GRANT THORNTON May 2, 2003 Mr. John E. McConnaughy, Jr. Audit Committee Chair for Fortune Natural Resources Corporation c/o JEMC Corporation #3 Parklands Drive Darien, CT 06820 Dear Mr. McConnaughy, Jr. This is to confirm that the client-auditor relationship between Fortune Natural Resources Corporation (Commission File No. 1-12334) and Grant Thornton LLP has ceased. Very truly yours, /s/ Grant Thornton LLP - ----------------------------- Grant Thornton LLP Cc: Office of the Chief Accountant SECPS Letter File Securities and Exchange Commission Mail Stop 11-3 450 Fifth Street, NW Washington, D.C. 20549 Mr. Tyrone J. Fairbanks Chief Executive Officer Fortune Natural Resources Corporation 515 W. Greens Road, Suite 720 Houston, Texas 77067 2700 Three Allen Center 333 Clay Street Houston, TX 77002 T 832.476.3600 F 713.655.8741 W www.grantthornton.com