DKR Capital deal..

they wanted to allocate between LP (onshore)= 20%, Ltd. (offshore)= 80%
---------------------- Forwarded by Caroline Abramo/Corp/Enron on 04/17/2001
04:02 PM ---------------------------

Caroline Abramo
04/17/2001 02:36 PM
To: Fred Lagrasta/HOU/ECT@ECT
cc:

Subject: DKR Capital deal..

---------------------- Forwarded by Caroline Abramo/Corp/Enron on 04/17/2001
03:36 PM ---------------------------

Caroline Abramo
04/17/2001 02:26 PM
To: Mog Heu/NA/Enron@Enron, Russell Dyk/Corp/Enron@ENRON, Stephen
Plauche/Corp/Enron, Robyn Zivic/NA/Enron@Enron
cc: Paul Radous/Corp/Enron, Carol St Clair/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT

Subject: DKR Capital deal..

Paul- we went ahead and did the deal with DKR:

They bought WTI at $25.67and sold NYH 1% at $22.57
Net spread= $3.10
CY02
25 contract per month= 300,000 bbls in total.

I have requested 50K of initial margin on the deal.

In terms of the deemed ISDA, we agreed to Paul's termination clauses with the
amendment.

change 3 to ...NAV exceeds 3 to 1
change 4 to ....$30MM and $150MM, respectively.

Carol- as soon as you can get out the deemed ISDA , I'll let my back office
know..
Please call me with questions,
Caroline
212 702 3910