Enron Mail

From: frank.vickers@enron.com To: louise.kitchen@enron.com Subject: TBG & VNG Cc: Bcc: Date: Fri, 9 Nov 2001 14:22:39 -0800 (PST) Louise, I know that you are dealing with more important things now but I wanted to keep you up to speed on TBG and VNG as I continue to move them forward. Have completed negotiations on TBG. Plan to forward execution documents on Monday. Upon TBG's execution I will determine if we want to move forward , delay or terminate the opportunity. I will get with you on this. I have negotiated a $2 million payment from Sequent to terminate the Asset transaction 1 year early. Traders believe this is strong value and are willing to transact at that value. Waiting on formal/written offer from Sequent to complete evaluation. Will keep you posted on these opportunities. I hope that you are doing alright given the circumstances Frank