Continental Power

Mike,

I have attached 2 files below. The file entitled "Continental Power
Assessment.doc" is the assessment that I had during my eight week stay in
London. The file has 2 pages, the first being a summary and the second is
more detailed. I may not have given you a copy as you were on vacation
during my last week. I did have lunch with Fernley at which time I
communicated these concerns and future projects. Also, I met with James New,
Paul Mead, and Gregor Baumerich on an individual basis and delivered the same
document. Lastly, I left a copy for Joe Gold as he was out of the office.

After reading your e-mail to Sally, I composed the second file entitled
"Continental Power Summary.doc." This file is a summarized, one-page list of
issues with which you, Joe, and I are concerned (as well as Sally and Fernley
of course). The arrows below each section points out the potential risk that
we are really talking about.

I am on vacation Friday, June 22 and the week of June 26. Sally mentioned
that you are in Houston July 5 - 7. Let's meet to further discuss these
issues and so that I may inform you about what continued work is in progress
for Continental Power.

Thanks,

Todd