Devon and Panaco

FYI...

I just wanted to let you know that I have been working with the settlements
group in order to put approx. $800,000.00 into the Central and East desk
books for Devon penalties that have been incurred over the last year.
Settlements should be talking with the Risk group in order to get this done
soon. We are also working to determine the Pipeline cash out as a result of
Panaco's imbalance over the last year. After talking with legal it appears
that we do have remedy to recoup cash out from Panaco. I'll keep you informed
when I have more information. If you have any questions please let me know.

Mark