Subject: "Conference Call with Houston".

Body: Houston has requested we sit down with them on the phone and go over all the in-the-money contracts we have. By their count we have about 50. They want to account for each and understand why we may not be delivering on them. Ed Baughman will be sending his master list in advance of a 11:30 call in Mt. Bachelor. Please send at least one representative from each of the regional desks to discuss the list. Thanks,

Subject: "Financial Trading Legal Database".

Body: David, Mark Taylor asked me to talk to you about getting your ISDA Masters inputted into our Financial Trading Database. This databse is the central master database where we keep records of the financial agreements in either draft form or that have been executed. London currently updates this database to manage its (and Singapore's) financial contracts and I would like to get the Australian agreements plugged into the system. This database serves a number of purposes. First, it is our core memory of contract negotiations. Anyone in Legal and Credit around the world can take a look at this database and determine who we have entered into contract with and what negotiation issues may be at issue. It is critical as we become a global trading company that we are consistent in the legal positions we take on these financial contracts. For instance, it would be quite problematic if someone in Houston was negotiating a contract with an ISDA counterparty and asserted that a certain position was critical, if we find out a lawyer in another office was negotiating with the same counterparty and gave on the same position the day before. We need to make a somewhat coordinated effort on the counterparty front. In addition, with so many masters and so many counterparties there is just no way to keep track of what we have said or done unless we have a database. Further, we use the information in the database to respond to inside auditing, reporting and insurance inquiries. For online trading, I check the database to see if we have a financial master agreement and what trading restrictions we may or may not have in place. Global contracts uses this database to confirm their financial contract records and approval for online trading. For both Houston and London we use the database to communicate with our Clients, whether traders or back office support people. Employees outside legal have limited view access only to see all the information except the confidential Legal and Credit comments. They have no edit capabilities. The database also has some reporting functions that we and London Legal have found helpful. You should have gotten my email to Mike Neves, out database coordinator requesting full edit access for you. It usually takes a few days. Once you get access maybe you could find some time to surf the database, and we can figure out how to get your ISDA data inputted.. Are you coming to the ENA Legal Conference in October? That would be a good time for me to do a full review of this database with you.

Subject: "Important Information from PricewaterhouseCoopers IAS-Chris Dorland".

Body: Dear Chris PRIVACY POLICY NOTICE TO INDIVIDUAL CLIENTS ABOUT CONSUMER FINANCIAL INFORMATION Our Privacy Policy has been sent to you in accordance with the rules of the Federal Trade Commission as provided by the Gramm-Leach-Bliley Act. PricewaterhouseCoopers LLP respects your right to keep your personal information confidential and to avoid unwanted solicitations. We trust that our Privacy Policy will provide you with a better understanding of our commitment to keep your personal information confidential and secure while serving you. INFORMATION WE HAVE ABOUT YOU We receive information about you that is not available publicly. This information is received from a variety of sources, including: * Information you provide directly to us, such as: your name, address, social security number, assets, liabilities and income. * Information we receive with your authorization from third parties, such as: financial institutions, companies, and other individuals. * Information from consumer reporting agencies. PROTECTION AND USE OF INFORMATION We use the information acquired solely for the purpose of providing tax consulting, compliance and other professional advisory services to you. We take reasonable steps to keep confidential the information acquired. Our right to disclose the information is limited by our Code of Conduct, applicable law, the Code of Professional Conduct of the American Institute of Certified Public Accountants (AICPA) and accounting authorities of foreign countries. Where appropriate, information provided by us to employees, affiliates and nonaffiliated third parties who perform services for us, is subject to contractual agreements which prohibit these parties from disclosing or using the information other than for the purposes for which the information was disclosed. We also maintain reasonable physical, electronic, and procedural safeguards in compliance with applicable laws and regulations to protect your nonpublic personal information. GENERAL RESTRICTIONS ON DISCLOSURE OF NONPUBLIC PERSONAL INFORMATION TO AFFILIATES AND NONAFFILIATED THIRD PARTIES As tax preparers, we are prohibited by Internal Revenue Code Section 7216 from disclosing your income tax return information without your consent, other than for the specific purpose of preparing, assisting in preparing or obtaining and providing services in connection with the preparation of an income tax return for you. Furthermore, as members of the AICPA engaged in income tax preparation or financial planning, we are generally prohibited from disclosing confidential client information about you to affiliates and nonaffiliated third parties without your specific consent. PARTIES TO WHOM WE DISCLOSE INFORMATION We do not disclose any nonpublic personal information about our clients or former clients to our affiliates or to nonaffiliated third parties except as permitted by law and the AICPA Code of Professional Conduct. Nonpublic personal information about current and former clients may be disclosed to both our affiliates and nonaffiliated third parties as permitted by law and the AICPA Code of Professional Conduct, as follows: 1. Complying with a validly issued and enforceable summons or subpoena. 2. In the course of a review of our firm's practices under the peer review rules of the AICPA or a similar professional board. 3. Initiating a complaint or responding to an inquiry made by the professional ethics division or trial board of the AICPA or duly constituted investigative or disciplinary body of another State CPA Society or Board of Accountancy. 4. A review of a professional practice of our firm in conjunction with a prospective purchase, sale, or merger of all or part of our practice, provided that we take appropriate precautions (for example, through a written confidentiality agreement) so the prospective purchaser does not disclose information obtained in the course of the review. 5. Participating in actual or threatened legal proceedings or alternative dispute resolution proceedings either initiated by or against us, provided we disclose only the information necessary to file, pursue, or defend against the lawsuit, and take reasonable precautions to ensure that the information disclosed does not become a matter of public record. 6. Providing information to affiliates and nonaffiliated third parties who perform services or functions for us pursuant to a contractual agreement which prohibits the third party or affiliate from disclosing or using the information other than for the purposes for which the information was disclosed.

Subject: "Korea LNG opportunities".

Body:
Darrell, I attempted to call you a few minutes ago (late night your time - but there was no voicemail). I didn't want to wait several more days before I contact you. I'm out all weekend. Eric shared with me some of your concerns about resources for a Korea LNG opportunity. I certainly understand your view but wanted to share some of my thoughts. Rick and/or Clay know the Asian LNG industry better than anyone else in the company. They are very good and I have a lot of faith in them and their ability to assess opportunities and develop projects. They are lacking wholesale type of transaction experience that a few of the guys that have recently come into the group have. That is why we have brought them in. We have a very strong team and i like the mix a lot. Eric is the person we chose to run the group for many reasons but it wasn't' done as a lack of faith in Rick or his original team. The biggest opportunities and the viewpoint we must take in this business is running it like a wholesale unit and running it as a portfolio of transactions and books. That certainly doesn't mean that 20 years of experience doesn't have enormous value especially in the non-Atlantic markets. Rick is in the process of coming back to Houston after the shut down of our middle east projects and strategy. Rick is also in the process of assessing what exactly he would like to do in the time of transition. My very sincere hope is that he will stay in the LNG group and perform a very important role especially in this type of development or deal making role. Especially in a big deal in Japan, Korea or something in the Asian area. We will discuss this next week when he comes to town. I need Eric to be in Houston right now due to our Elba Island, Venezuela and Bahamas immediate activity. He will certainly be engaged in everything but he can not be focuses as much as you need in Korea or Joe needs in Japan. Please give me a call next week and we can discuss this in more detail. Thanks,