ENA Offsite - May 3rd and 4th, 2000

We are planning an ENA offsite on May 3rd and 4th at Columbia Lakes Resort
(West Columbia Texas). You were all contacted to save these dates on your
calendars. Both Cliff and I think this is an important opportunity for the
business units to get together to discuss strategies and opportunities. We
encourage you to attend for both days.

The goals of the offsite include:
a) to discuss strategies and commercial opportunities necessary to meet our
financial targets for 2000;
b) to discuss resource requirements and organizational issues;
and c) to provide an open forum to facilitate discussion and team building
amongst the businesses.

Each business unit will have one hour to present its strategies and
opportunities. Specifically, we are asking the origination groups to
describe their current strategy, detail the top 5 commercial
deals/opportuntities for 2000 and to discuss any resource or organizational
issues facing the unit. Each trading organization will be asked to give a
short market overview of their markets, identify three market or trading
opportunities and discuss any resource or organizational issues facing that
group. Please submit your presentations to Kay Chapman no later than April
28, 2000. The agenda is quite agressive but we wanted to give everyone an
opportunity to discuss their business.

A more detailed agenda and locations/times will follow shortly.

Regards
Delainey