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To: Ed Ajootian who wrote (111)	4/1/1999 8:43:00 AM
From: Casey	Read Replies (1) \| Respond to of 272

Ed: <<The debt structure is presently complicated but soon will be simplified. The biggest debt issue out are $36 mm of convertible bonds, previously mentioned here. >> Would these by any chance be floorless convertibles?

To: Ed Ajootian who wrote (111)	4/1/1999 9:50:00 AM
From: Casey	Read Replies (1) \| Respond to of 272

Ed: <<I got the 30,000 mcfd figure as follows: 1) Current production other than at Oakvale Dome = 5,000 mcfd Oakvale Dome wells: 2) Byrd well, 10,000 mcfd x 55% w.i. = 5,500 3) Howell well, 15,000 mcfd x 64% w.i. = 9,600 4) Fortenberry well (yet to be logged), 15,000 x 70%= 10,500 _______ Total production, rounded down for conservativism 30,000 mcfd >> Does this take into account declines? What are the decline rates that they are experiencing?