OGE SBA #106081

---------------------- Forwarded by Reyna Cabrera/ET&S/Enron on 12/11/2000
01:43 PM ---------------------------

From: Dan Fancler 10/26/2000 10:14 AM

To: Reyna Cabrera/ET&S/Enron@Enron
cc:

Subject: OGE SBA #106081

If we need to cashout for operational reasons then $500,993.10 is a fair
price.

If we need the gas then they should pay the value of the gas which is
estimated at $728,274.40.

So the answer is
If we want the cashout get at least $500,993.
If they want the cashout and we need gas get $728,274.

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