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Enron Mail |
Looks like there may have been a little confusion here, but it appears that the deal is still working as before.
-----Original Message----- From: Clayton, Lawrence Sent: Tuesday, October 30, 2001 1:53 PM To: Hayslett, Rod Subject: Producers requesting L/Cs Rod, I am very concerned about the statement that Enron cannot get any added LCs' issued. This may be a disclosue event for us. I think we need this retracted and for Enron to affirm there ability to perform under our facility. Your thoughts? ----- Forwarded by Lawrence Clayton/Houston/Eott on 10/30/2001 01:49 PM ----- Josie Castrejana 10/30/2001 11:19 AM To: Lawrence Clayton/Houston/Eott@Eott cc: Subject: Producers requesting L/Cs We have the following new requests for L/Cs to cover our lease purchases. They are requesting L/Cs because of the Enron situation. I've spoken with some of them and they just won't budge. 1. Newfield Exploration $3MM to cover Oct & Nov 2. J. Cleo Thompson $1.8MM to cover Oct & Nov 3. Apache Corp. $700K to cover Nov 4. W. C. Miller $175K to cover Nov I've already spoken to Jesse Mata at Enron and she is telling me she cannot get any L/Cs issued - their banks are not allowing it. I've got a call into Jack Insigna at Standard Chartered to see if they would be willing to EOTT's L/Cs. He's checking. We could prepay Apache - they are obviously not a credit risk. the others i'm not sure about - we're checking their credit. let me know about how much you're willing to with Enron. thanks. jc
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