Subject: "adjustment of swap deals on GDaily top page".

Body: Errol, I looked at your post ids 1405076 (Nov 16) and 1403081 (Nov 15). For a Gas daily swap deal, its gamma, vega, theta, rho, drift, 2nd order should be zero. The change between today and prior day comes from forward value of new deals, changed value of old deals, curve shift of old deals, and liquidation of old deals. We can put it in a simplified formula, Today Value - Prior Day Value = New deals + Changed Deals + Curve Shift - Liquidation of old deals If you look at the gas top page, its liquidation actually includes both existing deals and new deals. The liquidation value for existing deals are 444,192 and liquidation value of new deals is -33,500. The Liquidation of new deals does not contribute to the daily change, so we got -33,502 off here.

Subject: "New faces in the office".

Body: Hi Everybody. You may find yourself running into to two new employees here in the San Francisco office. Dennis Yee has taken up residency in the back, by the EES printer/fax at extension 7852. He was in the San Ramon office, but decided to make his new home here with us in SF. Dennis is a construction manager with the Enron Facility Services group (EFS). Also, Anthony Barr will be tackling the task of working for me as my new clerk, please stop by and give him your condolences. He will be sitting in the cube directly behind me, and his extension is 7818. Please stop by and introduce yourself to both. Thanks,

Subject: "J-Block".

Body: Richard, Hello from South America. I am forwarding this email from John regarding the J-Block problems. Have you been involved in this? What are your thoughts? If you have any ideas or can provide with some help, please follow-up. This is confidential but i thought you could help. When he mentioned this, I really couldn't remember much. Amazing how the memory fades on some of the details in just a few years. Mike

Subject: "ETA Notice.".

Body:
Dear Sir's Confirm ETA Qalhat 13th. May 0900 local time. Brgds Oe. Hansen Master LNG/C "Hoegh galleon" E-mail: master.gall@hoegh.no Teleph: Inmarsat tel.no.+873 330853910 Fax : Inmarsat fax no.+873 330853913 Telex : Inmarsat B telex no.+583 330853915 Telex : Inmarsat C telex no.+583 430853910 (24hrs.watch)