FW: Termination of Swaps - Cresendo, Juniper, Cgas, East Sour Lake

Cc: cynthia.harkness@enron.com
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Nancy:
I have forwarded this to Cynthia as part of the "intercompany contracts" review process.

Sara

-----Original Message-----
From: Boyt, Eric
Sent: Thursday, January 17, 2002 4:13 PM
To: Shackleton, Sara; Corbet, Nancy
Subject: FW: Termination of Swaps - Cresendo, Juniper, Cgas, East Sour Lake ( Hanson)

Sara,

Nancy asked me to send this summary to you.

Call if you have any questions.

Eric

-----Original Message-----
From: Boyt, Eric
Sent: Thursday, January 17, 2002 4:10 PM
To: Otis, Brian
Subject: FW: Termination of Swaps - Cresendo, Juniper, Cgas, East Sour Lake ( Hanson)

Brian,

I aploligize for the delay in getting you this info.

-----Original Message-----
From: Cook, Mary
Sent: Tuesday, January 15, 2002 5:27 PM
To: Mann, Kay; Shackleton, Sara; Dobin, Nora; Boyt, Eric
Cc: Corbet, Nancy; Tweed, Sheila
Subject: RE: Termination of Swaps - Cresendo, Juniper, Cgas, East Sour Lake ( Hanson)

Is all this being worked with Nora Dobin? I think some of these are in the volumetric production payment vehicles. we need to be careful. Nancy, will you call Nora Dobin?

Eric: are any of these tied to the production payment deals? Please advise us all.

-----Original Message-----
From: Mann, Kay
Sent: Tuesday, January 15, 2002 5:23 PM
To: Shackleton, Sara
Cc: Corbet, Nancy; Cook, Mary; Tweed, Sheila
Subject: FW: Termination of Swaps - Cresendo, Juniper, Cgas, East Sour Lake ( Hanson)

Sara,

Looks like one of yours.

Kay

-----Original Message-----
From: Corbet, Nancy
Sent: Tuesday, January 15, 2002 5:19 PM
To: Cook, Mary; Tweed, Sheila; Mann, Kay
Cc: Bushman, Teresa G.
Subject: Termination of Swaps - Cresendo, Juniper, Cgas, East Sour Lake ( Hanson)

Jesus Melendrez, who is managing the ECR portfolio, has asked that the subject swaps be terminated. None of them is in the money for ENA. I have put together a small file folder for each and Eric Boyt has been asked to provide updated values. These are in l purple folders on my desk should I not be available . I am happy to liase with Jesus but seems to me that one of the swap attorneys who is more conversant with the ISDAs, T&Cs, swaps and ENA's current position re same should weigh in. Basic question is what approval is required to terminate. The relevant interests are as follows :

Cresendo Energy LLC - 50 % JEDI ll , 50 % Trutta
Juniper - 75 % JEDI ll, 25 % Trutta
CGAS - 100% McGarret
East Sour Lake -100 % Trutta