Brookfield Oaktree Holdings, LLC — Director's Dealing 2007

Aug 18, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CRIMSON EXPLORATION INC. (CXPO.OB)
CIK: 0000813779
Period of Report: 2007-08-15

Reporting Person: OCM GW Holdings, LLC (10% Owner)
Reporting Person: OCM PRINCIPAL OPPORTUNITIES FUN III L P (10% Owner)
Reporting Person: OCM Principal Opportunities Fund III GP, LLC (10% Owner)
Reporting Person: OAKTREE FUND GP I, L.P. (10% Owner)
Reporting Person: Oaktree Capital I, L.P. (10% Owner)
Reporting Person: OAKTREE HOLDINGS I, LLC (10% Owner)
Reporting Person: OAKTREE HOLDINGS, LLC (10% Owner)
Reporting Person: Oaktree Capital Group, LLC (10% Owner)
Reporting Person: Oaktree Capital Group Holdings, L.P. (10% Owner)
Reporting Person: Oaktree Capital Group Holdings GP, LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-08-15	Common Stock	P	750000	$6.97	Acquired	1988486	Direct

Footnotes

F1: OCM GW Holdings, LLC ("OCM GW") directly owns 1,988,486 shares of the common stock, par value $0.001 per share (the "Common
Stock"), of Crimson Exploration Inc. (the "Issuer"). This Form 4 is also being filed by: (i) OCM Principal Opportunities
Fund III, L.P. ("POF III"), in its capacity as the managing member of OCM GW and, therefore, has investment and voting
control over the Common Stock held by OCM GW; (ii) OCM Principal Opportunities Fund III GP, LLC ("POF III GP"), in its
capacity as the general partner of POF III, (iii) Oaktree Fund GP I, L.P. ("GP I"), in its capacity as the managing member
of POF III GP; (iv) Oaktree Capital I, L.P. ("Capital I"), in its capacity as the general partner of GP I; (v) OCM Holdings
I, LLC ("Holdings I"), in its capacity as the general partner of Capital I.

F2: This Form 4 is also being filed by: (i) Oaktree Holdings, LLC ("Holdings"), in its capacity as the managing member of
Holdings I; (ii) Oaktree Capital Group, LLC ("OCG"), in its capacity as the managing member of Holdings; (iii) Oaktree
Capital Group Holdings, L.P. ("OCGH"), in its capacity as the holder of a majority of the voting units of OCG; and (iv)
Oaktree Capital Group Holdings GP, LLC ("OCGH GP", and together with OCM GW, POF III, POF III GP, GP I, Capital I, Holdings
I, Holdings, OCG and OCGH, each a "Reporting Person" and collectively, the "Reporting Persons") in its capacity as the
general partner of OCGH. Information with respect to each Reporting Person is given solely by such Reporting Person, and no
such Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting
Person.

F3: Each Reporting Person disclaims beneficial ownership of all Common Stock reported herein except to the extent of their
respective pecuniary interest therein and the filing of this Form 4 shall not be construed as an admission that any such
Reporting Person is the beneficial owner of any Common Stock covered by this Form 4.

F4: OCGH GP is a limited liability company managed by an executive committee, the members of which are Howard S. Marks, Bruce A.
Karsh, Sheldon M. Stone, D. Richard Masson, Larry W. Keele, Stephen A. Kaplan, John B. Frank, David M. Kirchheimer and Kevin
L. Clayton (each, an "OCGH GP Member" and collectively, the "OCGH GP Members"). In such capacity, the OCGH GP Members may
be deemed indirect beneficial owners of the Common Stock reported herein. Except to the extent of their respective
pecuniary interest, each OCGH GP Member disclaims beneficial ownership of the Common Stock reported herein and the filing of
this Form 4 shall not be construed as an admission that any such person is the beneficial owner of any Common Stock covered
by this Form 4.