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p C <br /> / O <br /> it <br /> ic * <br /> lgg6 <br /> GALE A. NORTON STATE OF COLORADO STATE SERVICES BUILDING <br /> Attorney General 1525 Sherman Street-5th Floor <br /> DEPARTMENT OF LAW Denver, Colorado 80203 <br /> STEPHEN K. ERKENBRACK Phone (303) 8664500 <br /> Chief Deputy Attorney General OFFICE OF THE ATTORNEY GENERAL FAX (303) 866-5691 <br /> TIMOTHY M. TYMKOVICH <br /> Solicitor General <br /> July 30, 1996 <br /> James B. Holden <br /> Holden & Jessop, P. C. <br /> 303 E. 17th Ave. , Suite 930 <br /> Denver, Colorado 80203-1264 <br /> RE : Mid-Continent Resources <br /> Dear Jim: <br /> I have received the April and July 1996 accounting reports <br /> from the Creditors' Trustee . In the April accounting, Mr. <br /> LaGiglia reported that he was reserving over $663 , 000 . The <br /> amounts were reserved on the basis of the M&E dispute, <br /> environmental sales, Minerals Management Service, and a pending <br /> lawsuit regarding the Beckett land exchange. <br /> It appears from the July report that the pending Beckett <br /> lawsuit has been resolved. For my own information, please advice <br /> about the basis of this lawsuit and its disposition. Also, I had <br /> heard that the M&E dispute had been resolved. If so, why is the <br /> trustee still reserving $155, 600 based on this dispute? Please <br /> let me know if the M&E dispute is still on going. I have also <br /> heard from Steve Renner that M&E and Mid-Continent have entered a <br /> new contract outside of the one approved by the bankruptcy court . <br /> Please confirm whether this is true. If it is., I would <br /> appreciate receiving a copy of the contract . <br /> On the trustee' s accountings there are amounts reserved <br /> under the headings of "Environmental/Sales/Admin" and Minerals <br /> Management Service . Please advise on what is covered by these <br /> amounts . Along these lines, I know that Mid-Continent intends to <br /> do an environmental audit of the facilities area. When will this <br /> audit be conducted and out of which funds will the costs be paid? <br /> I have also noticed in the trustee' s accounting reports that <br /> Pitkin Iron continues to get paid thousands of dollars . What <br /> work is Pitkin Iron performing on behalf of Mid-Continent? <br /> In the past year or so, I have raised to you two concerns <br /> the Division has about the trustee' s accounting. The first <br />