31 17.40 50.00 5.60 78.18 1,219.20 186.00 250.00 15.00 250.00 266.09 180.00 84.93 94.40 11.43 15.86 60.00 9,918.18 85.61 112.05 445.50 15.00 112.05 445.50 15.00 85.61 11.13 50.00 1,757.30 95.61 50.00 50.00 186.00 250.00 217.42 8.50 143.28 46.35 217.42 8.91 141.20 35.00 180.00 95.61 67.98 1.60
Total Expenses - Scott Winn (May 2009)
17,644.21
7 of 44

DATE
DESCRIPTION
AMOUNT
Mark Cervi
4/27/2009 5/4/2009 5/5/2009 5/6/2009 5/11/2009 5/12/2009 5/13/2009 5/13/2009 5/14/2009 5/15/2009 5/15/2009 5/21/2009 5/22/2009 5/26/2009 5/27/2009 5/28/2009 5/29/2009
Postage & Courier
Travel & Lodging Travel & Lodging Travel & Lodging Travel & Lodging Travel & Lodging Meals - Dinner (3) Travel & Lodging Travel & Lodging Travel & Lodging
Telephone
Travel & Lodging Travel & Lodging Travel & Lodging Travel & Lodging Travel & Lodging Travel & Lodging
$
5.10 9.90 9.90 9.90 9.90 9.90 77.57 9.90 9.90 9.90 66.80 9.90 9.90 9.90 9.90 9.90 9.90
Total Expenses - Mark Cervi (May 2009)
288.07
8 of 44

DATE
DESCRIPTION
AMOUNT
Kevin Tomossonie
4/27/2009 4/30/2009 5/1/2009 5/4/2009 5/4/2009 5/4/2009 5/4/2009 5/4/2009 5/4/2009 5/4/2009 5/4/2009 5/4/2009 5/5/2009 5/5/2009 5/6/2009 5/6/2009 5/6/2009 5/7/2009 5/7/2009 5/7/2009 5/8/2009 5/8/2009 5/11/2009 5/11/2009 5/11/2009 5/11/2009 5/11/2009 5/11/2009 5/11/2009 5/11/2009 5/12/2009 5/12/2009 5/12/2009 5/12/2009 5/13/2009 5/13/2009 5/13/2009 5/14/2009 5/14/2009 5/14/2009 5/15/2009 5/15/2009 5/15/2009 5/15/2009 5/15/2009 5/16/2009 5/18/2009 5/18/2009 5/18/2009
Ground Transportation Ground Transportation Ground Transportation Ground Transportation Air Transportation Ground Transportation Hotel Charges Meals - Breakfast (1) Meals - Dinner (2) Meals - Lunch (3) Travel & Lodging
121.20 115.20 196.11
121.0
609.60 187.11 228.92 12.97 100.00 55.82 2.00 12.95 228.92 2.00 228.92 2.00 12.95 115.20 41.65 49.95 182.58 609.60
Telephone Hotel Charges

Travel & Lodging Hotel Charges Travel & Lodging
Telephone
Ground Transportation Meals - Dinner (1) Meals - Lunch (3) Ground Transportation Air Transportation Ground Transportation Ground Transportation Air Transportation Hotel Charges Meals - Breakfast (1) Meals - Dinner (3) Meals - Lunch (2) Travel & Lodging Hotel Charges Meals - Dinner (3) Meals - Lunch (1) Travel & Lodging Hotel Charges Meals - Lunch (3) Travel & Lodging Hotel Charges Meals - Dinner (2) Travel & Lodging Ground Transportation Ground Transportation Air Transportation Meals - Dinner (1) Meals - Lunch (1) Ground Transportation Ground Transportation Ground Transportation Air Transportation
121.0
183.60 609.60 228.92 13.20 79.97 24.77 2.00 228.92 120.56 11.26 2.00 228.92 66.10 2.00 217.42 100.00 2.00 115.20 115.20 1,364.60 22.14 20.22 169.32 121.20 183.60 609.60
9 of 44

FOR THE PERIOD FROM MAY 1, 2009 THROUGH MAY 31,2009

DATE
DESCRIPTION
AMOUNT
Kevin Tomossonie
5/18/2009 5/18/2009 5/18/2009 5/19/2009 5/19/2009 5/19/2009 5/19/2009 5/19/2009 5/20/2009 5/20/2009 5/20/2009 5/20/2009 5/21/2009 5/21/2009 5/21/2009 5/22/2009 5/25/2009 5/25/2009 5/25/2009 5/25/2009 5/25/2009 5/25/2009 5/26/2009 5/26/2009 5/26/2009 5/26/2009 5/26/2009 5/27/2009 5/27/2009 5/27/2009 5/27/2009 5/28/2009 5/28/2009 5/28/2009 5/28/2009 5/28/2009 5/29/2009 5/29/2009 5/29/2009 5/30/2009 5/30/2009
Hotel Charges
Meals - Dinner (2) Travel & Lodging
Postage & Courier
Hotel Charges
Meals - Dinner (1) Meals - Lunch (2) Travel & Lodging
Hotel Charges
Meals - Breakfast (1) Meals - Dinner (2) Travel & Lodging Ground Transportation Meals - Breakfast (1) Meals - Dinner (1) Air Transportation Ground Transportation Ground Transportation Air Transportation
Hotel Charges
Hotel Charges
Meals - Breakfast (1) Meals - Dinner (3) Meals - Lunch (3) Travel & Lodging
Hotel Charges
Meals - Breakfast (1) Travel & Lodging

Meals - Breakfast (1) Meals - Dinner (1) Travel & Lodging
Telephone
Ground Transportation Meals - Dinner (1) Meals - Lunch (2) Air Transportation
Telephone
$
228.92 100.00 2.00 5.10 228.92 50.00 37.59 2.00 228.92 5.56 100.00 2.00 115.20 6.98 26.83 609.60 121.20 183.60 609.60 217.42 33.35 2.00 217.42 15.00 120.08 63.89 2.00 217.42 10.72 2.00 12.95 217.42 9.90 50.00 2.00 12.95 115.20 17.99 42.45 629.60 150.72
Total Expenses - Kevin Tomossonie (May 2009)
13,026.87
1 0 of 44

DATE
DESCRIPTION
AMOUNT
Jesse DelConte
5/1/2009 5/1/2009 5/1/2009 5/3/2009 5/3/2009 5/3/2009 5/3/2009 5/4/2009 5/4/2009 5/4/2009 5/5/2009 5/5/2009 5/5/2009 5/6/2009 5/6/2009 5/6/2009 5/7/2009 5/7/2009 5/8/2009 5/9/2009 5/10/2009 5/10/2009 5/10/2009 5/10/2009 5/10/2009 5/11/2009 5/11/2009 5/11/2009 5/12/2009 5/12/2009 5/12/2009 5/12/2009 5/13/2009 5/13/2009 5/14/2009 5/14/2009 5/14/2009 5/14/2009 5/15/2009 5/15/2009 5/17/2009 5/17/2009 5/17/2009 5/17/2009 5/17/2009 5/18/2009 5/18/2009 5/18/2009 5/18/2009
Ground Transportation Air Transportation Meals - Lunch (1) Ground Transportation Air Transportation Hotel Charges
Telephone
Postage & Courier
Hotel Charges Telephone Hotel Charges

Meals - Lunch (2)

Meals - Dinner (2)
Telephone
Air Transportation Meals - Dinner (1) Ground Transportation
115.20 378.20 25.00 121.20 700.70 228.92 12.95 5.10 228.92 12.95 228.92 40.39 12.95 228.92 100.00 12.95 609.60 43.68 96.39
Telephone
Ground Transportation Ground Transportation Air Transportation
31.5
121.20 65.28 609.60 217.42 4.00 217.42 2.00 12.95 217.42 23.54 2.00 12.95 217.42 2.00 115.20 614.60 43.68 54.84 95.88 13.30 121.20 65.28 609.60 217.35 4.00 217.42 47.26 2.00 12.95
Hotel Charges Travel & Lodging Hotel Charges Travel & Lodging

Meals - Lunch (2)
Travel & Lodging

Travel & Lodging Ground Transportation Air Transportation Meals - Dinner (1)
Meals - Lunch (3) Ground Transportation Meals - Lunch (1) Ground Transportation Ground Transportation Air Transportation Hotel Charges Travel & Lodging Hotel Charges Meals - Lunch (2) Travel & Lodging
Telephone
11 of 44

DATE
DESCRIPTION
AMOUNT
Jesse DelConte
5/19/2009 5/19/2009 5/19/2009 5/19/2009 5/20/2009 5/20/2009 5/20/2009 5/21/2009 5/21/2009 5/21/2009 5/22/2009 5/25/2009 5/25/2009 5/25/2009 5/25/2009 5/25/2009 5/26/2009 5/26/2009 5/26/2009 5/27/2009 5/27/2009 5/27/2009 5/27/2009 5/28/2009 5/28/2009 5/28/2009 5/29/2009
Hotel Charges

Meals - Lunch (2)
Travel & Lodging Air Transportation Meals - Dinner (1)

Meals - Lunch (3) Ground Transportation Ground Transportation Ground Transportation Air Transportation
217.42 35.00 2.00 12.95 217.42 49.44 2.00 609.60 43.68 42.94 92.31
121.0
242.76 609.60 217.42 4.00 217.42 2.00 12.95 217.42 100.00 2.00 12.95 115.20 609.60 12.21
Hotel Charges Travel & Lodging Hotel Charges Travel & Lodging

Telephone
Ground Transportation Air Transportation Meals - Dinner (1)
Meals - Lunch (1)
$
11.8
11,026.52
Total Expenses - Jesse DelConte (May 2009)
12 of 44

FEE STATEMENT - PACIFIC ENERGY RESOURCES LTD. FOR THE PERIOD FROM MAY 1, 2009 THROUGH MAY 31, 2009
DATE
DESCRIPTION
AMOUNT
General Expenses
4/30/2009
Telephone - Premiere Global Services
$ $
359.82
Total Expenses - General Expenses (May 2009)
359.82
13 of 44

FOR THE PERIOD FROM MAY 1,2009 THROUGH MAY 31, 2009
Matter Code
1
MATTER I ACTIVITY CATEGORY
DESCRIPTION
Accounting / Auditing
Activities relating to maintaining and auditing books of account, preparation of
financial statements and account analysis.

2
Asset Analysis and Recovery
Identify and review of potential assets including causes of action and nonliti~ation recoveries.
Asset Disposition
Business Analysis
Sales, leases (365 matters), abandonment and related transaction work.

Preparation and review of company business plan; development and review of strategies; preparation and review of cash flow forecasts and feasibilty studies.
Business Operations
Issues related to debtor-in-possession operating in chapter 11 such as employee,

vendor, tenant issues and other similar problems.
Case Administration
Coordination and compliance activities, including preparation of SOFA; schedules,

list of contracts; US Trustee interim statements and operating reports; contacts
with the US Trustee: ~eneral creditor inauiries.

