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Nagesh, Please resort the pipeline order on the Texas/HPLC position screen in CPR. The current sort makes it difficult for us to manage our trading position each day. The arrangement (from the top of the screen to the bottom) that would most benefit us is listed below: Houston Pipe Line East Texas Gas System NNGB Oasis PG&E Valero All remaining pipes listed in alphabetical order by pipe name. Please look into this and let me know of any problems in making these changes. Thanks.

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OUT: CPR Position Manager

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POSREP HOEGH GALLEON, DATE:08 MAY 01 A) Position at noon : N 24,7? E 36,2? B) Dist. from last noon : 371 nm C) Dist. to go to next port: 2101 D) Eta next port : 13 0900 LT E) 1:Average sea/weather : Wind: W5 Sea: W4 2:Average speed : 19.03 knots / average RPM 92.55 3:B.O.G. consumed : Nil B.O.G. Total : 4:F.O. consumed : 143 mt Brgds Knut Bentzr?d 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)

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OUT: POSREP

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We are happy to announce the arrival of several new Employees to the ENA-Portland office! Serena Bishop began working with the Short Term California Desk late last week. She is a '01 graduate from the University of Portland, with a degree in Business Administration. James Bruce is one of the most recent additions to the Structuring Group. He graduated in June '01 from the University of Oregon, where he received his Bachelors degree in Business Administration--emphasis on Finance.

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WELCOME NEW EMPLOYEES!!!