Spreadsheet: david_delainey__8091__Technical Book 092000
Sheet: Projects removed

ENRON NORTH AMERICA
TECHNICAL RISK REPORT
Business Unit | Project Name | Responsible  Party | Project Type | $$ Exposure | Assessment of Risk | Updated | Update/Comments
Raptor I | Active Power | Kuykendall |  |  | Private Minority Interest, no technical risk | 2000-08-01 00:00:00
Raptor I | Ameritex Ventures | Pruett |  |  | No technical risk | 2000-08-01 00:00:00
Raptor I | Beau Canada | [NAME] |  |  | Canadian Public no technical risk | 2000-08-01 00:00:00
Raptor I | Black Bay | Lydecker |  |  | Seismic Sales, no technical risk | 2000-08-01 00:00:00
Raptor I | Bonus Resources | Neyman |  |  | No technical risk | 2000-08-01 00:00:00
Raptor I | Brigham Exploration | Neyman | Operational Review |  |  | 2000-08-03 00:00:00
Raptor I | Carrizzo | Pruett |  |  | Written off | 2000-08-01 00:00:00
Raptor I | Catalytica | Lydecker | Xonon |  |  | 2000-08-03 00:00:00
Raptor I | City Forest | Wayne Mays/ Ennerson | Construction |  | 1) Production ramp up not matching projection for outputquantity and quality.  Brought in industry experts ([NAME] and Associates) to assist in evaluation process.  Poor internal coordination between two divisions of the paper machine manufacturer (voith [NAME]) let to problems with Yankee dryer and headbox.  Weekly conference calls to review progress. | 2000-07-20 00:00:00 | Have a sheet wrinkle problem since last September which is still not completely understood.  It was learned in May that the Yankee had an incorrect face profile, which was reground in June.  Production is now up to over 60 tons per day but needs to come up another 20 tons per day.  [NAME]-up is still 6 months behind where it should be.
Raptor I | EB/GB | Neyman |  |  | No technical risk | 2000-08-01 00:00:00
Raptor I | EcoGas | Maffet | Operational Review |  | Reorganization | 2000-08-03 00:00:00
Raptor I | Heartland Steel | Wayne Mays/ Lydecker | Construction |  | 1) Production ramp-up, output quantity and quality not matching ramp-up production.  Brought in industry technical expert ([NAME] from Metal Projects Engineering and Management in Chicago) to assist in plant evaluation and study.  He has been on site with Enron financial people for 4 weeks. | 2000-07-20 00:00:00 | Working through problems with automated production and billing system.  Technical problems with cold mill startup have been discovered.  Alignment check scheduled for next week.
Raptor I | Hughes Rawls | Pruett |  |  | Sale in progress | 2000-08-01 00:00:00
Raptor I | HV Marine | Lydecker |  |  | Minority Warrants, no technical risk | 2000-08-01 00:00:00
Raptor I | Invasion Energy | [NAME] | Operational Review |  |  | 2000-08-03 00:00:00
Raptor I | Juniper Energy | Pruett | Operational Review |  |  | 2000-08-03 00:00:00
Raptor I | [NAME] | Lydecker |  |  | Seismic Sales, no technical risk | 2000-08-01 00:00:00
Raptor I | LSI Electric Speciality | Lydecker |  |  | Cable sales, no technical risk | 2000-08-01 00:00:00 | U. S. Prviate
Raptor I | [NAME] | Neyman |  |  | Warrants, no technical risk | 2000-08-01 00:00:00
Raptor I | Queen Sand Resources | Neyman |  |  | Minority Public, no technical risk | 2000-08-01 00:00:00
Raptor I | Quicksilver | Pruett |  |  | U.S. Public, no technical risk | 2000-08-01 00:00:00
Raptor I | Sacramento Basin   ([NAME]) | Neyman | Operational Review |  |  | 2000-08-03 00:00:00
Raptor I | Sierra Well Service | Neyman | Operational Review |  |  | 2000-08-03 00:00:00
Raptor I | Tetonka Drilling | Lydecker |  |  | Minority Interest, no technical risk | 2000-08-01 00:00:00
Raptor I | Texland Ltd | Pruett | Operational Review |  |  | 2000-08-03 00:00:00
