March Cargo Model

Enron LNG sells to the ENA gas desk 86,000mmbtu/day during march 2001
(2,666,000 mmbtus).

Price Bid $6.79
Basis Bid ($.1025)
Physical Bid ($.0600)
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Total Fixed Price $6.6275

Terminal Cost at Lake Charles $.55 cents. Gas to be delivered to Trunkline
ratably during March.

Cabot guarantees cargo delivery of 2,720,000 (+/ -) 1%.

Current Model as of 4:30pm Wednesday 1/24

You and Brad can decide on the Eco. price with Ena Marketing tomorrow.

Thanks,

Eric