Message-ID: <11995543.1075854450154.JavaMail.evans@thyme> Date: Thu, 13 Jul 2000 13:12:00 -0700 (PDT) From: david.delainey@enron.com To: jeffrey.sherrick@enron.com, steve.pruett@enron.com Subject: C-Gas Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: David W Delainey X-To: Jeffrey Sherrick, Steve Pruett X-cc: X-bcc: X-Folder: \David_Delainey_Dec2000\Notes Folders\Discussion threads X-Origin: Delainey-D X-FileName: ddelain.nsf Steve, please call Jeff and go through in detail how we got to our valuation of approximately $39 M. Please ensure that this is a reasonable facsimile of value that ENA would accreate over the short to medium term assuming your continued management. Let me know where you end up. Regards Delainey