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To: Chuck Rubin who wrote (284)	5/25/1999 4:32:00 PM
From: Syncrude	Respond to of 517

Chuck, The release is known to those that have an interest in this company. The rest of the investment community out there could not care less at this point. You are aware, I imagine, of the hundreds upon hundreds of press releases issued each day. Three formal press releases were issued early this year when one would have sufficed. In any case, it did no good. The release of today presented a conceptual outline for the foundation of a possible business. There remain many more steps before this outline takes shape, and even then we don't know yet if it will succeed. At least there was no talk of millions of dollars in profits as some past, old press releases stated. Many people were burned by the past hype and I would hope that we will not see too much new hype starting up. Credibility has been shot in the past, and as you know, once shot, it takes a lot to win it back. So far, the direction is good, but the wind is weak. This is normal. Letters of intent, verbal agreements, negotiations, etc take time and money. Speaking of money, I doubt that the coffers are full....