7
Claims Administration and Objections
Specific claim inquiries; bar date motions; analyses, objections and allowance of claims.
Corporate Finance
Review financial a~pects of potential mergers, acquisitions, and disposition of company or subsidiaries.
Data Analysis
Management information systems review, installation and analysis, construction,

maintenance and reporting of significant case financial data, lease rejection,
claims. etc.
10
Employee Benefits / Pensions
Review issues such as severance, retention, 401K coverage and continuance of

pension plan.
11
Fee / Employment Applications
Preparation of employment and fee applications for self or others; motions to
establish interim procedures.

12
Fee / Employment Objections
Review of and objections to the employment and fee applications of others.
13
Financing
Matters under 361, 363, and 364 including cash collateral and secured claims; loan document analysis.
Providing consulting and expert witness services relating to various bankruptcy matters such as insolvency, feasibility, avoiding actions, forensic accounting, etc.
14
Litigation Consulting
15
Meetings of Creditors
Preparing for and attending the conference of creditors, the 341 (al meeting and
other creditors' committee meetings.

16
Plan and Disclosure Statement
Formulation, presentation and confirmation; compliance with the plan confirmation order; related orders and rules; disbursement and case closing
activities, except those related to the allowance and objection to allowance of claims.
17
Reconstruction Accounting
Reconstructing books and records from past transactions and bringing accounting
current.
18
Relieffrom Stay Proceedings
Matters relating to termination or continuation of automatic stay under 362.
19
Tax Issues Non-Working Travel
Analysis of tax issues and preparation of state and federal tax returns.
20
21
Travel time.
Valuation
Appraise or review appraisals of assets.
14 of 44
ZOLFO COOPER MANAGEMENT, LLC AND SCOTT W. WINN PACIFIC ENERGY RESOURCE LTD. TIME ENTRIES - MAY 2009
Matter
Professional Scott W. Wlnn
Date 5/1/2009
Code
4 6 10 11
Hourly
Description Disess laskasensitivity analysis with Goldma~ Sachs

Review final trading motion order Review draft KElP Finalize ZC retention documents
Review engagement letter of JIB auditors

5/1/2009 Total
Rate 785.00 785.00 785.00 785.00 785.00
Hours
1.1 0.3 0.6 0.9 0.4 3.3 1.1 0.3 0.8 0.7 3.0 0.3 6.0 12.2
Chares
863.50 235.50 471.00 706.50 314.00 2,590.50
5/4/2009
6 10
Call with Lazard on sales process Discuss Alaska bid process with I. Kharasch Discuss Alaska bid process with J. Rainwater. Update call with lenders
Review draft KElP Discuss KElP with counsel Travel NY to Long Beach
20
785.00 785.00 785.00 785.00 785.00 785.00 392.50
5/4/2009 Total
863.50 235.50 628.00 549.50 2,355.00 235.50 2.355.00 7,222.00

471.00 235.50 1,020.50 549.50 1,648.50 785.00 706.50 471.00 863.50 6,751.00
5/5/2009
7 10 13 16
Discuss production payments with G. Tywoniuk Review funding motion Discuss UCC legal issues with D. Katie Discuss comp committee with G. Tywoniuk Analyze corporate structure and potential claims Discuss KElP with lenders
Update KElP Lender update call
785.00 785.00 785.00 785.00 785.00 785.00
785.0
785.00 785.00
0.6 0.3 1.3 0.7 2.1 1.0 0.9 0.6
Discuss restructuring options with D. Katie
1.
5/5/2009 Total
8.6
Call with Lazard regarding Alaska process Review Alaska cost structure Review BETA production statistics Analyze projections Discuss KElP with lenders
Travel Long Beach to NY
5/6/2009
10 20
785.00 785.00 785.00 785.00 785.00 392.50
5/6/2009 Total
1.1 0.6 1.3 1.1 1.2 6.0 11.3
863.50 471.00 1.020.50 863.50 942.00 2.355.00 6,515.50

785.00 706.50 471.00 1,099.00 392.50 3,454.00
1.491.50 471.00 628.00 1.413.00 4,003.50
5/7/2009
Call with management, Albrecht and Lazard to discuss bids Calls with Albrecht to discuss particular bids Discuss draft PSA with management Review bids received Planning call with ZC staff
785.00 785.00 785.00 785.00 785.00
5/7/2009 Total
1.0 0.9 0.6 1.4 0.5 4.4

1.9 0.6 0.8 1.8 5.1
5/8/2009
Review Alaska bid letters Call with management and Lazard on Alaska bids Discuss Alaska operations with J. Rainwater Comp commitee meeting of board
785.00 785.00 785.00 785.00
5/8/2009 Total
5/11/2009
Sales process update call Discuss sales process with D. Katie Participate in Board Meeting
785.00 785.00 785.00
0.9 1.6 2.1
5/11/2009 Total
4..
785.00 785.00 785.00
2.1 1.4 0.8
706.50 1,256.00 1.648.50 3,611.00

1,648.50 1,099.00 628.00 3,375.50
5/12/2009
13
Discuss royalty issues Various discussions on DIP hearing Update call with lenders
5/12/2009 Total
4.3
5/13/2009
Discuss potential preference analysis Call with Lazard and Goldman Sachs on Beta Sales Process Analyze potential sales process schedule Assess funding requirements Discuss Chevron issues with J. Arlington
785.00 785.00 785.00 785.00 785.00
0.9 1.3 1.3 1.2 1.4
5/13/2009 Total
..1
3 4 6 19
706.50 1,020.50 1,020.50 942.00 1.099.00 4,788.50 863.50
5/14/2009
Discuss stellar bid with management and Lazard

Review BETA operating performance Weekly internal update call
Consider tax alternatives in restructurinR
785.00 785.00 785.00 785.00
1.1
D..
0.5 1.1
47100
392.50 863.50 2,590.50
3,297.00 5.887.50 9,184.50 5.966.00 2 355.00
5/14/2009 Total
3.3
3 20
5/18/2009
5/18/2009 Total
Meet with potential bidder in Hong Kong Travel NY to HonR.Kong
785.00 392.50
4.2 15.0 19.2 7.6 3.0 10.6

1.2 15.0 16.2
5/19/2009
Meet with potential bidder in Hong-Kong
Discuss potential bid structures with management
785.00 785.00
5/19/200 Total 5/20/2009

5/20/2009 Total
16 20
8,321.00
942.00 5 887.50
Discuss restructuring alternatives

Travel Hong Kong to NY
785.00 392.50
6,829.50
392.50 942.00 1.413.00 2,747.50
5/21/2009
16
Weekly internal update call Call with D. Hull on alternatives
Develop restructuring scenario for investor
785.00 785.00 785.00
5/21/2009 Total
0.5 1.2 1.8 3.5

1.3 0.3 0.5 1.6 0.6
5/22/2009
Call with counsel to discuss issues of ownership transition in sale Discuss PSA with J. Rainwater Update call with J. Rainwater Discuss updating to DIP credit agreement
16
Call with D. Katie on restructuring alternatives
785.00 785.00 785.00 785.00 785.00
5/22/2009 Total
4.3
1,020.50 235.50 392.50 1,256.00 471.00 3,375.50
150144
ZOLFO COOPER MANAGEMENT, LLC AND SCOTT W. WINN PACIFIC ENERGY RESOURCE LTD. TIME ENTRIES - MAY Z009
Matter
Professional
Scott W. Wlnn
Hourly
Date
Code
20
Description
Travel NY to Houston
Rate
39Z.50
Hours
4.5 4.5 1.Z 4.Z 1.Z 0.7
Charges
1,766.25 1,766.25
94Z.00 3,297.00 942.00 549.50 1,020.50 1.570.00 8,3Z1.00
5/25/2009
5/25/ZOO9 Tot.i
5/26/Z009
5 13 16 20
Prep meeting with Lazard
Meet with potential bidder Meet with Chevron

lender update call
Internal discussions on alternatives

Travel Houston to LA
785.00 785.00 785.00 785.00 785.00 39Z.50
1.
5/26/2009 Tot.i
5/27/2009
6 16
4.0 12.6 5.9 1.3 2.1 9.3 0.5 0.6 1.2 2.1 1.3 0.5 5.0 11.2 0.6 1.6 Z.Z
Meeting with Goldman Sachs

Discuss restructuring proposals with D. Katie Prepare modified proposal for Hong Kong investor
785.00 785.00 785.00
5/z7/zoo9 Tot.i
5/28/2009
Discuss Alaska leases with M. Cervi Discuss Alaska leases with J. Rainwater DIP settlement call with counsel Respond to information request from Hong Kong investor Calls with management on DIP discussions Discuss court logistics with G. Tywoniuk Travel LA to Newark
785.00 785.00 785.00 785.00 785.00 785.00 392.50
4,631.50 1,020.50 1.648.50 7,300.50

392.50 471.00 942.00 1,648.50 1.020.50 392.50 1,962.50 6,829.50 471.00 1,256.00 1,727.00
20
5/Z8/Z009 Tot.i
5/29/Z009
5/29/2009 Total
Scott W. Wlnn Total
Manage logistics to review AlP for preliminary preference analysis

Review MMS processiOJ~
785.00 785.00
156.8
101,304.25
158.00 355.50 118.50
Jesse C. DelConte
5/1/2009
11
13
Review Operated strategic sensitivities.
Review capex forecast provided by D. Cosgrove in comparison to DIP budget. Review disclosure affdavit from Windes & McClaughry. Pass along to counsel for filing with the Court.
Prepare model to email to T. Tran in order for him to insert actual disbursements from previous
395.00 395.00 395.00 395.00

197.50
0.4 0.9 0.3

1.1
434.50
1 382.50 2,449.00
237.00
week.
20
Travel long Beach to NY
5/1/Z009 Tot.i
5/4/2009
Review banking account reconciliation for the Company's payroll account. Incorporate reconciliation
7.0 9.7
0.6 0.8 0.4
1.1
395.00 395.00 395.00 395.00 395.00 395.00 395.00 395.00

395.00
into the model. Sort previous week's disbursements by expense category for disbursement analysis. Talk to L.
Carbajal in AP in order to properly categorize certain expenses. Review disbursements list to budget to determine where actual disbursements line up v forecasted
316.00
158.00
disbursements.
Prepare for and attend disbursements meeting with L. Carbajal, T. Tran, and J. Kuritz. Review planned disbursements for upcoming week.
434.50
237.00 513.50
10 13
Review KElP analysis deck prepared by M. Cervi i edit i review edits with M. Cervi. Review actual v disbursement analysis completed by the Company for previous week's disbursements. Delete comments and charts from last week from weekly report template. Begin inserting comments for updated report.
Prepare Beta production trend chart and write comments related to previous week's activities. Insert comments from lazard. Write comments related to Alaska production. Prepare forecast v actual comments for previous week's disbursements. Update forecasted DIP
0.6
1.3
0.9
1.6 1.8 0.3 0.4 0.5
355.50 632.00 711.00 118.50 158.00 197.50
borrowings and tOE comparison. Insert into weekly report. Send emails out Alaska, lazard, and M. Clemans for input into weekly report.
Insert i revise comments from M. Clemans for the weekly report related to reserve reports.
Insert AK comments from D. Hall. Finalize draft of report and send out to internal group for review.
395.00 395.00 395.00
5/4/Z009 Tot.i
5/5/2009
Continue work on G&A expense breakdown tracking sheet. Review long term budget capex expectations
10.3
4,068.50
513.50 474.00 987.50
Begin creating a weekly cash flow budget to go through the end of 20ll for Beta only. Work on detailed LOE and G&A breakdown sheet for model.
Attend weekly meeting for review of invoices for weekly disbursements with J. Kuritz, T. Tran, L. Carbajal, and Y. Carbajal. 11 13
395.00 395.00 395.00 395.00

395.00 395.00 395.00
1.3 1.2 2.5
1.
1.1 0.7 1.0
51350
434.50 276.50 395.00
Prepared monthly fee statement for March to submit to the court.

