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Sam: Don't you have a new address by now? I remember you said that you were moving into a plush high-rise overlooking the great southern city of Atlanta, home of the Peach Bowl! Please email me and let me know. A belated thanks for the birthday card. I had a fabulous birthday in Napa Valley at Auberge d'Soleil with my little sister and friends. We drank wonderful wines and dined in great restaurants - and had great weather. Hope you're doing well. Have you started any new business ventures? Maybe taken Wendy's to Amelia Island Plantation? Or better yet, purchased the water rights to Palm Springs? I'm just hangin' in Houston, same old job, etc. I joined my two friends Monty and Keith for our annual birthday celebration at Galatoire's about two weeks ago. It's always great fun. I think I get to plan a reunion of Gordon, Arata et al ex-pats. There are about thirty of us scattered around the country. My regards to Beverly and Helen. Sara
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answer: Where do I send your holiday card?
The following are the names I have included for the Functional Legal Year End 2001 PRC Meeting on Thursday, December 6th. Jim Derrick Rob Walls Mark Evans Drew Fossum Mark Haedicke Kristina Mordaunt Julia Murray Vicky Sharp Please let me know if there are any changes to this list. Also, please confirm if we will continue to review VP Level only or if you would like to go down to Senior Director or Director. Thanks. Sheila Walton
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answer: Functional Legal Year End PRC Meeting
Gentlemen: Please find the attached letter agreement, structure term sheet and key assumptions for the Kathleen Anne storage field. I would suggest the following: 1. All parties review and comment on the language of the documents. 2. All parties should assess the assumptions provided with respecto to their requirements and economics. 3. Enron will forward the historical values for the summer/winter spreads. Note: the average value (2006 $s) of the expected summer/winter spreads going forward is assumed to be $0.38. This spread is based on Enron's price curves, and the base economic value of the deal assumes we capture the full summer/winter spread in each year. 4. All parties develop assumptions/requirements for the following: a) GLO and PNP required % of net oil revenue (net of costs) during EOR period, and storage period b) GLO and PNP required % of net storage revenue c) Enron base marketing fee (as well as cost estimate) d) Enron at risk marketing payment 5. We meet to discuss: a) Transaction structure, roles and responsibilities b) Key project assumptions c) Actions going forward Regards,
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Kathleen Ann