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Just got off our regular group BD call. Aside from Freddie Mac/Third Point there are two others that are making some progress.

One, the Romania project. Karen T. introduced two people to Caryn S. who are interested and they are traveling to Romania next week to look at the asset and have been in the data room. Real interest if they are getting on plane. Caryn S. is going over with them. Also, SOCAR (the Azeri National Oil Company) is interested and may go over to Romania as well when Caryn is there. So, hopefully one of them will be interested. Not sure if Devon told you that Burisma isn’t interested.

Two, one of the original oil and gas projects Caryn brought from Solebury is back on the front burner. Caryn has an interested party and they did a call today. Could be $14m (our agreement is 4%) towards a $100m project.

Mike Mathis also has an interesting PE company that Rome Aloise is interested in.


Eric D. Schwerin
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
eschwerin@rosemontseneca.com <x-msg://59/eschwerin@obblaw.com>
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