Prepare for and attend weekly lender call. Discuss edits to the weekly report with M. Cervi. Make changes, finalize report. Send out to group for lender call.
5/5/2009 Tot.i
5/6/2009
look through recent Draft PSA and associated comments from counseL. Updated 2009 Oil Pricing tracking sheet.
Finalized G&A breakdown expense tracking sheet.
9.1
395.00 395.00 395.00 395.00 395.00 395.00
0.4 0.4 2.6 3.5 0.9
1.7
3,594.50
158.00 158.00 1.0Z7.00 1,382.50 355.50
Work on 2 year cash flow model. Review updated capex tracking sheet from D. Cosgrove against budgeted capex forecast and in relation to 2 year cash flow model.
Develop two week AK budget for the weeks ending 5/8 and 5/15. Revise draft given edits from M. Cervi. Send out to lenders for approval.
671.50
5/6/Z009 Tot.i
5/7/2009
Amend 2 week AK budget and prepare budget to be submitted to the court. Work on the 2 year cash flow model to be provided to GS.
9.5
395.00 395.00 395.00 395.00 395.00
1.5 4.8 1.0 1.3
3,752.50
592.50 1,896.00 395.00
513.50 276.50
Prepare for and participate in call with 5. Winn, K. Tomossonie, S. Liles pertaining to an 18 month budget. Focus on capex assumptions going forward an their impact on reserve report values. Review
assumptions with O. Cosgrove. 13
Review and prepare latest cash flow model to be given to the company for them to prepare their
actual v forecast disbursement analysis.
0.7
16 0144
ZOLFO COOPER MANAGEMENT, LLC AND SCOTT W. WINN PACIFIC ENERGY RESOURCE LTD. TIME ENTRIES. MAY 2009
Maner
Professional Jesse C. DelConte
Date
Code
21
Hourly
Description
Rev-iew carifiaf assmptioiis n-fjjrductfori-assumptions frnth-the'riid sewei"rsev-e'-re'p'i
Rate
395.00
Hours
1.3
Charges
513.50
5/7/2009
5/7/2009 Tolal
for Beta.
10.6
Review draft Beta PSA.
4.187.00
118.50 592.50 237.00 908.50 474.00 118.50 1.777.50 4,226.50 711.00 316.00 513.50 316.00 908,50 513.50 316.00 316.00
158.00 118.50 158.00 4.345.00
5/8/2009
Prepare analysis of post-petition Alaska cash flows to be distributed to GS. Update model with new production figures and cost assumptions.
Work on 2 year cash flow model to be provided to GS.
Prepare version of model that latest Alaska budget was taken from to be sent off to lenders.
11 20
Review retention order for Zolfo to determine proper form of fee application. Travel long Beach to NY
395.00 395.00 395.00 395.00 395.00 395.00 197.50
5/8/2009 Tolal
0.3 1.5 0.6 2.3 1.2 0.3 9.0 15.2

1.8
5/11/2009
Review preliminary capex projections created by S. Ules and D. Cosgrove and the associated
budgets. Compare against reserve reports. Update critical vendor analysis to be distributed to the UCC.
395.00 395.00 395.00 395.00 395.00 395.00 395.00 395.00

395.00 395.00 395.00
13
Review current Chevron balance and discuss the inputs in the calculation with D. Jeric. Estimate monthly cost run rate, distribute estimate to GS. Review forecast to actual analysis created by the Company last Friday. Review disbursements made last week and categorize them by expense type. Input into the model
to create forecast to actual analysis to be used in the weekly report. Prepare comments for the forecast v actual analysis.
0.8 1.3 0.8 2.3

1.3 0.8 0.8
Prepare preliminary Alaska budget through mid-July to be included in the weekly report.
Review comments and edits from Zolfo team on the weekly report / make edits / distribute to
internal group. Update Beta production trends file / insert comments on Beta.
Insert comments from R. lynd and M, Clemans into weekly report. Insert comments from D. Hall into weekly report.
5/11/2009 Total
0.4 0.3 0.4 11.0

1.6 3.0 2.3 1.3
5/12/2009
Work on the 18 month budget.
Continue analysis of revised capex forecast against reserve report capex forecast.
Work on revising DIP budget to include an additional two months of AK spending and revised Beta and corporate spending. Review 18 month, monthly forecasts prepared by D. Cosgrove. Begin breaking out capex assumptions to create a file detailing the differences between the new forecasts and the reserve
395.00 395.00 395.00 395.00
632.00 1,185,00 908.50 513.50
report on a project by project basis.

Review invoices for weekly disbursements. Determine what pre-petition invoices can and cannot be paid. Prepare actual v forecast to send to the UCe. Prepare and email off the excel file associated with the updated AK budget from the weekly report to M, Tarver from GS.
13
395.00 395.00 395.00 395.00
1.2
474.00
158.00 118.50
0.4 0.3
1.0
395.00 276.50 4,661.00 434.50

750.50 1,106.00
Review edits from the ZC team and management I finalize weekly report / distribute to entire group, Prepare for and attend the weeklv lender call.
395.00
5/12/2009 Total
0.7 11.8
1.1 1.9 2.8 1.5 1.4 1.7 0.5
5/13/2009
Continue work on revision to DIP budget. Analyze 2009 spending in Alaska to determine proper lOE and G&A spending amounts.
395.00
Finish comparison of revised forecasted capex vs reserve report capex. Work on incorporating WE assumptions from the monthly 18 month budget into the weekly 18 month budget.
Prepare for and attend meeting with M. Cervi, S, Liles, and D, Cosgrove relating to the Capex plans for Beta and what plans should be distributed externally, Prepare for and attend meeting with L Carbajal, J. Kuritz, and T. Tran to review invoices to determine proper amounts to ask for in the tax motion. Review work on disbursements for the monthly operating report. Distribute internally for
395.00 395.00 395.00

395.00
592.50 553.00
395.00 395.00
67150
197.50 4.305.50
discussion. Review and distribute revised exhibit for the tax motion.
5/13/2009 Total
10.9
5/14/2009
Compare 18 month budget against historical spending trends.

Incorporate revised 18 month capex budget into analysis comparing the revised budget to the reserve report budget. Update 2009 Oil Pricing sheet. Analyze effects of different pricings / spreads on profitability and covenant compliance. Update production in the cash flow modeL. Analyze production trends / talk with management to
395.00 395.00
1.3 2.8
51350
1,106.00
395.00 395.00 395.00

395.00 395.00
0.8
1.2 2.1 1.3
316.00 474.00 829.50 513.50 316.00
determine viable production forecasts for update to cash forecast model.

Collect invoices for professional fees from Company. Review to attempt to determine possible changes to professional fee assumptions in the cash flow modeL. Determine amount of AK state credit and its effect on future royalty payments. Determine when AK
wil receive Tesoro payment.

Review and edit revised 18 month monthly budget put together by D. Cosgrove. Adjusted
0.8
forecasted pricing and expense forecasts.

5/14/2009 Total
10.3
4,068.50
671.50 434.50 316.00 592.50 316.00
5/18/2009
Categorize previous week's disbursements based on expense group. Insert categorization into the cash forecast model.
Update WE and G&A budget to actual analyses. Review and edit revised budget to send out to internal group for comments. Create capital spending tracking sheet to ilustrate the differences In budget v actual capital
395.00 395.00 395.00 395.00 395.00 395,00 395.00 395.00 395.00 395.00 395.00
1.7 1.1 0.8 1.5
13
spending, Weekly disbursements meeting with D. Cosgrove, L Carbajal, J. Kuritz, T. Tran, S. lies, D. Hall, J. Rainwater, and D. Jeric. Review forecast to actual analysis performed by the Company on last week's disbursements. Update Beta production analysis and update comments in weekly report for Beta and Other, Update bullets for investment banking process.
0.8 0.8 1.2 0.3 1.4 0.6 0.8
316.00 474.00 118.50 553.00

237.00
Write comments for weekly report relating to weekly and cumulative forecast to actual spending. Insert comments for Alaska production and other matters. Review and edit draft before distributing to internal group. Begin preparing fies to be updated for the weekly report, Write emails to M. Clemans / R, lynd /
Alaska for updated comments and analvsis,
316.00
5/18/2009 Tolal
11.0
4.345.00
17 0144
ZOLFO COOPER MANAGEMENT, LLC AND SCOTT W. WINN PACIFIC ENERGY RESOURCES LTD. TIME ENTRIES. MAY 2009
Matter
Date
Code
Hourly
Description
Review latest PSA draft. Prepare revision to updated budget. Prepare to distribute to internal group for 2nd Amendment to Credit Agreement. Finalize initial draft of revised budget for the amendment to the credit agreement.
Rate
395.00 395.00 395.00 395.00 395.00 395.00 395.00 395.00 395.00 395.00 395.00
Hours
0.8 1.0 2.8 0.4
1.5
Charges
316.00 395.00
1,106.00 158.00
5/19/2009
Internal discussion on the budget and changes to be made before sending out to the internal group. Prepare for and attend invoice review with management to determine what invoices can and cannot
be paid.
592.50
118.50 355.50 237.00 513.50 395.00 434.50 4.621.50
Prepare and distribute DIP borrowing forecast excel spreadsheet to SP.

