• I. JUL 1 1995 4E7 COMDEC June 28, 1985 Mr. John Milem Executive Vice President - Administration Sedco Forex 1901 North Akard/Street Dallas, Texas -75201 Dear John: Condec Corporation 233 South Wacker Dr. 9600 Sears Tower Chicago, IL 60606 (312) 876-1724 Th letter will confirm the conversation which Kevin Moore and I d with you and Governor Clemens on June 26 and the further conve ation which Kevin Moore and I had with you on June 27. Po .o roducing has filed a registration statement on Form S-3 a 'rig to the sale in an underwriters public offering of the 4,805,525 shares of Pogo owned by Northwest Industries. We understand that pursuant to an oral agreement between Northwest and Sedco, Sedco has a right of first refusal to buy the 40 Pogo shares owned by Northwest. We informed you on June 26 of the proposed sale and asked that you notify us on or prior to July 9, r NAA 0 1985 whether or not you intended to exercise that right. If there is any information we can give you which would be useful, please don't hesitate to6a1l either Kevin Moore or myself. While we would appreciate hearing from you one way or another, if we have not heard from you by July 9, we will assume that you do not wish to exercise your right of first refusal. Best regards, Sincerely, NORTHWEST INDUSTRIES, INC. oft e so.14 eiott 4 oh pi -/Dat Avo 641 --MA • : cc: Kevin Moore Herbert S. Wander ()r Richard M. Cion Vice President-Financial arki Legal Affairs An Affiliate of Farley Industries