RE: FW: Mortgage Agreement

Dan,
This a.m., BancFirst (the Enernet mortgage holder referenced below) has
agreed to execute a
subordination agreement in favor of Enron. This can be completed quickly.
I will forward
the executed subordination agreement to you asap.

Now that the BancFirst mortgage is no longer an issue, we need to get all
agreements signed.
Once I get the subordination to you, when can we get final agreement drafts
to review?

A review of the county records should have taken about 1/2 of a day. What's
status of this review
of the county records?

Doug

-----Original Message-----
From: Dan.J.Bump@enron.com [mailto:Dan.J.Bump@enron.com]
Sent: Tuesday, February 22, 2000 12:30 PM
To: O'Bannon, Robert O.
Cc: dkg@enernetok.com
Subject: RE: FW: Mortgage Agreement

Bob--

First, the air permits finally went to public comment on Feb. 14th (we have
received actual copies from the DEQ confirming this); with any luck, we'll
have air permits issued by the 3rd week of March.

In order to proceed with our deal, Enron would like to request that Enernet
work out a deal with their current mortgage holder wherein Enron would not
be subordinate to the current lender. Although I've copied Doug on this
e-mail, I hope to speak with him verbally to find out if this can be
completed quickly. I realize that you need to be constructing your
gathering system, so we all need to get this deal finalized. I assure you
that I am pushing Houston from my end. In this regard, I do not know yet
if any additional info will be required from Quantum. I told Houston that
I need to know by tomorrow.

Please pass on to Paul the air permit info.

Thanks.

Dan