Prepare bi-monthly hour and expense summary. 11 13
Review historical bank balance information for the Company. Finish hour and expense summary.
Prepare for and attend the weekly lender call. Review and edit weekly report and distribute to lender group.
5/19/2009 Tot.1
0.3 0.9 0.6 1.3 1.0 1.1 11.7 3.1

0.3 2.5 1.3 1.6
5/20/2009
Revise budget with changes discussed internally. Format and prepare budget and then distribute to lenders. Format and edit budget excel fie to email out to Lenders.
Develop a preliminary G&A budget by individual G&A category. Meet with D. Cosgrove to compile preliminary estimates for Beta stand alone G&A costs.
395.00 395.00 395.00 395.00 395.00 395.00
1.224.50
118.50 987.SO 513.50 632.00
11
Meet B. Lyng and D. Cosgrove to discuss any changes to the first draft of the G&A forecast. Review necessary staffing. Prepare draft staffing report for March for the Court and the Trustee to review.
0.8
5/20/2009 Tot.1
9.6
Review template for preference analysis. Review historical G&A spending and latest trends to determine impact of reduced spending on future G&A costs.
316.00 3,792.00
158.00 987.50
5/21/2009
395.00 395.00 395.00 395.00 395.00 395.00 395.00 395.00 395.00 395.00
0.4 2.5
1.1
Review assumptions pertaining to Pier G relocation and associated capex dollars. Analyze the affect on valuation of a change in underlying assumptions. Review internal company documents relating to a stand alone G&A budget for Alaska. Compare to
Beta G&A budget. Review actual disbursements for the week v forecasted disbursements.
434.50 316.00
118.50 118.50 237.00 316.00 908.50
0.8 0.3 0.3 0.6 0.8 2.3
Prepare and send excel budget file to Company for actual v forecast analysis. Prepare for and attend call with M. Cervi, D. Cosgrove, and G. Tywoniuk on stand-alone Beta G&A analysis.
11 18 Create updated summary charts for revised Pacific invoicing.
Go through PERL and PEAO bank account information to begin low balance test for Beta Earn Out
and Medema Trust analysis.
1.
10.3
474.00
Collect additional information from the Company relating to timing of historical royalty payments at PERL and PEAO. Determine accrual schedules for both royalties and payments in Alaska.
5/21/2009 Tot.1
4,068.50
118.50 158.00 158.00 118.50
5/22/2009
4 19
Review updated 18 month budget modeL.
Set up call with Windes! ZC! Company. Prepare for and have call with Windes to establish future potential Beta taxes.
Talk with P. Scribner from Windes about future potential tax liabilty at Beta post bankruptcy. Travel Long Beach to NY
395.00 395.00 395.00 395.00

197.50
0.3 0.4 0.4 0.3
20
5/22/2009 Tot.1
8.0 9.4
1.580.00 2,133.00
5/25/2009
5/25/2009 Tot.1
20
Travel NY to Long Beach
197.50
9.0 9.0
1.3 0.9
1.77750
1,777.50
5/26/2009
Categorize the previous week's disbursements. Review disbursement invoices Insert categorized disbursements into forecast v actual model, LOE comparison, and G&A
395.00 395.00
395.00 395.00
513.50 355.50
158.00 513.50
comparison. Update LOE and G&A comparisons for revised budget.

Prepare for and attend weekly disbursements meeting with L. Carbajal and T. Tran. Review
0.4 1.3
13
proposed disbursements against budget for week to determine whether Company wil violate covenants. Review forecast to actual analysis performed by the Company for last week.
Prepare Beta update for the weekly report. Update production file and update weekly comments. Update weekly actual v forecast comments for the weekly report. Insert comments from Robert Lynd. Prepare updated DIP borrowings forecast. Update AK portion of the weekly report. Prepare weekly report fie and weekly production files for updating. Email R. Lynd and Alaska for
395.00 395.00
0.8 0.8
1.3 0.7 0.7 0.6
316.00 316.00
513.50 276.50 276.50 237.00
395.00 395.00 395.00 395.00

395.00 395.00
weekly report updates.

Review first draft of the report with M. Cervi. Make revisions of the report and distribute to internal group for their review.
18 Update low balance test for comments received from M. Cervi. Revise and send out to Pachulski.
0.8
1.5
316.00 592.50
5/26/2009 Tot.1
11.1
Edit 18 month budget analysis to incorporate updated yearly NPI allowable expenses. Begin working on adjusting capital expenditure plan for the new investor budget.
4,384.50
987.50 395.00 632.00 632.00 158.00 197.50 474.00 316.00 316.00 197.50 4,305.50 632.00 1,027.00
5/27/2009
Update budget for new timing! amount of payments.

Work on the 18 month budget for the new investor money. Prepare 18 month budget for review with D. Hull! ZC! Company.
Review professional fee apps and invoices to determine which professionals can be paid.
Review invoices for aU professionals. Create updated professional fee payment analysis.
Review invoices for this week's disbursements with L. Carbajal, Y. Carbajal, and T. Tran.
13
Prepare for and attend weekly lender call. Revise weekly report based on comments. Distribute to entire group for the lender calL.
395.00 395.00 395.00 395.00 395.00 395.00 395.00 395.00 395.00 395.00
5/27/2009 Tot.1
2.5 1.0 1.6 1.6 0.4 0.5 1.2 0.8 0.8 0.5 10.9 1.6 2.6
5/28/2009
Work on new investor DIP budget for possible investment by Chinese investors.
Work on updated DIP budget for new investors. Alter capital expenditure forecast to align with
Company's forecasted spend.
395.00 395.00
160144
ZOLFO COOPER MANAGEMENT, LLC AND 5COTT W. WINN PACIFIC ENERGY RESOURCE LTD. TIME ENTRIES - MAY 2009
Matter
HSt28zOO9
Hourly
Date
Code
Description
--Finalize drft 'ornew' investor bu',iget:-'-iyz;- ccrued but--"npai-d-cajiitaT expriditures' 'nd
Rate 395.00
395.00
Hours
1.9 1.1 0.3
Charges
750.50 434.50
118.50 197.50 513.50
professional fees.
Contact all creditor and lender professionals in order to ask for updated fee estimates for May and April in not already received. Communicate with Rutan in order to determine what Rutan's bilings would be for the March
395.00 395.00 395.00 395.00
through April periods. Sort through associated invoices from Rutan.

6 11 Prepare for and attend the weekly professionals call.
Exchange emails with Pachulski concerning OCP affdavits and the abilty to pay OCP firms. Determine which invoices we've received to date from our OCP firms we are able to pay.
Finalize fee statement.
0.5 1.3
1.2 10.5 1.3
5/28/ZOO9 Total
474.00 4,147.50
513.50
5/29/2009
Analyze current DIP and expected variances in order to determine how much further the Company
could push the DIP hearing date without needing more than $9.6MM in DIP funding. Begin updating all budgets to incorporate new professional fee information. Determine updated
395.00
395.00 395.00 395.00 395.00 395.00

197.50 395.00
1.1
434.50 316.00 197.50 434.50 158.00

1,580.00 316.00
professional fee payment timing.

Update 2009 oil pricing to incorporate an 4 Midway Sunset pricing sources.
Finish updating professional fee forecasts in differing budgets.

5 11 Take invoices from varying professionals and update the professional fee tracking sheet.
Communicate with Pachulski and NSAI in order to determine whether NSAI had filed a disclosure affidavit and to find out what their outstanding invoices are.
Travel Long Beach to NY Review work to be done by M. Clemans on the revision of the reserve reports to align with updated 18 month bud~et. Have call with M. Clemans and M. Cervi.
0.8 0.5 1.1 0.4 8.0 0.8
20 21
5/29/2009 Total
14.0
3,950.00
316.00 79.00 474.00 1,106.00
158.00 316.00 434.50 1.771.50 4,661.00
5/15/2009
Prepare revision of the DIP model to submit to the Lenders. Prepare DIP model forecast file and send to Silver Point.
Review legal invoices to determine forecasted payment timing and likely future billngs. Analyze Beta Earn Out calculations for pre and post-petition amounts. Create earn out forecast and
395.00 395.00 395.00 395.00 395.00 395.00 395.00 197.50
0.8 0.2
1.
2.8
cash segregation method in the cash flow forecast. Insert into revised budget.
11 20
Finalize first draft of updated budget for internal review. Review April invoicing / time reports for accuracy.
Create draft fee statement for March to submitted to the court.

5/15/2009 Total
0.4 0.8 1.1 9.0 16.3 8.0 8.0 9.0 9.0 9.0 9.0 4.2 4.2
26Z.4
5/3/2009
5/3/2009 Total
20
Travel NY to long Beach
197.50
1.580.00 1,580.00 1 717.50 1,777.50 1.777.50 1,777.50 1,659.00
5/10/2009
5/10/2009 Total
20
197.50
5/17/2009
5/17/2009 Total
20
197.50
5/24/2009
5/24/2009 Total
18
Create low balance test analysis for PERL. Analyze lockbox, operating, and combined accounts with respect to Beta Earn Out and Royalties.
395.00
1,659.00
88,,638.0.!L
Jesse C. DelConte Total

Mark A. Cervi
.-._-----5/1/2009
6 10 11
Participate in hearing update discussions and work effort coordination with zc teams
Prepare management incentive plan Review AMS-PAR engagement letter
Review and prepare time and expenses for fee application

5/1/2009 Total
525.00 525.00 525.00 525.00
0.5 2.0 0.5 1.0
4.0
262.50 1,050.00 262.50 525.00 2,100.00 157.50 262.50 367.50 262.50 262.50 157.50 157.50 525.00 525.00 525.00 262.50 525.00 367.50 4,357.50
5/4/2009
Participate in discussion with Management and S. Winn regarding sale process Participate in discussion with Management, S. Winn, and lazard regarding sale process Participate in discussion with Management Beta operations
Participate in discussion with management regarding operations at Beta assets Review disbursement request 10
Participate in discussion with Management regarding status of royalty motion. Participate in discussion with Management and S. Winn regarding incentive plan Revise employee incentive plan based on comments from counsel
Prepare for and participate in call with A. Kornfeld regarding employee incentive plan
11 13 21
Review and prepare time and expenses

Review AMS.PAR engagement letter and participate in discussion with Management Review weekly report draft and make comments Review NSAI reserve report for Beta assets
525.00 525.00 525.00 525.00 525.00 525.00 525.00 525.00 525.00 525.00 525.00 525.00 525.00
5/4/2009 Total
0.3 0.5 0.7 0.5 0.5 0.3 0.3 1.0 1.0 1.0 0.5 1.0 0.7 8.3 0.5 0.5 3.5 0.5 1.5 0.7 1.0
5/5/2009
3 6 10 11 13
Participate in discussion with Management regarding sale process Participate in discussion with Pachulski regarding various issues Prepare key employee incentive plan
Participate in preparation of April fee application
Review draft March interim fee application

