[Letterhead of Andersen]
Barbier Frinault & Associes SA
92576 Neuilly-sur-Seine Cedex
Telephone +33 (0) 1 55 61 00 00
Telecopie +33 (0) 1 55 61 05 05
To the Members
of the GIE Mar Profundo Girassol:
We have audited the accompanying balance sheet of Mar Profundo Girassol as of December 31, 2000 and the
related statements of income and cash flows for the year then ended, all expressed in French Francs. These
financial statements are the responsibility of management. Our responsibility is to express an opinion on this
financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally accepted in France and in the United
States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free of material misstatement. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by management, as well as evaluating the
overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial
position of Mar Profundo Girassol as of December 31, 2000, and the results of its operations and its cash flows
for the year then ended in conformity with generally accepted accounting principles in France.
Accounting practices used by the company in preparing the accompanying financial statements conform with
accounting principles generally accepted in France, but do not conform with accounting principles generally
accepted in the United States of America ("U.S. GAAP"). A description of these differences and a complete
reconciliation of net income to U.S. GAAP is set forth in Note VIII.
April 6, 20