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Flatsixer

09/24/08 5:39 PM

#2132 RE: Flatsixer #2122

In fact, the attorney's fees have been negotiated downward as a result of the settlements with Hallwood and Quicksilver.

The original fee was 33% but Blast management has gotten a concession from the attorneys that the ENTIRE fees for all of the settlements are to be set at 28%. Subject to Court approval...but that shouldn't be a problem considering the wider picture.

These fees will be paid on a percentage pro rata basis over the next 24mos as those extended settlement payments are made by Hallwood and Quicksilver.

Flatsixer