Q: Kroum has developed a new Forward Obligation Report, which will allow us to capture all term deals, desk-to-desk and all scheduling changes. Both Heather Dunton and I have tested it in stage and will be pushed out to production soon. Once I have the date I will forward it to all of you. It should be within the next couple of days. I will also show all of you how to run the report to capture the criteria we need to do our swaps. diana
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A: Forward Obligation Report

Q: In a conversation with Randy Miller of Texla, the following credit issues were raised: 1. Texla would like to raise their threshold to $200,000; 2. In place of a LC Texla would offer furture trades within 24 hours. As previously discussed, I can write the language, the decision is a credit call.
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A: Texlal Energy Management, Inc.

Q: Kevin, Vasant and I talked to Clayton about his request for transfer. Clayton received a conditional approval contingent upon completion of the current project he works on. Vasant will formulate exact definition of the deliverables and we will hold Clayton to it. If he fails to deliver the request for transfer will be rejected. Anything else would be highly demoralizing to everybody. Clayton has so far produced exactly zero (no single output was delivered) though he was advertising the projects inside and outside the group as completed. I want you to be aware of it, because I have serious doubts regarding Clayton's integrity. Vince
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A: Clayton Vernon

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