Three months ended September 30, 2004

Parent

Guarantor

Non-Guarantor

(In thousands)

Company

Subsidiaries

Subsidiaries

Eliminations

Consolidated

Cash flows from operating activities:

   Net (loss) income

$ (53,750)

$ (34,532)

$   9,605 

$   24,927 

$  (53,750)

   Reconciliation of net (loss) income

      to net cash (used in) provided by

      operating activities:

          Net change in operating assets

             and liabilities

(40,264)

(14,144)

39,004 

(1,421)

(16,825)

          Depreciation, depletion and

             amortization

2,205 

2,903 

132 

-      

5,240 

             assets

-      

55,077 

-      

-      

55,077 

          Change in deferred loss on

             hedging activities, net of tax

778 

-      

-      

-      

778 

          Equity earnings in

             unconsolidated affiliates

41,596 

(1,198)

(8,045)

(41,005)

(8,652)

          Deferred income taxes and

             other

     2,575  

  (20,269 )

     1,990  

    17,499  

        1,795  

Net cash (used in) provided by

   operating activities

 (46,860 )

  (12,163 )

   42,686  

        -       

    (16,337 )

Cash flows from investing activities:

   Purchases of property, plant and

      equipment

29 

(612)

(956)

-      

(1,539)

   Proceeds from sale of assets

35 

-      

15 

-      

50 

   Other

       -        

         495  

            5  

        -       

           500  

Net cash provided by (used in)

   investing activities

         64  

       (117 )

       (936 )

        -       

         (989 )

Cash flows from financing activities:

   Debt proceeds

162,080 

-      

-      

-      

162,080 

   Debt payments

(151,533)

-      

-      

-      

(151,533)

   Financing fees

(4,006)

-      

-      

-      

(4,006)

   Net change in affiliate notes

    29,472    

    12,280  

  (41,752 )

        -       

          -       

Net cash provided by (used in)

   financing activities

    36,013    

    12,280  

  (41,752 )

        -       

       6,541  

Net decrease in cash and cash

   equivalents

(10,783)

-      

(2)

-      

(10,785)

Cash and cash equivalents -

   beginning of period

    22,389  

             1  

           17  

        -       

     22,407  

Cash and cash equivalents -

   end of period

$ 11,606  

$           1  

$         15  

$      -       

$   11,622