Raptor I | Venoco | Lydecker | Operational Review |  |  | 2000-08-03 00:00:00
Raptor I | WB Oil & Gas | Neyman | Operational Review |  |  | 2000-08-03 00:00:00
Other | Belco Oil & Gas | Lydecker |  |  | Minority Warrants, no technical risk | 2000-08-01 00:00:00
Other | [NAME] | Lydecker |  |  | No technical risk | 2000-08-01 00:00:00
Other | [NAME] | Kerrigan |  |  | [NAME] 125 transaction | 2000-08-01 00:00:00
Other | [NAME] | -- |  |  | Sold | 2000-08-01 00:00:00
Other | Costilla | Pruett |  |  | Written off | 2000-08-01 00:00:00
Other | Crown Energy | -- |  |  | Sold? | 2000-08-01 00:00:00
Other | EEX E&P | Pruett |  |  | Syndicated | 2000-08-01 00:00:00
Other | ENA CLO Trust | -- |  |  | Sold? | 2000-08-01 00:00:00
Other | Esenjay | Pruett / Lydecker |  |  | U.S. Public, no technical risk | 2000-08-01 00:00:00
Other | [NAME] | Pruett |  |  | Sold | 2000-08-01 00:00:00
Other | Gasco Distribution | [NAME] |  |  | [NAME] in 5/00, no technical risk | 2000-08-01 00:00:00
Other | Hogan Exploration | -- |  |  | Written off no technical risk | 2000-08-01 00:00:00
Other | ICE Drilling Systems | -- |  |  | Sold | 2000-08-01 00:00:00
Other | Industrial Holdings | [NAME] |  |  | Debt written down, no technical risk | 2000-08-01 00:00:00
Other | Kafus | Wayne Mays/ Lydecker | Construction |  | 1) Construction risk at Lackawanna MDF plant.  Stone and Webster Engineers and Constructors did not pay subcontractors for 60 days so subs left on May 5.  Have met with CanFibre and closely monitoring their construction progress. 2) Riverside MDF plant - Production ramp-up outputquantity and quality not matching projections.  Brought in industry expert ([NAME] from Oregon State University Forest products) to assist in evaluation. 3) Kanaf - production ramp-up.  Evaluated new plant manager. 4) [NAME] ramp-up, review and monitoring. | 2000-07-20 00:00:00 | 1)  Lackawanna - Stone and Webstre is now off the property and CanFibre is managing the project directly. 2) Riverside - sales is not keeping up with production so the plant may be shut down for two weeks in August. 3)  [NAME] - production quality has improved markedly and now seems to be acceptable and stable. 4) [NAME] rejected material has been removed from building and they are now producing acceptable product.
Other | Lewis Energy Group | -- |  |  | Sold | 2000-08-01 00:00:00
Other | Lyco Energy | Pruett |  |  | No technical risk | 2000-08-01 00:00:00
Other | Place Resources | Pruett |  |  | Canadian Public no technical risk | 2000-08-01 00:00:00
Other | Quanta Services | -- |  |  | Sold | 2000-08-01 00:00:00
Other | Startech Energy | Pruett |  |  | Canadian Public no technical risk | 2000-08-01 00:00:00
Other | Swift Energy | Neyman |  |  | VPP ending, no technical risk | 2000-08-01 00:00:00
Other | Terradyne Group | -- |  |  | Sold? | 2000-08-01 00:00:00
Other | Titan Exploration | Pruett |  |  | Minority Public, no technical risk | 2000-08-01 00:00:00
Other | TransCoastal Marine | Lydecker |  |  | Bankruptcy, no technical risk | 2000-08-01 00:00:00
Other | Tri-Point | Lydecker |  |  | Written off, no technical risk | 2000-08-01 00:00:00
Other | Zargon | Pruett |  |  | Public Minority Interest, no technical risk | 2000-08-01 00:00:00
Energy Capital Resources | Aspect Resources | Pruett / Fox | Operational Review |  | Overriding interest, no technical risk | 2000-09-18 00:00:00 | $4 MM buyout by Aspect pending per temrs of original deal (25% IRR). Negotiating $40+ MM Production Payment transaction at present.
Energy Capital Resources | Pure Resources | Pruett / Fox |  |  |  | 2000-08-03 00:00:00
Energy Capital Resources | Ridgelake Energy | Pruett / Fox |  |  | Overriding interest, no technical risk | 2000-08-03 00:00:00