Message-ID: <25568801.1075840256175.JavaMail.evans@thyme> Date: Fri, 13 Aug 1999 18:12:00 -0700 (PDT) From: lindol2@worldnet.att.net To: jsutton@enron.com, kenneth.lay@enron.com Subject: Fw: Situation in China Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: "Lindsey Lipscomb" X-To: "Joe Sutton" , Kenneth Lay X-cc: X-bcc: X-Folder: \Kenneth_Lay_Dec2000\Notes Folders\Enron X-Origin: LAY-K X-FileName: klay.nsf > > To: Ken Lay and Joe Sutton; > > First let me say that I heartily applaud the move you recently made in > regard to oil and gas exploration and production. I feel somewhat > vindicated in the position that I had previously taken with EOG management > when I suggested selling off the domestic operations and concentrating on > the foreign opportunities. My real satisfaction, however, is in the > retention by Enron Corp. of both the China and India operations. I believe > that I have expressed to both of you that the concept of an integrated gas > company was very appealing to the officials in both countries. Particularly > in China, this concept appeared to be a factor in the success of our > negotiations. > I am a bit concerned, however, by the reports I receive from some of my > friends and former colleagues in CNPC. They tell me of a degree of > unhappiness with the state of the relationship between their management and > Enron's E & P management. In their view this casts some doubts on the > feasibility of a long-term working partnership, even though they are well > pleased with the technical results achieved thus far. > I have complete faith that Enron Corp. will resolve this matter in good > time and not allow it to jeopardize, in any degree, the great potential > that Enron has in China. Nevertheless, if there is any way in which either > I or my colleague, Johnny Kopecky, can be of any assistance we stand ready > to do so. Both of us continue to have close contacts and a good rapport > with members of CNPC and SPA management. We could perhaps assist in > determining the true nature and extent of the problem, if there should > indeed be one. > Again, congratulations on what you are doing with Enron. And many thanks > for the steady increase in the valuations of my Enron stock. > > Regards, > > Lindsey LIpscomb