RMS

Fred:
Enclosed is a revised draft of the letter agreement. Two points for you:

1. They want to roll over to next month the net payment that they will owe us
for the month of March. Are you okay with this?

2. They wanted to make it clear that their obligation to deliver barrells to
us was only an amount equal to the amount that they own or control, even if
that amount is less than the amount shown on the schedule or oin the Purchase
Agreement. In other words, they have no obligation to make up the
difference. Asr you okay ith this. Alos, he told me to delete the "Amoco"
language since that lease was no longer part of the deal.

Let me know what you think.

carol