IN: Jason: Please let me know where we stand on this and what steps we are currently taking to finalize. On a different matter, I spoke with Mike Neves on Friday afternoon and we concluded that getting you hooked up to Lotus Notes was becoming too complicated. Please email your updates to me and I will enter onto Lotus Notes. Thanks. Sara

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OUT: ITG/Posit Europe

IN: All, For the security model, this is a list of privileges that I've come up with. 1. Financial Read/Write 2. Financial Read only 3. Power Read/Write 4. Power Read only 5. Gas Read/Write 6. Gas Read only 7. IM Read/Write 8. IM Read only 9. Credit Comments Read/Write 10. Credit Comments Read only 11. Legal Comments Read/Write 12. Legal Comments Read only 13. Confirmation Comments Read/Write 14. Confirmation Comments Read only 15. CP Read/Write 16. Keyword Read/Write Please let me know if there are other privileges to be included.

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OUT: Security Model

IN: Hi- This afternoon at 5pm I have a conference call with moderators from forums 1,3,5 along with Johnny Duncan to determine draft order for upcoming Forum draw. J. Hines has agreed to head the selection of the new Forum as his Forum is not going to participate. My understanding is that your Forum would pass on this draft as well ...our goal is that by next year all Forums would have 9-11 members with 10 as a norm target... according to my records you should be there by participating in next years draft...I believe this will leave 7-8 for the new Forum along with 1 or 2 veterans to form its nucleus..Please email me if you have any thoughts that are contrary to my thinking or if you wish to be on the call, please notify me or Vivian asap.... Craig

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OUT: Forum selection process

IN: Rod Nelson in credit forwarded the Gulf request and attachments. ECTC's execution of the No Interest Letter is fine from a legal and credit perspective. I agree wtih your analysis. Sara

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OUT:
Gulf Canada Resources Limited ("Gulf") sale to Renaissance