Re: Friday Meeting on Dayrates

John,

For confirmation, I have this meeting scheduled at 4:30 on June 2, 2000.
Please let me know if you have something different.

Thanks

Kim Hillis
x30681

John Peyton@ECT
05/30/2000 06:13 PM
To: Scott Neal/HOU/ECT@ECT
cc: Kimberly Brown/HOU/ECT@ECT, Brian Redmond/HOU/ECT@ECT, John J
Lavorato/Corp/Enron@Enron, Julie A Gomez/HOU/ECT@ECT, Keith
MacIvor/Corp/Enron@ENRON

Subject: Friday Meeting on Dayrates

Just as a reminder to everyone, there is a meeting in John Lavorato's office
this Friday June 2nd regarding Dayrates

John

Enclosed is the presentation that Keith MacIvor and I gave to Noble
Drilling's CEO, Jim Day and Pride International's CEO, Paul Bragg, their CFO,
Earl McNiel, and their COO, James Allen this morning 5/30. Both sets of
leaders were extremely interested in pursuing dayrate transactions with us.
Both sets said that they believed this product would have a very positive
impact of the drilling business.

Jim Day assigned us to his leading financial innovators, Mark May and Steve
Manz. Paul Bragg and Earl McNiel are wanting to sign an ISDA asap and begin
discussions asap.

I will be giving the same presentation to the CEO of Diamond Offshore, Jim
Tisch this Thursday (in New York) and a "deal specific" presentation to the
CFO of Chiles Offshore the same day.