IN: Greg, I received request for our goals on a voicemail while coming back from Venezuela. I didn't know exactly what you were looking for or the audience but i have listed a few initial goals and thoughts for each business unit. We are in the process of creating more specific goals for each group for 2001. Each already has their own but they are not in a final and consistent format. We have an off-site meeting later this month in which we will address this as a group. In addition, George and the coal group completed theirs late last week and Mark Tawney is returning tomorrow with re-defined goals as part of the process. Also, I have attached some new global formats that I received as I was leaving the country on some specific items that we need to insure a successful year. Most of this information has never been put together before. I have projected out a 50% growth factor as a starting point and will break this down to specific groups and goals to insure that we will meet these goals. As you know a lot of this was started when I put together the EGM presentation and gathered information for the analyst meeting. Let me know if you need something else or if this is not what you are looking for. Mike

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OUT: EGM - 2001 goals

IN: John, Do you think you we be able to submit a quote for the facility behind COH 5-2 and/or the facility behind COH 7-3. I am hoping to have all responses in by tomorrow morning and then, make a decision. I hope to hear from you soon. Also, if you did not receive the load profiles on these two facilities, I have attached them below. Reminder: They are looking for firm supply to the gate at a NYMEX based price. Thanks,

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OUT: COH 5-2 and COH 7-3

IN: The previous two nights I have attempted to split out the Positions and P&L as we discussed. I now feel confident in the Positions part of this process (Mike's swaps in the Exotic book, new blotters, etc.). The P&L portion of the process has been significantly more difficult, but after working through last night , I will have the P&L completely split out by the end of today. Thanks for your help & patience, Errol

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OUT: P&L Split-Out Status Report

IN: Dear Chris: At the request of Gerald Nemec, please find attached our confidentiality agreements for Black Diamond Energy, Inc. and Shell Capital. Please note that for Shell it is important that we verify and perhaps correct the exact entity name. Best wishes,

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OUT:
CAs for Black Diamond and Shell Capital