Status Update

Ken-

I finally talked to Gerald live a few minutes ago. We've been trading
calls. He requested that you write up what you want to say in a "letter of
intent" and forward it to him for his review, comments and inclusion of the
non-binding clause. As for the sample Gas Processing Contract, he has to
check and see if we can release Enron's contract to you for use by Crescendo.

Let me know if you have any questions.

Regards,

Audrey