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AGO NAT. RES. SECTION Fax:3038663558 Mar 17 '98 14:39 P.02 <br /> 1i4R-17-9A 10::25 FROM:DELAKEY 8 BALCOMI9 <br /> TD:87rb9458@@2 FACE 2/$ <br /> D=•A-Nzy & BAT..CdM, p.C. <br /> a �o x A,w <br /> ,1orW A.T"uUW" axis cow..oudwo Av=;U..E. <br /> OF CO. : <br /> soorr 0^-�w.4 G1E1Ooo SrWLN , COI�a O $I go'u� ROOERr DWAUEY <br /> LAWRwocc ft. aamm FCi7 ET!1$�LGGMa <br /> TH611-A.'!iyuL--xm <br /> tom a- M. M&TrwncFLc TPfep1'm& a7o—w6-aw <br /> EQW^ e Cov.�,Q i y <br /> OAVM SAf� Fatsfrrdle: 970,945,8902 <br /> Cfwwn <br /> o�.+cr ta, Hams <br /> March 17,IM <br /> Chard 1L Undan,,Esgxure <br /> As4sbmt Attomey Ceneml <br /> h3attn-4 Rao=ft Section <br /> M5 Sherman Suet,jr&Floor <br /> diver,Co sQ2m8 <br /> re- Ci»mn'rs Pit;d"COunt y a.Mid-Continent Resources Inc.,et 4L,t7 Colarada <br /> Pt & Resources. Division of zneruls &Geology,C:�No.97 <br /> CV 131-3,DlsUla COUrt,Fiddm County,Colorado. <br /> Dear Ms.Linden_ <br /> This will acknowledge rec',elptofyour f mdktter of March16,1998 c oncem ingthereport <br /> the Creditors'Trustee dated Feb7n,Gar 23,1998 and the areservee ftmds men dw9d thereh.0 <br /> accouniin OM.42 is as the report states, a coming-Cy reserve consig with prudent <br /> $P�ces- The adntimstrat on of all MCR liquidatLorL proceeds is entirely within khe <br /> xeary sutIiority of the C ditors'Trustee DMG is not enti@ed to these contingency m the <br /> under the ter�zts of the liquidation it <br /> pla . <br /> tds <br /> As you znustreab=by now from theht igatiM the scope of DMG's proposed reiclamatkm <br /> work is siVificandY in emms of both the perntitbond and the 1991 mica-ta=bond review.Further, <br /> without cor;,cedtiLg the CorrectRess of the proposed world,DMG's fwnds on hand are sufCient for <br /> P"ected 1998 r8C1a7anation work 1?inedy,these funds,wabke those held by DMG,are mvested so <br /> that they yield Inftrest mtum. <br /> Very truly yours, <br /> BY <br /> Edward Mull►A)r_ <br /> EM:ab <br />