chairman's address, page-13

It looks like Evergreen and WPG don't agree on some points.From an announcement by EVEI 15 hours ago.


"Evergreen Energy Inc. EVEI provided an update on its joint venture with WPG Resources (ASX: WPG), Southern Coal Holdings (SCH), owned equally by Evergreen and WPG. During the past two weeks, WPG has been conducting additional due diligence regarding the K-Fuel® technology and the SCH structure and has identified certain issues in its press release issued December 8, 2011. Evergreen disagrees with WPG’s characterization of these issues as they pertain to Evergreen’s rights to the technology and ownership of SCH. Evergreen is working to address these issues with WPG in order to advance the development of SCH.

Judy Tanselle, Evergreen’s President, stated: “WPG continues to express its interest in pursuing the SCH joint venture with Evergreen while assessing the impact of recent Evergreen developments. Our team has been working closely with the WPG delegation in Denver to cooperatively resolve the identified issues. We will provide updates on our progress as appropriate.” "