Enron Mail

From:rviguet@chamberlainlaw.com
To:tana.jones@enron.com
Subject:Assignment of Fletcher Challenge Swaps; Response to inquiry letter
Cc:david.taylor@apachecorp.com, jeff.king@apachecorp.com
Bcc:david.taylor@apachecorp.com, jeff.king@apachecorp.com
Date:Mon, 19 Feb 2001 11:30:00 -0800 (PST)

Tana:

This email is just a follow-up on the telephone message that I left for you
earlier today. As I explained, our firm (Chamberlain Hrdlicka) represents
Apache Corporation and I will be replacing Saul Laureles in concluding our
work related to the assignment of certain natural gas price swaps from
Fletcher Challenge Industries Limited ("Fletcher Challenge") to Shell
Overseas Holdings Limited ("Shell"), and the reassignment from Shell to
Apache Corporation. My contact information is as follows:

Robert J. Viguet, Jr. ("Bert")
Chamberlain, Hrdlicka, White Williams & Martin
1200 Smith Street, Suite 1400
Houston, Texas 77056
Telephone: 713-654-9693
FAX: 713-658-2553
rviguet@chamberlainlaw.com

You should have received a letter from Saul Laureles dated February 6, 2001
via overnight courier requesting that your firm confirm certain facts related
to the swaps to be assigned as described above. We are looking for a written
response to that inquiry at your earliest opportunity. If there are any
errors or other discrepancies in the list of swap transactions or other
matters identified in the letter, we need to know as soon as possible so that
there will be time to resolve those issues before the assignments are made.

This firm (Chamberlain Hrdlicka) has prepared a draft of the Assignment and
Assumption Agreements for the transfer of the swaps from Fletcher Challenge
to Shell and from Shell to Apache Corporation. Our draft of the assignment
forms is being reviewed by attorneys for Shell now, but should be available
for your review in a few days. The acquisition of assets of Fletcher
Challenge Energy by Shell and Apache, and the related assignments of the swap
transactions, is expected to closes in early March.

If you have any questions or comments concerning the proposed transactions,
please don't hesitate to contact me. I look forward to working with you.

This communication may be protected by the attorney/client privilege and may
contain confidential information intended only for the person to whom it is
addressed. Any views or opinions expressed are solely those of the author
and do not necessarily represent those of Chamberlain, Hrdlicka, White,
Williams and Martin. Any use, dissemination, forwarding, printing, or
copying of this e-mail without consent of the originator is strictly
prohibited. If you have received this e-mail in error, please immediately
notify Robert J. Viguet, Jr., by telephone at (713) 654-9693.