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AUG 24 193 16:21 TO: 303 832 8106 P02 <br /> OFFICE OF ORNEIAL COUNCIL <br /> MID.CoNtINENT RESOURCES, INC. <br /> P.O.DRAVOL 7W <br /> 616 COLORADO AVENUE <br /> TELEPHONE GLENWOOD SMNOS,coLORADO 61602 PAX <br /> AREA CODE 301 AREA CODE 303 <br /> %j_6 6 945•Z303 <br /> August 24, 1993 <br /> Mr. Steven G. Renner <br /> Mined Land Reclamation Division <br /> 1313 Sherman Street, Suite 215 <br /> Denver, Co 80203 <br /> Re: Coal Basin Reclamation <br /> Dear Mr. Renner: <br /> Supplementing my letter fax to you yesterday, I enclose <br /> summary financial sheets prepared by Lou LaGiglia showing the <br /> current financial situation of Mid-Continent Resources, related to <br /> reclamation. <br /> As you will note, it is apparent that there is an acute <br /> cash flow problem attributable largely to less than expected <br /> machinery sales. <br /> You will also note that authorization for required <br /> expenditures by the Bankruptcy Court has not been processed or <br /> approved for continuation of the reclamation program for the rest <br /> of this season. <br /> Thus, a plan must be devised promptly that will be <br /> acceptable to Sanwa and to the Creditors Committee if reclamation <br /> is to continue. <br /> Sincerely, <br /> MID-CONTINENT RESOURCES, INC. <br /> By <br /> Robert Delaney <br /> Exec. Vice Presi and <br /> General Co sel <br /> RD/lta <br /> cc: Mr. Jim Holden <br />