|
|
Enron Mail |
FYI
---------------------- Forwarded by David W Delainey/HOU/ECT on 07/24/2000 04:00 PM --------------------------- Jeffrey Sherrick@ENRON 07/21/2000 04:37 PM To: David W Delainey/HOU/ECT@ECT cc: Subject: Re: C-Gas Dave, Move on and I hope we don't pay more than Book when this is liquidated from the JEDI fund this fall. Let me know when the asset is sold to a third party for a value greater than book. jeff David W Delainey@ECT 07/19/2000 09:34 PM To: Jeffrey Sherrick/Corp/Enron@ENRON cc: Subject: Re: C-Gas Jeff, my team believes that there should be a premium to book in the range we quoted to you; however, I appreciate your interest. I would agree that we have spent enough time on this and it is time to move on. Regards Delainey ---------------------- Forwarded by David W Delainey/HOU/ECT on 07/19/2000 09:27 PM --------------------------- Jeffrey Sherrick@ENRON 07/19/2000 02:03 PM To: David W Delainey/HOU/ECT@ECT cc: Subject: Re: C-Gas Dave, I met with my team today and based on the data and information supplied by Steve, it is doubtful that the assets and on-going organization would command a current market value equivalent to book. I am still willing to move the assets onto our balance sheet at book for the benefit of Enron, although if this was a third party bid, I would be surprised if we could pay this price. Furthermore, due to your desire to maintain this discussion among the Houston teams only, I am assuming the PDP reserves are solid, no major enviornmental issues exit, legal problems are minimal and contracts are standard. Let me know what you want to do. I think we have all spent enough time on this effort. On a side issue, are you aware that this is a JEDI I property? My understanding is that Jedi I owns 100% of C-GAS and the Jedi I fund WILL be liquidated before the end of the year. At what price will your unit pay to liquidate the fund? jeff David W Delainey@ECT 07/13/2000 08:12 PM To: Jeffrey Sherrick/Corp/Enron@ENRON, Steve Pruett/Corp/Enron@Enron cc: Subject: C-Gas Steve, please call Jeff and go through in detail how we got to our valuation of approximately $39 M. Please ensure that this is a reasonable facsimile of value that ENA would accreate over the short to medium term assuming your continued management. Let me know where you end up. Regards Delainey
|