Ann: Noteholder Notice of Meeting, page-102

Agree with what you've said here. I was disappointed when the deal was announced that it was not all cash. On top of that they pressed ahead with the buy backs further reducing the cash pile on hand. Risky actions for a company with no real income from production and bills to pay. It's fate was tied to the distributions from the Breitburn shares which they have no control over and has now been stopped. Risk management has been poor which is why we're in this predicament.