Participate in weekly call with lenders Review and revise weekly report to lenders
525.00 525.00 525.00 525.00 525.00 525.00 525.00
5/5/2009 Total
8.2
262.50 262.50 1.837.50 262.50 787.50 367.50 525.00 4,305.00

262.50 262.50 262.50 787.50 210.00 525.00 1,312.50 787.50 4,410.00
5/6/2009
Conversation with lazard regarding sale process

Participate in conversation with M. Utvak regarding amendment to cash budget Review and distribute reserve reports to lenders
Participate in discussion with Management regarding royalties at Beta Field

10 11 Participate in conversation with M. Litvak regarding document request by UCC Participate in discussions with lenders regarding Key Employee Incentive Plan Participate in update of Key Employee Incentive Plan
Review draft March interim fee application
525.00 525.00 525.00 525.00 525.00 525.00 525.00 525.00
0.5 0.5 0.5 1.5 0.4 1.0 2.5 1.5
5/6/2009 Total
8.4
Prepare for and participate in weekly professionals update call
5/72009
525.00
1.0
525.00
190144
ZOLFO COOPER MANAGEMENT, UC AND SCOTT W. WINN PACIFIC ENERGY RESOURCES LTD. TIME ENTRIES - MAY 2009
Matter
Professional
Mark A. Cervi
Hourly
Date
5/7/2009 Total
Code
Description
Rate
Hours
1.0
Charges
525.00 525.00
262.50
I i I
5/11/2009
Participate in call with Lazard, Albrecht, Pachulski, and Management regarding sales process update
Review draft Beta PSA
525.00
1.0 0.5 0.9 0.8 0.2 0.7 1.5 0.5 2.0 0.4 1.0
Participate in call with Lazard, Management, Rutan, and Pachulski regarding Beta PSA
525.00 525.00 525.00 525.00 525.00

525.00 525.00 525.00 525.00 525.00
47250
420.00
105.00 367.50
Participate in meeting and call with Management regarding preliminary disbursement listing
Review letter from vendor regarding insurance deductible requirements
Review and comment on draft letter to Alaska DNR regarding Alaska escrow funding payments
Prepare for and participate in Board Meeting with Management, Lazard, and Counsel Review monthly operating reports
10
13
Review and comment on draft key employee incentive plan motion Review and respond to email traffic from Pachulski regarding key employee incentive plan
Review draft of weekly report and communicate changes to Zolfo team
5/11/2009 Total
9.5
525.00
1.5 1.0 1.0 1.2 0.4 0.5 0.4
787.50 262.50 1,050.00 210.00 525.00 4,987.50 787.50 525.00 525.00 630.00 210.00 262.50 210.00
105.00 157.50 315.00 630.00 157.50 105.00 4,620.00
5/12/2009
Participate in various discussions with Company regarding 18-month model for Beta properties
Review draft long term model for Beta properties
Participate in discussion with Management regarding "Beta Only" organizational chart

Develop "Beta Only" organizational Structure
Review memo from Management regarding status of Fuel Gas situation in Alaska Participate in discussion with Management regarding required funding for week Review budget to actual cash flow forecast and latest full cash model and distribute to Pachulski
pursuant to UCC request.
525.00 525.00 525.00 525.00 525.00 525.00
9
10 11 13 18
Review and respond to email traffic from Pachulski regarding lease rejections Respond to various emails from Pachulski regarding KElP
Review April Zolfo Invoice Review draft of weekly report and participate in weekly call with Lenders
Review Union Oil motion to compel immediate assumption or rejection of executory contracts.
525.00 525.00 525.00 525.00 525.00

525.00
0.2 0.3 0.6 1.2 0.3

0.2 8.8 1.0 1.0 0.3 0.6 1.5 0.8 0.5 0.4 0.4 0.2 0.3 0.3 1.2 0.5 0.4 0.4 9,8
Review Noble EnerRV motion to segregate funds

5/12/2009 Total
5/13/2009
Participate in multiple discussions with the Company regarding preference analysis
Participate in preparation and review of preliminary preference analysis Review and respond to Pachulski Memo regarding preference analysis Participate in Sales update call with Lenders and Lazard
Participate in meeting with Management regarding long term forecast Review long term forecast progress
Review pro forma Alaska Operated financial data and respond to Lender inquiries Review AFE and participate in Beta operations discussion with Management
Call with 5. Winn to coordinate work efforts.
Review of insurance premium financing motion

Review email and memo regarding Chevrons rights under the joint operating agreement.
9 10 11 16
Review and respond to draft supplemental tax motion Review executory contracts for accept I reject determination
Respond to various em ails from Pachulski regarding KElP
Review invoice from Omni Management Group Discussion with Management regarding restructurinR proposal
525.00 525.00 525.00 525.00 525.00 525.00 525.00 525.00 525.00 525.00 525.00 525.00 525.00 525.00 525.00 525.00
5/13/2009 Total
525.00 525.00 157.50 315.00 787.50 420.00 262.50 210.00 210.00 105.00 157.50 157.50 630.00 262.50 210.00 210.00 5,145.00
420.00 1,050.00 262.50 945.00 262.50 105.00 525.00 262.50
5/14/2009
Participate in meeting with Management regarding preference analysis

Participate in preparation of preference analysis
Participate in discussion with management regarding restructuring proposal

Review preliminary draft of Beta long term forecast and distribute to Lenders
Review issues list for weekly professionals call Review ORRI holder lener Participate in weekly professionals call on various issues
Participate in discussion with 5. Winn to coordinate work efforts and provide an update on status of
525.00 525.00 525.00 525.00 525.00 525.00 525.00 525.00 525.00 525.00 525.00
0.8 2.0 0.5 1.8 0.5 0.2 1.0 0.5

2.5 0.4 0.2
case
Participate preparation and review of March monthly operating reports
10
Review Medema Family Trust Motion to Segregate Funds Respond to various emails from Pachulski re~ardinR KElP
5/14/2009 Total
10.
525.00 525.00
0.5 0.5 1.0
1,312.50 210.00 105.00 5,460.00

262.50 262.50 525.00 262.50 210.00 262.50 367.50 525.00 1,627.50 315.00 315.00 525.00 157.50
157.50
5/18/2009
5/18/2009 Total
4
13
Review revised DIP Budget Review weekly report to lenders
5/19/2009
2 10
Review status of Preference Analysis

Participate in call with R. Saunders regarding KElP Participate in call with Pachulski and UCC regarding KElP Participate in call with Pachulski and Management regarding KElP
Amend KElP plan documents
525.00 525.00 525.00 525.00 525.00
5/19/2009 Total
0.5 0.4 0.5 0.7 1.0 3.1 0.6 0.6

1.0 0.3 0.3 1.5 1.0 0.4 0.8 1.2
5/20/2009
Respond to email from GS reRardinR: Beta onshore project
525.00
5/20/2oonotal
5/21/2009
Participate in various discussions and review status of preference analysis
Participate in call with Management and J. DelConte regarding G&A adjustments for beta model
525.00 525.00 525.00
Participate in discussion with Management and J. DelConte regarding G&A adjustments for beta model
525.00
787.50
Prepare for and participate in discussions with Lenders regarding AK operations and abandonment
Review statements and schedules
Phone call with G. Tywoniuk to discuss various bankruptcy issues
525.00 525.00 525.00 525.00
525.00 210.00 420.00

630.00
Participate in weekly professionals call and follow up discussion with Company Management Review issues list and Participate in weekly internal call with professionals
20 of 44
ZOLFO COOPER MANAGEMENT,llC AND SCOTT W. WINN PACIFIC ENERGY RESOURCE LTO. TIME ENTRIES - MAY 2009
Matter
Professional
Mark A. Cervi
Hourly
Date 5/21/2009 Total
Code
Description
Rate
Hours
6.5
Charges 3.412.50
525.00
157.50 1.155.00 630.00 262.50 105.00 262.50 157.50 262.50 262.50
5/22/2009
Participate in call with Management, S. Winn, Pachulski and Schully Roberts regarding close timing
Participate in a call with Management on 18-month beta budget Review IS-month beta budget
6 11 13 19
525.00
1.0
Participate in discussions with lenders regarding AK operations Call with S. Winn to discuss various case issues and strategies Analyze professional fee payments and approval process Discussion with Management regarding payment of professional fees Compile, review and distribute lender professional fee invoices
Review draft amendment #2 to DIP Credit agreement
Participate in call with Windes (Tax Accountants) and depreciation and tax assumptions for financial model
Participate in discussion with Management regarding Tax liability and value allocation for Beta
525.00 525.00 525.00 525.00 525.00 525.00 525.00 525.00 525.00

525.00
0.3 2.2
1.
0.5 0.2 0.5 0.3 0.5 0.5
projections
5/22/2009 Total
0.6 7.8
315.00
4,095.00
1,837.50 630.00
5/26/2009
Review preference analysis
4 5 6 13 16
Participate in a call with Counsel and lazard to discuss Sale process timing in Credit Agreement amendment. Review and adjust beta long term model
Call with D. Hall regarding Alaska Operations Review deadline memo prepared by Pachulski Review weekly report Review of New Investor Term Sheet Participate in multiple discussions with D. Katic and G. Amber and I Kharasch regarding development of non recourse structure for Alaska Non-Operated Assets Review and comment on non-recourse structure memo prepared by Rutan Review and comment on lowest Intermediate Balance Test Analysis
525.00 525.00 525.00 525.00 525.00 525.00 525.00 525.00 525.00 525.00
3.5 1.2 1.0 0.5 0.4 1.5 0.3 0.7
525.00 262.50 210.00 787.50 157.50 367.50

210.00 630.00 5.617.50 367.50 787.50 367.50 1,575.00
18
5/26/2009 Total
0.4 1.2 10.7 0.7 1.5 0.7 3.0

1.0 0.5 2.5 9.9
5/27/2009
Participate in discussion with lender (GS) to discuss Beta CAPEX plan Participate in discussion with lender (GS) to discuss MMS Royalties and Sale process
Participate in review of invoices Participate in preparation of Schedule G and review other revisions 0 statement and schedules. Review weekly report and participate in weekly call with lenders
525.00 525.00 525.00 525.00 525.00 525.00 525.00
13 16
Participate in discussion with Management and S. Winn regarding new investor information Preparing lender recovery analvsis as part of best interest test
5/27/2009 Total
525.00 262.50 1.312.50 5,197.50

