Enron Mail

From: a..martin@enron.com To: brent.mcdaniel@woodwardmarketing.com Subject: December Physical Carthage volumes Cc: robsmith@woodwardmarketing.com Bcc: robsmith@woodwardmarketing.com Date: Thu, 29 Nov 2001 13:17:24 -0800 (PST) Brent, Per our phone conversation Enron agrees to buy back 21,417/d at Carthage for December at IFGMR HSC index - .08. I have also talked to EPrime who is our supplier and they are buying back this 21,417/d from Enron at IFGMR HSC - .08. They will subsequently sell the gas to Woodward directly at IFGMR HSC - .08. Both EPrime and Woodward agree that HSC - .08 is a fair market value for Carthage volumes during bidweek for December. The purpose of this transaction is to mitigate the risk of physical non-performance by Enron given our current financial condition without impacting the contractual pricing of the deals previously done with Eprime and Woodward respectively. Regards, Tom Martin