Coopers Coopers & Lybrand L.L.P. & Lybrand [logo] a professional services firm 200 South Biscayne Boulevard telephone (305) 375-7400 Suite 1900 Miami, Florida 33131 facsimile (305) 375-6221 March 27, 1998 United States Securities and Exchange Commission 450 Fifth Street, Northwest Washington, D.C. 20549 RE: XCL Ltd. ("Registrant") To: The Securities and Exchange Commission The Registrant has not provided the evaluation of oil and gas reserves required to complete our audit of the financial statements for the year ended December 31, 1997. Accordingly, we are unable to issue the related accountants' report on or before March 31, 1998. Very truly yours, /s/ Coopers & Lybrand L.L.P. Coopers & Lybrand L.L.P. Coopers & Lybrand L.L.P. is a member of Coopers & Lybrand International, a limited liability association incorporation in Switzerland