Blue Range Recovery

---------------------- Forwarded by John J Lavorato/CAL/ECT on 01/25/2000
08:20 PM ---------------------------

Laura E Scott
01/25/2000 07:42 PM
To: Wanda Curry/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT
cc: John J Lavorato/CAL/ECT@ECT, Rob Milnthorp/CAL/ECT@ECT
Subject: Blue Range Recovery

The attached spreadsheet outlines the remaining income (assuming no further
recovery) to be recorded on Blue Range. There is an issue regarding the
foreign exchange on the Houston reserve as detailed on this spreadsheet.
Canada's position is that this is a Canadian dollar denominated transaction
and we should be kept whole on the Canadian dollars. Please review, Wanda,
and let me know if you have any questions.

Milly, I wouldn't quite have writtin this the way Laura did. Let's talk.