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<br />. <br /> <br />. <br /> <br />('0 <br /> <br />'~. 2.2 ANTICIPATED JUNE EVENTS <br /> <br />:.... <br /> <br />'I"~ <br /> <br />c <br /> <br />On June 6, Governor Matheson of Utah will receive an update on project <br />activities. <br /> <br />r , <br />"'". <br /> <br />3.0 SUBTEAM: CDAL MARKET/COAL SUPPLY <br />3.1 MAY EVENTS <br /> <br />A representative of the Japanese Coal Development Corporation was briefed <br />on AQUATRAIN on May 17. He expressed interest in the technical aspects <br />of the project and requested an inspection of the Arthur D. Little C02 <br />slurry pilot plant. <br /> <br />A representative of Consolidation Coal Company was briefed on project <br />status on May 15. <br /> <br />3.2 ANTICIPATED JUNE EVENTS <br /> <br />The Rocky Mountain Coal Mining Institute Convention to be held June 24-26 <br />in Vail, Colorado, will be attended by Barrett, Clinton, Greenwood, and <br />Johnson. <br /> <br />4.0 SUBTEAM: FINANCIAL/ECONOMIC <br />4.1 MAY EVENTS <br /> <br />International Engineering Company has submitted a proposal to formalize <br />business relations with AQUATRAIN, and this proposal is being considered. <br /> <br />4.2 ANTICIPATED JUNE EVENTS <br /> <br />A financial package will be prepared later this year for use in obtaining <br />venture capital. <br /> <br />5.0 SUBTEAM: TECHNICAL/ENGINEERING (Johnson) <br />5.1 MAY EVENTS <br /> <br />Work progressed on refining a conceptual engineering package for <br />AQUATRAIN I which will be used as a basis for a financi al proposal to be <br />presented to potential investors. The target date for completion of the <br />financial proposal is the fourth quarter of 19B4. <br /> <br />2 <br />