Time Oil Co.

CURRENT NEWS

Upcoming Events & Activity:

	December 7, 2005: The photo below, taken early on the morning of December 6th, reflects the portion of the first demolished tank (to the left of the tanks labeled "TIME OIL".) Photo courtesy of Chuck Softich After accumulating from one to fourteen tanks between 1939 and when the Seattle Terminal closed in 1999, the first petroleum storage tank was demolished on Monday, December 5, 2005. The reason for removing the tanks, at this time, is due to the very high price of commodity steel. The sale of the steel in the tanks will significantly defray the cost of their removal. Pictured below, standing in front of the first tank to be sheared and demolished are:
	Mary Makinen - who has been with Time Oil since 1963... Photo courtesy of Chuck Softich
	Linda Whitehead - who has been with Time Oil since 1975, and
	Jim Marden - who has been with us since 1987... Photo courtesy of Chuck Softich
	Overseeing the project, are Mark Chandler, Environmental Specialist and Chuck Softich, Retail Maintenance & Operations Specialist. Pictured below are: (left) Steve Wishard, Engineering Consultant with Norwest Engineering; and Mark Chandler, Time Oil Co. Photo courtesy of Chuck Softich
	November 2005: Sometime in late November to early December, we will be demolishing and removing 14 decommissioned, above ground petroleum tanks, located at 2737 W. Commodore Way. The total capacity of these tanks, when filled, was around 182,000 barrels (which is equivalent to 7,664,000 gallons). The 14 tanks were decommissioned in December 2002, when we closed our terminal operations, and have not been used since. Time Oil is no longer in the petroleum terminaling and storage business and there is no longer petroleum or other liquid products stored in the tanks or in their associated plumbing. There are no known environmental hazards involved in the removal process. The reason for removing the tanks, at this time, is due to the very high price of commodity steel. The sale of the steel in the tanks will significantly defray the cost of their removal. Watch here for updates as we go along.

People News:

October 2005: Gail Esterbrook
Gail Esterbrook has been selected to fill the position of Transaction Processor/File Clerk in Corporate Accounting. In this position, Gail is primarily responsible for Accounts Payable, Rent Receivable and filing, and serves as backup on Accounts Receivable matters. She will also be entering some fuel invoices and serving as backup on occasion in the Accounts Payable department.

Gail has been with Time Oil Co. off and on as a temporary worker from 1999 until 2003. At that time, she interviewed for and was hired (as an employee) into her most recent position in October 2003.

Celebrations:

	September 2005: Seattle, Joseph Bayne - PDI Administrator - celebrates 3 years with Time Oil. During these 3 years, Joseph has worked as a Territory Marketing Consultant until 2004 when he was selected to fill his current position.
	June 2005: Seattle, John Sandhop - Engineering/Real Estate & Property department - celebrates 30 years with Time Oil. Congratulations, John, on your many years of service.
	June 30, 2005: Seattle, Glen Showalter Retires - After sixteen years of service � Glen Showalter ("Mr. Special Projects") is taking (early) retirement! Glen's education and experience in both computer science and accounting have served Time Oil well during his tenure. Over the years, Glen managed the former Service Station Accounting group, played a part in many technology initiatives, the implementation of CODA, and PDI. As many employees can attest, Glen has always taken the time to show fellow employees tips on using Windows, Impromptu, Zavanta, and PD/RMS. His working knowledge of the business and programming has also helped to resolve some PD/RMS issues.
	April 2005: Seattle, and Northwest WashingtonLen Lafitte - Territory Marketing Consultant - celebrates 1 year with Time Oil. Congratulations, Len, it's been a very busy first year for you!