RE: 3rd Quarter of 2002 & year 2002

Art,

We can price this up for you but I have a couple of questions -

1) Is this physical or financial
2) Is is a daily call or monthly call
3) Would you like this priced at the money or $.50, $1.00 or more out of the money? I other words, what do you want your cap to be?

Thanks,

Kim

ps What is the schedule for the baloon fest the 10th - 12th? I'm trying to work around some meetings etc.

-----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