Seawest Company
1455 Frazee Road, Ninth Floor
San Diego, CA 92108-4310
From: Jsghilardi

Date: Tue, 19 May 1998 17:27:32 EDT

Mr. Rod Welch
The Welch Company
440 Davis Court #1602
San Francisco, CA  94111 2496

Subject:  Notification of Change in Employment Status
                (i.e. I have been fired by SeaWest)

This is to let you know that on Friday 15 May 1998, I was notified by Chuck Davenport and Jan Paulin that my employment with SeaWest was being terminated. It is my hope that I will be able to continue to support the people and the projects that I have been associated with over the last 10 years here while at SeaWest.

While I am generally open to new experiences, being fired has never been on the list of things that I wanted to do. However, I am now looking forward to the pursuit of new career oportunities which might otherwise not have been available.

For the near term, I hope to continue to support the development of the projects in Spain. However, I am also interested in working to enchance the value of existing projects as well as create new energy development opportunities.

If you have any questions regarding my current status, please feel free to contact me.


Project Development

Mr. Jeffery S. Ghilardi
Vice President