1,575.00 262.50
5/28/2009
Particlpate in preparation of preference analysis
Participate in various discussion and emails with Management and Lazard regarding AK assets
Participate in preparation of Schedule G and review other revisions 0 statement and schedules. Participate in call with Counsel and Management regarding lender/UCC settlement 16
525.00 525.00
3.0
0.5 1.0
525.00
525.00 525.00 525.00
525.00
525.00 525.00 2.100.00 5,512.50
Review weekly issues list and participate in weekly call Prepare DIP and lonR term model for new Investors
5/28/2009 Total
1.0 1.0 4.0 10.5 4.0 0.5 0.4 0.5 0.8 3.0 1.0
5/29/2009
Review preference analysis
Review status of Preference analysis and responses to lender Requests

Call with M. Utvak regarding DIP budget and Chevron questions
Participate in call with M. Clemans and J. DelConte regarding lS-month budget

Participate in call with lender (GS) and Management regarding IS-month budget
Participate in multiple discussion regarding long term models

Review and respond to various emails from M. Litvak regarding DIP budget and Chevron questions
5/29/2009 Total
525.00 525.00 525.00 525.00 525.00 525.00 525.00
2.100.00 262.50 210.00 262.50 420.00 1,575.00 525.00
10.2
5,355.00
262.50
5/15/2009
Participate in various discussion with accounting group regarding interest on Chevron joint operating biling Participate in preparation of new money deck for potential investor Discussion with Management regarding Beta Operations
Review and preparation of restructuring deck for new investor
525.00
525.00 525.00 525.00 525.00
0.5
8.0 0.2
2.0 1.0 11.7
Participate in call with Silverpoint regardinR Alaska Operations

5/15/2009 Total
Mark A. Cervi Total
140.4
----73.710.00
2,700.00
4,200.00 105.00 1,050.00 525.00 6,142.50
Kevin S. Tomossonle
5/1/2009
Research Bankrupt US and Canadian public fiers and their footnote disclosures regarding U.S. Bankruptcy and Canadian Insolvency as it relates to SOP 90.7 and draft footnote disclosure language
for management to this effect.
450.00
6.0
5/1/2009 Total
6.0
2,700.00
360.00 1,440.00
225.00
5/4/2009
Discuss footnote disclosures with L Martinez. Research and respond to inquiries from Goldman Sachs related to Alaska operations, including
current expense run-rates and P&A funding liabilties.
450.00 450.00
0.8 3.2
0.5 1.0 2.0 9.0 16.5
10 11 20
Update schedule of potential buyers for the Alaska and Beta Assets for inclusion in report to lenders. Print and review proposal for key employee incentive plan. Review hours and expenses for April invoicing.
Travel NY to long Beach.
450.00
450.00 450.00 225.00
5/4/2009 Total
450.00 900.00 2.025.00
5,40.00
180.00 3,735.00 450.00 315.00 4,680.00
5/5/2009
1 4 5 13
Discuss calculation of put settlements prior to filng with J. Kuritz. Update Alaska model to reflect actual results through March. Update schedule of potential buyers of the Beta Assets. Prepare for and participate in call with lenders.
5/5/2009 Total
450.00 450.00 450.00 450.00
0.4 8.3 1.0 0.7 10.4

0.3
5/6/2009
Discuss the status of revisions to the statements and schedules with J. Kuritz.
450.00
135.00
210144
ZOLFO COOPER MANAGEMENT, LLC AND SCOTT W. WINN PACIFIC ENERGY RESOURCE LTD. TIME ENTRIES - MAY 2009
Maner
Professional
Kevin S. Tomossonle
Hourly
Date 5/6/2009
Code
Description
- - ~o5iss -statis -oiiTonthiy operating i-eprts"and" pote,afadJJsiingjo.rnai e'ntries withe. 'lyngand L. Martinez. Update Alaska model to reflect actual results through March. Prepare an agenda/issues list for discussion on upcoming call.
Rate 450.00
450.00 450.00 450.00 450.00 450.00
Hours
0.5 2.5 1.4 0.3 2.5 2.5
Charges
225.00
1,125.00 630.00 135.00 1,125.00
Discuss the status of the JIB audit engagement lener with M. Weisinger.
Research reserve reports posted to online data room and respond to UCC request for certain
information related to sensitivity analyses posted to the data room.

10 Participate in conference cali with lenders regarding key employee retention plans and make changes to the proposed plan and related plan document subsequent to the call.
1,125.00
5/6/200 Total
5/7/2009
Review documents related to orris and production payments provided by R. Saunders.
10.0
4,500.00
450.00 225.00 675.00
225.00 225.00 450.00 675.00 450.00 225.00 225.00 225.00 4.050.00
Analyze cash flow sensitivities

Update Alaska model to reflect current expectations of capital expenditure projects through 2009. Review capital expenditures projects listing related to Beta.
450.00 450.00 450.00 450.00 450.00 450.00 450.00 450.00 450.00 450.00 450.00
1.0 0.5 1.5 0.5 0.5 1.0 1.5 1.0 0.5 0.5 0.5 9.0
Respond to Lazard request regarding current bond account balances.

Prepare for and participate in call with internal professionals
11
Discuss reserve report and cash flow sensitivities with S. Liles and D. Cosgrove. Participate in conference call with S. tiles, J. Delconte, S. Winn and D. Cosgrove. Discuss prospective G&A under various scenarios with B. Lyng. Discuss prospective G&A under various scenarios with S. Liles. Review and provide comments on March fee application
5/7/2009 Total
5/8/2009
5/8/2009 Total
20
225.00
9.0 9.0
0.5 0.8 2.2 2.2 0.8 9.0 15.5 7.5 2.0 0.5 1.1 0.5 0.9 12.5 2.2 1.7 0.5 1.0
2025.00
2,025.00
225.00 360.00
5/11/2009
Analyze inter-company account balances and respond to inquiry by Debtor's Counsel.
Discuss status of March financial statements and requirements for filng monthly operating reports
6 10
450.00 450.00 450.00 450.00 450.00 225.00
with L. Martinez. Prepare monthly operating reports for March.
Make edits to key employee retention documents and prepare an additional (redacted version) for
filing.
990.00 990.00 360.00 2025.00 4.950.00
Review motion for key employee incentive plan and discuss same with R. Saunders.
20
Travel NY to Long Beach.
5/11/2009 Total
5/12/2009
Prepare monthly operating reports for March.
Analyze inter-company account balances amongst the various debtors and participate in conference call with debtor's counsel regarding the same. Discuss status of March close with L. Martinez and remaining open items. Research and respond to request of D&T related to reserve sensitivity reports. Research and respond to request of Lazard regarding Alaska bond accounts.
13
450.00 450.00 450.00 450.00 450.00 450.00
3,375.00 900.00
225.00 495.00 225.00 405.00 5,625.00
Prepare for and participate in call with lenders.
5/12/2009 Total
5/13/2009
Review bank reconciliations and discuss reconcilations needed for the monthly operating reports for
March with B. Lyng, T. VU and J. Kuritz.
450.00 450.00 450.00 450.00 450.00
990.00 765.00
225.00 450.00
Prepare a bridge analysis in response to a question posed by Silver Point in relation to the Alaska operations. Discuss status of Alaska operations with D. Jeric,
Print and discuss reporting requirements for the monthly operating reports with B., Lyng, J. Kuritz and L. Martinez.
5.0 0.8
2,250.00
10
Prepare schedules of cash payments for the 90-days preceding the filng detailed weekly by vendor. Compare and summarize changes of KElP plan documents previously communicated to the
Committee and that finallv filed with the Court.
450.00
360.00
5/13/2009 Total
11.2
5,040.00
3.150.00 450.00 540.00 450.00 225.00 225.00 5,040.00 3,150.00
2.025.00 5.175.00
5/14/2009
Reconcile cash accounts, intercompany accounts and prepare monthly operating reports.
Prepare for and participate in call with professionals.
Prepare an issues list for discussion on upcoming call with debtor's professionals. Discuss executory contracts with B. Lyng and J. Kuritz.
6 11
Prepare monthly operating reports for March. Preliminary invoice preparation,
450.00 450.00 450.00 450.00 450.00 450.00
5/14/2009 Total
7.0 1.0 1.2 1.0 0.5 0.5 11.2 7.0 9.0 16.0
0.5 0.5 3.0 5.5 1.0 10.5
5/18/2009
20
Prepare a 9O-day preliminary preference analysis incorporating check payment information with invoice information.
Travel NY to Long Beach
450.00
225.00
5/18/2009 Total
5/19/2009
1 2 6 9 13
Discuss April close with B. Lyng. Discuss preference analyses with J. Kuritz and T. Tran. Preliminary invoice preparation,
Prepare a 9O-day schedule of payments to vendors by invoice.

Prepare for and participate in a weeklv call with lenders.
450.00 450.00 450.00 450.00 450.00
5/19/2009 Total
225.00 225.00 1,350.00 2,475.00 450.00 4,725.00
5/20/2009
5/20/2009 Total
Prepare a 9Odav schedule of potential preference payments to vendors bv invoice.
450.00
10.0 10.0
2.2 0.5 1.0 0.8 2.3 0.2 0.5
4,500.00 4,500.00
990.00 225.00 450.00 360.00 1,035.00
5/21/2009
Obtain and analyze non-operated asset joint interest billngs, discuss with D. Jeric and prepare
450.00 450.00 450.00 450.00 450.00
schedule summarizing and normalizing such payments. Discuss preference analyses with T. Tran. Prepare an agenda for discussion on upcoming cali with professionals. Participate in call with debtor professionals. Participate in conference call with D. Hall, J. Rainwater and Silver Point's advisors regarding Alaska operations. Discuss status of Alaska sales process with J. Rainwater.
Leave a voicemail and send an email to J. O'Neil at Pachulski regarding monthly operating reports.
450.00 450.00
90.00 225.00
22 of 44
ZOlfO COOPER MANAGEMENT, LlC AND SCOTT W. WINN PACIFIC ENERGY RESOURCES LTD. TIME ENTRIES. MAY 2009
Matter
Professional
Kevin S. Tomossonle
Hourly
Date 5/21/2009
Code
Description
Rate 450.00
Hours 9.5
Charges
4,275.00 7,650.00
2,025.00 2,025.00 2.025.00 2,025.00
Prepare ordinary course and new value analyses as it relates to potential preference payments.
5/21/2009 Total
17.0
20 Travel long Beach to NY
5/22/2009 5/22/2009 Total 5/25/2009 5/25/2009 Total 5/26/2009
225.00
9.0 9.0
9.0
20
225.00
9.0
Print and review statements and schedules.
450.00 450.00
2.0 10.5
900.00 4,725.00
Prepare ordinary course and new value analyses as it relates to potential preference payments.
5/26/2009 Total
12.5
5,625.00
3,105.00 675.00 945.00
450.00 5.175.00
5/27/2009
Prepare scenario analyses for Silver Point Capital related to the Alaska operated properties.
Prepare a schedule of general unsecured claims and reconcile these amounts to the statements and
13
450.00 450.00 450.00 450.00
6.9
1.5 2.1
schedules filed April 28th 2009. Prepare for and participate in call with lenders
5/27/2009 Total
1.0 11.5
1.0
5/28/2009
Prepare a discussion agenda for upcoming call with debtor professionals. Prepare various scenario analvses related to the Alaska operated assets at the request of Silver Point's advisors.
Prepare for and participate in a conference call with debtor professionals. Prepare for and participate in a conference call with Silver Point's advisors. Print and review statements and schedules.
450.00 450.00 450.00 450.00 450.00
3.7
1.0 2.2 3.1 11.0
450.00 1,665.00 450.00 990.00 1.395.00 4,950.00

1,710.00 5.715.00 7,425.00
5/28/2009 Total
5/29/2009
5/29/2009 Total
Prepare preference analysis by vendor reflecting ordinary course history.
450.00 450.00
3.8 12.7 16.5
5/15/2009
Reconcile accounts and prepare monthly operating reports.

