FW: 3rd Quarter of 2002 & year 2002

Hi guys,

Could we provide a price indication to PNM for a physical call option (offer) for Cal 02 and Q3, 2002 for San Juan gas? Let start with $.50 out of the money and $1.00 out of the money. This would be a monthly option.

Please let me know if you have any questions.

Thanks,

Kim

-----Original Message-----
From: "Avalos, Art" <AAVALOS@pnm.com<@ENRON [mailto:IMCEANOTES-+22Avalos+2C+20Art+22+20+3CAAVALOS+40pnm+2Ecom+3E+40ENRON@ENRON.com]
Sent: Tuesday, October 02, 2001 12:09 PM
To: Ward, Kim S (Houston)
Subject: 3rd Quarter of 2002 & year 2002

Kim, just for planning purposes, what would it cost to have a call option
for year 2002 and for 3rd quarter of 2002 for 5,000 mmBtu's per day
from the San Juan basin?
Thanks
Art Avalos