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Enron Mail |
It is a 250 ft jackup drilling rig. It has been in storage in Galveston for two years.
Louise Kitchen@ECT 03/01/2001 12:57 PM To: Richard Lydecker/Corp/Enron@ENRON cc: Subject: Re: 2001 Plan Just out of interest - what type of rig is Noram? Richard Lydecker@ENRON 02/22/2001 09:09 AM To: Louise Kitchen/HOU/ECT@ECT cc: Subject: 2001 Plan Louise, the $10.9 million negative in the plan as presented to you consists of: Inland $4.6 MM Masada $2.9 MM Linder $3.4 MM Total $10.9 MM These assets had been scheduled originally to go into raptor 2. Without a raptor hedge, these represent the difference between estimated valuein a monetization and carrying value. In addition to the above, the following items are incorporated into the $20.7 MM delta ENA exposure vs. base value Noram rig $0.9 MM -- The purchaser defaulted on purchase. Our expectation for value is now lower. Ecogas $2.4 MM -- We acquired this asset after the budget. Canfibre LOC $4.5 MM -- This contingent liability may or may not be paid depending upon certain performance tests at the Lackawanna Plant Calpine $2.0 MM -- This is a drilling commitment. I always view these on a dry hole basis. Total $ 9.8 MM I hope this clarifies the numbers. Dick. <Embedded StdOleLink<
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