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Enron Mail |
Tana,
Per my message to you on Friday, Frank and I are planning on working through this tomorrow. It may be a good idea if you can join us as you are familiar with this type of request. In addition, the transactions they provided in the Exhibit do not have transaction numbers, I am going to need these transaction numbers to understand the exposure. If they can not provide the transaction numbers, then is it possible for the Confirm group to provide the active transactions we have with Fletcher so I can cross reference them with the exposure we show in our credit system, and tie them back to the transaction detail they have provided. Thanks Russell From: Tana Jones on 02/20/2001 10:40 AM To: Frank Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Russell Diamond/HOU/ECT@ECT cc: Subject: Assignment of Fletcher Challenge Swaps; Response to inquiry letter Attached is an email I got from the lawyer for Fletcher Challenge. Obviously, he is on a short time frame, so we need to respond rather quickly. Russell, we need some direction from Credit on how we want to proceed on this assignment. Do you want to meet to go over this, and maybe give Bert a call, or what...? Please let us know. ----- Forwarded by Tana Jones/HOU/ECT on 02/20/2001 10:37 AM ----- "Robert Viguet" <rviguet@chamberlainlaw.com< 02/19/2001 07:30 PM To: <tana.jones@enron.com< cc: <david.taylor@apachecorp.com<, <jeff.king@apachecorp.com< Subject: Assignment of Fletcher Challenge Swaps; Response to inquiry letter Tana: This email is just a follow-up on the telephone message that I left for you earlier today. As I explained, our firm (Chamberlain Hrdlicka) represents Apache Corporation and I will be replacing Saul Laureles in concluding our work related to the assignment of certain natural gas price swaps from Fletcher Challenge Industries Limited ("Fletcher Challenge") to Shell Overseas Holdings Limited ("Shell"), and the reassignment from Shell to Apache Corporation. My contact information is as follows: Robert J. Viguet, Jr. ("Bert") Chamberlain, Hrdlicka, White Williams & Martin 1200 Smith Street, Suite 1400 Houston, Texas 77056 Telephone: 713-654-9693 FAX: 713-658-2553 rviguet@chamberlainlaw.com You should have received a letter from Saul Laureles dated February 6, 2001 via overnight courier requesting that your firm confirm certain facts related to the swaps to be assigned as described above. We are looking for a written response to that inquiry at your earliest opportunity. If there are any errors or other discrepancies in the list of swap transactions or other matters identified in the letter, we need to know as soon as possible so that there will be time to resolve those issues before the assignments are made. This firm (Chamberlain Hrdlicka) has prepared a draft of the Assignment and Assumption Agreements for the transfer of the swaps from Fletcher Challenge to Shell and from Shell to Apache Corporation. Our draft of the assignment forms is being reviewed by attorneys for Shell now, but should be available for your review in a few days. The acquisition of assets of Fletcher Challenge Energy by Shell and Apache, and the related assignments of the swap transactions, is expected to closes in early March. If you have any questions or comments concerning the proposed transactions, please don't hesitate to contact me. I look forward to working with you. This communication may be protected by the attorney/client privilege and may contain confidential information intended only for the person to whom it is addressed. Any views or opinions expressed are solely those of the author and do not necessarily represent those of Chamberlain, Hrdlicka, White, Williams and Martin. Any use, dissemination, forwarding, printing, or copying of this e-mail without consent of the originator is strictly prohibited. If you have received this e-mail in error, please immediately notify Robert J. Viguet, Jr., by telephone at (713) 654-9693.
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