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<<I understand your discretion. Without naming who can you answer a few questions?

So this company in the Powder River Basin - are they stepping up activity significantly lately? >>

Sorry, can't say.

<< Hiring more workers,>> yes
<< investing in new technology equipment>> no
<< or adding to their production capacity?>> Can't say

<< Are they Colorado owned?>> No

<< How closely tied to the price of natural gas is their profit margin? (i.e. if gas drops, winter is mild will all these royalties &
ROW's cut deeply in to their profits?)>> Can't say.

Unfortunately, they believe if the information gets out, it will adversely impact their competetive advantage. If I answered either way where I said "Can't say," it could lead to conclusions they don't wish to be public yet. I'll be glad to fill you in on what's going on as soon as they release us from the confidentiallity agreement.

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