Officer and Director Changes

I am preparing for Mike Burke's signature resignation notices that provide
for his resignation as an officer of various EOTT entities. Mary Ellen
Coombe has advised me that Mike will also be resigning from EOTT's Board of
Directors, so his resignation notice for EOTT Energy Corp. will provide that
he is resigning as a director and as President and Chief Executive Officer of
EOTT Energy Corp.

Mike's resignation from EOTT's Board of Directors creates a vacancy on the
Board. We have two (2) options. EOTT's Board of Directors can either (a)
appoint someone to fill Mike's unexpired term or (b) reduce the number of
directors to six. I will be preparing a unanimous consent for the EOTT
Board to sign which provides for the designation of Stan as Chief Executive
Officer and the election of Dana as President and Chief Operating Officer.
If possible, I would like to cover the issue of the vacancy on the EOTT
Board in the same unanimous consent.

Please give me your thoughts on this "vacancy issue."