Message-ID: <12352448.1075840848417.JavaMail.evans@thyme> Date: Fri, 9 Nov 2001 14:22:39 -0800 (PST) From: frank.vickers@enron.com To: louise.kitchen@enron.com Subject: TBG & VNG Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Vickers, Frank X-To: Kitchen, Louise X-cc: X-bcc: X-Folder: \ExMerge - Kitchen, Louise\'Americas\Gas X-Origin: KITCHEN-L X-FileName: louise kitchen 2-7-02.pst Louise, I know that you are dealing with more important things now but I wanted to keep you up to speed on TBG and VNG as I continue to move them forward. Have completed negotiations on TBG. Plan to forward execution documents on Monday. Upon TBG's execution I will determine if we want to move forward , delay or terminate the opportunity. I will get with you on this. I have negotiated a $2 million payment from Sequent to terminate the Asset transaction 1 year early. Traders believe this is strong value and are willing to transact at that value. Waiting on formal/written offer from Sequent to complete evaluation. Will keep you posted on these opportunities. I hope that you are doing alright given the circumstances Frank