Prepare for and participate in call with Silver Point and their advisors.
Prepare PowerPoint slide for presentation to potential investors. Participate in call with D. Hall and Sliver Point and their advisors.
5/15/2009 Total
450.00 450.00 450.00 450.00
8.0 1.0 2.0

1.5
12.5
20 Travel long Beach to NY
3,600.00 450.00 900.00 675.00 5.625.00

2.025.00 2,025.00
270.00 2,025.00 2,295.00
5/16/2009
5/16/2009 Total
225.00
9.0 9.0 0.6
5/30/2009
5/.0/2009 Total
Kevin S, Tomossonie Total
5 20
Respond to counsel inquiries regarding preference analyses.

Travel long Beach to NY
450.00 225.00
9.0 9.6
265.4
103,230.00
___.__nn___"_'._,,__n _
._._--_._----_. .n._...._____._
Elizabeth S. Kardos
5/1/2009
5/1/2009 Total
11
Participated in call with ZC professionals re;arding ZC's final retention order.
425.00
1.0 1.0
425.00 425.00 127.50
5/19/2009
5/19/2009 Total
11 Participated in discussions with ZC professionals regarding biling and fee statement requirements.
425.00
0.'
0.'
425.00
0.5
127.50
212.50
5/21/2009
5/21/2009 Total
11 Reviewed fee statement and participated in discussions with ZC professionals regarding same.
0.5 1.8
212.50 765.00
337.50
............,,--,.. ...._............ . Elizabeth S. Kardos Total
laurie CapenNerry
5/1/2009
5/1/2009 Total
11
Work on revising order and preparing for filing. Retrieved filed amendment from Pacer and set up
engaRement fies. Sent and received emails on same.
225.00
1.5
1.5
11
337.50
112.50 112.50
5/4/2009
5/4/2009 Total
Prepared time descriPtions.
225.00
0.5 0.5 0.2 0.2 0.8
5/5/2009
5/5/2009 Total
11
Retrieved and provided documents for fee statement. and sent and received emails on same.
225.00
45.00 45.00
180.00
5/19/2009
5/19/2009 Total
5/2112009 5/21/2009 Total
11
Reviewed fee statement and provided additional information for fee statement, and sent and
225.00
received emails on same.

0.8
11 Reviewed revised fee statement and sent and received emails on same.
180.00
112.50 112.50
225.00
0.5 0.5 3.5
Laurie Capen.Verrv Total
787.50
Grand Total
830.3
368,434.75
23 of 44

PACIFIC ENERGY RESOURCES LTD.
SUMMARY OF TIME PER MATTER CODE
MAY 2009
MATTER 1 - ACCOUNTING I AUDITING
May 2009
Cumulative
Hours
$
Professional
Scott W. Winn Mark A. Cervi Kevin S. Tomossonie
Jesse C. DelConte
$
Rate
785.00 525.00 450.00 395.00 425.00 225.00
Hours
$
Value
Value
0.5 40.2
262.50 18,090.00
3.5 76.9 3.6
1,837.50 34,605.00 1,422.00
Elizabeth S. Kardos
Laurie Capen-Verry
40.7
18,352.50
84.0
37,864.50
24 of 44

SUMMARY OF TIME PER MATTER CODE MAY 2009

MATTER 2 - ASSET ANALYSIS AND RECOVERY
May 2009
Cumulative
Hours
1.5
$
Professional
Jesse C. DelConte
Rate
$
Hours
1.5 17.6 1.0
$
Value
Value
Elizabeth S. Kardos
Laurie Capen-Verry
785.00 525.00 450.00 395.00 425.00 225.00
0.4
1,177.50 9,240.00 450.00 158.00
17.6 1.0 0.4
1,177.50 9,240.00 450.00 158.00
20.5
11,025.50
20.5
11,025.50
25 of 44

MAY 2009
MATTER 3 - ASSET DISPOSITION
May 2009
Cumulative
Hours
56.6 40.1 50.5 5.4
$
Professional
Scott W. Winn Mark A. Cervi
Kevin S. Tomossonie
Jesse C. DelConte
Rate
$
Hours
Value
$
Value
Elizabeth S. Kardos Laurie Capen-Verry
785.00 525.00 450.00 395.00 425.00 225.00
37.7 15.0
1.5
29,594.50 7,875.00
592.50
44,431.00 21,052.50 22,725.00 2,133.00
54.2
38,062.00
152.6
90,341.50
26 of 44

MAY 2009
MATTER 4 - BUSINESS ANALYSIS
May 2009
Cumulative
Hours
68.0 132.8 90.5 290.8
$
Professional
Kevin S. Tomossonie
$
Rate
785.00 525.00 450.00 395.00 425.00 225.00
Hours
8.8 29.7 15.0 107.5
$
Value
Value
Jesse C. DelConte Elizabeth S. Kardos

Laurie Capen-Verry
6,908.00 15,592.50 6,750.00 42,462.50
53,380.00 69,720.00 40,725.00 114,866.00
161.0
71,713.00
582.1
$ 278,691.00
27 of 44

MAY 2009
MATTER S - BUSINESS OPERATIONS
May 2009
Cumulative
Hours
Value
$
Professional
Jesse C. DelConte
$
Rate 785.00 525.00 450.00 395.00 425.00 225.00
Hours
5.9 5.3 40.9 14.0
$
Value
4,631.50 2,782.50 18,405.00 5,530.00
136
91.8 117.5
71.
294.0
10,676.00 48,195.00 52,875.00 28,084.50
Elizabeth S. Kardos
Laurie Capen-Verry
66.1
31,349.00
$ 139,830.50
28 of 44

MAY 2009
MATTER 6 - CASE ADMINISTRATION
May 2009
Cumulative
Hours
41.9 106.9 90.5 76.6 1.2 0.3
$
Professional
Kevin S. Tomossonie Jesse C. DelConte
Rate
$
Hours
Value
$
Value
Elizabeth S. Kardos
Laurie Capen-Verry
785.00 525.00 450.00 395.00 425.00 225.00
24.4 24.4 22.2 7.3
19,154.00 12,810.00 9,990.00 2,883.50
32,891.50 56,122.50 40,725.00 30,257.00 510.00 67.50
78.3
44,837.50
317.4 $ 160,573.50
29 of 44

MAY 2009
MATTER 7 - CLAIMS ADMINISTRATION AND OBJECTIONS
May 2009
Cumulative
Hours
2.3
$
Professional
$
Rate
785.00 525.00 450.00 395.00 425.00 225.00
Hours
2.1
$
Value
Value
1,648.50
1,805.50
2.2
990.00
2.1
1,648.50
4.5
2,795.50
30 of 44

MAY 2009
MATTER 8 - CORPORATE FINANCE
May 2009
Cumulative
Hours
$
Professional
Jesse C. DelConte
$
Rate 785.00 525.00 450.00 395.00 425.00 225.00
Hours
$
Value
Value
Elizabeth S. Kardos
Laurie Capen-Verry
31 of 44

MAY 2009
MATTER 9 - DATA ANALYSIS
May 2009
Cumulative
Hours
0.6 3.7 60.2
$
Professional
Kevin S. Tomossonie
$
Rate
785.00 525.00 450.00 395.00 425.00 225.00
Hours
$
Value
Value
1.4 60.2
735.00 27,090.00
471.00 1,942.50 27,090.00

Laurie Capen-Verry
61.6
27,825.00
64.5
29,503.50
32 of 44

MAY 2009
MATTER 10 - EMPLOYEE BENEFITS I PENSIONS
May 2009
Cumulative
Professional
Rate
$
Hours
7.0 17.3 7.3 0.6
$
Value
Hours
11.4 17.8
7.3 1.9
$
Value
785.00 525.00 450.00 395.00 425.00 225.00
5,495.00 9,082.50 3,285.00 237.00
8,949.00 9,345.00 3,285.00 750.50
32.2
18,099.50
38.4
22,329.50
33 of 44

MAY 2009
MATTER 11- FEEl EMPLOYMENT APPLICATIONS
May 2009
Cumulative
Hours
7.7 15.0 10.5 29.8 13.3 15.9
$
Professional
$
Rate
785.00 525.00 450.00 395.00 425.00 225.00
Hours
Value
$
Value
1.
8.2 3.0 9.4 1.8 3.5

Laurie Capen-Verry
1,020.50 4,305.00 1,350.00 3,713.00 765.00 787.50
6,044.50 7,875.00 4,725.00 11,771.00 5,652.50 3,577.50
27.2
11,941.00
92.2
39,645.50
34 of 44

SUMMARY OF TIME PER MATTER CODE MAY 2009
MATTER 12 - FEE / EMPLOYMENT OBJECTIONS
May 2009
Cumulative
Hours
8.0 13.7
$
Professional
Kevin S. Tomossonie
$
Rate
Hours
$
Value
Value

Laurie Capen-Verry
785.00 525.00 450.00 395.00 425.00 225.00
6,280.00 7,192.50
21.7
13,472.50
35 of 44

MAY 2009
MATTER 13 - FINANCING
May 2009
Cumulative
Hours
8.0 26.1
$
Professional
Rate
$
Hours
2.1 8.7 3.6 33.3
$
Value
Value
785.00 525.00 450.00 395.00 425.00 225.00
1,648.50 4/567.50 1/620.00 13,153.50
6/280.00
13,702.0
4,995.00 26,544.00
11.
67.2
47.7
20,989.50
112.4
51,521.50
36 of 44

MAY 2009
MATTER 14 - LITIGATION CONSULTING
May 2009
Cumulative
Hours
$
Professional
$
Rate
785.00 525.00 450.00 395.00 425.00 225.00
Hours
$
Value
Value

Laurie Capen-Verry
37 of 44

MAY 2009
MATTER 1S - MEETINGS OF CREDITORS
May 2009
Cumulative
Hours
2.6
$
Professional
Kevin S. Tomossonie
Rate
$
Hours
$
Value
Value

