Subject: Legal Risks Memo
From: [email-masked]
To: [email-masked]
Cc: [email-masked], [email-masked]
Date: Fri, 23 Mar 2001 03:02:00 -0800 (PST)

Mark:
Attached for your information is a memorandum outlining the potential legal 
risks associated with the Purchase/Sale Agreements and associated Swap 
Agreements among ERAC and Seminole Transportation & Gathering, Inc.  and 
Seminole Canada Energy Company.  The transactions with the Canadian entity 
have been executed and we are working towards closing the transactions with 
the U.S. entity within the next week.  Please call if you have any questions.

Mike
EB3847
(713) 853-6667 DID
(713) 646-4842 FAX