Enron Mail

From:sara.shackleton@enron.com
To:john.hopley@enron.com, lisa.mellencamp@enron.com
Subject:Southern Mineral Corporation ("Southern")
Cc:
Bcc:
Date:Tue, 9 Nov 1999 02:21:00 -0800 (PST)

ENA sent a Notice of Termination letter to Southern on November 1, 1999 and
set that date as the Early Termination Date. There is only one existing
Transaction: a second quarter 2000 collar. We have obtained a third party
quotation for the value of the call (at $.928) which when multiplied by the
total notional and days, is equivalent to $25,334.40. Please let me know if
you have any comments to the letter.

Lisa: Is there a protocol for a non-lawyer to sign the calculation notice
letter? Should it come from settlements which would be tracking any payments
(if ever received in whole or part)?

Thanks. Sara