Laurie Capen-Verry
785.00 525.00 450.00 395.00 425.00 225.00
2,041.00
2.6
2,041.00
38 of 44

MAY 2009
MATTER 16 - PLAN AND DISCLOSURE STATEMENT
May 2009
Cumulative
Hours
12.9 16.4
$
Professional
$
Rate
785.00 525.00 450.00 395.00 425.00 225.00
Hours
Value
$
Value
9.4 8.8
7,379.00 4,620.00
10,126.50 8,610.00
Elizabeth S. Kardos
Laurie Capen-Verry
18.2
11,999.00
29.3
18,736.50
39 of 44

MAY 2009
MATTER 17 - RECONSTRUCTION ACCOUNTING
May 2009
Cumulative
Hours
Professional
Kevin S. Tomossonie
S
Rate
785.00 525.00 450.00 395.00 425.00 225.00
Hours
S
Value'
Value

Laurie Capen-Verry
40 of 44

MAY 2009
MATTER 18 - RELIEF FROM STAY PROCEEDINGS
May 2009
Cumulative
Hours
3.3 2.2
$
Professional
Kevin S. Tomossonie
Rate
$
Hours
$
Value
Value

Laurie Capen-Verry
785.00 525.00 450.00 395.00 425.00 225.00
1.7
892.50
3,634.00
2,590.50 1,155.00 3,634.00
9.2
9.2
10.9
4,526.50
14.7
7,379.50
41
of
44

MAY 2009
MATTER 19 - TAX ISSUES
May 2009
Cumulative
Hours
2.7 2.6
1.1
$
Professional
$
Rate
785.00 525.00 450.00 395.00 425.00 225.00
Hours
1.1 1.1 1.1
$
Value
Value
863.50
57750
434.50
2,119.50 1,365.00
434.50
Elizabeth S. Kardos
Laurie Capen-Verry
3.3
1,875.50
6.4
3,919.00
42 of 44

MAY 2009
MATTER 20 - NON-WORKING TRAVEL
May 2009
Cumulative
Hours
112.5 21.0 207.0 191.3
$
Professional
Kevin S. Tomossonie
$
Rate
392.50 262.50 225.00 197.50 212.50 112.50
Hours
55.5
$
Value
Value
21,783.75 16,200.00 15,010.00

Laurie Capen-Verry
72.0 76.0
44,156.25 5,512.50 46,575.00 37,781.75
203.5
52,993.75
531.8 $ 134,025.50
43 of 44

MAY 2009
MATTER 21- VALUATION
May 2009
Cumulative
Hours
2.4 18.1 11.2 2.1
$
Professional
Kevin S. Tomossonie
$
Rate
785.00 525.00 450.00 395.00 425.00 225.00
Hours
$
Value
Value
0.7
2.1
367.50 829.50

Laurie Capen-Verry
1,884.00 9,502.50 5,040.00 829.50
2.8
1,197.00
33.8
17,256.00
44 of 44
IN THE UNITED STATES BANKRUPTCY COURT
In re: )
STATE OF DELAWARE )
) ss:
FOR THE DISTRICT OF DELA WARE

Chapter 11
) )
PACIFIC ENERGY RESOURCES LTD., et al., i )
Debtors. )
Case No. 09-10785 (KJC) (Jointly Administered)
AFFIDAVIT OF SERVICE
COUNTY OF NEW CASTLE )

Kathleen Forte Finlayson, being duly sworn according to law, deposes and says
that she is employed by the law firm of
Pachulski Stang Ziehl & Jones LLP, attorneys for the
Debtors in the above-captioned action, and that on the 2ih day of July, 2009 she caused a copy
of
the following document(s) to be served upon the paries on the attached service lists in the
manner indicated:
Notice of Monthly Fee Statement and Staffing Report for Zolfo Cooper Management, LLC for the Period May 1-31,2009
DEBR L. YOU
STAT~ ~ DELA
i. CO.. JW 11, 3t1
NOTARY pueue
i The Debtors in these cases, along with the last four digits of each of the Debtors' federal tax
identification number, are: Pacific Energy Resources Ltd. (3442); Petrocal Acquisition Corp. (6249); Pacific Energy Alaska Holdings, LLC (tax J.D. # not available); Cameros Acquisition Corp. (5866); Pacific Energy Alaska Operating LLC (7021); San Pedro Bay Pipeline Company (1234); Cameros the Debtors is 1 I i w. Energy, Inc. (9487); and Gotland Oil, Inc. (5463). The mailing address for all of
Ocean Boulevard, Suite 1240, Long Beach, CA 90802.
Pacific Energy Resources Ltd. Fee App Service List

Case No. 09-10785
Document No. 147432
Hand Delivery
(Counsel to Official Committee of
Unsecured
03 - Hand Delivery
06 - First Class Mail
Creditors) David B. Stratton, Esquire James C. Carignan, Esquire Pepper Hamilton LLP
Hercules Plaza, Suite 1500
01 - Interoffice Pouch
1313 Market Street Wilmington, DE 19899
(Counsel for Debtors) Laura Davis Jones, Esquire James E. O'Neil, Esquire Kathleen P. Makowski, Esquire Pachulski Stang Ziehl & Jones LLP 919 North Market Street, 17th Floor P.O. Box 8705 Wilmington, DE 19899-8705
First Class Mail (Debtors)

Mr. Gerry Tywoniuk Senior Vice President & CFO Pacific Energy Resources 111 We. Ocean Boulevard, Ste 1240 Long Beach, CA 90802
Interoffice Pouch to Los Angeles (Counsel for Debtors) Robert M. Saunders, Esquire Ira D. Kharasch, Esquire Scotta E. McFarland, Esquire Pachulski Stang Ziehl & Jones LLP
10100 Santa Monica Blvd., 11 th Floor
First Class Mail (Debtors)

Mr. Scott W. Winn Senior Managing Director Zolfo Cooper
1166 Sixth Avenue, 24th Floor
New York, NY 10026

(via First Class Mail) (The Fee Auditor) Warren H. Smith Warren H. Smith & Associates, P.C.
Republic Center
Los Angeles, CA 90067

Hand Delivery (United States Trustee) Joseph McMahon, Esquire the United States Trustee Office of J. Caleb Boggs Federal Building 844 North King Street, Suite 2207
Lockbox 35
325 N. St. Paul, Ste 1250
Dallas, Texas 75201 feeaudit(fwhsmithlaw.com
Wilmington, DE 19801
Hand Delivery (Copy Service)
Parcels, Inc.
Vito i. DiMaio 230 N. Market Street Wilmington, DE 19801
First Class Mail

(Counsel to Offcial Committee of
Unsecured
Creditors) Francis J. Lawall, Esquire Pepper Hamilton LLP 3000 Two Logan Square Eighteenth & Arch Streets Philadelphia, P A 19103
First Class Mail

(counsel to Official Committee of
Unsecured Creditors)
Filiberto Agusti, Esquire Steven Reed, Esquire Joshua Taylor, Esquire Steptoe & Johnson LLP 1330 Connecticut Avenue NW Washington, DC 20036
First Class Mail

Unsecured Creditors) (counsel to Official Committee of Robbin Itkin, Esquire Katherine Piper, Esquire Kelly Frazier, Esquire Steptoe & Johnson LLP 2121 Avenue of the Stars, 28th Floor Los Angeles, CA 90067
68773-001\DOCS_DE: 147432. 1

10000015436

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IN THE UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

PACIFIC ENERGY RESOURCES LTD., etal., i

Case No. 09-10785(KJC) (Jointly Administered)

lenders; (iii) counsel to the Offcial Committee of

(Remainder of Page Intentionally Left Blank)

Dated: July J.1 , 2009

PACHULSKI STANG ZIEHL & JONES LLP

La ra Davi ones (DE a o. 2436)

smcfarland~pszilaw.com rsaunders~pszilaw.com ioneil~pszilaw.com

Counsel for Debtors and Debtors in Possession.

~olfo C:ooper ~anagernent, LLC

May 31, 2009

Mr. Darren Katic

Zolfo C:0oper Management, LLC

Mr. Daren Katic President Pacific Energy Resources, Ltd.

Long Beach, CA 90802

PLEASE REMIT TO OUR NEW JERSEY OFFICE

INOICE NO. 9500135

Chapter 11 for the month ended May 31,2009.

Total Curent Fees:

Wire Transfer Instctions:

Zolfo Cooper Management, LLC

ABA# 031207607 Acct# 8036595751

ZOLFO COOPER MANAGEMENT, LLC AND SCOTT W. WINN

activities among Debtors' professionals.

Assist in the revision of the schedules to the

prepare various financial analyses quantifying the

required in the DIP agreement. Assist the Company in

ZOLFO COOPER MANAGEMENT, LLC AND SCOTT W. WINN

FOR THE PERIOD FROM MAY 1, 2009 THROUGH MAY 31,2009

SUMMARY OF SERVICES BY PROFESSIONAL

Senior Managing Director

425.00 212.50 525.00 262.50 450.00 225.00 395.00 197.50

87,030.00 16,200,00 73,628,00 15,010,00

ZOLFO COOPER MANAGEMENT, LLC AND SCOTT W. WINN

SUMMARY OF SERVICES BY PARA-PROFESSIONAL

SUMMARY OF EXPENSES AND OTHER CHARGES

38,470.70 2,784.07 1,073.82 15.30 1.60

ZOLFO COOPER MANAGEMENT, LLC AND SCOTT W. WINN

SUMMARY OF SERVICES BY BILLNG MATTER

61.6 32.2 27.2 47.7 18.2

Employee Benefits / Pensions Fee / Employment Applications Financing

Relief from Stay Proceedings

ZOLFO COOPER MANAGEMENT, LLC AND SCOTT W. WINN

SUMMARY OF EXPENSES BY PROFESSIONAL

ZOLFO COOPER MANAGEMENT, LLC AND SCOTT W. WINN

Air Transportation Ground Transportation Ground Transportation

Hotel Charges Hotel Charges

Telephone Telephone Hotel Charges

Total Expenses - Scott Winn (May 2009)

ZOLFO COOPER MANAGEMENT, LLC AND SCOTT W. WINN

Postage & Courier

Total Expenses - Mark Cervi (May 2009)

ZOLFO COOPER MANAGEMENT, LLC AND SCOTT W. WINN

121.20 115.20 196.11

Telephone Hotel Charges

ZOLFO COOPER MANAGEMENT, LLC AND SCOTT W. WINN

FOR THE PERIOD FROM MAY 1, 2009 THROUGH MAY 31,2009

Telephone Hotel Charges

Total Expenses - Kevin Tomossonie (May 2009)

ZOLFO COOPER MANAGEMENT, LLC AND SCOTT W. WINN

Hotel Charges Telephone Hotel Charges