Write an email with the subject line "Status of Audits & Cash Recoveries".
Following is a status of RAC initiated audits in 2001 and year-to-date cash recoveries related to the Merchant Investment Portfolio: Oil & Gas Joint Venture Audits Completed: Program Operator Gross Claims Net Claims Vastar BP Amoco $177,432 $ 88,716 Hughes-Rawls EPL $285,176 $129,954 E. Sour Lake Adobe $285,126 $256,613 Total $747,734 $475,283 Oil & Gas Joint Venture Audits Scheduled: Program Operator Date Cypress Meridian Resources 10/01 Juniper Bois D'Arc Resources 10/01 Vastar Key Production Co. 12/01 Coal Venture Audits Completed: Program Operator Gross Claims Net Claims Jupiter Cline $ 66,250 $ 66,250 Jupiter Cline $126,000 $126,000 Total $192,250 $192,250 DPR Cline The audit determined that, contrary to the agreement; excess funds were transferred to an investment account in Chris Cline's name rather than DPR. Potentially $5.5 million was at risk to Enron. The situation has been corrected. Cash recovered in 2001 from Audits as of 9/30/01: Oil & Gas - 2000 $315,579 Oil & Gas - 2001 $ 43,913 Coal $ 66,250 Total $425,742